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Less than a year ago, officials pressed mines and factories in northern China to shut down or move away to clear the air for the Beijing Olympics. Now, amid the global economic downturn, priorities have shifted. Cumbersome environmental reviews have been accelerated, and China's powerful state oil companies are pushing hard to postpone nationwide rollout of clean air standards due to the billions of dollars required to invest in their refineries to produce clean diesel.
Read MoreThe U.S. government is widening its investigation of offshore tax evasion to include services sold by the First Data Corporation, a large processor of credit card transactions. The I.R.S. alleged that First Data actively marketed and sold offshore services to American merchants, who in turn used the service to help their clients hide taxable income.
Read MoreThe European Commission threatened Britain with sanctions on Tuesday for allowing use of a new advertising technology, created by Phorm, to track the Web movements of customers. The country's largest service provider, BT, acknowledged last April that it used the tool without customers' consent in 2006 and 2007.
Read MoreNew York State prosecutors and the Securities and Exchange Commission are investigating whether the Carlyle Group, one of the nation's largest and most politically connected private equity firms, made millions of dollars in improper payments to intermediaries in exchange for investments from New York's state pension fund.
Read MoreIn a searing opinion, the 13th Court of Appeals has upheld $42.5 million in punitive damages against private prison operator Wackenhut Corrections Corp., now the Geo Group,for the "horrific and gruesome death" of inmate Gregorio De La Rosa Jr. in 2001.
Read MoreThe Obama administration seeks the most ambitious transformation of energy policy in a generation. But Big Oil is not on board. Royal Dutch Shell said last month that it would freeze research and investments in wind, solar and hydrogen power, and focus its alternative energy efforts on biofuels. BP, a company that has spent nine years saying it was moving "beyond petroleum," has been getting back to petroleum since 2007, paring back its renewable program. The list goes on.
Read MoreMultinationals accused of human rights abuses can no longer feel safe now that the oil giant is facing allegations of complicity in the execution of Nigerian activist Ken Saro-Wiwa.
Read MoreFor nearly six years Ramatex Textile and Garment Factory barred government regulators from entering industrial premises leased from the City of Windhoek. Ramatex came to Namibia in 2001, lured by the newly implemented African Growth and Opportunity Act (AGOA). Evidence of environmental violations finally emerged after the company absconded.
Read MoreMore than 90% of Royal Bank of Scotland shareholders voted against the bank's pay and pensions policy at its annual general meeting in Edinburgh. RBS does not have to make any changes as a result, saying it was a "substantive" protest at Sir Fred Goodwin's £703,000 a year pension. Sir Philip blamed RBS's difficulties on its acquisition of the Dutch bank ABN Amro in 2007.
Read MoreGoogle's Street View mapping project ran into local opposition in England, with angry residents in the village of Milton Keynes blocking a Google driver when he started taking photographs of their homes. Villagers accused the company of going too far, violating their privacy and possibly facilitating crime.
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