ForeignCorruptPracticesAct

News Corp. Confirms Plans to Split Company in Two

Rupert Murdoch's News Corp. said Thursday that plans to split into two separate companies, one holding its newspapers and the other its entertainment operations. The Murdoch family, which controls nearly 40% of the voting shares in News Corp., is expected to maintain control of both.

HP's Russia Scandal: A Little Bribery Never Hurt Anybody

While the U.S. government sniffs around at Hewlett-Packard's allegedly shady dealings in Russia, Harvard economist Jeffrey Miron argues that in some places, bribery can be a good thing, and says the Foreign Corrupt Practices Act only handicaps U.S. companies while doing nothing to prevent corruption.