14:34 ET -- Oracle Corp. is one of the most talked about companies in the U.S. across all news items in the last 12 hours, according to Factiva data. The SEC said Tuesday that Oracle has agreed to pay $23 million to resolve allegations it used slush funds to bribe foreign officials in return for business, in violation of the Foreign Corrupt Practices Act. This is the second time Austin, Texas-based Oracle has been sanctioned by the SEC after having agreed in 2012 to pay about $2 million to settle a previous set of FCPA charges. Dow Jones & Co. owns Factiva. (susan.solan@wsj.com)

 

(END) Dow Jones Newswires

September 27, 2022 14:49 ET (18:49 GMT)

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