Labor

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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
Published by
The Houston Chronicle
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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
Published by
Reuters
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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
Published by
The Chicago Tribune
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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
Published by
Chicago Tribune
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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
Published by
The Independent (UK)
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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
Published by
Reuters
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Italian fashion group Fendi S.R.L. sued Wal-Mart Stores in U.S. federal court on Friday, accusing the world's largest retailer of selling counterfeit handbags and passing them off as genuine at its Sam's Club warehouse stores. Read More
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