Technology & Telecommunications
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.
For the past 52 years, Fortune magazine has been publishing a list of the largest U.S. corporations, an annual chance for chief executives to brag that "my revenue is bigger than yours." For the past seven years, Business Ethics magazine has issued another kind of ranking -- a list of what it calls the "100 Best Corporate Citizens" -- that promotes virtue over size in the perennial game of corporate comparisons.
Amazon.com has come out swinging in its fight to stop a new unionization drive, telling employees that unions are a greedy, for-profit business and advising managers on ways to detect when a group of workers is trying to back a union.
Vodafone recently won a rare - but potentially very significant - victory over Indian tax authorities. The Bombay High Court dismissed the government demand for the company to pay 30 billion rupees (about $490 million) for a share transaction conducted in the offshore tax haven of Mauritius.
Bugging equipment from the Surveillance Group Limited, a British private detective agency, has been found in the Ecuadorean embassy in London where Julian Assange, editor of Wikileaks, has taken refuge. The spy devices have so far failed to foil the whistle blowing group's daring exploits to support Edward Snowden.
It is the new Cold War. The United States intelligence agencies, facing downsizing after the fall of the Berlin wall, have found themselves a new role spying on foreign firms to help American business in global markets.
Here are the Silicon Principles developed by Silicon Valley Toxics Coalition and Campaign for Responsible Technology providing a clear definition of a just and sustainable industry.
In the dot-com shakeout, Google has not only survived but reigns supreme. Web surfers have flocked to the service, effectively voting it the best search engine around. So powerful has Google become that many companies view it as the Web itself: If you're not listed on its indexes, they say, you might as well not exist. And if you don't advertise on Google or otherwise curry favor, critics add, you may never find out what it takes to get a prominent listing.