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by Pratap ChatterjeeCorpWatch Blog
August 15th, 2015

“Project Omega” Reveals Secrets Of Dark Pools Stock Trading
by Pratap ChatterjeeCorpWatch Blog
August 14th, 2015
Investment Technology Group (ITG), a U.S. stock broker, paid a $20.3 million fine for running a secret operation named Project Omega to take advantage of “dark pools” trading orders made by its clients. Experts say that Barclays and Credit Suisse may also soon pay fines for dark pools trading scams.

Music Video Asking Unilever to Clean Up Mercury Waste in India Goes Viral
by Pratap ChatterjeeCorpWatch Blog
August 7th, 2015
A music video asking Unilever, an Anglo-Dutch consumer goods giant, to clean up mercury waste from their former Indian factory notched up two million views in less than a week, prompting a reply from the company CEO. 'Kodaikanal Won't,’ the video by Sonia Ashraf, parodied Nicki Minaj’s song 'Anaconda.’

Soma Oil & Gas Faces UK Criminal Investigation for Somalia Deals
by Richard SmallteacherCorpWatch Blog
August 5th, 2015
British regulators are investigating Soma Oil & Gas, a UK-based company, for allegedly paying bribes to the Somali government in exchange for exploration rights. Under scrutiny is the payment of $580,000 for “capacity building arrangements” at the Ministry of Petroleum in Mogadishu, according to Financial Times sources.

Outsourcing the Kill Chain: Eleven Drone Contractors Revealed
by Pratap ChatterjeeCorpWatch Blog
August 3rd, 2015
Hundreds of private sector intelligence analysts are being paid to review surveillance footage from U.S. military drones in Central Asia and the Middle East, according to a new report from the Bureau of Investigative Journalism.

Shell’s Plans to Drill for Oil in the Arctic Blocked by Greenpeace Climbers
by Richard SmallteacherCorpWatch Blog
July 31st, 2015
Greenpeace temporarily blocked Shell from drilling for oil in the Arctic by blocking the path of a specialized ice-breaking ship in Portland, Oregon. Thirteen climbers suspended themselves from a bridge while hundreds of local supporters paddled below in kayaks forcing the company to delay operations for almost two days.

Drugs Tested By GVK Biosciences Banned From European Union
by Pratap ChatterjeeCorpWatch Blog
July 27th, 2015
Hundreds of drugs tested in India have been banned from sale in the European Union after French inspectors found flaws in clinical trials conducted by GVK Biosciences, a company based in Hyderabad. The Indian government has threatened to take legal action against the ban under international trade rules.

French Tribunal Investigates Qosmos Over Surveillance Software Use In Syria
by Fatima HansiaCorpWatch Blog
July 21st, 2015
Qosmos – a French technology company – is being investigated for acting as an “assisted witness” in alleged torture in Syria. The specialized crimes unit of the Paris Tribunal has agreed to study the use of Qosmos surveillance software by Bashar Al-Assad’s regime, following complaints filed by two human rights NGOs.

Agrica’s Tanzania Rice Scheme Has Devastated Local Farmers, Say NGOs
by Richard SmallteacherCorpWatch Blog
July 7th, 2015
A flagship rice plantation in Tanzania run by UK investors has allegedly destroyed the livelihoods of local smallholder farmers, driven them into debt and impacted the local environment, according to a new report published by the Oakland Institute. The report was co-authored with Greenpeace Africa and Global Justice Now.

EuroZone Profiteers: How German and French Banks Helped Bankrupt Greece
by Pratap ChatterjeeCorpWatch Blog
June 29th, 2015
Almost none of the huge amount of money “loaned” to Greece has actually gone there, writes Joseph Stiglitz, former World Bank chief economist. CorpWatch's EuroZone Profiteers report sheds light on how some of it was used to pay off bad loans made by private-sector banks in France and Germany.

Pemex Secretly Expanding Fracking In Mexico, Say Activists
by Richard SmallteacherCorpWatch Blog
June 26th, 2015
Petróleos Mexicanos (Pemex), the state owned oil company, is quietly expanding operations to extract oil from shale deposits in six Mexican states. However, the company has failed to disclose its use of a controversial technology called fracking and explain the potential environmental impacts to local communities, say activists.

Uber Plans to Track Users Should Not Be Allowed, Says Privacy Group
by Pratap ChatterjeeCorpWatch Blog
June 22nd, 2015
A formal complaint has been filed against Uber, the car ride company, by the Electronic Privacy Information Center (EPIC), a non-profit advocacy group. The NGO says Uber plans to use their smart phone app to access user’s locations at all times, and to send advertisements to user’s contact lists.

Nestle Recalls 400 Million Packets of Instant Noodles in India
by Richard SmallteacherCorpWatch Blog
June 18th, 2015
Nestle says that it will destroy 400 million packets of Maggi brand instant noodles in India worth some Rs 320 crores ($50.5 million). The company made the announcement after the Food Safety and Standards Authority of India found “hazardous” levels of lead in company products and ordered legal action.

Soco International Accused of Paying Bribes for Congo Oil Exploration
by Richard SmallteacherCorpWatch Blog
June 12th, 2015
Shareholders have demanded that the CEO of Soco International be fired after handwritten receipts for $42,250 in alleged bribes to Congolese army officials were published by Global Witness. At the time, the UK company was exploring for oil in Virunga, a United Nations World Heritage site in eastern Congo.

Traffic, Brazilian Sports Company, at Center of World Cup Football Scandal
by Pratap ChatterjeeCorpWatch Blog
June 8th, 2015
Traffic International, a Brazilian sports media company, has been named as the source of at least $60 million in bribes paid to Fédération Internationale de Football Association (FIFA) officials, the organizers of the World Cup football tournament, to obtain media and marketing rights to international games.

Tobacco Companies Ordered to Pay C$15.6 Billion to Quebec Smokers
by Richard SmallteacherCorpWatch Blog
June 4th, 2015
Over one million people in the Canadian province of Quebec will receive a total of C$15.6 billion ($12.5 billion) in damages for smoking related diseases from three of the biggest tobacco companies in the country. The settlement is the result of a 17 year long court battle.

Retailer SportsDirect Accused of Sweatshop Like Conditions in the UK
by Pratap ChatterjeeCorpWatch Blog
June 1st, 2015
SportsDirect, a British sports merchandise retailer, has been accused of employing workers in sweatshop like conditions by Channel Four Dispatches, a UK TV program. The broadcaster aired undercover footage shot by a reporter at the company’s Shirebrook warehouse in northern England.

Majority of U.S. Congress Failed to Take Action on Corporate Accountability in 2014
May 28th, 2015
The majority of the U.S. Congress took no action at all in 2014 in favor of holding corporations accountable and reining in corporate power – scoring a zero on the newly released Corporate Accountability Coalition (CAC) Congressional Report Card.

Six Banks Pay $5.6 Billion in Fines for Foreign Exchange Manipulation
by Richard SmallteacherCorpWatch Blog
May 22nd, 2015
Six major international banks – Bank of America, Barclays, Citibank, JPMorgan Chase, Royal Bank of Scotland (RBS) and Union Bank of Switerland (UBS) – have agreed to pay $5.6 billion in fines for rigging global foreign exchange markets. Four of the six have pleaded guilty to criminal behavior, an unprecedented admission.

DaVita Pays $895 Million To Settle Kidney Treatment Fraud Claims
by Richard SmallteacherCorpWatch Blog
May 14th, 2015
DaVita, a company that provides health care to patients with kidney problems, has agreed to pay $495 million to settle whistleblower complaints that the company conspired to overcharge the U.S. government. This is in addition to the $400 million that the company had to pay out last year.

Australian “Free Range” Chicken Company Alleged to Use Exploited Labor
by Pratap ChatterjeeCorpWatch Blog
May 11th, 2015
Baiada, one of Australia’s biggest poultry producers, has been accused of using labor contractors that under pay and exploit foreign visitors on temporary work permits. The company sells Steggles and Lilydale Free Range Chickens to supermarket and fast food chains like Aldi, Coles, KFC and Woolworths.

BP Sued By Mexican Fishing Businesses for Deepwater Horizon Spill
by Richard SmallteacherCorpWatch Blog
May 7th, 2015
British Petroleum (BP) has been sued by some 25,000 Mexican fishing businesses over the 2010 Deepwater Horizon disaster in the Gulf of Mexico. The company says it has paid $1.8 billion in compensation to U.S. businesses but has yet to offer money to those affected south of the border.

Fishing Community Sues World Bank Over Tata Mundra Power Plant
by Pratap ChatterjeeCorpWatch Blog
May 1st, 2015
An Indian fishing community is suing the World Bank in Washington DC over the environmental damage caused by a coal powered plant owned by Tata Power, the largest electricity company in India. The 4,150 megawatt plant is located in the port city of Mundra in Gujarat state.

Deutsche Bank Pays $2.5 Billion Fine For Interest Rate Rigging
by Pratap ChatterjeeCorpWatch Blog
April 27th, 2015
Deutsche Bank has agreed to pay out a record $2.5 billion fine to settle U.K. and U.S. government investigations into allegations of fixing global interest rates, just months after six other banks paid out $4.3 billion on similar charges. Activists say that the banks should have faced criminal charges.

Swedish Paper Manufacturing Giant Blacklisted for Child Labor Practices
by Fatima HansiaCorpWatch Blog
April 20th, 2015
Stora Enso – a Swedish paper manufacturing giant – has been blacklisted after investigations into its supply chain in Pakistan showed that the company was knowingly using child labor. In March, AP7, a major Swedish pension fund, sold off its $4.1 million stake in Stora.

Ernst & Young Pays $10 Million To Settle Lehman Brothers Audit Failure Lawsuit
by Pratap ChatterjeeCorpWatch Blog
April 16th, 2015
Ernst & Young, one of the Big Four auditing firms, has agreed to pay a $10 million to New York state to settle a lawsuit for overlooking accounting gimmicks by Lehman Brothers, the defunct Wall Street bank. The scheme allowed Lehman to hide billions of dollars in bad deals.

UNIQLO, Japanese Fast Fashion Label, Accused of Labor Violations
by Mayu ChangCorpWatch Blog
April 13th, 2015
Chinese factories in Dongguan and Guangzhou that supply UNIQLO - a “fast fashion” label owned by Fast Retailing Co. from Japan - have been accused of endangering their workers’ lives, according to a new report from Students and Scholars Against Corporate Misbehavior (SACOM), a Hong-Kong based labor rights group.

Barrick Gold Compensates Rape Victims in Papua New Guinea
by Richard SmallteacherCorpWatch Blog
April 2nd, 2015
Barrick Gold, the world’s largest gold mining company, has agreed to compensate 14 individuals for violent acts committed near the Porgera mine in Papua New Guinea. Eleven of the cases involved sexual violence such as rape. Some 120 others had previously accepted cash settlements of about $10,000.

Vinci Accused Of Labor Violations on Qatar Construction Contracts
by Richard SmallteacherCorpWatch Blog
March 27th, 2015
Sherpa, a French NGO, has asked courts to investigate Vinci, a French construction company, for violation of migrant workers rights in Qatar. QDVC, a Vinci subsidiary, has €2.2 billion ($2.3 billion) in infrastructure contracts for the 2022 World Cup soccer tournament including a new subway and an orbital highway.

Asylum Seekers Protest Mitie Management of U.K. Detention Center
by Pratap ChatterjeeCorpWatch Blog
March 13th, 2015
U.K. asylum seekers have gone on hunger strike to protest living conditions at Harmondsworth immigration detention centre, which is run by Mitie, a British outsourcing company. The protests come months after Mitie took over from the Geo Group whose contract was canceled after prison authorities found repeated problems.

Florida Tomato Pickers Sign Up New Major Retail Chains For Higher Wages
by Fatima HansiaCorpWatch Blog
March 10th, 2015
The Fresh Market, a major U.S. retail chain, recently joined the Coalition of Immokalee Workers’ Fair Food Program, adding another victory in the battle for humane working conditions for tomato pickers in Florida’s $650 million industry. Thirteen companies including Burger King, McDonald's and Walmart have signed up so far.

Bangladeshi Tribals Evicted For Tea Plantation Expansion
by Pratap ChatterjeeCorpWatch Blog
March 6th, 2015
Syed Tea and Land, a Bangladeshi company, has been accused of using armed men to evict ethnic minority communities in order to expand a tea plantation in Sreemangal in northeastern Bangladesh. The expansion will impact Kandas, Khasis and Tantis who have lived in the area for a century.

Details Of Tax Avoidance Schemes For Wealthy HSBC Clients Revealed
by Mayu ChangCorpWatch blog
February 27th, 2015
A cache of secret documents has thrust HSBC, the world’s second largest bank, into the limelight for helping international clients dodge taxes. A series of articles published by the International Consortium of Investigative Journalists is finally pushing reluctant governments to act almost eight years after the original leaks.

Austrian Catering Company Accused of Discriminating Against Hungarian Employees
by Nicolas KrotzCorpWatch Blog
February 25th, 2015
Do & Co. AG, an Austrian catering company, has been accused of paying its Hungarian staff one third of what it pays Austrian citizens for the same jobs. The employees work on trains operated by the Austrian state railway company making trips between countries in central Europe.

Apple Agrees To Chinese Government Security Audits, Worrying Activists
by Mayu Chang
February 11th, 2015
Apple has agreed to allow the Chinese government run security audits on the new iPhone to prove that there is no back door access for the U.S. government. However, activists say that this agreement could have the opposite effect, allowing China to broaden spying on its own people.

U.S. Government Buys Surveillance Technology To Track Drivers in Real Time
by Pratap ChatterjeeCorpWatch Blog
February 9th, 2015
Local government officials have the ability to track individual drivers in the U.S. in real time and take pictures of the occupants of their vehicles, with new “truly Orwellian” technology purchased from companies like Vigilant Solutions, according to new documents uncovered by the American Civil Liberties Union.

