Pfizer Settles Foreign Corrupt Practices Act Violation For China Business

U.S.-based Pfizer Inc. says it has resolved U.S. Department of Justice and Securities and Exchange Commission matters related to certain improper payments in the operations of two of its subsidiaries outside the United States, which Pfizer voluntarily reported to the U.S. government beginning in 2004. Read more on China CSR. Read original SEC press release. Pfizer Inc. (PFE:New York) is a Global Compact participant since 2002/10/04. It was a Gold Contributor to the Foundation for the Global Compact in 2010.

70,000 employees at Italy's Intesa Sanpaolo Group set to strike

More than 70,000 employees from Intesa Sanpaolo Group are ready to strike in Italy on Monday, July 2nd. The strike, the first since the 2007 merger, was announced on June 19th by Italian UNI Finance affiliated unions, after a confrontation with the company lasted about one month. Intesa Sanpaolo has announced that it will not respect the agreement reached with the unions on July 29th 2011, related to the Business Plan 2011-13, but it failed to introduce a new one. More on Uni Global Union website. Intesa Sanpaolo(ISP:BrsaItaliana) is a Global Compact participant since 2003/04/24.

Eni accused of corruption in Kazakhstan

A subsidiary of Italian energy company Eni is suspected of giving bribes to people close to the president of Kazakhstan, prosecutors said. Italian prosecutors say Eni subsidiary Agip Kco is suspected of offering bribes to the son-in-law of the Kazakh president, through 2007, Russia's state-run news agency RIA Novosti reports. Read more: on UPI. More on Reuters. Eni Spa (ENI.MI) is a Global Compact participant since 2001/07/01 and 'Founding Father' of the Global Compact. ENI was a Gold Contributor to the Foundation for the Global Compact in 2010.

US SEC Probes Eni, Total On Libya Operations

The U.S. Securities and Exchange Commission has sent formal requests to Italy's Eni SpA and France's Total SA related to the companies' Libyan businesses, the companies disclosed in regulatory filings.

More on Dow Jones.

Eni Spa is a Global Compact participant since 2001/07/01. Total S.A. is a Global Compact participant since 2002/03/07.

Both Total and ENI were Gold Contributors to the Foundation for the Global Compact in 2010.