(CNN) – Despite the financial crisis and the implosion of businesses like Enron over shady business practices, senior executives are now more likely to pay bribes to win business, according to a survey by Ernst & Young.
Of the nearly 400 CFO’s polled from November to February, 15% would make cash payments to win or retain business – up from 9% two years ago.
Japan has won back its top spot as the most important partner of the United States in Asia, moving China to the second spot, according to an opinion poll of the "general public" conducted in the United States.
The survey asked 1,200 people in the continental United States to select the most important U.S. partner from a list that included Japan, China, Russia, India, Korea and Australia.
(CNN) – As the “Queen of Burlesque,” Dita von Teese has seduced audiences worldwide with high-class striptease – but some may know her best as the ex-Mrs. Marilyn Manson. Now von Teese is expanding into entrepreneurship with her new fragrance.
The burlesque dancer launched her perfume in “Dita von Teese” in the UK on May 1 after launching in Berlin in October.
Von Teese says her perfume will not be for everyone – although she said her marketing people wouldn’t allow her to put an 18-and-over age restriction on the product. “I want you to think this is the perfume for a seductress, for the wicked city woman. This is not for the girl next door,” she told CNN’s Richard Quest.
(CNN) – Former Guns N’ Roses bassist Duff McKagan – rebounding from his “Appetite for Destruction” that cost him his pancreas (and nearly his life) – now has an appetite for investment.
McKagan has launched a financial management firm for musicians, educating fellow rockers on how to manage their own wealth.
“You have no experience of money and if you suddenly get a million or two million dollars or more, you’re just in foreign territory,” McKagan told CNN’s Richard Quest. “If you’re a millionaire, there comes a point when you are too embarrassed to ask: What is a mortgage, what’s a bond, what’s a stock?”
(Image credit: Getty Images)
(CNN) – Samsung is predicting a record boost to its profits for the start of 2012, thanks to burgeoning smartphone sales.
The South Korean technology giant expects an operating profit of $5.15 billion for the first three months of the year - almost double the figure it reached a year ago, according to its press release. FULL POST
(CNN) – Amazon founder and CEO Jeff Bezos plans to dive 14,000 feet below the surface and raise the F-1 engines that fired Neil Armstrong to the moon in July 1969.
Just days earlier, producer and director James Cameron lived out his own real-life adventure, plunging solo to the deepest point known in the world’s ocean – 35,800 feet under the surface.
Not to be outdone, British businessman Richard Branson has announced plans for his own deep dive. “The Puerto Rico Trench is the deepest place in the Atlantic and is deeper than Mount Everest is high,” Branson says on the website.
“It should prove to be quite an adventure.”
A bevy of wealthy entrepreneurs are setting off for extremes, be it the depth of the ocean or the widths of space.
(CNN) – Amid a rough political battle of the U.S. Republican presidential candidates, being caught in the middle is not something companies usually want.
But Ohio Art, producer of the child’s toy Etch A Sketch, is not complaining after a political firestorm in the U.S. caused the company’s share value to more than double in less than three days.
(CNN) – Earlier this week, voters in Switzerland went to the polls and said "no" to an additional two weeks vacation a year.
In a national referendum, 66.5% opposed the chance to put Switzerland in line with its neighbor Germany, where employees enjoy six-week paid vacation every year.
The Swiss apparently considered previous warnings of the government and business representatives who claimed that an additional fortnight of paid holidays increase labor costs and put their economy at risk.
Hong Kong (CNN) - China’s state-owned cigarette monopoly, the China National Tobacco Corporation, may have a larger annual net profit than HSBC and Walmart, according to a report released this week by the Industrial Bank Co Ltd.
A rare glimpse into the tobacco-giant’s finances revealed a net income of 117.7 billion yuan (US$18.7 billion) in 2010 on sales of 770.4 billion yuan.
According to Bloomberg, HSBC reported $16.8 billion of profit for its most recent fiscal year while Wal-Mart reported a net income of $15.7 billion. The 2011 figures of China National Tobacco Corp. were not given.
Hong Kong (CNN) - The men’s magazine FHM has come under fire again after a saucy cover of Filipina actress Bela Padilla was claimed as racist.
The cover shows fair-skinned Padilla coming forward of a group of dark-skinned Filipina models with the caption, “Bela Padilla stepping out of the shadows.”
Padilla is not the first case of Asian FHM covers launching controversies. In December last year, Pakistani actress Veena Malik (shown above) appeared on the Indian edition of FHM, wearing nothing but the tattoo bearing the initials ISI, the acronym for the Pakistan’s inter-services Intelligence agency.
Malik said that that FHM doctored the cover to show her without clothes. FHM India said Malik was aware of the conditions and approved the photographs.
The local FHM publisher in the Philippines, Summit Media, dumped the March cover in favor of a less controversial Padilla shot after the company previewed the racy cover on its Facebook page last Saturday, triggering heated reaction on social media and the magazine’s website.
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