Labor

Interview with CorpWatch managing editor Pratap Chatterjee, on his forthcoming book, "Halliburton's Army," published by Nation Books and available in books stores on February 2, 2009. Read More

As Bank of America's board meets next week, shareholders have turned up the pressure on CEO Kenneth D. Lewis. Their scrutiny has also turned an unusual spotlight on the oversight role played by the bank's board members. Read More

Robert Rubin will resign from the beleaguered Citigroup. As Treasury secretary during the Clinton administration, Mr. Rubin helped loosen Depression-era banking regulations that made Citigroup's creation possible. He also helped beat back tighter oversight of exotic financial products during that time. Read More

As regulators and shareholders sift through the rubble of the financial crisis, questions are being asked about what role lavish bonuses played in the debacle. Scrutiny over pay is intensifying as banks like Merrill prepare to dole out bonuses even after they have had to be propped up with billions of dollars of taxpayers' money. Read More

In a glimpse at how the nation's loss of more than 600,000 manufacturing jobs this year is boiling over, workers laid off from Republic Windows and Doors, said they would not leave, after company officials announced that the factory was closing. The workers were owed vacation and severance pay and were not given the 60 days of notice generally required by federal law in lay-offs. Read More

Sixteen Indiana national guardsmen filed a lawsuit yesterday against military contractor KBR. The complaint alleges that several reservists contracted respiratory system tumors and skin rashes after guarding reconstruction work at the Qarmat Ali treatment plant, strewn with the toxin chromium dichromate. Read More

Royal Dutch Shell last year suffered more workforce deaths than any other large western oil company. Two employees and 28 contractors were killed working for Shell in 2007. Nine of last year's deaths were in Nigeria, with two people killed in attacks on Shell facilities, and 10 in Russia. Read More

In fresh efforts to stem persisting turmoil in the credit markets, the US Treasury Department is considering partial nationalization of numerous U.S. banks. Insurance giant A.I.G. will also receive a further injection of $37.8 billion. Read More

The administrators of Lehman Brothers' European division have cut 750 jobs at the firm with immediate effect. Read More

About a quarter of the nation's banks lost a combined $10 to $15 billion in the wake of the federal government's takeover of Fannie Mae and Freddie Mac. The losses are galling to small bankers because they took pains to avoid the exotic loans and loose underwriting standards that have hobbled Wall Street titans and some huge banks. Read More