United States-based bank Lehman Brothers Holdings Inc (Lehman) is to pay US$767 million to the US Federal Home Loan Mortgage Corporation (Freddie Mac) to settle a US$1.2 billion claim over two loans issued by Freddie Mac to Lehman a matter of months before Lehman filed for bankruptcy.
The United States (US) Department of Justice (DoJ) has announced that Military Professional Resources Inc (MPRI) has agreed to settle allegations that it "submitted false labor charges on a contract to support the [US] Army in Afghanistan" by paying US$3.2 million.
Kellogg Company (Kellogg) has announced a global commitment to require all its suppliers to source palm oil that is "environmentally responsible, socially beneficial, and economically viable", by the end of 2015.
The United States (US) Department of Justice (DoJ) has announced that Japan-based automobile parts manufacturer Bridgestone Corp (Bridgestone) has agreed to "plead guilty and to pay a [US]$425 million criminal fine for its role in a conspiracy to fix prices of automotive anti-vibration rubber parts installed in cars sold in [the US] and elsewhere".
The United States (US) Department of Justice (DoJ) has announced that British Virgin Islands-based international petroleum company PetroTiger Ltd's (PetroTiger) former co-chief executive officer (CEO) Knut Hammarskjold has pleaded guilty to conspiring to "pay bribes to foreign government officials and to defraud PetroTiger".
The United States Department of Justice (DoJ) has announced that former Bank of America Corporation executive Phillip Murphy has pleaded guilty to "participat[ing] in a conspiracy and scheme to defraud [in] relat[ion] to bidding for contracts for the investment of municipal bond proceeds and other municipal finance contracts".
The European Commission (EC) has made available Frequently asked questions - [EC] obtains from Google comparable display of specialised search rivals (5 February 2014), advising that it has received from Google Inc (Google) an "improved commitments proposal ... in the context of the ongoing antitrust investigation on online search and search advertising".
South Korea-based Asiana Airlines Inc (Asiana) president Kim Soo-cheon has stated that the airline is strengthening its operational safety systems as a matter of priority as well as upgrading its training and inspection procedures with the aim of establishing a corporate culture that is focused on safety.
The United States (US) Department of Justice (DoJ) antitrust division has released a statement (7 February 2014) on its decision to close its investigation into Samsung Electronics Co Ltd's (Samsung) use of certain patents known as standards-essential patents (SEPs) so as to "exclude certain Apple Inc products from the US market", despite having committed to licensing the SEPs to industry participants on non-discriminatory terms.
The United States (US) Department of the Treasury has released Enforcement information for January 27, 2014 (undated), advising that joint-stock commercial bank Bank of Moscow (BoM) has agreed to pay US$9,492,525 to settle allegations that it breached Executive Order 13382 - Blocking Property of Weapons of Mass Destruction Proliferators and Their Supporters (2005) by sending funds transfers totalling US$41,306,113 through the USA for or on behalf of the designated entity Bank Melli Iran ZAO Moscow Russia (BMI Russia).