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Published by CorpWatch | By Pratap Chatterjee | Sunday, April 8, 2012

Johnson & Johnson has been fined $1.2 billion over sales of Risperdal, an antipsychotic drug. Tim Fox, a circuit judge in Arkansas, ruled that the company has to pay $5,000 for each of the 240,000 prescriptions that were paid for by the state's Medicaid program. (The program provides health care for low-income citizens, financed by the taxpayer)

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Published by CorpWatch Blog | By Carmelo Ruiz-Marrero | Sunday, April 8, 2012

Puerto Rican citizen groups are protesting two renewable energy projects: a 30 megawatt solar energy project in Yabucoa by Western Wind Energy corporation from Vancouver and a 75 megawatt windmill array in Santa Isabel by Pattern Energy of San Francisco. The reason: these projects will threaten scarce farm land on the food dependent island.

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Published by CorpWatch Blog | By Pratap Chatterjee | Thursday, April 5, 2012

Ian Hannam, a senior JP Morgan banker and ex-soldier, who helped finance a number of flamboyant and controversial mineral extraction projects from India to Tanzania over the last couple of decade, has resigned, after being fined $720,000 for insider trading by the UK Financial Services Authority.

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Published by CorpWatch Blog | By Pratap Chatterjee | Friday, March 30, 2012

Chiquita, the global banana producer, was ordered to face a federal court over their role in paying off right wing death squads in Colombia that are alleged to have used "random and targeted violence" against villagers in exchange for financial assistance and access to Chiquita's private port.

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Published by CorpWatch Blog | By Pratap Chatterjee | Thursday, March 29, 2012

The Karoo desert in the Western Cape region of South Africa is threatened by companies like Shell, the Anglo-Dutch oil company, Falcon Oil & Gas and Bundu Oil & Gas that want to frack for natural gas.

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Published by Special to CorpWatch | By Pratap Chatterjee | Tuesday, March 27, 2012

Big Brother is watching Iranians with a little help from Chinese and European companies. Reuters revealed that ZTE Corporation had sold Tehran surveillance technology. This comes in wake of revelations late last year by Bloomberg that Creativity Software in the UK had sold the Iranians "location tracking and text-message monitoring equipment."

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Published by CorpWatch Blog | By Pratap Chatterjee | Thursday, March 22, 2012

Brazil has demanded that 17 Chevron and Transocean executives surrender their passports while they await the outcome of criminal charges brought against them for a spill that took place off the coast of Rio de Janeiro last November. Both companies have been in trouble for similar problems in the past.

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Published by Special to CorpWatch | By Elias Cabrera | Sunday, March 18, 2012

Emerald Energy, a UK company owned by Sinochem of China, is exploring for oil in the eastern Colombian Andes in the high altitude tropical mountain tundra ecosystem known as páramo. Local communities say that the company's underground explosions have caused landslides and ground collapses that have destroyed homes, crops and contaminated the local water supply.

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Published by CorpWatch Blog | By Pratap Chatterjee | Thursday, March 15, 2012

Three Barclays bankers made more than $15 million in 2011 salary packages, with the CEO making $28 million. The numbers were revealed under a pact made by the banking sector with the UK government, under Project Merlin, sparking outrage.

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Published by CorpWatch Blog | By Pratap Chatterjee | Wednesday, March 14, 2012

Greg Smith, a Goldman Sachs employee in London, has quit the company with a fiercely critical op-ed in the New York Times in which he accuses the Wall Street investment bank of losing its moral compass.

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