Shell Pays Niger Delta Community $84 Million To Settle Pollution Claims
by Fatima HansiaCorpWatch Blog
February 5th, 2015
The Bodo community in the Niger delta will get £55 million ($84 million) to settle claims of environmental pollution by the Nigerian subsidiary of Shell, the Anglo-Dutch oil giant. Despite the relatively large settlement, many other pollution claims by Nigerian communities affected by Shell remain unresolved.

Australian Uranium Mining Company Accused of Contaminating Lake Malawi
by Mayu ChangCorpWatch Blog
January 28th, 2015
Paladin Energy, an Australian mining company, has been accused of discharging uranium-contaminated sludge into Lake Malawi, which supports 1.7 million people in three countries – Malawi, Mozambique and Tanzania. The company began uranium mining operations in Malawi in 2009 although it suspended operations last year after ore prices fell.

Brazilian Truth Commission Alleges Volkswagen Had Ties To Former Military Junta
by Nicolas KrotzCorpWatch Blog
January 26th, 2015
Volkswagen's subsidiary in Brazil has been accused of providing material support for torture conducted by the military dictatorship during its 21 year reign from 1964 to 1985. Details of the role of the German car manufacturer emerged in the final report of a national Truth Commission issued last month.

Subsidizing Contractor Misconduct: Alma's Story
by Chris ThompsonSpecial to CorpWatch
January 21st, 2015
When Alma Aranda tried to exercise her legal right to take unpaid time off to care for her dying mother, Verizon harassed her with so much paperwork that her hair fell out. In a new CorpWatch investigation into federal contractors who violate workers rights, Chris Thompson tells her story.

Kazakh Oil Consortium Accused of “Mass Poisoning” of Village School Children
by Fatima HansiaCorpWatch Blog
January 14th, 2015
A Kazakh oil consortium has been accused of “mass poisoning” after 25 school children and four teachers passed out almost simultaneously at a school in Berezovka village in northwest Kazakhstan. The incident is the latest in a decade of allegations of pollution caused by the neighboring Karachaganak oil field.

Subsidizing Contractor Misconduct
by Chris ThompsonSpecial to CorpWatch
January 7th, 2015
Every year, the U.S. government awards billions of dollars in federal contracts to companies who routinely violate basic legal rights of workers. This new report profiles three individuals who were harmed by Imperial Sugar, Tyson Foods and Verizon and explains a new presidential order that could help reduce abuses.

Saudi Star To Restart Rice Project on Disputed Anuak Lands in Ethiopia
by Fatima HansiaCorpWatch Blog
December 30th, 2014
Saudi Star Agricultural Development plans to pump $100 million into a rice export project in Gambella region of Ethiopia despite allegations of human rights violations surrounding the “villagization” program under which the land has been taken from indigenous Anuak pastoralists to lease to foreign investors. 


Families of Murdered Colombians Lose U.S. Lawsuit Against Occidental Petroleum
by Pratap ChatterjeeCorpWatch Blog
December 15th, 2014
A U.S. court has refused to allow family members of three murdered Colombian union leaders the opportunity to sue Occidental Petroleum. The families claimed that the Los Angeles based company should be held responsible since it allegedly provided financial support for the military unit that killed the men.

Mega First of Malaysia Under Fire for Lao Dam Construction Plan
by Rozali TelbisCorpWatch Blog
December 12th, 2014
Plans for the Don Sahong dam in southern Laos have come under renewed fire from environmental activists. This week activists boycotted a regional consultation on the dam, just eight weeks after filing a formal request for an investigation of Mega First Corporation, the company that has the construction contract.

U.S. Attorneys General Form Secret Alliance To Help Energy Companies
by Pratap ChatterjeeCorpWatch Blog
December 8th, 2014
Major energy companies have effectively created a secret law firm of conservative attorneys general to persuade Washington lawmakers to gut environmental regulations, according to an investigation by the New York Times. In return, these senior government officials have received millions of dollars to help them win political campaigns.

U.S. Government Fails to Act on JP Morgan Whistleblower's Evidence
by Richard SmallteacherCorpWatch Blog
December 5th, 2014
A whistleblower has stepped forward to provide evidence that executives at JP Morgan, a major Wall Street bank, were aware that the bank was selling bad mortgages – but she says that the U.S. government has failed to do anything with the evidence that she has provided to them.

Mexican President Accepted Favors From Construction Contractor Grupo Higa
by Richard SmallteacherCorpWatch Blog
December 1st, 2014
A $3.7 billion contract to build a high-speed rail link between Mexico city and the city of Queretaro has been canceled after Enrique Peña Nieto, the Mexican president, was alleged to have accepted favors from Grupo Higa, a Mexican construction company that was a member of the winning consortium.

Argentina and Belgium Accuse HSBC of Aiding Tax Evasion
by Pratap ChatterjeeCorpWatch Blog
November 28th, 2014
Argentina and Belgium have separately accused HSBC bank's Geneva branch of setting up a network of offshore accounts to help their citizens avoid paying billions of dollars in taxes. The charges are apparently based on a trove of documents provided by Hervé Falciani, a former HSBC employee turned whistleblower.

Adani Gets Billion Dollar Loan for Australian Mega Coal Project
by Richard SmallteacherCorpWatch Blog
November 26th, 2014
Adani Enterprises has been offered a $1 billion loan by the State Bank of India to support a mega coal mining project in the Galilee basin in central Queensland, Australia. Environmentalists say that the accompanying industrialization is likely to severely impact the Great Barrier Reef, 400 kilometres away.

Firestone Tire's Role in Funding Liberian Warlord Revealed
by Pratap ChatterjeeCorpWatch Blog
November 19th, 2014
Firestone, a U.S. tire company, paid out millions of dollars to Charles Taylor, a Liberian warlord in the 1990s, despite knowing about his brutal human rights record, according to documents uncovered by ProPublica, an investigative journalism website. Taylor is now serving a 50 year prison sentence for war crimes.

European Supermarkets Defend Low Wages To Moroccan Tomato Pickers
by Mayu ChangCorpWatch Blog
November 12th, 2014
Tomato pickers in Morocco – who supply fresh produce during the winter to big European supermarket chains like Albert Heijn in the Netherlands and Sainsbury’s and Tesco in the UK – are paid poverty wages, according to a new report from Fairfood International.

Uruguay Presents Defense Against Philip Morris Tobacco Lawsuit
by Richard SmallteacherCorpWatch Blog
November 10th, 2014
Uruguay has presented a 500 page document to defend itself against an international lawsuit challenging the country's tough tobacco packaging regulations. The claim was brought by Philip Morris, the global tobacco giant, at the World Bank's International Centre for Settlement of Investment Disputes (ICSID) in Washington DC.

Tanzanian Officials Arrested For Failure to Publish Natural Gas Contract Details
by Pratap ChatterjeeCorpWatch Blog
November 7th, 2014
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.

Indian Government Loses Major Tax Case to Vodafone
by Mayu ChangCorpWatch Blog
November 4th, 2014
Vodafone recently won a rare – but potentially very significant – victory over Indian tax authorities. The Bombay High Court dismissed the government demand for the company to pay 30 billion rupees (about $490 million) for a share transaction conducted in the offshore tax haven of Mauritius.

New European Commission Marred By Corporate Conflicts of Interest
by Pratap ChatterjeeCorpWatch Blog
November 2nd, 2014
The newly elected president of the European Commission and his cabinet - who together form the central executive body for the 28 member states of the European Union - have deep ties with powerful corporate interests that make them poor choices to support citizen rights, say critics.

Major Banks Prepare to Pay Billions For Foreign Exchange Manipulation
by Richard SmallteacherCorpWatch Blog
October 31st, 2014
Multinational banks are preparing to pay out billions of dollars in fines to settle charges of foreign exchange manipulation. Some 19 investigations in ten different legal jurisdictions are now winding their way to completion and analysts says the final tally may hit $41 billion.

Four Blackwater Guards Found Guilty in 2007 Baghdad Killings
by Pratap ChatterjeeCorpWatch Blog
October 26th, 2014
A federal jury has found three former Blackwater contractors guilty of manslaughter and a fourth guilty of murder for killing 17 Iraqis in Baghdad's Nissour Square on September 16, 2007. The men were private security guards hired to provide security to U.S. government employees at the time.

Secwepemc Tribes Fight New Mines and Old Laws in British Columbia
by Richard SmallteacherCorpWatch Blog
October 22nd, 2014
Indigenous activists burned down a bridge in British Columbia, Canada, to prevent Imperial Metals from starting a lead and zinc mine on the lands of the Secwepemc peoples. Local tribes say that the mine may severely impact the one of the largest remaining sockeye salmon populations in the world.

Data Secrecy Company Accused of Sharing Information with Media and Military
by Pratap ChatterjeeCorpWatch Blog
October 18th, 2014
Whisper – a new social network that claims to provide anonymity – has been accused of secretly tracking users. The allegations were made by the Guardian newspaper, provoking renewed scrutiny of a multitude of data privacy claims made by software companies.

Chevron Wins Ecuador Arbitration But Money May Go To Amazon Communities
by Mayu ChangCorpWatch Blog
October 13th, 2014
The Dutch Supreme Court recently upheld an arbitration tribunal judgment requiring the Ecuadorean government to pay Chevron $106 million for breach of contract. Ironically, activists say Ecuador is now free to hand this money to indigenous communities who have sued the oil giant for pollution in an unrelated case.

Pipeline Leaks in Caspian Sea Oil Project To Cost $4 Billion
by Pratap ChatterjeeCorpWatch Blog
October 9th, 2014
Kashagan, Kazakhstan's flagship offshore oil project in the Caspian Sea, will need to spend some $4 billion to repair 200 kilometres of pipelines that are leaking corrosive sulphur-containing gas, according to new estimates. The reports confirm long standing fears of environmental organizations and the local community.

Facebook Changes Names Policy In Partial Victory for Privacy Activists
by Richard SmallteacherCorpWatch Blog
October 6th, 2014
Gay and transgendered performers have forced Facebook, the popular social network wesbite, to make changes to its “real names” policy to allow them to appear online under their stage names. The company has not, however, offered a way for people to keep their identities private

Indian Rose Exporter Declares Bankruptcy in the Netherlands
by Pratap ChatterjeeCorpWatch Blog
October 2nd, 2014
A subsidiary of Karaturi Global, the Indian flower export multinational accused of land grabbing in Ethiopia and Kenya, has been declared bankrupt by a Dutch court. The company owes some $300,000 in the Netherlands, as well as upwards of $4 million in taxes in Kenya.

Fashion District Businesses Accused of Laundering Mexican Drug Money
by Richard SmallteacherCorpWatch Blog
September 30th, 2014
One thousand law enforcement officers staged an early morning raid on dozens of businesses in Los Angeles fashion district to seize $65 million allegedly derived from drug trafficking. QT Fashion, a company that imports wholesale maternity wear from China to Mexico, provided a key to the money laundering scheme.

Federal Regulators Failed to Police Goldman Sachs, Says Whistleblower
by Pratap ChatterjeeCorpWatch Blog
September 26th, 2014
Carmen Segarra, a former senior examiner with the Federal Reserve Bank of New York, has revealed how government regulators failed to adequately police Goldman Sachs, the Wall Street investment bank. (The Federal Reserve is the central banking system of the U.S. chartered by Congress to supervise private banks)

Amazon Workers in Germany Strike for Better Pay
by Richard SmallteacherCorpWatch Blog
September 23rd, 2014
Some 2,000 German employees of Amazon, the internet retail giant, walked off their jobs this week at four sites - Bad Hersfeld, Graben, Leipzig and Rheinberg. The strike action was coordinated by Vereinte Dienstleistungsgewerkschaft (United Services Union), a Berlin trade union commonly known as Ver.di.

Kosmos Energy Prepares to Drill for Oil in Disputed Western Sahara
by Pratap ChatterjeeCorpWatch Blog
September 19th, 2014
Kosmos Energy, a Texas oil company, is preparing to drill for oil in Western Sahara, a disputed territory currently controlled by Morocco. The company has dispatched a state of the art oil rig to begin operations later this year, according to Western Sahara Resource Watch (WSRW), an activist group.

Actavis Sued To Stop Forced Switch To New Alzheimer's Drug
by Richard SmallteacherCorpWatch Blog
September 16th, 2014
Actavis, the world's third-largest generic drug manufacturer, has been sued by New York state to prevent it from forcing patients to take a new version of a popular Alzheimer's drug. The company is attempting to hook patients on an extended release version before its U.S. patent expires next year.

Migrant Rights Activist Fights Thai Pineapple Company Lawsuit
by Pratap Chatterjee
September 12th, 2014
Natural Fruit, one of Thailand’s largest pineapple processors, has sued Andy Hall, a British researcher, over a report that he worked on for Finnwatch on labor abuses in the industry. Hall faces some seven years in jail and $10 million in fines.

“Operation Car Wash” Uncovers Alleged Political Bribery by Petrobras
by Richard SmallteacherCorpWatch Blog
September 9th, 2014
Paulo Roberto Costa, former head of Petrobras' refining and supply unit, has named dozens of politicians who allegedly took bribes from the Brazilian company. Costa claims that Petrobras paid out three percent of the value of new contracts to the politicians in return for favorable votes for the government.

Fast Food Workers Hold Biggest Ever Strike For Wages in U.S.
by Pratap ChatterjeeCorpWatch Blog
September 5th, 2014
Hundreds of low wage fast food workers were arrested at strikes and protests in some 100 cities around the U.S. on September 4. They were demanding that companies like Burger King, KFC, McDonald's and Wendy's pay workers a living wage of $15 an hour.

