Law & Regulation
Violations of the Clean Water Act have risen steadily across the nation, an extensive review of water pollution records by The New York Times found. Polluters include small companies, like gas stations, dry cleaners, and shopping malls. They also include large operations, like chemical factories, power plants, sewage treatment centers and one of the biggest zinc smelters, the Horsehead Corporation of Pennsylvania.
The FBI has just released an ad featuring the fictional character Gordon Gekko from the "Wall Street" films to target insider trading. Increasingly, however, it seems that Scotland Yard needs a similar campaign for the City of London, which has become the center for the mantra "Greed is Good."
Two senior Tanzanian officials were arrested after they failed to produce details of 26 multi-billion dollar agreements signed with Statoil of Norway; the BG Group and Ophir from the UK; and ExxonMobil from the U.S. Opposition politicians want assurances that the money will be spent in a transparent manner.
In a Securities and Exchange Commission filing, Morgan Stanley said it had fired an executive in its China real estate division after uncovering evidence that he might have violated the United States Foreign Corrupt Practices Act, which bars American business people from bribing foreign officials.
A federal judge in Brooklyn decided on Friday to unseal confidential materials about Eli Lilly's top-selling antipsychotic drug Zyprexa, citing "the health of hundreds of thousands of people" and "fundamental questions" about the way drugs are approved for new uses.
Interview with CorpWatch managing editor Pratap Chatterjee, on his forthcoming book, "Halliburton's Army," published by Nation Books and available in books stores on February 2, 2009.
Four years after the company's ignominious collapse, Enron's former top executives are about to head to a climactic criminal trial later this month, serving as a reminder that changes in the behavior of many American companies have been more muted than many once expected.
A lawsuit against Victor Dahdaleh, a Canadian-British billionaire, for allegedly paying Â£39 million ($65 million) in bribes to win supply contracts worth Â£2 billion ($3.2 billion) from Aluminium Bahrain (Alba) has collapsed.
South Africans have been denied the "biggest advance" in antiretroviral therapy over the last few years because of a lack of urgency in the drug registration process in South Africa, according to the Treatment Action Campaign.