Property, Tourism & Transportation
Takata, the Japanese auto parts maker, will pay a $1 billion fine to the U.S. government after pleading guilty to hiding information about the likelihood that the company’s car air bags could accidentally explode. Takata air bags have been linked to at least 17 deaths around the world.
Volkswagen, the German car maker, bowed to public pressure yesterday, saying it would abolish its controversial practice of paying salaries to employees who leave work for full-time politics.
The largest U.S. labor federation accused Wal-Mart Stores Inc. on Wednesday of using its lobbying muscle to oppose port safety measures because they would reduce profits.
The ports of Dubai make up some of the busiest commercial hubs in the world for the "global war of terrorism." Conveniently located between the Afghanistan and Iraq, Dubai is the ideal jumping-off point for military contractors and a lucrative link in the commercial supply chain of goods and people.
The United Nations Rio+20 Conference on Sustainable Development in Brazil concluded this past weekend with no new government pledges. On the other hand, multinationals scored a public relations victory by claiming that they will implement $50 billion of sustainable changes to help save the environment.
The developer of a new mall planned for Upstate New York vows that it will be the closest thing to an "Apollo Project" for renewable energy that America has ever seen -- one that grows the economy, strengthens national security by encouraging energy independence, and protects the environment.
Canadian National Railway faces one charge under Alberta's environmental protection act in connection with a train derailment at Lake Wabamun last summer.
The best known, most prestigious, and largest keiretsu, is the Mitsubishi Group of companies. Given the size and reach of its diverse activities, and due to the fact that it is more heavily focused in polluting industrial sectors than other keiretsu, the Mitsubishi Group may well be the single most environmentally destructive corporate force on Earth.
GlaxoSmithKline (GSK) has been accused of bribing doctors in China in order to boost sales. Chinese government officials say they have uncovered evidence of a bribery scheme involving 700 travel agencies who were used to funnel as much as three billion yuan ($480 million) in payments.