Property, Tourism & Transportation
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.
Blackstone Group, a major private equity firm, has bought up 200,000 houses in cities hardest hit by the economic meltdown. They hope to profit by renting homes to poor people and securitizing the cash flow - the very plan that caused the crisis in the first place.
Tony Blair admitted yesterday that there was a direct link between donating large sums of money to the Labour Party and being nominated for a seat in the House of Lords.
PRESIDENT Macapagal-Arroyo has offered to suspend the issuance of new mining permits to try to appease Roman Catholic bishops strongly opposed to the country's new Mining Act, a top Malacanang official said yesterday.
The fed is looking into contracts for evacuation of New Orleans awarded to the FAA and a transportation company with ties to Bush. Did the agency and the company do anything at all post-Katrina?
On April 3, 1997, six prisoners were roasted alive when the privately-operated van that was transporting them to Florida caught fire on I-40 near Dickson, Tennessee. Both of the guards in the van escaped serious injury.
Activists say fines paid by Volkswagen to settle the "Dieselgate" scandal should be paid into a fund to help vulnerable populations like school children and low income communities, as punishment for installing software in some 11 million vehicles to enable the cars to cheat on emissions tests.
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.
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.