Advertising, Entertainment & Media
The sale of the Body Shop to the French cosmetics giant L'OrÃ©al last month has dented the reputation of the British high street retailer once vaunted as the champion of ethical beauty products.
The drop in U.S. demand for high-end jewelry in a slumping economy is having ripple effects around the globe as stores close, workers are laid off in mass in the diamond-polishing factories of Gujarat, and countries like Botswana experience a dramatic drop in diamond revenue.
Wal-Mart Stores, facing a raft of state legislation that would require it to increase spending on employee health insurance, will lift several of its long-standing - and most-criticized - restrictions on eligibility over the next year, the giant retailer said this morning.
Traffic International, a Brazilian sports media company, has been named as the source of at least $60 million in bribes paid to FÃ©dÃ©ration Internationale de Football Association (FIFA) officials, the organizers of the World Cup football tournament, to obtain media and marketing rights to international games.
So great is the official level of concern about AllofMP3 that American trade negotiators darkly warned that the Web site could jeopardize Russia's long-sought entry into the World Trade Organization.
A story authored by a prominent U.S. neo-conservative regarding new legislation in Iran allegedly requiring Jews and other religious minorities to wear distinctive colour badges circulated around the world this weekend before it was exposed as false. The article by a frequent contributor to the Wall Street Journal, Iranian-American Amir Taheri, was initially published in Friday's edition of Canada's National Post, which ran alongside the story a 1935 photograph of a Jewish businessman in Berlin with a yellow, six-pointed star sewn on his overcoat, as required by Nazi legislation at the time. The Post subsequently issued a retraction.
Michael D. Eisner, former chief executive of the Walt Disney Company, received $10.1 million in compensation last year, including a $9.1 million cash bonus, according to the company's annual proxy statement filed Wednesday.