Foreign Corrupt Practices Act

Channelinsight, a Salesforce.com for B2B, Lands $10 Million From Rho Ventures

Arik Hesseldahl in Enterprise on April 20, 2011 at 6:30 am PT

The Denver-based company, which aims to do for indirect business-to-business sales what Salesforce.com did for direct sales, lands a Series C led by Rho Ventures.

Voices

U.S. Joins Bribery Probe of H-P Executives

David Crawford and Dionne Searcey, Reporters, The Wall Street Journal in News on April 15, 2010 at 5:25 pm PT

The U.S. has joined German and Russian authorities in investigating whether Hewlett-Packard Co. executives paid millions of dollars in bribes to Russian officials to win a contract in Russia, according to people familiar with the matter. The U.S. Securities and Exchange Commission and Justice Department are investigating whether H-P committed any violations of the Foreign Corrupt Practices Act, these people said, as part of a widening probe into the company’s activities.

Weekend Update 5.09.09

Beth Callaghan in News on May 9, 2009 at 11:30 pm PT

It was like a liveblogging tournament this past week–one that included a lot of the big players, but ended in a three-way tie. According to BoomTown’s reliable sources, the elusive Microsoft-Yahoo deal is making “meaningful” progress. Accordingly, BoomTown also wondered whether Ballmer planned on visiting Carol Bartz on his trip to the Bay Area this week, or if the proximity of Stanford to Yahoo was just chance, given that Stanford was his main destination.

Sun Open-Sources U.S. Antibribery Laws

John Paczkowski in News on May 8, 2009 at 11:39 am PT

A couple bombshells in Sun Microsystems’s latest 10-Q filing. Seems the company believes it may have violated the U.S. Foreign Corrupt Practices Act, which bans bribery of foreign government officials. Oh, and some of its shareholders are suing to block its acquisition by Oracle.