Former Chinese Railway Minister Liu Zhijun was charged with corruption and abuse of power as the Communist Party roots out graft that blossomed during the debt- fueled roll out of the world’s biggest high-speed rail network.
Synovus Financial Corp. settled a shareholder lawsuit over more than $200 million in bad loans to Georgia luxury resort Sea Island Co. that the investors say were approved with a “golf course handshake” between executives of the two companies.
Pernod Ricard SA, which sells Havana Club rum in every country except the U.S., was dealt a blow in efforts to sell the liquor in the American market after the U.S. Supreme Court decided not to intervene in a clash over rights to the name.
One morning this week, two Georgia lawmakers did a remarkable thing. These Republican men from affluent, conservative districts stood before the state House of Representatives to speak up for teenage prostitutes.
A telephone call between a financial adviser in Beverly Hills and a trader in New York was all it took to fleece taxpayers on a water-and-sewer financing deal in West Virginia. The secret conversation was part of a conspiracy stretching across the U.S. by Wall Street banks in the $2.8 trillion municipal bond market.