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Published by Wall Street Journal | By Jenny Strasburg and Jesse Drucker | Friday, June 26, 2009

The Internal Revenue Service is demanding that hedge-fund and private-equity investors disclose hundreds of billions of dollars they have invested offshore, boosting scrutiny of accounts popular for tax advantages.

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Published by United Press International | By | Thursday, June 25, 2009

A report submitted this week to a court in Ecuador finding dangerous levels of contamination at oil wells Chevron says it cleaned up in the 1990s is expected to reinforce a fraud indictment against two Chevron lawyers in a $27.3 billion environmental lawsuit against the oil company.

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Published by Wall Street Journal | By Gina Chon | Wednesday, June 24, 2009

Next week, Iraqi officials will auction off oil contracts to foreign companies for the first time since Iraq nationalized its oil industry three decades ago. Some 120 companies expressed interest in bidding for the contracts, and thirty-five companies qualified. They include Exxon Mobil Corp., Royal Dutch Shell PLC, Italy's Eni SpA, Russia's Lukoil and China Petroleum & Chemical Corp., or Sinopec.

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Published by BBC News | By | Wednesday, June 24, 2009

Officials are meeting to review the Kimberley Process, amid criticism that the scheme, set up to certify the origin of diamonds to assure consumers that by purchasing diamonds they are not financing war and human rights abuses, is failing. The Kimberley Process emerged from global outrage over conflicts in countries like Liberia and Sierra Leone, largely funded by the plundering of diamond resources.

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Published by Wall Street Journal | By Christopher Rhoads and Loretta Chao | Monday, June 22, 2009

The Iranian regime has developed one of the world's most sophisticated mechanisms for controlling and censoring the Internet. The Iranian government appears to be engaging in a practice often called deep packet inspection. The monitoring capability was provided, at least in part, by a joint venture of Siemens AG, the German conglomerate, and Nokia Corp., the Finnish cellphone company.

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Published by Wall Street Journal | By Susan Pulliam and Tom McGinty | Monday, June 22, 2009

Many hedge funds were relieved when the Obama administration's financial-overhaul plan included no big surprises to the lucrative, secretive industry. In 2008, major hedge funds and their trade groups spent $6.1 million lobbying Washington, up from $4.2 million in 2007 and nearly seven times the $897,000 average from 2003 to 2006.

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Published by New York Times | By Diana B. Henriques | Monday, June 22, 2009

Three lawsuits filed on Monday provided new details about what regulators say went on inside Bernard L. Madoff's long-running Ponzi scheme, including information about who might have helped perpetuate the fraud for so long.

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Published by Wall Street Journal | By Rebecca Smith | Saturday, June 20, 2009

The U.S. Nuclear Regulatory Commission told six utility companies they have until year-end to explain plans to remedy shortfalls in nuclear decommissioning funds. The license holders receiving notice -- Exelon Corp., Entergy Corp., Constellation Energy Group Inc., FPL Group, First Energy and Tennessee Valley Authority -- include some of the industry's biggest names.

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Published by New York Times | By Edward Wong | Friday, June 19, 2009

After meeting with managers of the Chinese operations of Google on Thursday to warn them, the Chinese government disabled some search functions on the Chinese-language Web site of Google on Friday. Officials alleged the site was linking too often to pornographic and vulgar content.

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Published by New York Times | By Clifford Krauss | Friday, June 19, 2009

A U.S. Justice Department indictment unsealed Friday accused R. Allen Stanford of Stanford International Bank, based in the Caribbean money haven of Antigua, of operating a multibillion-dollar Ponzi scheme with the help of Antigua's top banking regulator, Leroy King.

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