Ten Killed At African Barrick Operations in Tanzania
by Richard SmallteacherCorpWatch Blog
August 26th, 2014
As many as 10 people have been killed by police this year at African Barrick Gold's operations in Tanzania, according to a new report from two NGOs - MiningWatch Canada and Rights and Accountability in Development (RAID) in the UK.

Bank of America to Pay $16.65 Billion to Settle Mortgage Fraud Charges
by Pratap ChatterjeeCorpWatch Blog
August 21st, 2014
Bank of America has agreed to pay the government $9.65 billion to settle charges of misleading investors over mortgage lending in the run up to the 2008 financial crisis. The bank will also pay out an additional $7 billion to help borrowers and communities affected by the loans.

Gilead Sciences Under Investigation for Over Charging for Hepatitis C Pill
by Pratap ChatterjeeCorpWatch Blog
July 21st, 2014
Gilead Sciences of San Francisco is under investigation by the U.S. Senate Finance Committee for charging $84,000 for a 12 week course of a new drug to treat hepatitis C. Gilead sells the exact same course for $900 in poor countries like Egypt and India.

Coca-Cola Forced To Shut Bottling Plant in India
by Fatima HansiaCorpWatch Blog
July 10th, 2014
Coca-Cola, the world’s largest beverage producer, has been ordered to shut down its bottling plant in Varanasi, India following local complaints that the company was drawing excessive amounts of groundwater. After an investigation, government authorities ruled that the company had violated its operating license.

Hacking Team Malware Targeted Saudi Arabia Protestors
by Pratap ChatterjeeCorpWatch Blog
June 27th, 2014
Malicious software from Hacking Team of Italy that can be used to spy on cell phones has been found by Citizen Lab activists to have been used to target people in Saudi Arabia. The software was bundled into a fake phone application for Qatif Today, a local news site.

Soco International Says It Will Cancel Oil Exploration in Congo's Virunga Park
by Fatima HansiaCorpWatch Blog
June 23rd, 2014
Soco International PLC, a UK oil company, has claimed that it will halt oil exploration in Virunga National Park in the Democratic Republic of the Congo (DRC), following complaints by local communities and the World Wide Fund for Nature (WWF) about the potential environmental impact.

Argentina Loses Court Appeal Against “Vulture” Fund Manager Paul Singer
by Pratap ChatterjeeCorpWatch Blog
June 20th, 2014
Paul Singer, the billionaire hedge fund manager, has claimed victory in a lawsuit to force Argentina to fork out almost 17 times more than he paid to buy bonds issued by the country.

Papua New Guinea Landowners Win Lands Back From Malaysian Palm Oil Plantation
by Fatima HansiaCorpWatch Blog
June 16th, 2014
A Papua New Guinea (PNG) court revoked two 99 year land titles awarded to Kuala Lumpur Kepong (KLK) of Malaysia to develop palm oil plantations on 38,350 hectares of land in Collingwood Bay in Oro province following complaints of land grabbing by customary landowners.

Chevron Cancels Bulgaria Fracking, Shell Postpones Ukraine Plans
by Richard SmallteacherCorpWatch Blog
June 12th, 2014
Fracking for oil and gas across Europe has suffered a series of setbacks with Chevron closing its offices in Sofia, Bulgaria, and Shell postponing fracking plans in the Ukraine by at least two years. Meanwhile the French government is standing firm in its opposition to fracking.

G4S To End Israel Prison Contracts Following Protests
by Pratap ChatterjeeCorpWatch Blog
June 8th, 2014
G4S, the Anglo-Danish security contractor, has agreed to withdraw from prison work in Israel after activists disrupted the company annual general meeting for the second year in a row. The company is also under fire for ill-treatment of detainees in the UK, including the death of an Angolan man.

U.S. Congress Did Less for Corporate Accountability in 2013
by Corporate Accountability Coalition
June 4th, 2014
The U.S. Congress saw no progresses toward corporate accountability and reining in corporate influence over public institutions in 2013, according to the newly released Corporate Accountability Coalition (CAC) Congressional Report Card.

El Salvador Construction Contractor Builds Houses for Wealthy with UK Aid
by Fatima HansiaCorpWatch Blog
May 31st, 2014
An investment branch of the UK’s Department for International Development (DFID) aid agency has come under fire for subsidizing Avance Ingenieros to build elite housing projects in El Salvador at the expense of the UK taxpayer, according to an investigation by the Guardian newspaper.

Lawsuit Against Google Highlights Mining of Student Data
by Rozali TelbisSpecial to CorpWatch
May 26th, 2014
Children have become lucrative targets for data mining companies, according to a study by Politico magazine. Just weeks after Google settled a lawsuit for selling student data for advertising, the publication revealed an entire industry devoted to marketing data gathered from Internet applications offered to students and their teachers.

Hedge Fund Managers Still Making Billions
by Pratap ChatterjeeCorpWatch
May 17th, 2014
David Tepper, the founder of New Jersey-based Appaloosa Management, was the world’s highest earning hedge fund manager for the second year in a row, according to the Rich List published earlier this month. Tepper earned $3.5 billion in 2012, a major increase on his $2.2 billion take home income in 2012.

Pakistan Courts to Hear Lawsuit Against Finfisher Spy Software
by Rozali TelbisCorpWatch Blog
May 12th, 2014
A Pakistani court has set a June 5 court date to hear a lawsuit from ‘Bytes for All’ - a digital rights group - for the alleged use of FinFisher spy software by the Pakistani government. The software is manufactured by Gamma International, an Anglo-German company.

Vale Expansion in Maranhão Challenged by Local Communities
by Fatima HansiaCorpWatch Blog
May 7th, 2014
Mayors of dozens of communities along the route of a 556 mile railway from the Carajás iron ore mine to São Marcos bay, are up in arms against a major new expansion of industrial activities by Vale, a Brazilian mining giant, because of the adverse impacts on their lives.

Yue Yuen Shoe Factory Backs Down After Workers Strike for Pensions
by Pratap ChatterjeeCorpWatch Blog
May 3rd, 2014
Some 40,000 workers in seven Yue Yuen shoe factories in Dongguan city, China, went on strike last month to successfully demand that their employer make pension payments required under the law.

Peabody Coal Accused of False Advertising for Claiming to Stop Energy Poverty
by Rozali TelbisCorpWatch Blog
April 28th, 2014
WWF Europe has filed a complaint for false advertising against Peabody Energy, the world’s largest coal mining company, after the company began a campaign to promote the use of coal in developing countries, claiming that so-called "clean coal" technology could eradicate poverty.

Sinopec Fracking In China Turns Deadly
by Fatima HansiaCorpWatch Blog
April 24th, 2014
A deadly explosion in Jiaoshizhen, Sichuan province, has raised concerns about the risks involved in hydraulic fracking in China. The explosion occurred at a facility operated by Sinopec – one of China’s biggest oil and gas companies – that is being advised by Breitling Energy, a Dallas-based company.

Barclays Temporarily Backs Down On Somali Money Transfers
by Pratap ChatterjeeCorpWatch Blog
April 21st, 2014
Dahabshiil, a Somali money transfer company, has won a temporary reprieve from Barclays, the last major bank to allow remittances to Somalia. The agreement comes just as a new report estimates that African expatriates lose $1.8 billion a year in transfer fees to companies like Moneygram and Western Union.

KBR and Halliburton Can Be Sued For Iraq Toxic Burn Pits, Court Rules
by Fatima HansiaCorpWatch Blog
April 17th, 2014
KBR and Halliburton – two major U.S. military contractors – can be sued for the health impacts of trash incineration on U.S. soldiers who served in the war in Iraq, according to a new court decision that allows a series of 57 lawsuits against the companies to go forward.

Caterpillar Uses Swiss Subsidiary to Avoid Billions in Taxes
by Rozali TelbisCorpWatch Blog
April 14th, 2014
Caterpillar - one of the world’s largest maker of construction and mining equipment - used a subsidiary in Switzerland to avoid paying $2.4 billion in taxes over a period of 13 years, according to a new U.S. Senate report titled ‘Caterpillar’s Offshore Tax Strategy.’

Failed Cuban “Twitter” Project Designed By U.S. Government Contractors
by Pratap ChatterjeeCorpWatch Blog
April 8th, 2014
ZunZuneo - a now defunct social media platform similar to Twitter – was designed to undermine the Cuban government by two private contractors: Creative Associates International from Washington DC and Mobile Accord, a Denver based company. Funding was provided by the U.S. Agency for International Development.

Big Pharma Abandons New Tuberculosis Drug Research
by Fatima HansiaCorpWatch Blog
April 1st, 2014
Three major pharmaceutical companies - AstraZeneca, Johnson & Johnson and Pfizer - have recently delayed or canceled clinical trials for testing tuberculosis (TB) drugs in India and South Africa. Activists say this is symbolic of a trend by Big Pharma to abandon research into diseases that affect poor people.

Anglo American Workers Strike Against Contract Labor Conditions in Chile
by Pratap ChatterjeeCorpWatch Blog
March 25th, 2014
Some 4,000 contract workers at Los Bronces copper mine in Chile went on strike against Anglo American, a UK-based mining multinational from South Africa. The strike is the latest in a series of protests against the Chilean copper industry, the world’s largest producers of the metal.

Fast Food Workers File Lawsuit Against McDonald’s for Alleged Wage Theft
by Fatima HansiaCorpWatch Blog
March 21st, 2014
Over 25,000 low-wage employees working at McDonald’s franchises in California, Michigan and New York are being systematically cheated of their wages, say attorneys who filed seven simultaneous lawsuits last week against McDonald’s and its franchisees for violations of labor law.

Cambodian Villagers Land Bulldozed for UDG Casino Complex
by Pratap ChatterjeeCorpWatch Blog
March 14th, 2014
Villagers in Koh Kong, Cambodia, say that their lands have been bulldozed by employees of the Union Development Group, a Chinese company, which is building a massive casino on a 45,000-hectare-land concession inside Botum Sakor National Park.

Serco Paid Millions Over Budget for West Australia Hospital with No Patients
by Fatima HansiaCorpWatch Blog
March 11th, 2014
Some 230 staff are being paid to work at the new Fiona Stanley Hospital in West Australia, even though it will not open to patients till March 2015. The project has been labeled a “privatization disaster” and Serco, the contractor, has come under fire for the soaring costs.

Hacking Team Spy Software Identified on U.S. Servers
by Pratap ChatterjeeCorpWatch Blog
March 7th, 2014
Two U.S. companies – Linode of New Jersey and Rackspace of Texas – have been hosting surveillance software designed by Hacking Team of Italy, according to a new report. The software was allegedly been used by governments in Ethiopia, Morocco, Turkey and the United Arab Emirates to track dissidents.

Thomson Safaris Sued Over Maasai Land Near Serengeti
by Richard SmallteacherCorpWatch Blog
March 3rd, 2014
Thomson Safaris, a Massachusetts company that runs the luxury Enashiva tourist camp near the Serengeti wildlife park in Tanzania, has been sued over 10,000 acres of land that the company allegedly acquired illegally from Maasai tribes.

Unpublished Audit of Kaloti Reveal Conflicts Over Gold Trade
by Pratap ChatterjeeCorpWatch Blog
February 28th, 2014
A whistleblower who previously worked for Ernst & Young, the international auditing firm, has alleged that his bosses turned a blind eye to discoveries that Kaloti Jewellery International – one of the world’s biggest gold companies - dealt in minerals from undocumented sources that may have included conflict zones.

Fracking Siberia: Gazprom Teams Up With Shell
by Richard SmallteacherCorpWatch Blog
February 25th, 2014
Gazprom of Russia has begun fracking in western Siberia with the help of Anglo-Dutch giant Shell. The joint venture is introducing new technology developed in the U.S. to tap a vast reserve of oil known as the Bazhenov shale that lies under a 2.3 million square kilometer expanse.

World Bank Agrees to Investigate Labor Conditions at Indian Tea Company
by Pratap ChatterjeeCorpWatch Blog
February 21st, 2014
The World Bank has agreed to investigate Amalgamated Plantations Private Limited (APPL) in India for abusive working conditions on tea plantations in the north-eastern Indian state of Assam, following a formal complaint by workers. A Columbia Law School team has confirmed the workers allegations.

Toyota May Pay $1 Billion To Settle Unintentional Accelerations Claims
by Richard SmallteacherCorpWatch Blog
February 17th, 2014
Toyota is expected to announce a billion dollar settlement with the U.S. government for failing to disclose complaints by drivers that its cars were accelerating unintentionally. News of the negotiations were reported by the Wall Street Journal.

Keystone XL Review Biased and Deeply Flawed, Say Activists
by Richard SmallteacherCorpWatch Blog
February 14th, 2014
A major U.S. government report on the Keystone XL pipeline was written by oil industry consultants, say activist groups. The report, which was commissioned by the State Department and published two weeks ago, downplays the environmental impact of the pipeline and has been seen as key to potential approval.

Anglo Irish Bankers On Trial For Scheme That Led to National Collapse
by Pratap ChatterjeeCorpWatch Blog
February 12th, 2014
Three top executives at Anglo Irish bank are on trial for a secret scheme to buy their own bank’s shares that eventually triggered the 2008 collapse of the Irish economy. The bankers allegedly hatched the plan to cover up bets made by Sean Quinn, once Ireland’s richest man.

Rurelec Wins Compensation for Bolivia Nationalization, But Little Profit
by Richard SmallteacherCorpWatch Blog
February 10th, 2014
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.

Selling Your Secrets: The Invisible World of Software Backdoors and Bounty Hunters
by Pratap ChatterjeeCorpWatch/Tomdispatch
February 7th, 2014
Mass surveillance by the U.S. National Security Agency involves close partnerships with high-tech companies in order to gather data on everyday people. The agency has cut deals to install secret backdoors into computers; exploit flaws in popular software; and surreptitiously analyze personal data from smartphone games.

