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Privatizing Asylum Housing: Serco and G4S Get UK Contracts
by Lily SmithCorpWatch Blog
May 8th, 2012
G4S and Serco – two private security contractors - have just been awarded multi-million pound contracts by the UK Borders Authority to provide housing to asylum seekers, edging out charities for the work. Activists are protesting, saying that G4S has a history of abusing immigrants and providing poor quality housing.

Hedge Funds Handed New Loophole to Make Money
by Pratap ChatterjeeCorpWatch Blog
May 7th, 2012
Hedge funds were just handed an opportunity to make even more money under a new law signed by President Barack Obama last month. Consumer advocates say that unsophisticated investors may be at risk as a result.

KLM's 'Green' Planes Fly Into Controversy
by Pratap ChatterjeeCorpWatch Blog
May 4th, 2012
KLM, the Dutch airline, has been forced to backtrack from a plan to use oil from jatropha seeds grown in Indonesia for commercial flights, after Friends of the Earth Netherlands put out a report criticizing the potential impact on local food supplies.

Fighting Malaria: Big Pharma or Better Aid Coordination?
by Pratap ChatterjeeCorpWatch Blog
May 2nd, 2012
Why don’t drug companies invest enough money in treating malaria and tuberculosis? A recent study published in the Lancet magazine estimates that 1,238,000 people died from malaria in 2010. Surely a wonder drug that stops these diseases would be wildly profitable?

Sweatships at Sea: Carnival Cruises Pay Below International Standards
by Pratap ChatterjeeCorpWatch Blog
May 1st, 2012
Carnival Cruise staff on UK ships are paid $1.20 an hour or $400 a month in basic wages, according to the Guardian newspaper. These workers lose their tips, ie roughly 15 percent of wages, unless they get at least a 92 percent favorable rating from customers.

Middle Eastern Investors “Grab” Sudan Farmland
by Pratap ChatterjeeCorpWatch Blog
April 30th, 2012
Dalla Al Baraka, a major Saudi conglomerate, has acquired two million acres of farmland in eastern Sudan, to produce food for export. While the investors are hoping to wean Saudi Arabia off imports from South America, such agreements have also caused concern among local Sudanese farmers.

Bankers Bonanzas Protested By Blue Eagles and A Cigar-Smoking Rat
by Pratap ChatterjeeCorpWatch Blog
April 27th, 2012
Protestors have rallied this week outside annual meetings of Barclays bank in London, Citibank in Dallas, Credit Suisse in Zurich and Wells Fargo in San Francisco. A surprising number of shareholders have rallied to their side to vote down excessive executive compensation, in an unexpected victory for the Occupy movement.

Facebook Lobbies Washington to “Like” Spying on Users
by Pratap ChatterjeeCorpWatch Blog
April 26th, 2012
Facebook, the social network behemoth that is about to become a multi-billion dollar company, has been lobbying for a proposed new U.S. law called the Cyber Intelligence Sharing and Protection Act (CISPA) that would allow companies to share information with government agencies.

North Dakota Shale Boom Displaces Tribal Residents
by Pratap ChatterjeeCorpWatch Blog
April 25th, 2012
A shale oil boom in North Dakota is displacing residents from the Fort Berthold Indian Reservation. Fires light up the sky every night as natural gas is flared off while the ground water has been contaminated with toxic chemicals.

Cashing in on Terrorism
by Anna FeigenbaumCorpWatch Blog
April 24th, 2012
"Is Rioting a Form of Urban Terrorism?" The headline for a press release was a provocative introduction to the annual Counter Terror Expo in Olympia, London, which opens this week. (April 25 & 26) Eight thousand visitors are expected to descend on 400 exhibitions of counter-terrorism technologies and services.

Lukoil Threatens Arctic Reindeer
by Pratap ChatterjeeCorpWatch Blog
April 23rd, 2012
An oil spill in northern Russia from a joint venture between Lukoil and Bashneft has damaged fragile reindeer pastures in yet another blow to the indigenous Nenets people. Environmental activists have warned about such disasters for decades but few precautions have been taken by the oil companies.

Bribing Mexico: Walmart Accused of Corruption
by Pratap ChatterjeeCorpWatch Blog
April 21st, 2012
Eduardo Castro-Wright, the former CEO of Walmart Stores USA, has been accused of orchestrating a $24 million bribery scheme to expand the company's presence in Mexico between 2002 and 2005. The alleged scheme involved a series of payoffs to Mexican city governments, according to an investigation by the New York Times

Lobbyists Pose Conflicts of Interest At European Food Agency
by Pratap ChatterjeeCorpWatch Blog
April 19th, 2012
Should lobbyists for biotech and food companies make the rules on what kind of food you have in your kitchen? Meet Mella Frewen, Suzy Renckens and Harry Kuiper: Three examples of how the industries take advantage of the European Food Safety Agency(EFSA) failure to properly regulate conflicts of interest.

Greenwashing Walmart
by Pratap ChatterjeeCorpWatch Blog
April 18th, 2012
Is Walmart going green? Mike Duke, the company’s CEO, says in a new 126 page report that the company is becoming more sustainable and responsible while “building meaningful, long-term change.” Activists disagree. Walmart’s “environmental impact has only grown over the last seven years” they say in a counter-report.

Glencore Allegedly Buys Copper From Ten Year Old Miners
by Pratap ChatterjeeCorpWatch Blog
April 17th, 2012
Children as young as ten in the Democratic Republic of the Congo, dig for cobalt and copper which they then sell to Switzerland-based Glencore, the world’s largest commodities company, according to a new BBC investigation.

Exploiting Indonesia: Adidas for London Olympics 2012
by Pratap ChatterjeeCorpWatch Blog
April 16th, 2012
Adidas, the German sportswear company, is making Olympics uniforms for the UK team at sweatshops in Tangerang city, near the main international airport of Jakarta, Indonesia. Young female workers are paid 5,000 rupiah (54 cents) an hour for a 65 hour work week, according to revelations made in the Independent newspaper.

Vampire Squid Update: SEC Fines Goldman For Huddles
by Pratap ChatterjeeCorpWatch Blog
April 13th, 2012
Goldman Sachs will pay out $22 million to the Securities and Exchange Commission to settle charges of insider trading. Company researchers were accused of holding weekly “huddles” with investment bankers and traders to provide them with stock tips for preferred clients.

Johnson & Johnson Fined $1.2 Billion for Drug Labeling Failure
by Pratap ChatterjeeCorpWatch Blog
April 12th, 2012
Johnson & Johnson has been fined $1.2 billion in Arkansas over the sales of Risperdal, an antipsychotic drug. A circuit judge ruled that the company did not warn patients that the drug places elderly patients with dementia at an increased risk of major weight gain, possible diabetes and potential death.

Peru’s Illegal Hardwood Timber Trade
by Pratap ChatterjeeCorpWatch Blog
April 11th, 2012
Grupo Bozovich - Peru's biggest hardwood exporter - has been accused of harvesting illegal timber, in a new report by the Environmental Investigation Agency. The Laundering Machine report claims that many of the timber certificates do not represent the actual source of the wood.

Lockheed, General Dynamics Face UK Bank Boycott Over Cluster Bombs
by Pratap ChatterjeeCorpWatch Blog
April 10th, 2012
Lockheed Martin and General Dynamics of the U.S. face divestment from major UK banks, for manufacturing cluster bombs. The Guardian newspaper has exclusively reported that Aviva, the UK’s largest insurance company; Scottish Widows (part of the Lloyds Banking Group) and the Co-op Bank will sell shares in these companies, following a similar move by the Royal Bank of Scotland last year.

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