BAE admits guilt over corrupt arms deals --Arms firm pays out £300m after long-running Guardian investigation The arms giant BAE yesterday agreed to pay out almost £300m in penalties, as it finally admitted guilt over its worldwide conduct, in the face of long-running corruption investigations. For 20 years, the firm refused to accept any wrongdoing, despite mounting evidence of alleged bribes and kickbacks, much of it uncovered by the Guardian. But BAE yesterday said it would plead guilty to charges of false accounting and making misleading statements, in simultaneous settlement deals with the Serious Fraud Office in the UK and the department of justice in Washington.
Judge: Pratt can't move jobs out of US --Judge sides with union, says jet engine maker in US can't move out 1,000 jobs out A federal U.S. judge ordered jet engine maker Pratt & Whitney to halt its plans to move 1,000 jobs out of Connecticut and to Japan, Singapore and the state of Georgia. U.S. District Judge Janet C. Hall in Bridgeport issued a permanent injunction, stopping the company's plans to shift the jobs. The judge strongly criticized the subsidiary of United Technologies Corp., saying it evaded the spirit of its union contract requiring it to make every effort to keep the jobs in the state.
A quiet Friday; only one bank closed - Regulators seized just one bank Friday, a small institution in west-central Minnesota.
Mary Smith has been appointed to the Justice Department’s Civil Division pending the outcome of her long-stalled nomination to lead the Tax Division, a Justice official said. She is expected to begin work on Wednesday as Senior Counsel to Assistant Attorney General Tony West, the official said.
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