Mauritanian Villagers Protest Saudi National Prawn Company Investment
by Richard SmallteacherCorpWatch Blog
February 5th, 2014
Villagers in Boghé, a community 190 miles south west of the Mauritanian capital of Nouakchott, are protesting a proposed $1 billion investment by the Saudi National Prawn Company (NPC) in an aquaculture project in the Senegal river valley that will cover 31,000 hectares.

Bayer CEO Says Drugs Developed For “Western Patients Who Can Afford It”
by Pratap ChatterjeeCorpWatch Blog
February 3rd, 2014
Bayer, the German pharmaceutical giant, is in hot water after CEO Marijn Dekkers told a Financial Times conference that the company designed medicines “for western patients who can afford it” not for the “Indian market.” The company has been critical of the Indian governments efforts to make cheap generic drugs available locally.

Goldman Sachs Sued for Selling Libya Billions in "Worthless" Options
by Richard SmallteacherCorpWatch Blog
January 31st, 2014
Goldman Sachs, the Wall Street investment bank, is being sued in London for selling Libya “worthless” derivatives trades in 2008 that the country’s financial managers did not understand. Libya says it lost approximately $1.2 billion on the deals, while Goldman made $350 million.

Smartphone Game Data Targeted by NSA: Angry Birds Cited
by Pratap ChatterjeeCorpWatch Blog
January 28th, 2014
Millennial Media, a Baltimore based ad company, creates “intrusive” profiles of users of smartphone applications and games like Angry Birds, according to documents leaked to the media by whistleblower Edward Snowden. Such profiles have been exploited by intelligence authorities like the U.S. National Security Agency (NSA), say investigative journalists.

Shell Arctic Drilling Plans Blocked By Courts
by Richard SmallteacherCorpWatch Blog
January 23rd, 2014
Shell’s plans to drill for oil in the Arctic’s Chukchi Sea have been handed a major setback by a U.S appeals court which ruled that the Department of the Interior had underestimated the potential environment impact. The courts ordered the federal government to do a new assessment.

Major Banks Suspend Foreign Exchange Traders Over Market Manipulation
by Pratap ChatterjeeCorpWatch Blog
January 20th, 2014
Several major banks – notably Citibank, Deutsche Bank and HSBC - have suspended over a dozen global foreign exchange traders in a growing scandal over manipulation in the $5.3 trillion-a-day market. Barclays, Goldman Sachs, JP Morgan, Royal Bank of Scotland, Standard Chartered and UBS are also being investigated.

Trafficking Lawsuit Against KBR for Wrongful Deaths in Iraq Dismissed
by Richard SmallteacherCorpWatch Blog
January 17th, 2014
Families of 12 Nepali workers killed in Iraq in August 2004 have been denied permission by a federal judge to sue KBR, the former subsidiary of Halliburton of Houston, in an abrupt reversal of a previous court decision.

World Bank Slammed for Dinant Loan Linked to Honduran Killings
by Pratap ChatterjeeCorpWatch Blog
January 14th, 2014
An independent ombudsman has confirmed that World Bank officials should have raised serious questions before the International Finance Corporation (IFC) – the private sector arm of the World Bank – approved a $30 million loan to Corporación Dinant in Honduras in 2009 for palm oil plantation projects.

Climate Activists Slapped With Terrorism Charges for Devon Energy Protest
by Richard SmallteacherCorpWatch Blog
January 10th, 2014
Two climate activists who staged a protest at the headquarters of Devon Energy, a Fortune 500 company based in Oklahoma city, have been charged with a “terrorism hoax” after black powder drifted down from a banner that they unfurled.

Spanish Consortium Threatens to Stop Panama Canal Expansion
by Pratap ChatterjeeCorpWatch Blog
January 6th, 2014
Sacyr, the Spanish construction giant, has threatened to halt work on the expansion of the Panama canal unless it is paid an extra $1.6 billion. The company leads a consortium that won the 2009 contract after bidding to do the job for $1.1 billion less than the next bidder.

Cambodian Police Open Fire at Garment Workers Protest, Killing Four
by Richard SmallteacherCorpWatch Blog
January 3rd, 2014
At least four people were killed when Cambodian police opened fire on a garment workers protest in Canadia Industrial Park in Phnom Penh. The workers were demanding a minimum wage of $154 a month from employers who supply Calvin Klein and Tommy Hilfiger brands as well as H&M.

Sámi Fight Iron Mine in Reindeer Country
by Pratap ChatterjeeCorpWatch Blog
December 29th, 2013
This past Christmas, while children around the world wrote letters to Santa Claus whom they believed would deliver presents to them in a sleigh drawn by the mythical Rudolph, the actual human companions of the Arctic reindeer spent their holidays worrying about Beowulf, a British mining company.

Chocolate Slavery Case Against Nestlé Allowed to Proceed
by Pratap ChatterjeeCorpWatch Blog
December 24th, 2013
Eight years after they sued Archer Daniels Midland (ADM), Cargill and Nestlé for allegedly forcing them to work as child labor on a Côte d'Ivoire cocoa plantation, three young men from Mali have won a small victory – the ability to be heard in a California court.

New Report Card Evaluates Congressional Actions for Corporate Accountability
December 19th, 2013
The U.S. Congress had a miserable record on resisting corporate influence in 2012, according to a new report card released today. The 2012 Corporate Accountability Coalition Report Card tracks Congressional action related to corporate accountability, transparency, and responsible business during the second year of the 112th Congress.

Ikea France Accused of Spying on Employees
by Richard SmallteacherCorpWatch Blog
December 15th, 2013
Sûreté International – a private detective agency - was allegedly hired by Ikea France to spy on prospective and existing employees, activists from the union Force Ouvrière and even disgruntled customers.

Aluminium Bahrain Bribery Case Collapses
by Pratap ChatterjeeCorpWatch Blog
December 12th, 2013
A lawsuit against Victor Dahdaleh, a Canadian-British billionaire, for allegedly paying £39 million ($65 million) in bribes to win supply contracts worth £2 billion ($3.2 billion) from Aluminium Bahrain (Alba) has collapsed.

Police Attack Palm Oil Protestors in Sierra Leone
by Richard SmallteacherCorpWatch Blog
December 10th, 2013
Sierra Leone police opened fire on a group of protestors who were demonstrating against a palm oil plantation in the southern province of Pujehun. The project is being developed by Societe Financiere des Caoutchoucs (Socfin), a French agri-business giant.

The Jason Bourne Strategy: CIA Contractors Do Hollywood
by Pratap ChatterjeeTomdispatch.com
December 5th, 2013
Global Response Staff is a new unit set up by the U.S. Central Intelligence Agency’s (CIA) to hire private security contractors to accompany dangerous spying missions. Unlike Jason Bourne - the fictional character on which they appear to be modeled on - this gang cannot shoot straight.

Blackstone Group Buys Houses in Bulk to Profit from Mortgage Crisis
by Laura GottesdienerTomDispatch.com
November 28th, 2013
Blackstone Group, a major private equity firm, has bought up 200,000 houses in cities hardest hit by the economic meltdown. They hope to profit by renting homes to poor people and securitizing the cash flow – the very plan that caused the crisis in the first place.

Canada Approves Genetically Modified Salmon Exports to Panama
by Pratap ChatterjeeCorpWatch Blog
November 25th, 2013
AquaBounty, a U.S. biotechnology company based in Maryland, has secured approval from the Canadian government to export 100,000 AquAdvantage salmon eggs from Prince Edward Island in eastern Canada to Chiriquí province in western Panama.

Potash Cartel Causes Friction Between Russia and Belarus
by Richard SmallteacherCorpWatch Blog
November 21st, 2013
A clash between Belaruskali and Uralkali – the global potash exporters from Belarus and Russia respectively – almost destroyed a global cartel that has artificially kept prices of fertilizer as high as $400 a ton in international markets.

Del Monte Plantation Workers Win Settlement in Global Horizons Case
by Pratap ChatterjeeCorpWatch Blog
November 18th, 2013
Some 150 Thai workers on a Del Monte pineapple plantation in Hawaii will get $1.2 million to settle allegations of sub-standard working conditions. The lawsuit was filed by the U.S. Equal Employment Opportunity Commission against seven companies including Global Horizons, a labor recruiter from Los Angeles.

EuroZone Profiteers: Ireland
November 13th, 2013
This profile of Ireland is from CorpWatch's EuroZone Profiteers report - a study of the the role of six major banks in Greece, Ireland and Spain during the EuroZone crisis. Loans from these banks helped fuel the credit boom that left borrowing countries deep in debt.

EuroZone Profiteers: Greece
November 13th, 2013
This profile of Westdeutsche Landesbank is from CorpWatch's EuroZone Profiteers report which investigates the role of six major banks in Greece, Ireland and Spain during the EuroZone crisis. Loans from these banks helped fuel the credit boom that left the countries deep in debt.

EuroZone Profiteers: Spain
November 13th, 2013
This profile of Spain is from CorpWatch's EuroZone Profiteers report which investigates the role of six major banks in Greece, Ireland and Spain during the EuroZone crisis. Loans from these banks helped fuel the credit boom that left the countries deep in debt.

EuroZone Profiteers: Dexia
November 13th, 2013
This profile of Dexia is from CorpWatch's EuroZone Profiteers report which investigates the role of six major banks in Greece, Ireland and Spain during the EuroZone crisis. Loans from these banks helped fuel the credit boom that left the countries deep in debt.

EuroZone Profiteers: Crédit Agricole
November 13th, 2013
This profile of Crédit Agricole is from CorpWatch's EuroZone Profiteers report which investigates the role of six major banks in Greece, Ireland and Spain during the EuroZone crisis. Loans from these banks helped fuel the credit boom that left the countries deep in debt.

EuroZone Profiteers: Société Générale
November 13th, 2013
This profile of Société Générale is from CorpWatch's EuroZone Profiteers report which investigates the role of six major banks in Greece, Ireland and Spain during the EuroZone crisis. Loans from these banks helped fuel the credit boom that left the countries deep in debt.

EuroZone Profiteers: French Banking
November 13th, 2013
This profile of French banking is from CorpWatch's EuroZone Profiteers report which investigates the role of six major banks in Greece, Ireland and Spain during the EuroZone crisis. Loans from these banks helped fuel the credit boom that left the countries deep in debt.

EuroZone Profiteers: Commerzbank
November 13th, 2013
This profile of Commerzbank/Eurohypo is from CorpWatch's EuroZone Profiteers report which investigates the role of six major banks in Greece, Ireland and Spain during the EuroZone crisis. Loans from these banks helped fuel the credit boom that left the countries deep in debt.

EuroZone Profiteers: Depfa and Hypo Real Estate
November 13th, 2013
This profile of Depfa/Hypo Real Estate is from CorpWatch's EuroZone Profiteers report - a study of the the role of six major banks in Greece, Ireland and Spain during the EuroZone crisis. Loans from these banks helped fuel the credit boom that left borrowing countries deep in debt.

EuroZone Profiteers: Westdeutsche Landesbank
November 13th, 2013
This profile of Westdeutsche Landesbank is from CorpWatch's EuroZone Profiteers report which investigates the role of six major banks in Greece, Ireland and Spain during the EuroZone crisis. Loans from these banks helped fuel the credit boom that left the countries deep in debt.

EuroZone Profiteers: German Banking
November 13th, 2013
This profile of German banking is from CorpWatch's EuroZone Profiteers report which investigates the role of six major banks in Greece, Ireland and Spain during the EuroZone crisis. Loans from these banks helped fuel the credit boom that left the countries deep in debt.

EuroZone Profiteers: Time to Investigate the Bankers and Bureaucrats
November 13th, 2013
Conclusion 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 that left borrowing countries deep in debt.

EuroZone Profiteers: Odious Debt
November 13th, 2013
A new CorpWatch report shines a light on the role of six major banks that helped cause the EuroZone crisis. As of June 2013, Greece was forced to borrow €207 billion, Spain €100 billion, and Ireland an additional €85 billion, partly because of risky lending by major banks.

EuroZone Profiteers: Lending Frenzy
November 13th, 2013
European Union bureaucrats convinced major banks in Europe to compete with each other, a push helped fuel the EuroZone crisis. But as E.U. Competition Commissioner Mario Monti firly believed that competition would "reward greater efficiency."

EuroZone Profiteers: Who Owes Whom?
November 13th, 2013
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; Crédit Agricole and Société Générale from France; together with Dexia – a Franco-Belgian financial institution.

EuroZone Profiteers: Welcome to the Casino
November 13th, 2013
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; Crédit Agricole and Société Générale from France; together with Dexia – a Franco-Belgian financial institution.

The EuroZone Profiteers
November 13th, 2013
A new CorpWatch report 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; Crédit Agricole and Société Générale from France; together with Dexia – a Franco-Belgian financial institution.

Six Telecom Companies Face Formal Complaint for Collusion With UK Spy Agency
by Pratap ChatterjeeSpecial to CorpWatch
November 4th, 2013
Six global telecommunications companies - British Telecom, Interoute, Level Three, Verizon Enterprise, Viatel and Vodafone Cable - are the subject of a formal complaint by Privacy International for potential violation of human rights such as the right to privacy and freedom of expression.

Samsung Worker May Have Contracted Cancer at Workplace, Court Finds
by Richard Smallteacher
October 28th, 2013
A South Korean court has found "considerable causal relationship" between leukemia that killed a Samsung worker and her job dipping wafers in chemicals at a memory chip factory in Gi-heung, South Korea. This is the third time courts have supported alleged victims of workplace hazards in Samsung facilities.

JP Morgan May Escape Criminal Charges for $13 Billion
by Pratap Chatterjee
October 22nd, 2013
JP Morgan, the Wall Street bank, is negotiating to escape criminal prosecution for its role in the sub-prime mortgage crisis in return for paying the U.S. government roughly $3 billion, plus $6 billion to investors, and another $4 billion to compensate home owners.

