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BAE Systems admitted yesterday that American authorities investigating corruption claims over an arms deal with Saudi Arabia had issued a series of subpoenas to senior executives, as the investigation continues to gather pace. Two bosses of the defence giant were also detained after they landed at a Houston airport last week

Wal-Mart Stores has put out a press release
patting itself on the back for promising the equivalent of about
$430,000 for disaster relief and reconstruction for the area of China
hit by a massive earthquake this week. The gesture was laudable but the
amount was less than impressive.

Residents of the town of Blackwell, Oklahoma have brought a class action lawsuit against mining giant Freeport McMoRan. The plaintiffs say that the company's zinc smelter, which closed in 1974, left a toxic legacy in the town, including contaminated sand from the smelter that was given away for free.

A poorly run Pentagon program for providing workman's compensation for civilian employees in Iraq and Afghanistan has allowed defense contractors and insurance companies to gouge American taxpayers, a House committee said Thursday.

Four Nigerian villagers and the environmental group Friends of the Earth are demanding Shell take responsibility for damage from oil leaks caused by its Nigerian subsidiary, lawyers said Wednesday.

Some public health experts are questioning why menthol, the most widely used cigarette flavoring and the most popular cigarette choice of African-American smokers, is receiving special protection as Congress tries to regulate tobacco for the first time.

Gazprom and the Russian government have long had a close relationship, but the revolving door between them is spinning especially fast this year. But Gazprom also epitomizes the risks of state capitalism: waste and inefficiency.

US anti-bribery investigators are targeting a former Halliburton subsidiary over its work on a key Royal Dutch Shell project in Nigeria, widening a corruption probe into the country's troubled oil industry.

Amid all the polemics over the use of private military and security contractors by the U.S. government there are two words one rarely sees, but they lie at the very heart of the debate: "inherently governmental."

The Hawaii Structural Ironworkers Pension Trust Fund accuses Alcoa's board in the lawsuit of "causing and/or failing to prevent Alcoa's illegal payment of hundreds of millions of dollars in illegal bribe payments" to senior Bahraini government officials.