Reuters: Monsanto Settles with U.S. Over Indonesia Bribe.

A former U.S.-based Monsanto senior manager directed an Indonesian consulting firm to make the $50,000 bribe to a senior official in the Ministry of the Environment to get him to repeal a requirement for an environmental impact study the company needed before it could cultivate genetically modified crops, the Justice Department said.

… The Indonesian official, however, did not authorize repeal of the environmental study requirement.

So how did the market respond to the settlement? Monsanto’s stock went up…