Fracking Argentina: Chevron Teams Up With YPF
by Richard Smallteacher
October 16th, 2013
YPF, the Argentinian state-owned oil company, has signed an agreement with Chevron in the U.S. to extract shale gas and oil using fracking technology in the southern Andes mountains. Local environmental and indigenous activists are gearing up for a fight to stop the controversial technology.

Flower Growers in Kenya Strike Against Karuturi Global
by Pratap Chatterjee
October 10th, 2013
Flower growers in Kenya have gone on strike to protest unpaid wages from Karuturi Global, the Indian flower export multinational. The strike is the latest in a series of problems that have caused the company share price to plummet from over Rs39 in 2008 to Rs0.63 in mid-September 2013.

BSGR Investigated for Corruption in Guinea Iron Ore Deal
by Richard Smallteacher
October 4th, 2013
BSGR, an Israeli mining conglomerate, is under investigation for the acquisition of mining rights to the Simandou iron ore deposit in Guinea, said to be the biggest in the world.

U.S. Security Checks Contractor Has Record of Rushing Investigations
by Pratap ChatterjeeCorpWatch Blog
September 27th, 2013
U.S. Investigations Services (USIS), the company that signed off on a background check into Aaron Alexis, the military contractor who shot 12 people dead on a U.S. Navy base in Washington DC last week, has a record of rushing investigations, according to a number of former employees.

JP Morgan Fined Over $1 Billion for Wall Street Scams
by Richard SmallteacherCorpWatch Blog
September 20th, 2013
JP Morgan, the Wall Street investment bank, has been fined $920 million for violating trading laws that were discovered after trader Bruno Iksil (nicknamed the “London Whale”) lost billions in bets last May. It was also fined over $80 million for credit card scams in an unrelated incident.

Privatization Profiteers from Pinochet’s Chile May Yet Face Prison
by Pratap ChatterjeeCorpWatch Blog
September 17th, 2013
Julio Ponce, the billionaire owner of Sociedad Quimica & Minera de Chile (SQM), faces ten years in prison for insider trading. A beneficiary of former dictator General Augusto Pinochet, Ponce is charged with buying company shares at below market prices and selling them at a profit.

ArcelorMittal Must Release Environmental Data on South Africa Steel Plants
by Richard SmallteacherCorpWatch Blog
September 14th, 2013
ArcelorMittal, the global steel giant, has been ordered to hand over documents about the environmental impact of two South African facilities to community activists. The Luxembourg-based company, the largest steel producer in Africa, has been accused of polluting the air and water as well as dumping hazardous waste.

Bumper Year for Corporate Donations Reveals Profit Motives
by Rick CohenCorpWatch Blog
September 10th, 2013
U.S. corporations gave away $18.15 billion in charitable donations in 2012 – a combination of cash, grants, and in-kind goods - up 12.2 percent in nominal terms over the previous year. A closer look reveals profit motives, notably for pharmaceutical companies and retail chain Wal-Mart.

Turning the Table on the Trackers: Wikileaks Sniffs out Spy Salesmen
by Pratap ChatterjeeSpecial to CorpWatch
September 6th, 2013
What was Mostapha Maanna of Hacking Team, an Italian surveillance company, doing on his three trips to Saudi Arabia in the last year? A new data trove from WikiLeaks reveals travel details for salesmen like Maanna who hawk electronic technology to track communications by individuals without their knowledge

Turkmenistan and Oman Negotiated to Buy Spy Software: Wikileaks
by Pratap ChatterjeeSpecial to CorpWatch
September 4th, 2013
Turkmenistan and Oman have been negotiating with a consortium of British, German and Swiss companies to buy “FinFisher” software to spy on phone calls and Internet activity of unsuspecting targets, according to a new trove of documents just released by Wikileaks, the global whistleblowing organization.

Tokyo Electric Power Company Admits Fukushima Failures
by Richard SmallteacherCorpWatch Blog
August 28th, 2013
Tokyo Electric Power Company (Tepco) is facing calls to be shut down for failing to properly manage the environmental catastrophe caused by the meltdown of three of the company’s nuclear reactors in Fukushima, Japan. The disaster was the result of a tsunami triggered by a March 2011 earthquake.

Glimmerglass Intercepts Undersea Cable Traffic for Spy Agencies
by Pratap ChatterjeeSpecial to CorpWatch
August 22nd, 2013
Glimmerglass, a northern California company that sells optical fiber technology, offers government agencies a software product called “CyberSweep” to intercept signals on undersea cables. The company says their technology can analyze Gmail and Yahoo! Mail as well as social media like Facebook and Twitter to discover “actionable intelligence.”

ACLU Reveals FBI Hacking Contractors
by Pratap ChatterjeeSpecial to CorpWatch
August 20th, 2013
James Bimen Associates of Virginia and Harris Corporation of Florida have contracts with the U.S. Federal Bureau of Investigation (FBI) to hack into computers and phones of surveillance targets, according to Chris Soghoian, principal technologist at American Civil Liberties Union's Speech, Privacy and Technology Project.

Samsung Sued for $109 Million For Labor Violations in Amazon
by Richard SmallteacherCorpWatch Blog
August 17th, 2013
Samsung, the South Korean electronics giant, faces a 250 million real ($109) million fine for working condition violations at a plant in the free trade zone of Manaus, the capital of Amazonas state in Brazil.

U.S. Maintains Aid for Contractors in Egypt, Despite Massacre
by Pratap ChatterjeeCorpWatch Blog
August 14th, 2013
Egyptian security forces launched a massive crackdown on pro-democracy protestors killing around 300 people this morning. Despite near universal condemnation for the violence, the U.S. government has refused cut off the multi-billion dollar aid program that pays companies to provide support to the Egyptian government.

Tabasará River Communities Struggle to Halt Panamanian Dam Project
by Jennifer KennedySpecial to CorpWatch
August 10th, 2013
Honduran owned Generadora del Istmo S.A. (GENISA) is almost done with building Barro Blanco- a 28.84 megawatt hydroelectric project - on the Tabasará river in Chiriqui province in western Panama. The indigenous Ngäbe-Buglé community says that the impact of this project on their livelihoods will be devastating.

New Zealand Dairy Exporter Admits Third Contamination Scandal
by Richard SmallteacherCorpWatch Blog
August 5th, 2013
Fonterra, a New Zealand company and the world’s largest dairy exporter, has apologized for exporting a milk formula ingredient contaminated with potentially toxic bacteria. The incident comes six years after a company subsidiary in China sold contaminated baby milk formula that killed six infants and made thousands more ill.

Battle of Balcombe: Opposition to Cuadrilla Resources UK Fracking Plans
by Pratap ChatterjeeCorpWatch Blog
July 31st, 2013
The idyllic village of Balcombe, just south of London, is a stronghold of the Conservative party. Just the sort of place that one might imagine cheering on industry plans to drill for natural gas and applaud the tax breaks that the government has offered to industry.

Halliburton Admits Guilt in Gulf of Mexico Cover-Up
by Richard SmallteacherCorpWatch Blog
July 26th, 2013
Halliburton has admitted that it destroyed evidence after the April 2010 Deepwater Horizon catastrophe in the Gulf of Mexico. The company has agreed to pay a $200,000 fine, make a donation of $55 million to the National Fish and Wildlife Foundation and accept three years of probation.

Commodity Scams: Barclays, Goldman & JP Morgan Under Fire
by Pratap ChatterjeeCorpWatch Blog
July 23rd, 2013
JP Morgan Chase is expected to announce over $600 million in penalties and repayments for allegedly cheating customers in energy markets in California and Michigan. This just after Barclays bank paid out $470 million for manipulating electricity rates. Now Goldman Sachs is under scrutiny for possibly manipulating aluminum prices.

Ethiopian Sugar Alleged to Destroy Pastoral Communities of Lower Omo
by Richard SmallteacherCorpWatch Blog
July 18th, 2013
Ethiopian Sugar Corporation is benefiting from forced resettlement of pastoral people in the Lower Omo Valley - a United Nations cultural heritage site - to make way for new sugar plantations and factories, according to a new report from the Oakland Institute.

GlaxoSmithKline Alleged to Pay Bribes in China
by Pratap ChatterjeeCorpWatch Blog
July 15th, 2013
GlaxoSmithKline (GSK) has been accused of bribing doctors in China in order to boost sales. Chinese government officials say they have uncovered evidence of a bribery scheme involving 700 travel agencies who were used to funnel as much as three billion yuan ($480 million) in payments.

Cargill Flouts Law to Secretly Build Land Bank in Colombia
by Richard SmallteacherCorpWatch Blog
July 13th, 2013
Cargill, the world’s largest food company, has been secretly amassing land from small farmers in eastern Colombia, despite a law prohibiting the practice. When the two countries signed a free trade agreement last year, Cargill emerged as the owner of 52,574 hectares where it grows corn and soybeans.

Family Sues G4S For Killing Angolan Deportee
by Pratap ChatterjeeCorpWatch Blog
July 10th, 2013
The family of Jimmy Mubenga, an Angolan refugee in the UK, has brought a civil lawsuit against G4S, the world’s largest private security company. Mubenga died on October 12, 2010 while being restrained by G4S guards who were hired to help deport him from the country.

Rival Safety Agreements for Bangladesh Garment Factories Announced
by Richard SmallteacherCorpWatch Blog
July 8th, 2013
Two rival agreements that aim to improve safety in Bangladeshi garment factories were launched this week. The European-led Accord on Fire and Building Safety in Bangladesh’s Garment Industry was launched Monday while the much weaker North American led Alliance for Bangladesh Worker Safety was launched Wednesday.

Surveillance Contractor Bug In Ecuador Embassy Fails to Stop Wikileaks
by Pratap ChatterjeeCorpWatch Blog
July 3rd, 2013
Bugging equipment from the Surveillance Group Limited, a British private detective agency, has been found in the Ecuadorean embassy in London where Julian Assange, editor of Wikileaks, has taken refuge. The spy devices have so far failed to foil the whistle blowing group's daring exploits to support Edward Snowden.

Daily CEO Pay Now Exceeds U.S. Workers Annual Salary
by Richard Smallteacher
June 30th, 2013
U.S. corporate CEO salaries rose 16 percent in 2012, according to research firm Equilar. Average daily CEO pay is now greater than that of the average annual worker salary. Top salary: Larry Ellison of Oracle - over $96 million. Top exit bonus: James Mulva of ConocoPhillips - $156 million.

Anglo Irish Bank Executives Joked About Billion Euro Bail Out Scam
by Pratap ChatterjeeCorpWatch Blog
June 24th, 2013
Executives at one of Ireland’s biggest banks laughed and joked about how they were going to fool the Central Bank into bailing them out, according to a tape recording obtained by the Irish Independent. The failure of Anglo Irish Bank is eventually expected to cost the taxpayer €30 billion.

Monsanto Refuses to Testify at Seed Hearing in Puerto Rico
by Carmelo Ruiz-MarreroCorpWatch Blog
June 20th, 2013
Monsanto has refused to testify at a major government hearing about the development and sale of seeds in Puerto Rico. At stake is the research that the company conducts into genetic engineering on the island that critics say threaten the environment and can cause serious human health problems.

Edward Snowden and the National Security Industrial Complex
by Pratap ChatterjeeCorpWatch/IPS*
June 17th, 2013
Military contractor Booz Allen Hamilton is in the news over two of its former employees: Edward Snowden, the whistleblower, and James Clapper, U.S. intelligence czar. A review of Booz Allen's own high level conflicts of interest and shoddy work suggests that Congress should target the company, not the messenger.

Myriad Loses Patent to Breast Cancer Genetic Test
by Richard SmallteacherCorpWatch Blog
June 13th, 2013
Myriad Genetics has lost its right to be the exclusive U.S. commercial provider of genetic screening tests for breast cancer or ovarian cancer. The American Civil Liberties Union (ACLU), which sued the company, claimed that the patent would limit scientific research as well as health care options for women.

Google & Facebook Discussed Secret Systems for U.S. to Spy on Users
by Pratap ChatterjeeCorpWatch Blog
June 8th, 2013
Google and Facebook have discussed – and possibly built – special portals for the U.S. government to snoop on user data, according to revelations sparked by an investigative series of articles by Glenn Greenwald of the Guardian.

Cat and Mouse Game for Wall Street Hedge Fund
by Richard SmallteacherCorpWatch Blog
June 4th, 2013
Steve Cohen, the billionaire founder of the most profitable hedge fund in history with $15 billion in assets averaging 30 percent in annual profits for two decades, has become the most watched man on Wall Street. Will he lose all his outside investors and will he go to jail?

Lobbyists for Canadian Pipeline Have Deep Ties to White House
by Pratap Chatterjee
May 31st, 2013
TransCanada and the provincial government of Alberta are paying former advisors to the Obama administration - as well as former staff of the Hillary Clinton and John Kerry presidential campaigns - to help them lobby for the proposed Keystone XL pipeline to transport tar sands fuel to the U.S.

Spinneys Lebanon Criticized for Labor Practices
by Richard SmallteacherCorpWatch Blog
May 28th, 2013
Charbel Nahas, the former Lebanese labor minister, is to appear before a court next month on charges of publishing incorrect information, slander and libel over the labor practices of Spinneys, the Dubai-based Middle Eastern supermarket chain.

Verizon (and Google) Helped U.S. Government to Spy on Reporters
by Pratap ChatterjeeCorpWatch Blog
May 23rd, 2013
Technology companies willingly provided information to U.S. government agencies to help the Obama administration snoop on reporters from the Associated Press and Fox news in order to ostensibly crack down on leaks that pose a “threat” to national security.

