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started paying backhanders in Jamaica in 1993. As the years passed, its culture of bribery spread to Ghana and other countries including Madagascar, Angola, Mozambique and Bangladesh. In a memo about Bangladesh, one of the firm's directors spoke about the need to develop close personal relationships. It added: The use of the 'white man's handshake' is extensive in building trust and confidence before any contract is concluded. SFO director Richard Alderman said: The offences are serious ones but the company has played its part positively by recognising the unacceptability of those past business practices and by coming forward to report them and engage constructively with the SFO.
Internet giant Yahoo saw its third quarter profits more than treble - despite sales falling Louboutin Scarpe Outlet by about 12% - as it slashed costs.12%Yahoo has relaunched its web portal to try and boost profits Yahoo said it earned $186m (£113.6m) compared with $54m in the same period last year. Revenue fell to $1.58bn. The firm has cut more than 2,000 jobs during the past year. But it is still struggling to lure back advertisers that trimmed their Christian Louboutin Scarpe Outlet budgets during the recession, and spent money on emerging websites. Direction changeUnlike rival Google, Yahoo has been struggling to turn its position as one of the world's most popular website into profits. The company has tried to change its direction since chief executive Christian Louboutin Italia Carol Bartz replaced co-founder Jerry Yang in January this year. Last month it relaunched its web portal, supported by a $100m global advertising campaign. The company hopes the website refresh will boost both traffic and revenues. Yahoo is also opening its home page to rivals, allowing users to integrate third-party web services like Facebook or Hotmail into its portal. We knew the new management could drive some of the cost out of the system, but we want to start to see what can be done to have the company return to growth, said Olin Gillis, an analyst at Brigantine Advisors. This is a company that's still very much in the process o
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