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An ultra-secretive network rules independent oil trading. Its mentor: Marc Rich

Bechtel Group Inc. agreed to sell its equity in the troubled Dabhol power project for $160 million, according to people involved in the transaction, edging India closer to ending a four-year dispute that has plagued its efforts to boost foreign investment.

Bernard J. Ebbers, the founder and former chief executive of WorldCom, was sentenced to 25 years in prison today for his role in the record $11 billion accounting fraud that brought down the telecommunications company in 2002.

Iraqi workers, particularly the oil workers, are overwhelmingly opposed to any plans to privatise their country's oil industry.

Guard recruiters find themselves in a "bidding war" for highly skilled service veterans, who are being offered lucrative contracts to work as private security contractors in places like Iraq and Afghanistan.

Two whistleblowers who allege that a Fairfax-based contractor cheated taxpayers out of tens of millions of dollars on reconstruction projects in Iraq can proceed with their lawsuit, a judge has ruled. But parts of the ruling could have negative consequences for those who file similar claims against other contractors, according to a lawyer for the whistleblowers.

L-3 Communications has landed a contract with the U.S. Army to provide "intelligence support services in Iraq" worth up to $426 million, another sign that the eight-year-old defense contractor could be on the road to one day rivaling industry heavyweights like Boeing and Lockheed Martin.

The Pentagon expects to complete the conversion of Lockheed Martin Corp.'s $4.1 billion C-130J cargo aircraft contract into a more highly regulated defense contract.

With concern mounting that Nevada gold mines are belching clouds of toxic mercury downwind to neighboring states, officials are being urged to tighten regulations regarding the dangerous pollutant.

Private security contractors operate outside the military chain of command and are not subject to military law, which can lead to resentment and confusion in the field. Contractors, many of them veterans of years in combat, complain that young U.S. troops lack their experience and judgment under pressure. Yet each group cannot carry out its mission in a hostile Iraq without the other.