H&M Responds Slowly to Bangladesh Factory Collapse Killing 1,100
by Puck LoCorpWatch Blog
May 19th, 2013
H&M (Hennes & Mauritz), a major Swedish “fast fashion” retailer, led 30 international companies this week to commit to a new $3 billion fund to improve the safety of garment factories in Bangladesh. Watchdog organizations say the companies acted only because of external pressure by activists and workers.

Ranbaxy Pays $500 Million Fine for Selling Bad Batches of Generic Medicines
by Pratap ChatterjeeCorpWatch Blog
May 14th, 2013
Ranbaxy, a subsidiary of Japanese pharmaceutical company Daiichi Sankyo, has paid a $500 million fine and pled guilty to selling adulterated drugs manufactured in India. The settlement comes 16 months after the company signed an agreement with U.S. authorities to change its ways.

Ukraine Egg King Global Plans Fail North Carolina Farmers
by Puck LoCorpWatch Blog
May 10th, 2013
Farmers in North Carolina are regretting the day that they put their trust in the Egg King - Oleg Bakhmatyuk – a billionaire agricultural investor from the Ukraine. Over 100 farmers are suing a subsidiary of his global empire for almost $10 million for reneging on chicken sales contracts.

Neither Admit Nor Deny: Big Business Allowed To Pay Millions to Avoid Jail
by Pratap ChatterjeeCorpWatch Blog
May 5th, 2013
Record fines adding up to $36 billion have been paid out in the last 12 years by multinational corporations to the U.S. government to settle charges of corruption and fraud. But are they getting away with a slap on the wrist to avoid prosecution for major crimes?

Benetton, Others Tied to Bangladesh Factory Disaster: 400 Killed
by Pratap ChatterjeeCorpWatch Blog
May 1st, 2013
Multinationals like Benetton have tried to distance themselves from Rana Plaza, a Bangladeshi building housing five clothing factories, that collapsed last week killing over 400. Activists argue that change will only come when workers get more political support to challenge them.

Arch Coal Denied Permission to Blow Up West Virginia Mountain
by Puck LoCorpWatch Blog
April 25th, 2013
A subsidiary of Arch Coal of St. Louis, Missouri, was denied permission to dump nearly three billion cubic feet of dirt into local headwater streams after blowing up a mountain in West Virginia. The object was to extract coal from a project known as the Spruce No. 1 Surface Mine.

Arch Coal Wants Permission to Blow Up West Virginia Mountain
by Puck LoCorpWatch Blog
April 24th, 2013
A subsidiary of Arch Coal of St. Louis, Missouri, wants permission to dump nearly three billion cubic feet of dirt into local headwater streams after blowing up a mountain in West Virginia. The object is to extract coal from a project known as the Spruce No. 1 Surface Mine.

Alstom Officials Paid Bribes To Win Indonesian Coal Contracts
by Pratap ChatterjeeCorpWatch Blog
April 22nd, 2013
Alstom, a French engineering company, has been accused of bribing Indonesian officials to win a lucrative contract to build coal power plans in Sumatra. Frederic Pierucci, a French employee of the company, was arrested and David Rothschild, a U.S. employee, has pled guilty.

Guatemalan Lawsuit Against Canadian Mining Giant May Set Precedent
by Jennifer KennedyCorpWatch Blog
April 19th, 2013
A lawsuit against HudBay Minerals in Canada for human rights abuses in Guatemala is the next case to watch for corporate accountability activists after the U.S. Supreme Court rejected a case against Shell for aiding and abetting human rights abuses in Nigeria.

U.S. Supreme Court Dismisses Lawsuit Against Shell in Nigeria
by Pratap ChatterjeeCorpWatch Blog
April 17th, 2013
In a unanimous ruling, the U.S. Supreme Court dismissed a lawsuit against Shell in Nigeria for human rights abuses in the Ogoni region. The ruling effectively blocks other lawsuits against foreign multinationals for human rights abuse that have occurred overseas from being brought in U.S. courts.

Protests Against Posco Steel Plant Mount In India
by Freny ManeckshaCorpWatch Blog
April 14th, 2013
For over a month, villagers in the eastern Indian state of Odisha have been conducting a sit-in to demand the withdrawal of armed police officers at the site of a proposed $12 billion steel complex to be built by Pohang Iron and Steel Company (POSCO) of South Korea.

KPMG Senior Partner Caught for Insider Trading
by Pratap ChatterjeeCorpWatch Blog
April 9th, 2013
KPMG, the fourth biggest accounting firm in the world, has announced that it has fired Scott London, one of its top partners. New reports indicate that London was let go for providing insider information on two companies – Herbalife and Skechers.

Mehadrin "Jaffa" Oranges May Come from Occupied Palestinian Land
by Puck LoCorpWatch Blog
April 4th, 2013
Jaffa oranges sold in European supermarkets labeled "Made in Israel" may have been grown and packaged in the occupied Palestinian West Bank, according to a report from the Boycott Divest Sanction (BDS) movement, an international coalition of Palestinian NGOs and activists.

Cyprus Banks Gamble Away Russian Billions
by Pratap ChatterjeeCorpWatch Blog
April 2nd, 2013
What role did senior executives of the Bank of Cyprus and Laiki Bank play in the collapse of Cyprus banking? Billions of euros - mostly invested by Russians and Ukranians attempting to dodge taxes - have been gambled away in the last few years.

Boeing Helps Kill Proposed Law to Regulate Drones
by Pratap ChatterjeeCorpWatch Blog
March 30th, 2013
Boeing, the aircraft manufacturing giant from Seattle, helped defeat a Republican proposal in Washington state that would have forced government agencies to get approval to buy unmanned aerial vehicles, popularly known as drones, and to obtain a warrant before using them to conduct surveillance on individuals.

Monsanto Bullies Small Farmers Over Planting Harvested GMO Seeds
by Puck LoCorpWatch Blog
March 24th, 2013
Does Monsanto own all future generations of genetically modified seeds that it sells? The Missouri-based agribusiness giant wants farmers to pay a royalty to plant any seed that descended from a patented original. The legal decision has ramifications for other patented "inventions" that reproduce themselves like strands of DNA.

Wall Street Giants – JP Morgan and SAC – Hauled Up On Fraud Allegations
by Pratap ChatterjeeCorpWatch Blog
March 15th, 2013
JP Morgan - the Wall Street investment bank - and SAC - a major hedge fund - were hauled up Friday for alleged fraud. JP Morgan was questioned at a U.S. Senate hearing about hiding trading losses while SAC agreed to pay $614 million to settle insider trading charges.

“Fat Cat” Laws Approved In Europe To Curb Excessive Corporate Pay
by Puck LoCorpWatch Blog
March 8th, 2013
Nearly 70 percent of Swiss voters approved a “fat cat” referendum that would prohibit “golden handshake” bonuses to departing corporate bosses while the European Union approved legislation limiting bankers executive bonuses to a maximum of one year’s salary, or twice that amount if a majority of shareholders approve.

Sierra Leone Farmers Evicted for Sugarcane Biofuel Plantations
by Jennifer KennedyCorpWatch Blog
March 5th, 2013
Addax Bioenergy, a Swiss energy company, is jeopardizing the livelihoods of thousands of subsistence farmers in order to export ethanol made from sugarcane grown in Sierra Leone, according to the Sierra Leone Network on the Right to Food and Brot Für Alle, an NGO based in Switzerland.

BP Goes on Trial for Deepwater Horizon Explosion
by Pratap ChatterjeeCorpWatch Blog
March 2nd, 2013
BP, the UK oil company, went on trial this week for the 2010 Deepwater Horizon drilling rig explosion in the Gulf of Mexico. The company could be fined up to $30 billion over the $25 billion it has promised if the court finds that it was "grossly negligent.”

U.S. Prosecutors Build Case Against Steve Cohen, Hedge Fund Billionaire
by Pratap ChatterjeeCorpWatch Blog
February 24th, 2013
SAC Capital is one of the most profitable hedge funds in history with $15 billion in assets averaging 30 percent in annual profits for 20 years running. Today Wall Street is watching nervously as U.S. government lawyers work on a case against billionaire founder Steven Cohen for insider trading.

Capita Bungles Deportation of Irregular Migrants in UK
by Lily SmithCorpWatch Blog
February 18th, 2013
Capita, a UK outsourcing company, sent text messages to thousands of people in the UK, asking them to leave the country, as part of a privatized deportation scheme. Unfortunately hundreds of people that they targeted were in the country legally.

Sweet Nothing: UK Food Giant Avoids Taxes on Zambia Sugar
by Pratap ChatterjeeCorpWatch Blog
February 15th, 2013
Associated British Foods (ABF), a UK company that makes Silver Spoon sugar, pays almost no taxes on its profitable Zambian sugar subsidiary, according to a new ActionAid report. The authors allege ABF has avoided estimated taxes of $27 million since 2007, enough to put 48,000 Zambian children in school.

Raytheon Video Claims Riot Software Can Track Users Via Social Networks
by Pratap ChatterjeeCorpWatch Blog
February 13th, 2013
Raytheon, a U.S. military manufacturer, is selling a new software surveillance package named “Riot” that claims to predict where individuals are expected to go next using technology that mines data from social networks like Facebook, Foursquare and Twitter.

Medical Trial Data Activists Score Win Over Glaxo
by Pratap ChatterjeeCorpWatch Blog
February 7th, 2013
All data on completed medical experiments are to be made available to the general public by GlaxoSmithKline, the biggest UK pharmaceutical company. The announcement is a major win for the AllTrials campaign mounted by healthcare activists as well as researchers that has gathered widespread support.

“Alchemy” Investigation Alleges Wall Street Fraud at Standard & Poor’s
by Pratap ChatterjeeCorpWatch Blog
February 5th, 2013
The medieval alchemists claimed they could turn ordinary metals into gold. Analysts at Standard & Poors (S&P), Wall Street’s top ratings agency, claimed that bad loans to poor people were wildly profitably. A U.S. government investigation alleges that S&P financial analysts are no different from the hucksters of yore.

Construction Company Bribery Scandal Threatens Spanish Ruling Party
by Pratap ChatterjeeCorpWatch Blog
February 4th, 2013
Executives from three major Spanish construction companies are in the limelight for allegedly contributing to a slush fund for the Partido Popular, the Spanish ruling party: Fomento de Construcciones y Contratas from Barcelona, Obrascón Huarte Lain and Sacyr Vallehermoso from Madrid. The scandal has rocked the conservative government of Mariano Rajoy.

Tar Sands Activist Interrupts Texas Oil & Gas Conference
by Puck LoCorpWatch Blog
January 31st, 2013
A climate change activist locked himself to a projector screen at an oil and gas conference in Texas today interrupting a TransCanada executive who was making a presentation on a pipeline from Alberta to the U.S. Instead 300 astonished attendees heard an impassioned presentation about TransCanada’s poor safety record.

Nestlé Found Guilty of Spying on Swiss Activists
by Pratap ChatterjeeCorpWatch Blog
January 30th, 2013
Nestlé, the world’s largest food company, has been found guilty of spying on Swiss activists in 2003 with the help of Securitas, a private security company. Jean-Luc Genillard, president of the Lausanne civil court, told the two companies to pay $3,267.55 to each of nine victims.

Chevron Sues Its Own Shareholders In Ecuador Compensation Battle
by Puck LoCorpWatch Blog
January 24th, 2013
U.S. oil giant Chevron’s latest move in an epic legal battle waged against indigenous Ecuadorian villagers involves serving legal papers on journalists, a New York state government official, Google, Yahoo!, Microsoft, a host of environmental groups, and even its own shareholders.

Morgan Stanley Knew About “Nuclear Holocaust” Mortgage Loans, Taiwanese Lawsuit Reveals
by Pratap ChatterjeeCorpWatch Blog
January 23rd, 2013
Morgan Stanley, a major U.S. investment bank, was well aware of the problems in the sub-prime mortgage market as far back as 2005, according to documents just released in a New York court under a lawsuit brought by the China Development Industrial Bank from Taiwan.

“Cyberazzi” – Data Mining Companies Investigated for Invasion of Privacy
by Pratap ChatterjeeCorpWatch Blog
January 21st, 2013
The paparazzi hide in bushes and use telephoto lenses to snap pictures of celebrities. The “cyberazzi” parachute into web browsers and sneak up behind mobile phones to spy on ordinary people. Nine such data mining companies must report what personal information they gather for sale by next week.

Frackademia: How the Fracking Industry Tries To Bully Or Buy Scientists
by Puck LoCorpWatch Blog
January 18th, 2013
Range Resources, a Texas company, bullied the federal government into dropping a scientific report on environmental contamination caused by fracking, a new investigation has just revealed. This comes on the heels of two major pro-fracking academic reports that had to be withdrawn in 2012.

Argentine Farm Sales Raise Questions of Land Speculation By Soros
by Pratap ChatterjeeCorpWatch Blog
January 15th, 2013
Hedge fund billionaire George Soros is making a killing buying and selling farmland in South America after converting them to biofuel production. While this has caused the land prices to increase dramatically, the ecological impact is questionable.

Thanks But No Thanks: Insurance Company Considers Suing Uncle Sam After Rescue
by Puck LoCorpWatch Blog
January 9th, 2013
American Insurance Group (AIG), the world’s largest insurance company, considered suing the U.S. government over the terms of a massive $182 billion bailout that rescued it from almost certain bankruptcy.

U.S. Banks Win Mortgage Fraud Settlement, Borrowers Lose
by Pratap ChatterjeeCorpWatch Blog
January 8th, 2013
Ten major U.S. banks settled charges of illegally kicking people out of their homes for pennies on the dollar, under two agreements with the government. The biggest beneficiary is Bank of America which will win a get-out-of-jail free card for selling fraudulent loans to the government.

