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Siemens fined $5.8 million in South Korea for hurting aftermarket competition
SiemensWednesday January 17, 2018 6:39AM ET
South Korea's corporate watchdog slapped a 6.2 billion won ($5.8 million) fine on German industrial giant Siemens's Korean affiliates for abusing their dominance in the local aftermarket for medical equipment, such as CT and MRI.
Former head of Barclays New York forex indicted in front-running scheme
Barclays CapitalWednesday January 17, 2018 3:57AM ET
The former head of Barclays Capital’s New York foreign exchange trading operation was charged in an indictment for his alleged role in a scheme to defraud a client of Barclays through a method commonly referred to as “front-running.”
Airbus fined $128 million over Taiwan missile affair
Airbus factorySunday January 14, 2018 6:46AM ET
Airbus said it had been fined €104 million ($128 million) for a dispute dating from 1992 over missile sales to Taiwan by the Matra group, which was later acquired by the aerospace giant.
Volkswagen agrees to $232 million Canadian emissions settlement
Volkswagen CanadaFriday January 12, 2018 5:15PM ET
Volkswagen has agreed to a settlement worth up to $232 million (C$290.5) with owners of vehicles in Canada affected by its diesel emissions-cheating scandal.
India bans Price Waterhouse for 2 years in corporate fraud case
Price WaterhouseThursday January 11, 2018 6:32AM ET
India's market regulator has banned international accounting firm Price Waterhouse from auditing listed companies for two years for its role in the country's biggest ever corporate scandals.
Britain fines Carphone Warehouse 400,000 pounds over data breach
Carphone WarehouseWednesday January 10, 2018 7:32AM ET
Britain's information regulator said it had fined Carphone Warehouse 400,000 pounds ($539,400) after a 2015 cyber attack exposed the personal data of more than 3 million customers.
China: 159,100 officials sentenced for corruption
China corruptionTuesday January 9, 2018 2:54AM ET
59,100 Chinese officials were sentenced for misappropriating State''s funds and using them with personal purposes in 2017, according to statistics from the disciplinary committee of the Communist Party (CPCh).
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