Construction & Megaprojects
Halliburton, the oil field contractor, said second-quarter net income more than doubled on a gain from selling its government services and construction subsidiary, KBR.
In what is expected to be the first of a series of criminal charges against officials and contractors overseeing the rebuilding of Iraq, an American has been charged with paying hundreds of thousands of dollars in bribes and kickbacks to American occupation authorities and their spouses to obtain construction contracts, according to a complaint unsealed late yesterday.
Permission for Petrobras of Brazil to drill for oil in Yasuni National Park, one of the most biologically diverse places in the world, has been suspended, but some damage has already been done by Swedish construction giant Skanska. Unless new money is found to protect the forest, exploration may resume.
William J. Lynn, the man nominated to be the Pentagon's second-in-command could make a half-million dollars next month with vested stock he earned as a lobbyist for military contractor Raytheon. This is despite an Obama administration order against "revolving door" lobbyists who become public officials.
Destined for American kitchens, planks of birch and poplar plywood are stacked to the ceiling of a cavernous port warehouse. The wood, which arrived in California via a cargo ship, carries two labels: One proclaims "Made in China," while the other warns that it contains formaldehyde, a cancer-causing chemical.
A new ski complex is being constructed in the environmentally sensitive Seven Lakes region of the snow-capped Rila mountains of south-western Bulgaria. Yet authorities have not been able to produce any planning permits nor have the investors produced any documentation of who is funding the construction.
President Gloria Arroyo has ordered an investigation into reports that Filipino workers were forced to go to Iraq to work on the U.S. embassy there despite a ban on them traveling there. A report from the watchdog organization CorpWatch said that "other South Asians" were indeed working for First Kuwait Trading and Contracting in Iraq.
Some 230 staff are being paid to work at the new Fiona Stanley Hospital in West Australia, even though it will not open to patients till March 2015. The project has been labeled a "privatization disaster" and Serco, the contractor, has come under fire for the soaring costs.