Walmart Faces Increased Scrutiny Over Bangladesh Sweatshop Fire
by Puck LoCorpWatch Blog
January 7th, 2013
Walmart is coming under increased scrutiny for its ties to a garment factory in Dhaka where 112 workers were trapped and killed in a fire in late November 2012. The company, which buys $1 billion in clothing a year from Bangladesh, initially tried to deny any connection.

South African Gold Miners Sue Over Deadly Lung Disease
by Pratap ChatterjeeCorpWatch Blog
January 3rd, 2013
Thousands of gold miners have asked permission from South African courts to sue some 30 mining companies over negligence in health and safety that the miners allege has caused them to contract silicosis, a debilitating and potentially fatal lung disease.

Deadly Conflict Over Honduran Palm Oil Plantations Spotlights CEO
by Jennifer KennedyCorpWatch Blog
December 31st, 2012
Miguel Facussé, the owner of Dinant Corporation in the Honduras, has come under scrutiny for the human rights abuses against farmers in the Bajo Aguán valley, where his company is cashing in on a boom in palm oil demand, fueled by loans from major donors like the World Bank.

H&M Targeted for Uzbek Cotton Allegedly Grown with Forced Labor
by Puck LoCorpWatch Blog
December 27th, 2012
Swedish company H&M, the world’s second-largest clothing retailer, is under pressure to cut ties with supplier South Korea-based Daewoo International and others that purchase cotton from Uzbekistan, where the government allegedly forces children and adults to harvest the white fiber for little or no pay.

Forever 21 Fails to Comply With Federal Sweatshop Investigation
by Puck LoCorpWatch Blog
November 30th, 2012
Clothing chain retailer Forever 21 has been sued by the U.S. government for ignoring a subpoena requesting information on how much the company’s suppliers pays the workers who make its clothes. Anecdotal evidence suggests that the salaries are well under the federal minimum wage of $7.25 an hour.

Smokeless Tobacco Lobbyists Set Off European Alarms
by Pratap ChatterjeeCorpWatch Blog
November 23rd, 2012
A clandestine lobbying effort at the European Union (EU) by Swedish Match company to get legislators to lift a ban on a special kind of smokeless tobacco has forced the resignation of a top European bureaucrat and prompted renewed calls to strengthen rules on undue business influence in Brussels.

India’s Retail Sector: Ripe for the Picking
by Freny ManeckshaSpecial to CorpWatch
November 19th, 2012
A decision by the Indian government to allow foreign multinationals to invest in the country’s $500 billion retail market is expected to spell the death knell for thousands of small, family-owned shops and even threatens street hawkers, who have supplied local neighborhoods for generations.

Contractors Alleged to Abuse Alcohol, Drugs, Guns at Parties In Afghanistan
by Puck LoCorpWatch Blog
November 14th, 2012
Jorge Scientific Corporation, a military contractor with nearly a billion dollars in U.S. government contracts, is being sued by former employees for “shocking misconduct” in Afghanistan. The charges include illegal and reckless use of firearms, abusing alcohol and drugs and billing the government for property destroyed during raucous parties.

Argentine Judge Freezes Chevron Assets To Pay $19 Billion Ecuador Fine
by Pratap ChatterjeeCorpWatch Blog
November 12th, 2012
Adrian Elcuj Miranda, a judge in Buenos Aires, has ordered the seizure of Chevron’s assets in Argentina, to force the company to pay a $19 billion penalty for polluting the Amazon in Ecuador.

Indigenous Protestors Against Guatemala Energy Company Targeted
by Jennifer KennedyCorpWatch Blog
November 10th, 2012
Six demonstrators were killed and dozens injured when the Guatemalan military fired into a group of indigenous Maya-K'iche' gathered on the Inter-American highway to protest rising electricity charges from Energuate, a major national power company owned by a private equity firm created by the UK government.

Agribusiness Buys California Votes
by Pratap ChatterjeeCorpWatch Blog
November 6th, 2012
Big corporations bankrolled candidates for the 2012 elections in both the Democratic and Republican parties and bought their votes lock, stock and barrel, contributing over $2 billion out of the $6 billion spent this year. The biggest impact was on a California battle to require labeling of genetically altered products.

U.S. Sues Bank of America for $1 Billion in Bad Mortgages
by Puck LoCorpWatch Blog
October 29th, 2012
Federal prosecutors are suing Bank of America for selling fraudulent loans to Fannie Mae and Freddie Mac, two government-sponsored mortgage finance companies. The government alleged that the multinational sold over $1 billion in bad mortgages that led to numerous foreclosures.

Starbucks: Espresso for Investors, Watery Americano in UK Taxes
by Pratap ChatterjeeCorpWatch Blog
October 26th, 2012
Starbucks, the Seattle-based international coffee chain, has been accused of tax avoidance in the UK. Between 1998 and 2011 the company has made £3 billion in sales but paid out just £8.6 million in taxes on sales from its 735 stores in the country.

UK Pathology Labs Suffer In Quality Under Serco Management
by Puck LoCorpWatch Blog
October 24th, 2012
Privatization of major medical laboratories from the National Hospital Service (NHS) in Britain has led to a dramatic decline in service quality, according to a “Transforming Pathology, the Serco way,” a recent report from UK-based researchers Corporate Watch.

Taiwanese Display Manufacturer Fined $500 Million for Price-Fixing
by Puck LoCorpWatch Blog
October 22nd, 2012
Taiwanese company AU Optronics and its U.S. subsidiary were fined $500 million by a U.S. judge for conspiring to artificially inflate the prices of liquid crystal display (LCD) screens in a verdict handed down last month. Two former AU Optronics executives were also given three-year prison sentences.

Damming the Ngäbe: Aftermath of an AES Power Project in Panama
by Jennifer Kennedy
October 15th, 2012
Well over a year after AES Corporation, a U.S. based power company headquartered in Arlington, Virginia, inundated the lands of the Ngäbe to build a hydroelectric dam in Panama, many in the community remains dispossessed.

Seven Irish Banks Investigated for Insurance Scam
by Pratap ChatterjeeCorpWatch Blog
October 8th, 2012
Seven Irish banks are being investigated by the Central Bank of Ireland for selling consumers insurance policies that they did not need. Tens of thousands of Irish consumers could get as much as €3,000 ($3,900) each in refunds.

BP Wants To Blame Workers For Deepwater Horizon Spill, Says U.S.
by Puck LoCorpWatch Blog
September 27th, 2012
BP, the British oil company, is attempting to blame "blue collar workers" for the Deepwater Horizon spill in 2010, alleges the U.S. government. Federal lawyers say the company is trying to divert attention from management failures of "gross negligence."

Mongolian Nomadic Herders Worry About Impact of Rio Tinto's Gold Mine
by Puck LoCorpWatch Blog
September 24th, 2012
Mongolian livestock herders are worried that a series of massive gold and copper mining projects spearheaded by UK-based Rio Tinto will dry up scarce water reserves and exacerbate desertification in the delicate Gobi Desert when operations begin next year to tap one of the world’s largest copper and gold deposits.

Private Prison for Asylum Seekers on Pacific Island
by Pratap ChatterjeeCorpWatch Blog
September 17th, 2012
Transfield Services, an Australian logistics company that provides services to the mining and oil industry among others, has won a $25.9 million contract from the government of Australia to run a detention center for asylum seekers in the Pacific island nation of Nauru.

Stanford Organics Study A “Fraud” – Linked to Cargill & Tobacco Money
by Pratap ChatterjeeCorpWatch Blog
September 13th, 2012
A new study, issued by scientists at the Freeman Spogli institute at Stanford university in California, that suggests that organic food has no medical or health values is deeply flawed, say outraged activists.

Cambodian Activists Call for International Sugar Boycott
by Puck LoCorpWatch Blog
September 11th, 2012
Human rights monitoring groups and Cambodian activists are calling for an international boycott of Tate & Lyle and Domino Sugar, who do business with sugar suppliers accused of participating in government-sanctioned land grabs and illegal evictions throughout rural Cambodia.

Cameroon Palm Oil Plantation Withdraws Sustainability Application
by Pratap ChatterjeeCorpWatch Blog
September 6th, 2012
A subsidiary of Herakles Capital, a New York based investment firm, has decided to cancel its application to join the Roundtable on Sustainable Palm Oil (RSPO) after environmental groups alleged that its 73,086 hectare project in southwestern Cameroon would threaten the sustainability of the local community.

Big Tobacco Battles Advertising Restrictions
by Pratap ChatterjeeCorpWatch Blog
August 30th, 2012
Big Tobacco is fighting a multi-pronged battle to defeat a global wave of laws to force them to use graphic warning labels and plain packaging. It has won a major legal battle in the U.S. this month but it has lost in Australia.

Payments to Saudi Generals Investigated in UK Military Contract Bribery Case
by Pratap ChatterjeeCorpWatch Blog
August 29th, 2012
A contract between a British subsidiary of European Aeronautic Defence and Space Company and Sangcom, the communications arm of the Saudi National Guard, is being investigated after Ian Foxley, a former project manager, blew the whistle.

Gazprom Arctic Oil Rig Blockaded By Greenpeace
by Pratap ChatterjeeCorpWatch Blog
August 28th, 2012
Sailors working for Gazprom, the Russian oil giant, used water cannons to remove Greenpeace activists who were protesting their plans to drill in the Arctic. The environmental group took action to signal the potential for a catastrophic environmental disaster as well as the impact on climate change.

Grupo San Jose Linked to Bulldozing of Land of Paraguayan Uncontacted Tribe
by Pratap ChatterjeeCorpWatch Blog
August 27th, 2012
Grupo San Jose, a Spanish construction company, has been linked to the bulldozing the forest home of the Ayoreo, one of the last uncontacted tribes outside the Amazon. The indigenous community lives in the Chaco forests, a semi-arid zone in northern Paraguay.

Obama Administration Backs Shell in Supreme Court Case
by Puck LoCorpWatch Blog
August 24th, 2012
The Obama administration is backing Shell Oil after abruptly changing sides in a landmark U.S. Supreme Court case that could make it even more difficult for survivors of human rights abuses overseas to sue multinational corporations in federal courts. The case will be heard on October 1.

Turmoil at South Africa’s Platinum Mines
by Pratap ChatterjeeCorpWatch Blog
August 23rd, 2012
A third wildcat strike this year has closed yet another South African platinum mine less than a week after the police opened fire and killed 34 miners at the Lonmin mine north of Johannesburg. One reason for the clash is a war between rival unions.

Indian Supreme Court to Hear Novartis “Patents Versus Patients” Case
by Pratap ChatterjeeCorpWatch Blog
August 21st, 2012
Novartis, the Swiss pharmaceutical company, will appear before the Indian Supreme Court Wednesday to appeal against a patent rejection for a popular cancer drug. A decision in favor of the company could have a devastating impact on cheap supplies of many kinds of generic drugs for poor patients.

Serengeti Under Threat from UAE Big Game Hunting Company
by Pratap ChatterjeeCorpWatch Blog
August 20th, 2012
Serengeti national park is under threat from Ortello Business Corporation in a deal that could displace 48,000 indigenous Maasai and open it up for hunting of lions and leopards. An urgent action by Avaaz, an international campaigning group, has gathered close to a million signatures to protest the scheme.

Hanwha CEO Jailed for Four Years
by Pratap ChatterjeeCorpWatch Blog
August 17th, 2012
Kim Seung-youn, the CEO of the Hanwha group in South Korea, has been sentenced to four years in prison and fined $4.5 million. The jail time marks an unusual departure for the Korean judiciary who typically issue suspended sentences when prominent business bosses are found guilty.

Seven Banks Under Investigation for Global Interest Rate Scandal
by Pratap ChatterjeeCorpWatch Blog
August 16th, 2012
Seven international banks have been served with subpoenas over the global interest setting scandal. Barclays, Citigroup, Deutsche Bank, HSBC, JPMorgan Chase, Royal Bank of Scotland and UBS – have been asked to provide relevant “documents and communications” to the New York attorney-general.

TrapWire Leaks Shine Light on New Video Tracking Technologies
by Pratap ChatterjeeCorpWatch Blog
August 14th, 2012
TrapWire, am intelligence contractor founded and run by former CIA officers, offers to track “suspicious” activities from surveillance video footage. The company has been spotlighted in a new Wikileaks release.

Blackwater Pays Millions To Settle Arms Smuggling Charges
by Pratap ChatterjeeCorpWatch Blog
August 9th, 2012
Blackwater has agreed to pay the U.S. government $7.5 million to settle 17 federal criminal charges that include supplying guns to the king of Jordan and offering private security and military training services to South Sudan without a license.

Pfizer Admits Bribery in Eight Countries
by Pratap ChatterjeeCorpWatch Blog
August 8th, 2012
Pharmaceutical giant Pfizer has agreed to pay a total of $60.2 million in penalties to U.S. government regulators to settle documented charges of bribery in eight countries: Bulgaria, China, Croatia, Czech Republic, Italy, Kazakhstan, Russia, and Serbia.

Hospital Corporation of America Allegedly Profited From Questionable Cardiac Procedures
by Pratap ChatterjeeCorpWatch Blog
August 7th, 2012
Hospital Corporation of America (HCA) – the world’s largest operator of private clinics and hospitals – has come under the spotlight for performing unnecessary cardiac procedures, notably in Florida.

Chevron Face Opposition Over Eastern Europe Fracking Plans
by Pratap ChatterjeeCorpWatch Blog
August 6th, 2012
Chevron - the Northern California-based oil and gas company – has been quietly acquiring rights to drill for natural gas in Eastern Europe using “fracking” technology – a controversial technique. However, grassroots opposition in Bulgaria and Romania has thwarted the companies plans so far.

Congo Copper Mine Deals Questioned
by Pratap ChatterjeeCorpWatch Blog
August 2nd, 2012
Eurasian Natural Resources Corporation has won a $101.5 million license to dig for copper in the Democratic Republic of Congo. The company has been questioned by Global Witness for possible links to corrupt Congolese officials.

