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.
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.
Topping the federal government's list of costs related to Hurricane Katrina is the $568 million in contracts for debris removal landed by a Florida company with ties to Mississippi's Republican governor. Near the bottom is an $89.95 bill for a pair of brown steel-toe shoes bought by an Environmental Protection Agency worker in Baton Rouge, La.
The Bush administration's economic plan would increase by 50 percent or more the deductions that small-business owners can take right away on the biggest sport utility vehicles and pickups.
Canadian National Railway faces one charge under Alberta's environmental protection act in connection with a train derailment at Lake Wabamun last summer.
Swedish companies have been accused of profiting excessively from the recent influx of refugees to Europe, taking advantage of the government expenditures of some $7 billion to house and support over 150,000 new immigrants this year.
Fresh from settling a lawsuit over last year's fatal explosion at its Texas City oil refinery, BP looks set to become embroiled in a legal battle in Alaska over royalties paid on oil production in Prudhoe Bay.