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Petrobras (PBR) Stock Falls After Charges Announced in Corruption Scandal

2014-12-12 17:34:02| Oil & Gas - Topix.net

Suspects charged include Paulo Roberto Costa, former director of Petrobras' refining division as well as 23 executives from big Brazilian construction companies, and Alberto Youssef, who allegedly deals currency on the black market and distributed the bribe payments, according to Market Watch . A member of the group of federal prosecutors in the investigation told the publication they are looking to recover at least 1 billion reals through the charges, and have ruled out any possible out-of-court settlements.

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JCI's Molinaroli says employees, community 'rallied around' him after scandal

2014-12-04 21:01:55| Automakers - Topix.net

Johnson Controls Inc. CEO Alex Molinaroli, in his first public comment regarding his extramarital affair involving a former consultant to the company, said his employees and the community have "rallied around" him since The auto supplier in October fired the Milwaukee firm, Lichter & Ihle, after discovering that Molinaroli had an affair with one of the company's principals, Kristin Ihle. "When something like that happens, the biggest impact to me is with our employees and my family.

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Patient Safety Journal Finds Violations, Tightens Standards After Scandal

2014-11-26 16:42:47| Biotech - Topix.net

The aftershocks of what some have called the patient safety movement's first scandal continue to reverberate in the medical community, most recently in the current issue of the Journal of Patient Safety. The journal's editorial team reviewed 10 articles by Dr. Chuck Denham, the publication's previous editor, and said nine had potential conflicts of interest, five of them undisclosed.

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Scandal strains Brazil's giant Petrobras

2014-11-21 01:32:01| BBC News | Business | UK Edition

The mammoth corruption scandal surrounding Brazil's oil colossus Petrobras

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PUC judge orders PG&E to produce more emails in widening scandal

2014-11-20 03:19:00| Energy - Topix.net

A state law judge on Wednesday ordered PG&E to produce more emails related to a widening scandal that has engulfed PG&E and the Public Utilities Commission over improper attempts to influence a decision on natural gas system rates and upgrades linked to a fatal explosion in San Bruno. The ruling requires the utility to produce all internal and external emails issued or received by 10 PG&E executives or consultants in connection with a $1.29 billion PG&E revenue request to upgrade its transmission system.

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