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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.

Green Tribunal Weighs Multinational Projects in India
by Pratap ChatterjeeCorpWatch Blog
April 9th, 2012
Two controversial multinational projects in Orissa, an eastern Indian state, face high level decisions in the next few weeks: a bauxite mine in the Niyamgiri hills planned by Vedanta of the UK and an iron and steel refinery in Jagatsinghpur being developed by POSCO of South Korea.

Renewable Energy Projects Generate Opposition in Puerto Rico
by Carmelo Ruiz-MarreroCorpWatch Blog
April 8th, 2012
Puerto Rican citizen groups are protesting two renewable energy projects: a 30 megawatt solar energy project in Yabucoa by Western Wind Energy corporation from Vancouver and a 75 megawatt windmill array in Santa Isabel by Pattern Energy of San Francisco. The reason: these projects will threaten scarce farm land on the food dependent island.

Mining Maverick Resigns from Rainmaking at JP Morgan
by Pratap ChatterjeeCorpWatch Blog
April 5th, 2012
Ian Hannam, a senior JP Morgan banker and ex-soldier, who helped finance a number of flamboyant and controversial mineral extraction projects from India to Tanzania over the last couple of decade, has resigned, after being fined $720,000 for insider trading by the UK Financial Services Authority.

Chiquita Banana To Face Colombia Torture Claim
by Pratap ChatterjeeCorpWatch Blog
March 30th, 2012
Chiquita, the global banana producer, was ordered to face a federal court over their role in paying off right wing death squads in Colombia that are alleged to have used “random and targeted violence” against villagers in exchange for financial assistance and access to Chiquita’s private port.

Fracking South Africa
by Pratap ChatterjeeCorpWatch Blog
March 29th, 2012
The Karoo desert in the Western Cape region of South Africa is threatened by companies like Shell, the Anglo-Dutch oil company, Falcon Oil & Gas and Bundu Oil & Gas that want to frack for natural gas.

Deadly Blow to Death Penalty Drugs
by Pratap ChatterjeeCorpWatch Blog
March 28th, 2012
U.S. imports of sodium thiopental have been banned by a federal judge because of the poor quality of imports. The ruling has struck a serious blow against the death penalty because of the key role the drug plays in lethal injections. Not surprisingly, the state of Texas is furious.

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