Agriculture, Beverages & Food

Published by
The New York Times
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Now that many U.S. Sugar workers are reaching retirement age, though, the company has been cashing them out of the retirement plan at a much lower price than they could have received. Unknown to them, an outside investor was offering to buy the company - and their shares - for far more. Longtime employees say they have lost out on tens of thousands of dollars each and millions of dollars as a group, while insiders of the company came out ahead. Read More
Published by
Wall Street Journal
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Indonesia's economy is riding the recent wave of high global commodity prices. But local pressure is arising towards steel makers and power producers in China and India who have diverted coal supplies abroad by locking in 20-year supply contracts with Indonesian miners. Read More
Published by
Inter Press Service (IPS)
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Peasant farmers from the northern Salvadoran province of Cabañas fear that mining operations planned for the region will consume 30,000 litres of water a day, drawn from the same sources that currently provide local residents with water only once a week. Read More
Published by
Wall Street Journal
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With companies eager to tout their "green" credentials to consumers, advertising watchdogs are stepping up efforts to rein in marketers that make false or exaggerated claims. Read More
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Fast food giant McDonald's was just forced to withdraw a controversial program to sponsor report cards in Seminole County, central Florida, in exchange for a Happy Meal coupon on the cover that features an image of Ronald McDonald. (Children with A and B grades, with two or fewer absences or who exhibit good behavior were entitled to pick up a free Happy Meal at their local McDonald's, as long as they presented their report cards. Read More
Published by
IPS News
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In addition to funding conflict, cocoa revenues are believed to have been defrauded for enrichment of persons in both the government and rebel camps. Article also mentions the following corporations: Lev-Ci and Cargill. Read More
Published by
Wall Street Journal
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Prominent American food companies are under scrutiny in a federal probe of possible fraud and corruption in the military's food-supply operations for the Iraq war. Read More
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Which are the world's worst multinationals? Which are the best? These are questions CorpWatch gets asked practically everyday. Just to clarify, we do not rank good corporations or endorse any of them, for several reasons: today's idols sometimes turn out to have feet of clay. And we see our job as investigators of malfeasance. For those who want to do the opposite, there are plenty of groups out there who promote "socially responsible" businesses, and we encourage you to look them up. Read More
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