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Efforts by defense contractor KBR to repair hurricane-damaged Navy facilities were deemed shoddy and substandard, and one technical adviser alleged that the federal government "certainly paid twice" for many KBR projects because of "design and workmanship deficiencies," the Pentagon's inspector general reported in an audit released yesterday.
Read MoreThe US has accepted that foreign contractors in Iraq will no longer have immunity from Iraqi law under a new security agreement now under negotiation, says the Iraqi Foreign Minister, Hoshyar Zebari.
Read MoreThe Army official who managed the Pentagon's largest contract in Iraq says he was ousted from his job when he refused to approve paying more than $1 billion in questionable charges to KBR, the Houston-based company that has provided food, housing and other services to American troops.
Read MoreDietary-supplements maker Mannatech Inc. said it settled several lawsuits with shareholders who accused the company of using improper sales tactics to boost the value of the stock.
Read MoreEurope this month rolled out new restrictions on makers of chemicals linked to cancer and other health problems. The changes follow eight years of vigorous opposition from the U.S. chemical industry giants like DuPont, and the Bush administration.
Read MoreNow, the next generation of Tisches has removed tobacco from the portfolio of the conglomerate they lead, the Loews Corporation, spinning off its tobacco unit, Lorillard, as a stand-alone business, with the Newport brand representing more than 90 percent of the new company's revenue. The new stock began trading Tuesday, and analysts have said the new company might be a takeover target.
Read MoreCompetition Commissioner Neelie Kroes of the European Union delivered an unusually blunt snub to Microsoft on Tuesday by recommending that businesses and governments use software based on open standards.
Read MoreA BBC investigation estimates that around $23bn (£11.75bn) may have been lost, stolen or just not properly accounted for in Iraq.
Read MoreMr. Ripp's journey from whistle-blower to defendant is another example of the long shadow cast by the AOL-Time Warner merger, now widely regarded as one of the most disastrous corporate marriages in history. It is also a cautionary tale for corporate executives who may illuminate fraudulent conduct to one government agency but then find themselves a target of another.
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