Labor

Apollo Group Inc., a for-profit education company whose schools include the University of Phoenix, said yesterday that it had received a subpoena from the United States attorney's office for the Southern District of New York, related to stock option grants. Read More

Four executives of energy company Scottish Power cost the company £11m in severance pay when they left their jobs over the past year, the group's annual report revealed yesterday. The payouts were immediately condemned as "obscene" by the Scottish National party's energy spokesman, Richard Lochhead. Read More

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. Read More

Apple is investigating a newspaper report that staff in some of its Chinese iPod factories work long hours for low pay and in "slave" conditions. Read More

A Houston-based subsidiary of Schlumberger, the world's largest oilfield services company, has agreed to pay $19.6 million in penalties for "knowingly submitting fraudulent visa applications" for foreign workers assigned to vessels operating in the Gulf of Mexico, according to a statement from the U.S. Dept. of Justice. Read More

Wal-Mart Stores Inc. (WMT.N) could significantly increase employee wages and benefits without raising prices, and still earn a healthy -- albeit smaller -- profit, research released on Thursday concluded. Read More

The Labor Department has sued Goodyear Tire & Rubber Co., alleging hiring discrimination against hundreds of women who sought jobs at one of its plants in Virginia in the late 1990s. Read More

Oil giant Shell has been accused of operating platforms in the North Sea at dangerously high risk levels. Read More

A Wal-Mart official said Monday that his firm could be interested in building "10 or 20" stores on city sites during the next five years, but he added that passage of a minimum wage measure by Chicago's City Council could have a chilling effect on the company's plans. Read More

Lord Browne, the chief executive of BP, is facing a possible grilling by the US federal safety watchdog over last year's explosion at the oil giant's Texas refinery, which killed 15 people. Read More