Energy, Mining & Utilities
The implications of Enron's dramatic fall extend far beyond US borders. The once-mighty energy giant's murky dealings in Latin America have emerged as a hot political issue throughout the region, where politicians in some countries are using it as an election tool or to take attention away from their own economic or political woes.
Fearing that increased fuel economy standards will doom the pickup trucks they produce, hundreds of General Motors Corp. workers chanted "Save our trucks, save our jobs," during a meeting Monday with union, company and political leaders.
Making a big splash in recent weeks, Science Applications International Corp. bought two companies, adding new capabilities in cybersecurity, energy and disaster recovery - areas in which government spending is expected to grow.
Indonesian prosecutors have launched the first stage of an appeal after Newmont Mining Corp's Indonesian unit was cleared in a high-profile pollution case two weeks ago, a court official said yesterday.
San Francisco On Sunday, June 1, Direct Action to Stop the War kicks off a week of activities culminating in protests at Bechtels headquarters in San Francisco and offices throughout the country. Activists will expose Bechtels role in both instigating and profiting off of the war against Iraq at the expense of both the Iraqi and American people. The activist demand that the humanitarian needs of the Iraqi people take precedence over corporate profits in the rebuilding effort and that the corporate invasion of Iraq and the Middle East be stopped.
Environmentalists are claiming victory following General Motors Corp.'s decision to quit a lobbying group that has led the opposition to a 1997 global warming treaty reached in Kyoto, Japan.
Farmers in Odisha are challenging POSCO, a South Korean steel giant. The confrontation is yet another David versus Goliath battle pitting "progress" against traditional agriculturists in a struggle to define development in India.
A U.S. court has refused to allow family members of three murdered Colombian union leaders the opportunity to sue Occidental Petroleum. The families claimed that the Los Angeles based company should be held responsible since it allegedly provided financial support for the military unit that killed the men.
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.