Law & Regulation

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Physicists and other scientists have flooded Wall Street in recent years, known as "quants" because they do quantitative finance. They arrived on Wall Street in the midst of a financial revolution. Galloping inflation had made finances more complicated and risky, and it required sophisticated mathematical expertise to parse even simple investments like bonds. Read More

Bank of America chief executive, Kenneth D. Lewis, is trying to bridle Merrill Lynch traders, whose rush into risky investments nearly brought down the brokerage firm. But questions over the Merrill losses - in particular, who knew about them, and when - keep swirling. Read More

The auditor PricewaterhouseCoopers is overhauling its operations in India two months after starting an investigation into fraud at Satyam Computer Services, a software and outsourcing firm whose chairman said in January that he had falsely claimed assets of $1 billion in cash and overstated operating margins. Read More

When food industry giants like Kellogg want to ensure that American consumers are being protected from contaminated products, they rely on private inspectors. With government inspectors overwhelmed by the task of guarding the nation's food supply, the job of monitoring food plants has in large part fallen to an army of private auditors, and problems are rife. Read More

The band that loves to rail against global corporate malfeasance is being criticized at home over allegations of tax dodging. The controversy stems from 2006, when the band moved its publishing company to the Netherlands to avoid a potential multi-million-euro tax bill after the Irish government capped artists' tax-free earnings at €250,000 ($315,000). Read More

Countrywide Financial made risky loans to tens of thousands of Americans, helping set off a chain of events that has the economy staggering. So it may come as a surprise that a dozen former top Countrywide executives now stand to make millions from the home mortgage mess, buying up delinquent home mortgages that the government took over, sometimes for pennies on the dollar, at newly-formed PennyMac. Read More

Three villagers from the valley of Intag in northwestern Ecuador are suing Copper Mesa Mining Corporation and the Toronto Stock Exchange. They allege not enough has been done to reduce the risk of harm being faced by farmers and community leaders who have faced violent threats and attacks for opposition to a large open-pit copper mine in their pristine cloud forests. Read More

European Union governments delivered a blow Monday to the biotechnology industry, allowing Austria and Hungary to maintain national bans on growing genetically modified crops from Monsanto. The market for genetically engineered crops is worth several billion dollars worldwide. Read More

While the nation's economy flounders, business is booming for The GEO Group Inc., a private prison firm paid millions by the U.S. government. Behind the financial success and expansion of the for-profit security company, there are increasing charges of negligence, civil rights violations, abuse and even death. Read More