Morgan Stanley, a major U.S. investment bank, was well aware of the problems in the sub-prime mortgage market as far back as 2005, according to documents just released in a New York court under a lawsuit brought by the China Development Industrial Bank from Taiwan.
Workers at a factory in American Samoa that made apparel for the J. C. Penney Company and other retailers were often beaten and were provided food so inadequate that some were ''walking skeletons,'' a Labor Department investigation has found.
Bradley C. Birkenfeld was sentenced to 40 months in prison for helping rich Americans dodge their taxes, his sentence reduced in turn for informing on Swiss banking giant UBS. Now, with the help of the National Whistleblower Center, he and his lawyers hope to use a new federal whistle-blower law to claim a multibillion-dollar reward from the American government.
Peace cannot be sustained in Sierra Leone until controls are imposed on the illegal selling of diamonds used to finance its civil war, according to a recent study.
Feeling brainy? Than this article about the "financialization" of almost every aspect of modern life will help explain how we got to a place where obscene executive pay packages, Ken Lay, exploding consumer debt and the widening gap between rich and poor, and why it won't last. Or something.
Two of three foreign spokesmen for the alternative People's Summit, which opened in Quebec City yesterday, were detained for questioning by Canadian immigration officials and granted limited visas to enter Canada.
Karuturi Global and Saudi Star have leased thousands of hectares of land from the Ethiopian government for agricultural development. Critics says these projects have displaced traditional farmers and subsistence crops.
As the outsourcing of jobs has become a hot election year issue in the US, call centers in India continue to multiply. Local workers answer calls for US corporations at a fraction of the cost of an American worker.
Evergrande Real Estate Group, now mired in debt, has become a symbol of China's go-go era of investing, when international bankers, private equity deal makers and hedge fund managers from Merrill Lynch, Deutsche Bank and others rushed here hoping to cash in on the world's biggest building boom.