Reuters - Video

EDITION: U.S. | U.K. | IN

Video

U.S. Morning Call: Walmart bribed officials in Mexico - NYT

Monday, December 17, 2012 - 03:22

Dec 18 - Walmart's Mexican affiliate routinely used bribes to open stores in desirable locations, according to the New York Times.

▲ Hide Transcript

View Transcript

Here's your morning offered Tuesday were allegations of bribery against Wal-Mart in Mexico. According to New York Times wall X as -- -- there bribe officials nineteen times to open stores in desirable locations. He alleged payoffs mostly linked to zoning laws and environmental permits that would otherwise prevented Wal-Mart to growth in the country. Although Obama will Wal-Mart spokesman said that looking into the matter. The times first reported bribery charges in Mexico in April and the company lost ten billion dollars of its market value immediately following so watch the stock today. Since then Wal-Mart also opened internal probes on civil allegations in Brazil China and India. And has -- some 100 million dollars related costs. More patents. More problems apple having a rough week so far US judge denied iPhone maker's request for permanent injunction against Samsung's Smartphones. And -- that could have provided apples some leverage in their many patent disputes perhaps slowing Samsung's momentum. We suggested it -- comScore shows and I'm gaining ground on apple in Europe Smartphone market. Shares of apple up slightly in the premarket around 521. Dollars. Following the tragedy in Newtown Connecticut PE groups cerberus capital capital selling gunmaker freedom group. -- Cerberus was pressured by the California State teachers retirement system which has seventy. 751. Million dollar investment with a firm. -- itself is 820 billion dollar PE house that bought several of the top gun manufacturers and merge them into one entity called freedom group. The move follows an op Ed in yesterday's late by former New York governor Eliot Spitzer where he says in no uncertain terms quote. It is time to determine pension fund by pension fund who has invested in cerberus. And bring pressure on those investors either to get out of cerberus or have servers changed the way it runs the gun industry. Facebook's IPO disaster still haunting Morgan Stanley. The lead underwriter for the social networks IPO will pay five million dollar fine to the state of Massachusetts. The penalty settles charges over Morgan Stanley bankers improperly influencing analyst at the time of Facebook's troubled public offering. Since the IPO the stocks lost about 27% of its value but it could be worse. FaceBook shares have rallied since mid November up 17%. From a month ago. Let's turn to markets and take a -- US stock futures pointing to a higher open today. Sources say President Obama made a counter offer to Republicans last night that included a major change in his position on tax cuts for the wealthy. Late today we'll get earnings from oracle which may post a higher profit investors also get a glimpse of the possible impact of the fiscal cliff -- tech spending. Oracle's quarter ended November 30 it's generally seen as a Bellwether for new trends affecting the economy. That's super Tuesday morning cough follow us on Twitter at Reuters Insider. And check out our players need to -- -- at -- dot com slash Reuters TV. I'm Lisa Bernhard this is Reuters.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

U.S. Morning Call: Walmart bribed officials in Mexico - NYT

Monday, December 17, 2012 - 03:22

Top News »

Investing 201 »

Arian Foster = BlackBerry? Arian Foster = BlackBerry?

Fri, Oct 25, 2013 - (3:16)

Don’t miss these red flags for IPOs Don’t miss these red flags for IPOs

Thu, Oct 10, 2013 - (2:34)

Copycat currency trading Copycat currency trading

Wed, Oct 02, 2013 - (2:28)

When to dump a winner When to dump a winner

Tue, Sep 24, 2013 - (1:55)

Where gold might again attract Jim Rogers Where gold might again attract Jim Rogers

Thu, Sep 19, 2013 - (2:05)

Why savings interest rates won't budge Why savings interest rates won't budge

Fri, Sep 13, 2013 - (2:09)

Buy local? ETFs try the trend Buy local? ETFs try the trend

Thu, Sep 05, 2013 - (2:42)

The better bond funds The better bond funds

Wed, Aug 07, 2013 - (2:40)

Best bargain in 40 years? European stocks Best bargain in 40 years? European stocks

Thu, Aug 01, 2013 - (2:24)

Invest like an activist Invest like an activist

Fri, Jul 26, 2013 - (2:49)

Money Clip »

3 things to do before disaster strikes 3 things to do before disaster strikes

Wed, Sep 18, 2013 - (1:39)

Your must-do money list Your must-do money list

Wed, Sep 11, 2013 - (1:24)

The worst "best" financial advice The worst "best" financial advice

Wed, Sep 04, 2013 - (1:42)

Forget gold: The case for REITs Forget gold: The case for REITs

Fri, Apr 26, 2013 - (1:19)

3 rules for buying a house now 3 rules for buying a house now

Thu, Apr 18, 2013 - (1:39)

“Stalking” your dream home - Money Clip “Stalking” your dream home - Money Clip

Wed, Mar 27, 2013 - (2:50)

3 hidden tax deductions - Money Clip 3 hidden tax deductions - Money Clip

Thu, Mar 21, 2013 - (1:33)

Moving Pictures »

Still missing – MH370 Still missing – MH370

Fri, Sep 05, 2014 - (2:05)

Images of August Images of August

Fri, Aug 29, 2014 - (1:00)

Burning Together Burning Together

Mon, Sep 01, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Thu, Jul 03, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)