Chemicals & Manufacturing
Residents took to the streets of Chengdu to protest a $5.5 billion ethylene plant under construction by PetroChina, reflecting a surge in environmental awareness by urban, middle-class Chinese determined to protect their health and the value of their property.
A Chinese facility that hasn't been inspected by the U.S. Food and Drug Administration made the active ingredient in much of the widely used Baxter International Inc. blood-thinner that is under investigation after reports of hundreds of allergic reactions and four deaths among the drug's users, the agency said yesterday.
After Nike's recent disclosure of the names and locations of 705 independent contract factories in its network, a plant visit reveals significant improvements since the 1990s.
The second article in our series on Global Compact companies focuses on Nike. This article, based on ''Still Waiting for Nike to Do It,'' a recent report published by Global Exchange in San Francisco, finds that Nike continually fails to uphold ''freedom of association and the effective recognition of the right to collective bargaining,'' which is Principle 3 of the Global Compact. Nike made a commitment to respect this right in 1997 when it signed the Fair Labor Association voluntary workplace code of conduct along with other giant shoe and garment manufacturers like Reebok, Adidas, Liz Claiborne and Patagonia. This article covers the period since 1997.
The CEOs of three-quarters of the world's 100 largest companies have just completed an uncomfortable weekend at the tiny Swiss ski resort of Davos, while their companies' share prices nosedived on global stock markets, amid concern that the U.S. economy is staggering towards recession.
In a combative and sometimes colorful annual meeting, Chevron's CEO and chairman exchanged barbs with activists over pollution in the Amazon rain forest and the company's human rights record. The nation's second-largest oil company is awaiting a verdict from a judge in Ecuador that could come with a $27 billion price tag.
Residents of the town of Blackwell, Oklahoma have brought a class action lawsuit against mining giant Freeport McMoRan. The plaintiffs say that the company's zinc smelter, which closed in 1974, left a toxic legacy in the town, including contaminated sand from the smelter that was given away for free.
Former shareholders of Tyco International Ltd., whose former chief executive and chief financial officer were convicted of fraud, have been certified as a class to sue the company and its accounting firm, PricewaterhouseCoopers.
Hong Kong supermarkets have halted some vegetable sales amid a new food scare after pressure group Greenpeace accused grocery chains of selling produce tainted with dangerous levels of pesticides.
Stora Enso - a Swedish paper manufacturing giant - has been blacklisted after investigations into its supply chain in Pakistan showed that the company was knowingly using child labor. In March, AP7, a major Swedish pension fund, sold off its $4.1 million stake in Stora.