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Even as Siemens has reported buoyant financial results - thanks in part to Kleinfeld's overhaul of its operations - it has been hit with a fast-expanding corruption scandal that threatens to sink its reputation. Read More

An energy company plants trees and donates electric cars to advertise its environmental commitment while polluting the air with coal-fired power plants for three-quarters of its energy. Hypocrisy? No, business as usual for many corporations, according to Earthsummit.biz, the latest from Food First Books and CorpWatch, published to coincide with the World Summit on Sustainable Development in Johannesburg. Read More

US banana company Chiquita Brands International has said it will plead guilty to a count of doing business with a paramilitary group in Colombia. Read More

A former Colombian security official who claims he saw an official of a U.S.-based company pay for the murders of union leaders in the South American country can testify in the upcoming civil trial over the deaths, a U.S. judge ruled Tuesday. Read More

Colombia's chief prosecutor said Tuesday he will demand the extradition of eight people allegedly involved with Chiquita's payments to right-wing paramilitaries and leftist rebels in a region where it had profitable banana-growing operations. Read More

The U.S. Securities and Exchange Commission and the U.S. Department of Justice have summoned the chief executive of French energy giant Total SA to explain the group's activities in Iran, a French newspaper said on Tuesday. Read More