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.
Over 5 1/2 years, Republican and Democratic lawmakers accepted nearly $50 million in trips, often to resorts and exclusive locales, from corporations and groups seeking legislative favors, according to the most comprehensive study to date on the subject of congressional travel.
In 1996, Darius Mehri, a wide-eyed young American engineer, went to Japan to work for Toyota's production system. What he found was an abusive environment where the company controlled every movement - inside and outside work - of its employees.
A major Dutch arms manufacturer's bankruptcy revealed a secret deal to supply weapons to General Augusto Pinochet of Chile. The man behind the scheme is now a tax exile who appears to be immune from charges of bribery or tax evasion.
Rio Tinto has been named as early front-runner for the Greenwash Gold award for the worst Olympic sponsor, with BP in second place and Dow Chemical third. The three corporations have paid millions to stick their names all over Olympic promotional material and activities.
The sale of the Serbian brewery, Beogradska Industrija Piva, seen by some as a key step in economic reform, is being fought by the family that lost the firm when it was seized by communists.
Thirteen Czech environmental groups sent a letter to Ford Motor Company today demanding that it stop placement of a manufacturing plant on prime agricultural land in the Czech Republic. Ford is founder and 25 percent owner of NEMAK Co., which recently broke ground on the facility with an expected annual output of 1,600,000 engine heads.
SACRAMENTO, Calif. -- AOL Time Warner Inc. and Cendant Corp. were among 16 companies that contributed to the financial collapse of online real estate firm Homestore.com, a California retirement fund has alleged in a lawsuit.