THIS IS A PAGE ABOUT LABOR & HUMAN RIGHTS
Wal-Mart's plans to open its first New York City store at the southern tip of Staten Island have fallen through, company officials confirmed yesterday.
A former Waste Management Inc. chief financial officer was found liable Thursday for civil fraud and other securities violations that federal officials said caused investors to lose more than $6 billion.
Millard ''Mickey'' Drexler, Gap's chief executive, on Tuesday admitted that the company had ''misread fashion tea leaves'' and violated its own principle of ''keeping things simple'' in making a series of fashion mistakes that led to its reporting a $34m loss.
Nine of the financial firms that were recipients of federal bailout money paid about 5,000 of their traders and bankers bonuses of more than $1 million apiece for 2008, according to a report released Thursday by the New York attorney general. The report is certain to intensify the growing debate over how, and how much, Wall Street bankers should be paid.
A key witness has admitted under oath that he lied on behalf of Chevron, the California oil multinational, when the company sued to overturn a $9.5 billion verdict for pollution of the Ecuadorian Amazon.
Also yesterday, federal mine officials made public records of inspections done at the Sago Mine last year that concluded that mine supervisors had repeatedly failed to uncover dangerous conditions before starting a day's production.
Some of the world's largest energy groups are scrambling to acquire coal mining assets in Indonesia as family-run conglomerates consider divestments to raise cash. Peabody Energy, the US coal miner, and Xstrata, the Anglo-Swiss miner, are believed to be among those interested. Industry analysts said Chinese, South Korean, Indian and Middle Eastern companies were also scouring Indonesia for assets.
It's been ten years since British Petroleum launched an expensive ad campaign, re-branding its corporate image into the eco-friendly "BP: Beyond Petroleum." We said it then. When a company spends more on advertising its environmental friendliness than on environmental actions, that's greenwash. Three long weeks into the BP oil disaster roiling the Gulf of Mexico, CorpWatch's December 2000 skewering of its new image sadly, bears repeating.
A dozen Guatemalan workers filed a federal lawsuit Thursday accusing one of the nation's largest nurseries of engaging in human trafficking by forcing them to work nearly 80 hours per week, paying them less than minimum wage and denying them medical care for injuries on the job.
Natural Fruit, one of Thailand's largest pineapple processors, has sued Andy Hall, a British researcher, over a report that he worked on for Finnwatch on labor abuses in the industry. Hall faces some seven years in jail and $10 million in fines.