- Obama ‘cavalier’ in hiding foreign aid order, judge rules
- Prince Charles: Muslims are driving Christians from Mideast through persecution
- Gitmo’s first commander: Close the prison down
- Google’s newest photography find: Just wink and shoot
- Detroit’s Heidelberg art project hit by 8 fires in 8 months
- Pa. police pull people over for random DNA tests for feds
- NASA pushing hard to get back into space game
- Harvard student to face federal charges for bomb hoax
- Ronnie Biggs of ‘Great Train Robbery’ fame dies, 84
- Pope Francis wins another ‘Person of the Year’ — from gay rights magazine
Economy Briefs: Aid applications up by only 2,000
Oracle paying $2M to settle charges
Software maker Oracle Corp. is agreeing to pay $2 million to settle federal civil charges of failing to prevent secret payments in its sales operations in India.
The Securities and Exchange Commission announced the settlement Thursday. The SEC said Oracle violated the Foreign Corrupt Practices Act by allowing its Indian subsidiary to secretly set aside money that went to phony local vendors. Oracle ran the risk of the secret funds being used for bribes, the SEC said.
The agency said the violations occurred from 2005 to 2007. It said the subsidiary sold software licenses and services to the Indian government and kept some of the sale proceeds off Oracle’s books.
Oracle, based in Redwood Shores, Calif., neither admitted nor denied wrongdoing in the settlement.
• From wire dispatches and staff reports
By John R. Bolton
The president fiddles at his domestic altar while the world burns
- U.S. Army mulls wiping out memory of Robert E. Lee, 'Stonewall' Jackson
- IRS pays tax cheats hundreds of millions of dollars
- HURT: D.C. gets the vapors, calls sequester too much
- Top Democrats reject court ruling over NSA spying on Americans
- BOLTON: Nero in the White House
- EDITORIAL: Al Gore, soothsayer
- Obama mocks Putin, picks gay athletes for Sochi delegation
- We told you so: Conservatives foresaw polygamy ruling
- Army to cut up to 4,000 captains and majors
- Senators in rush to pass budget vow to undo cut to military retirement pay
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