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Koch brothers’ firm hid subsidiary’s violations of criminal law

In May 2008, the compliance and ethics manager of Koch Industries discovered that a French subsidiary of the privately-held firm had been paying bribes to gain contracts. As described in the November issue of Bloomberg Markets magazine, she promptly notified her supervisors, who found evidence that the business director of…

Retired GOP senator goes to work for Goldman Sachs

WASHINGTON – Former Republican Sen. Judd Gregg of New Hampshire, who retired this January, has been hired as an international adviser to Goldman Sachs. “Judd Gregg’s experience and insight will contribute significantly to our firm and our continuing focus on supporting economic growth,” said Goldman’s chairman and CEO Lloyd Blankfein…

Twitter chief picked as Obama telecom advisor

SAN FRANCISCO (AFP) – US President Barack Obama named Twitter’s chief and a high-ranking Microsoft executive among a handful of technology veterans to be appointed as telecommunications security advisors. “I am proud to appoint such impressive men and women to these important roles, and I am grateful they have agreed…

Obama stands firm in AIPAC speech

WASHINGTON (Reuters) – President Barack Obama on Sunday refused to back away from his new Middle East peacemaking proposals that have angered Israel, as he addressed the Jewish state’s staunchest American supporters amid a deep rift in U.S.-Israeli ties. But Obama, speaking to the pro-Israel lobbying group AIPAC, sought to…

Facebook leaked personal data to advertisers

SAN FRANCISCO — US computer security firm Symantec on Tuesday said that Facebook accidentally left a door open for advertisers to access profiles, pictures, chat and other private data at the social network. Symantec discovered that certain Facebook applications leaked tokens that act essentially as “spare keys” for accessing profiles,…

Private US firm aims for manned Mars landing in 10-20 years

NEW YORK (AFP) – Private US company SpaceX hopes to put an astronaut on Mars within 10 to 20 years, the head of the firm said. “We’ll probably put a first man in space in about three years,” Elon Musk told the Wall Street Journal Saturday. “We’re going all the…

China beating US in cyberspying

ATLANTA (Reuters) – As America and China grow more economically and financially intertwined, the two nations have also stepped up spying on each other. Today, most of that is done electronically, with computers rather than listening devices in chandeliers or human moles in tuxedos. And at the moment, many experts…

Johnson & Johnson fined for bribing doctors

WASHINGTON — US authorities fined cosmetics and drugs giant Johnson & Johnson $70 million on Friday for bribing doctors in Europe and paying kickbacks for contracts under a UN relief program in Iraq. The Department of Justice and Securities and Exchange Commission said since 1998 the firm had paid doctors…

Lehman Brothers execs may escape charges

CHICAGO (Reuters) – A government probe into the fall of Lehman Brothers Holdings Inc has hit so many snags that enforcement officials fear they may never be able to bring civil or criminal charges against company executives, the Wall Street Journalreported on Saturday. According to the paper,Securities and Exchange Commission officials have begun to doubt…

Toyota US recalls more than 2 million vehicles

WASHINGTON — Japanese automaker Toyota on Thursday recalled more than two million vehicles to correct floor mats or carpets that could jam accelerator pedals, the latest in a spate of recalls to hit the firm. The voluntary move applies to some Lexus GS, RX and LX models as well as…

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