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Nissan Motor Co. Monday announced plans to slash more than 20,000 jobs world-wide, shift production out of Japan and seek government assistance from Japan, the U.S. and elsewhere, part of a broad new effort by the Japanese car maker to weather the economic downturn.

In the context of global debate around the unfettered free-market system, UK Prime Minister Gordon Brown comes under fire from an Italian business association for not reining in wildcat labor strikes at the Lindsey oil refinery in Lincolnshire.

Politicians from all sides rounded on the state-supported Royal Bank of Scotland yesterday as the row intensified over the failed bank's apparent determination to share £1bn of bonuses among staff.

Business jet makers reeling from the US political attack on some of their highest profile corporate high fliers are being forced to make drastic cuts in production and jobs in the face of the deepening global recession.

Private military contractor KBR has been awarded a $35 million Pentagon contract involving major electrical work even though it is under criminal investigation in the electrocution deaths of at least two American soldiers in Iraq.

Swedish Match AB and Philip Morris International Inc. announced a joint venture Tuesday to market smokeless tobacco world-wide. The venture combines a world-wide giant in smokeless, Swedish Match, with the world's second-largest purveyor of cigarettes, PMI, an Altria Inc. spinoff.

In "HALLIBURTON'S ARMY: How a Well-Connected Texas Oil Company Revolutionized the Way America Makes War" (Nation Books; February 9, 2009; $26.95), muckraking journalist Pratap Chatterjee conducts a highly detailed investigation into Halliburton and its former subsidiary KBR's activities in Kuwait and Iraq, uncovering much new information about its questionable practices and extraordinary profits.

The first of about 8,000 lawsuits blaming the health problems and deaths of Florida smokers on tobacco companies went to trial Tuesday. The key to the case is proving whether now-deceased Stuart Hess was addicted to cigarettes made by Richmond, Va.-based Philip Morris, a unit of Altria Group.

Norway's Ministry of Finance announced Friday that it would exclude mining giant Barrick Gold and U.S. weapons producer Textron Inc from the country's pension fund for ethical reasons. This is an especially significant judgment for Canada, as Barrick Gold is currently Canada's largest publicly traded company.

Like other government functions, U.S. foreign aid and reconstruction largely has been privatized. USAID now turns to contractors to fulfill its basic mission of fighting poverty and promoting democracy. CorpWatch's 2006 "Afghanistan, Inc" documented problems with Chemonics and other contractors operating in Afghanistan.