Malaysian Water Company Claims To Have Run Dry
by Pratap ChatterjeeCorpWatch Blog
August 1st, 2012
Syabas, a private water company in Malaysia, has threatened to start water rationing in the state of Selangor after claiming that it had almost no water reserves left. Critics claim that the threat is a ploy to win more lucrative contracts and to favor a rival political party.

Clash At Maruti Suzuki Car Factory Reflects Failures Of India, Inc.
by Freny ManeckshaCorpWatch Blog
July 30th, 2012
Hundreds of workers at a Haryana factory for India's biggest carmaker - Maruti Suzuki - are being rounded up by police after a violent clash left a manager dead. The incident has become a symbol of the clash between winners and losers in the country's economic boom.

Nomura CEO Resigns Over Insider Trading Scandal
by Pratap ChatterjeeCorpWatch Blog
July 26th, 2012
Kenichi Watanabe and Takumi Shibata, the CEO and chief operating officer of Nomura, have resigned over several recent insider trading scandals at the Japanese multinational conglomerate. The revelations are the latest in a series of events that have shone a welcome spotlight on seamier side of the financial industry.

Mystery Threats Dog Russian Activists Fighting Vinci Highway Joint Venture
by Pratap ChatterjeeCorpWatch Blog
July 25th, 2012
A mysterious fire and a missing activist have contributed to the concerns of Russian activists fighting a new highway between Moscow and St. Petersburg. The highway is being built by a consortium that involves Vinci, a French construction multinational, and individuals rumored to be close to prime minister Vladimir Putin.

Bolivia pushes back against Swiss commodities giant Glencore
by Carmelo Ruiz-MarreroCorpWatch Blog
July 24th, 2012
Glencore corporation, the secretive Swiss commodities giant which has become one of the world's biggest trader of grain, oil and minerals, has hit an unlikely roadblock. The Bolivian government nationalized the Colquiri tin and zinc mine, the third Glencore asset to be seized by the state in five years.

U.S. Federal Agencies Targeted Employees With Commercial Spy Software
by Pratap ChatterjeeCorpWatch Blog
July 23rd, 2012
SpectorSoft spyware is the latest tool to be employed by some U.S. government officials to conduct surveillance on staff, The Florida company has been revealed to be selling “keylogger” software to the U.S. Food and Drug Administration (FDA) to track every digital move of certain employees.

HSBC Bank Apologizes for Laundering Mexican Drug Cartel Money
by Pratap ChatterjeeCorpWatch Blog
July 20th, 2012
HSBC, one of the world’s largest banks, has been accused of laundering money for Mexican drug cartels. At a hearing conducted by the U.S. Senate earlier this week, David Bagley, HSBC's head of compliance, apologized and resigned.

Court to Hear Challenge to Myriad’s Human Gene Patent
by Pratap ChatterjeeCorpWatch Blog
July 19th, 2012
Should a private company be allowed to patent isolated human genes? A lawsuit to be heard Friday pits Myriad Genetics of Utah against the American Civil Liberties Union (ACLU). Myriad wants to be the exclusive U.S. commercial provider of genetic screening tests for breast cancer or ovarian cancer.

Private Hedge Fund "Alpha" Surveys Allow Wealthy Clients to Profit From "Insider" Views
by Pratap ChatterjeeCorpWatch Blog
July 17th, 2012
BlackRock and Two Sigma Investments – both major hedge funds - have been conducting regular private surveys of brokers for wealthy clients. The practice has raised red flags because of Morgan Stanley's role in the Facebook stock market flotation, as well as insider trading scandals at Goldman Sachs.

United Nations, Olympics Accused of Using “Unaccountable” Private Security
by Pratap ChatterjeeCorpWatch Blog
July 13th, 2012
Two global institutions – the United Nations and the Olympic Games – face charges that they are using “unaccountable and out of control” private security contractors. One of the companies at the heart of both controversies is G4S, a private security company in the UK.

Protestors Halt Copper Alloy Plant In Sichuan Province
by Pratap ChatterjeeCorpWatch Blog
July 11th, 2012
Protestors have forced Sichuan Hongda to cancel plans to build a $1.6 billion copper alloy plant in Shifang city in southwestern China, because of pollution concerns. The halt has been hailed as a major victory by environmental activists against corporate and government power.

Iowa Company Linked to Refugee Abuses In Tanzania
by Pratap ChatterjeeCorpWatch Blog
July 10th, 2012
AgriSol, an Iowa company, has been linked to plans to evict 160,000 Burundian refugees from Katumba and Mishamo in western Tanzania, according to “Lives on Hold,” a new report by the Oakland Institute.

Barclays Bank Fine Reveals Global Rate Setting Scandal
by Pratap ChatterjeeCorpWatch Blog
July 6th, 2012
A record $450 million fine for fixing rates at which banks lend to each other has been levied on Barclays bank in the UK, shining a light into how banks set – and manipulate - rates at which $360 trillion in international deposits are loaned out every day.

Greenwashing the Olympics
by Daniel NelsonCorpWatch Blog
July 4th, 2012
Rio Tinto has been named as early front-runner for the Greenwash Gold award for the worst Olympic sponsor, with BP in second place and Dow Chemical third. The three corporations have paid millions to stick their names all over Olympic promotional material and activities.

Monsanto Faces $7.5 Billion Payout to Brazilian Farmers
by Carmelo Ruiz-MarreroCorpWatch Blog
June 28th, 2012
Monsanto, the largest seed corporation in the world, has long dealt out severe legal sanctions against farmers it suspects of "pirating" its seed. Now farmers in Brazil have turned the tables on the company which may have to pay out $7.5 billion.

Rio+20 Summit Weasels Out On Holding Corporations to Account
by Daniel NelsonCorpWatch Blog
June 20th, 2012
The 2012 United Nations Rio+20 Conference on Sustainable Development event comes after two decades of major changes in the global environment since the 1992 Earth Summit. One of the biggest differences is the enormous growth in corporate power which will not be addressed by the agreements on the table.

Spies in Africa’s Skies: New Contractors for the Pentagon
by Pratap ChatterjeeCorpWatch Blog
June 18th, 2012
Sierra Nevada Corporation from Sparks, Nevada, and R-4, Inc. from Eatontown, New Jersey - are two companies at the forefront of the covert war in Africa, where they operate small Swiss aircraft to spy on behalf of the U.S. Special Operations Command.

Do Not Pay Dozen: 12 CEOs Who Met Shareholder Spring Revolts
by Pratap ChatterjeeCorpWatch Blog
June 14th, 2012
Martin Sorrell, CEO of WPP, the global ad agency, was defeated in his attempt to get shareholders to approve his $20 million (£13 million) a year salary. His was at least the 12th in a series of shareholder revolts against excessive compensation this spring.

Fake Drug Plague or Pharmaceutical Industry Attack on Generics?
by Pratap ChatterjeeCorpWatch Blog
June 13th, 2012
Are Africa and South East Asia just suffering from a deluge of fake medicines that is causing disease resistance to rise? Or are they also suffering from a deluge of poorly informed media articles, encouraged by the pharmaceutical industry that wants to make war on generic drugs?

Forgiving Siemens: Unraveling a Tangled Tale of German Corruption in Greece
by Lena Mavraka and Vasilis PapatheodorouSpecial to CorpWatch
June 11th, 2012
To understand the pervasive corruption in Greek politics, it is necessary to examine the company that has probably paid the biggest bribes to both major parties: Siemens from Munich, Germany, a company with contracts in practically every ministry from culture to telecommunications.

Fracking Billionaire Faces Shareholder Anger
by Pratap ChatterjeeCorpWatch Blog
June 8th, 2012
Aubrey McClendon, the founder and CEO of Oklahoma-based Chesapeake Energy, who championed natural gas to the extent of paying environmental groups to oppose coal, is facing angry shareholders for his profligate ways. Chesapeake is one of the leading users of fracking - an environmentally questionable method of extracting natural gas.

How to Make A (Foreign) Wall Street Bank Vanish
by Pratap ChatterjeeCorpWatch Blog
June 7th, 2012
How Deutsche Bank made its U.S. arm vanish from the records maintained by the Federal Reserve and saved itself from locking up $20 billion in deposits. (Hint: Hire a lobbyist on Capitol Hill)

Beef from Brazil: JBS Faces Allegations of Amazon Deforestation
by Pratap ChatterjeeCorpWatch Blog
June 6th, 2012
The Xavante tribe in western Brazil and the Parakana tribe in the north-east are separated by a thousand miles of the Amazon basin but they face a common threat: the sprawling global beef export empire controlled by the Batista family from the state of Goiás.

Coral Before Coal: Great Barrier Reef Projects Halted
by Pratap ChatterjeeCorpWatch Blog
June 5th, 2012
A $6.3 billion coal mine project in the Galilee Basin in Queensland that could impact the Great Barrier Reef, has been halted by Tony Burke, Australian environment minister. The Alpha project is the first of several major coal projects being pushed by Campbell Newman, the premiere of Queensland.

Coffee Colonialism: Olam Plantation Displaces Lao Farmers
by Beaumont SmithSpecial to CorpWatch
June 4th, 2012
Olam International, a Singapore based multinational, is growing coffee for export in Paksong, southern Laos. The land for the plantation was seized by Sonesay Siphandone, the district governor, from the upland Nha Huen/Yahern community who have been left without food to eat.

Ikea Furniture Made From Ancient Russian Trees
by Pratap ChatterjeeCorpWatch Blog
May 31st, 2012
Kalevala, a 19th century epic poem from Finland, was inspired by traditional verses from the ancient forests on the border of central Finland and Russia. Today some of the 600 year old trees around the Kalevala national park are being chopped up to make cheap furniture for Ikea, according to activists.

Faking Happiness: Activists Strike Back at Vedanta Ad Campaign
by Freny ManeckshaCorpWatch Blog
May 30th, 2012
Vedanta Resources, a UK based mining and metals company with numerous projects in India, is attempting to claim to be social responsible via a huge advertising campaign. However activists have struck back by effectively using social media tools to counter Vedanta's claims.

Whale Wars: Hedge Funds Rob Banks, and the Poor Suffer Most
by Pratap ChatterjeeCorpWatch Blog
May 30th, 2012
One rich bank (JP Morgan) lost money to a rich hedge fund (Saba). Surely that is a zero sum game: They swap mansions and yachts, their partners swap diamonds and butlers, and it makes no difference to the rest of us. Or are they robbing us?

Bailing out Germany: The Story Behind the European Financial Crisis
by Pratap ChatterjeeCorpWatch Blog
May 28th, 2012
A large chunk of the Eurozone bailouts are for speculative schemes that were handed out by banks in just four countries Belgium, France, Germany and the UK. So why are Greece, Ireland, Italy, Portugal and Spain being blamed? And who is really getting bailed out?

How Obama Helped Authorize Shell’s Drilling the Arctic
by Pratap ChatterjeeCorpWatch Blog
May 23rd, 2012
President Barack Obama personally helped Shell obtain authorization to drill for oil in Alaska, according to a new article in the New York Times. This comes a day afer activists launched two reports on the environemental impact of the drilling plans at the company’s annual meeting in the Hague.

CIA "Rendition" Contractors Data Cache To Be Released
by Pratap ChatterjeeCorpWatch Blog
May 22nd, 2012
Details of 6,500 "extraordinary rendition" flights conducted by CIA contractors to transport over 1,100 victims to and from prison sites around the world are to be released by NGOs Reprieve Access Info Europe working in collaboration with Kent University and Kingston University in the UK.

Repsol Sues Argentina for $10 Billion Over YPF Nationalization
by Carmelo Ruiz-MarreroCorpWatch Blog
May 18th, 2012
Repsol, a multinational based in Spain, has brought a class action lawsuit in New York courts against the Argentine government for the re-nationalization of YPF, the former Argentine state oil company. Environmentalists question both parties over the impact of the company.

U.S. Courts to Try Contractors for Torture at Abu Ghraib
by Pratap ChatterjeeCorpWatch Blog
May 17th, 2012
Two U.S. companies can be prosecuted for the alleged role of their employees in torture at the Abu Ghraib prison in Iraq, a U.S. federal court ruled last week. The companies are CACI of Arlington, Virginia, which provided the interrogators at the prison, and L-3/Titan of New York city, which provided translators at the same location.

Budweiser's Buddies in Brussels
by Pratap ChatterjeeCorpWatch Blog
May 16th, 2012
Jean-Luc Dehaene, a Member of the European Parliament from Belgium, recently accepted shares worth $4.2 million in the company that makes Budweiser and Stella Artois. What’s remarkable is that he forgot to mention this as a potential conflict of interest.

CorpWatch 2010-2011 Annual Report: Occupying the Web for 16 Years!
May 15th, 2012
One year ago today, the Occupy movement was born when Los Indignados (The Outraged) gathered in Puerta del Sol square in Madrid to protest big business and government failure to respond to the economic crisis. Here is our report to you about what CorpWatch did to Occupy our small part of the World Wide Web and report on the outrageous stories of corporate malfeasance.

Elsevier Versus Wikipedia: Academics Revolt Against Giant Publisher
by Pratap ChatterjeeCorpWatch Blog
May 11th, 2012
Over 11,000 academics have pledged to boycott Elsevier, the Dutch publishing giant, for profiting off their work and making it unavailable to the general public. Now Jimmy Wales, the founder of Wikipedia, plans to turn the world of corporate academic publishing on its head.

Enbridge, Bank of America CEOs Targeted for Extreme Energy Impacts
by Pratap ChatterjeeCorpWatch Blog
May 10th, 2012
Protestors targeted annual general meetings of Enbridge and Bank of America this week for the devastating environmental consequences of extracting energy from two new and unconventional sources: tar sands and mountain top coal.

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