Economy Briefs: FDA orders manufacturers to weaken Ambien drugs
Mississippi Gov. Phil Bryant says the state isn’t offering additional incentives.
Democratic lawmakers say Wal-Mart lied about bribes
NEW YORK — Wal-Mart Stores Inc. CEO Mike Duke found out in 2005 that the retailer’s Mexico unit was handing out bribes to local officials, according to emails obtained by lawmakers.
The lawmakers say the emails contradict earlier claims by Wal-Mart senior executives that they weren’t aware of bribes being made by the company.
Democratic Reps. Elijah E. Cummings of Maryland and Henry A. Waxman of California released emails Thursday that indicate that Mr. Duke and other senior Wal-Mart officials were informed multiple times starting in 2005 about the bribes.
U.S. law forbids American companies from bribing foreign officials.
The lawmakers shared the emails, which they say they got from a confidential source, with Wal-Mart on Wednesday, and sent a letter to Mr. Duke asking for a meeting to discuss them.
Brooke Buchanan, a Wal-Mart spokeswoman, said Thursday that the letter that the lawmakers wrote to Mr. Duke “leaves the wrong impression that our public statements are contradicted by the information they released today.”
Cabinet approves $224 billion stimulus plan
TOKYO — The Japanese Cabinet approved a fresh stimulus spending of more than $224 billion Friday, rushing to fulfill campaign pledges to break the world’s third-biggest economy out of its long deflationary slump.