Dun and Bradstreet Corp : D&B Reports on Investigation Related to China Operations
03/18/2012| 10:20pm US/Eastern
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D&B (NYSE: DNB), the world's leading source of commercial information
and insight on businesses, announced today that it has temporarily
suspended its Shanghai Roadway D&B Marketing Services Co Ltd. operations
in China, pending an investigation into allegations that its data
collection practices may violate local Chinese consumer data privacy
laws. D&B acquired Roadway's operations in 2009, and for 2011 Roadway
accounted for approximately $23 million in revenue and $2 million in
operating income.
In addition, D&B has been reviewing certain allegations that local
employees may have violated the Foreign Corrupt Practices Act and
certain other laws in our China operations. D&B is cooperating with the
local Chinese investigation, and has voluntarily reported these matters
to the U.S. Department of Justice and the U.S. Securities and Exchange
Commission.
D&B will continue to actively pursue these investigations until the
matter is satisfactorily resolved.
About Dun & Bradstreet® (D&B)
Dun & Bradstreet (NYSE:DNB) is the world's leading source of commercial
information and insight on businesses, enabling companies to Decide with
Confidence® for 170 years. D&B's global commercial database contains
more than 205 million business records. The database is enhanced by
D&B's proprietary DUNSRight® Quality Process, which provides our
customers with quality business information. This quality information is
the foundation of our global solutions that customers rely on to make
critical business decisions.
D&B provides solution sets that meet a diverse set of customer needs
globally. Customers use D&B Risk Management Solutions™ to mitigate
credit and supplier risk, increase cash flow and drive increased
profitability; D&B Sales & Marketing Solutions™ to increase revenue from
new and existing customers; and D&B Internet Solutions™ to convert
prospects into clients faster by enabling business professionals to
research companies, executives and industries, over the web.
For more information, please visit www.dnb.com.
Porter Novelli
Media:
Jack Newton, 404-995-4527
jack.newton@porternovelli.com
OR
Dun
& Bradstreet
Investor Relations:
Roger Sachs, 973-921-5914
sachsr@DNB.com
© Business Wire 2012
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