Law & Regulation
Phoenix-based gun dealer George Iknadosian of X-Calibur Guns will go on trial on charges he sold hundreds of weapons, mostly AK-47 rifles, to smugglers, knowing they would go to a drug cartel in the western state of Sinaloa. The guns helped fuel the gang warfare in which more than 6,000 Mexicans died last year.
J. P. Morgan Chase announced that it had agreed to pay $2.2 billion to Enron investors who accused the bank of participating in the accounting scandal that led to Enron's collapse.
Prosecutors in Italy said Monday that former Parmalat Chief Executive Officer Calisto Tanzi was a flight risk and requested he be arrested. Tanzi has already been sentenced to a 10-year prison sentence on market-rigging charges and filing false reports with regulators in the wake of the collapse of Parmalat, the ANSA news agency reported
Bolivia has been ordered to pay $41 million to Rurelec, a UK energy company, in compensation for nationalizing the Guaracachi power plant in May 2010. The order represents a small profit for Rurelec which bought a 50.1 percent stake in 2006 but substantially less than what the company demanded.
A "healthy" number of companies have admitted paying bribes under a new World Bank disclosure program, which encourages firms that have worked on bank-funded projects to report corruption or fraud.
A television documentary has uncovered flaws in a series of carbon offsetting schemes intended to make good the global warming gases emitted by flights and other polluting activities.
West African cotton farmers are among those hardest hit by government subsidized corporate agriculture. This week in Hong Kong, trade ministers from the 148 members of the World Trade Organization meet to discusss this and other global free trade issues.
Introduction to a new CorpWatch report that shines a light on the role of six major banks in Greece, Ireland and Spain in the EuroZone crisis. "The EuroZone Profiteers" profiles Commerzbank, Depfa and Westdeutsche Landesbank from Germany; CrÃ©dit Agricole and SociÃ©tÃ© GÃ©nÃ©rale from France; together with Dexia - a Franco-Belgian financial institution.