| Apr 22, 2014
| 8:31 AM
Swiss pharmaceutical titan Novartis AG on Tuesday announced an overhaul of its operations that involved several multibillion-dollar deals with GlaxoSmithKline intended to allow Novartis to focus on its oncology business and boost profitability, the...
| Apr 7, 2014
| 11:04 AM
British drug-maker GlaxoSmithKline said it is launching an investigation into claims of misconduct in Iraq.
The announcement comes months after China began looking into allegations of a bribery ring within the company's business in that country.
| Mar 27, 2014
| 11:17 AM
Staffers passing by a room in the U.S. House of Representatives office building earlier this month did double takes. Whom they saw inside were no ordinary Capitol Hill briefing attendees: rats, mice, guinea pigs and rabbits.
The presence of these...
| Jun 4, 2014
| 9:53 AM
The Illinois Attorney General on Wednesday announced the state was part of a $105 million settlement with GlaxoSmithKline LLC to resolve allegations that the company unlawfully promoted its asthma drug Advair and antidepressants Paxil and Wellbutrin....
| Mar 2, 2014
| 6:00 AM
BEIJING — The headline news on state-run Chinese Channel 13 was juicy: A mining tycoon and 35 others had been charged with running a mafia-style enterprise in Sichuan province, gunning down enemies in the street, bribing people and operating an...
| Feb 5, 2014
| 5:11 PM
CVS Caremark Corp.'s imminent exit from the cigarette and tobacco business — an unprecedented move for a major pharmacy company — is being cheered by many medical professionals and lawmakers as a triumph of corporate responsibility over the...
| May 14, 2014
| 6:51 PM
The former head of GlaxoSmithKline in China was charged with corruption by local authorities after a probe that resulted in accusations that the drug maker ran a wide-ranging bribery scheme that included payoffs to doctors.
Chinese police alleged that...
| May 8, 2014
| 2:26 AM
One of China’s most venerable dissident journalists was paraded on state television Thursday morning, apologizing for spilling state secrets that embarrassed the Chinese Communist Party.
The public shaming of Gao Yu, a 70-year-old grandmother who...
| Apr 24, 2014
| 8:41 AM
Orthopedic products maker Zimmer Holdings on Thursday announced it will acquire Biomet Inc. in a deal valued at $13.35 billion, including assumption of debt, the companies said.
The proposed acquisition follows a flurry of billion-dollar deals by...
| Aug 2, 2014
| 5:00 AM
It's both endearing and infuriating to watch American corporate executives wring their hands about how the injustices of the U.S. tax code are forcing them — forcing them! — to reincorporate overseas through the procedure known as inversion....
| Jun 9, 2014
Happy Monday! If you're looking for good news, you've come to the wrong place. If you want the dirt on the latest scams, accusations of fraud, recalls and other consumer news, read on for a summary of what the Watchdog......