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Published by CorpWatch Blog | By Richard Smallteacher | Monday, February 10, 2014

Bolivia has been ordered to pay $41 million to Rurelec, a UK energy company, in compensation for nationalizing the Guaracachi power plant in May 2010. The order represents a small profit for Rurelec which bought a 50.1 percent stake in 2006 but substantially less than what the company demanded.

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Published by CorpWatch/Tomdispatch | By Pratap Chatterjee | Friday, February 7, 2014

Mass surveillance by the U.S. National Security Agency involves close partnerships with high-tech companies in order to gather data on everyday people. The agency has cut deals to install secret backdoors into computers; exploit flaws in popular software; and surreptitiously analyze personal data from smartphone games.

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Published by CorpWatch Blog | By Pratap Chatterjee | Monday, February 3, 2014

Bayer, the German pharmaceutical giant, is in hot water after CEO Marijn Dekkers told a Financial Times conference that the company designed medicines "for western patients who can afford it" not for the "Indian market." The company has been critical of the Indian governments efforts to make cheap generic drugs available locally.

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Published by CorpWatch Blog | By Pratap Chatterjee | Tuesday, January 28, 2014

Millennial Media, a Baltimore based ad company, creates "intrusive" profiles of users of smartphone applications and games like Angry Birds, according to documents leaked to the media by whistleblower Edward Snowden. Such profiles have been exploited by intelligence authorities like the U.S. National Security Agency (NSA), say investigative journalists.

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Published by CorpWatch Blog | By Pratap Chatterjee | Monday, January 20, 2014

Several major banks - notably Citibank, Deutsche Bank and HSBC - have suspended over a dozen global foreign exchange traders in a growing scandal over manipulation in the $5.3 trillion-a-day market. Barclays, Goldman Sachs, JP Morgan, Royal Bank of Scotland, Standard Chartered and UBS are also being investigated.

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