business news in context, analysis with attitude

• The Associated Press reports that the 8th U.S. Circuit Court of Appeals "has rejected a shareholder lawsuit filed against key directors at Wal-Mart Stores Inc. that claimed they allowed and concealed alleged bribery in the company's Mexico division." The ruling upheld an Arkansas court ruling that the accusations "'did not give rise to a reasonable reference' that the board of directors learned of the suspected bribery while it was being covered up and the internal investigation squashed."
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