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A top Army contracting official who criticized a large, noncompetitive contract with the Halliburton Company for work in Iraq was demoted Saturday for what the Army called poor job performance.

The US authorities are expected to unveil a setlement with KMPG over its past sales of allegedly abusive tax avoidance schemes in order to avoid trial.

Under the guise of helping get Iraq back on its feet, the US is setting out to totally re-engineer the country's traditional farming systems into a US-style corporate agribusiness. They've even created a new law - Order 81 - to make sure it happens.

KPMG, the accounting firm under investigation for selling questionable tax shelters, will pay $456 million and accept an outside monitor of its operations under terms of an agreement with prosecutors that heads off an indictment of the firm, people briefed on the deal said yesterday.

LOS ANGELES, Aug. 25 - The attorney general of California sued 39 drug companies on Thursday, accusing them of bilking the state of hundreds of millions of dollars by overcharging for medicines.

Wal-Mart, which last year opened a store near the ancient Teotihuacan pyramids of Mexico despite loud protests from local activists and small businesses, is now seeking a repeat of its earlier victory, this time in two heavily indigenous areas: in Pátzcuaro in the state of Michoacán and Juchitán, in the southern state of Oaxaca. But local opponents are set for a pitched battle.

Federal prosecutors say Giffen, a New York investment banker who became an official in Kazakhstan's government, cemented his power by bribing Kazakh leaders with $84 million that Amoco Corp., Mobil Oil Co., Phillips Petroleum Co. and Texaco Inc. paid to win access to Kazakh fields. In January, Giffen goes on trial in federal district court in New York in one of the largest overseas criminal bribery cases ever.

CNN interviews Pratap Chatterjee of CorpWatch about shareholder activism on the left and on the right.

When individuals sue major corporations, the odds are stacked against them. One woman's fight against an insurance giant details those odds and what it takes to beat them.

British officials are seriously concerned about the level of corruption in the Iraqi defense ministry, after the embezzlement of vast amounts of money earmarked for the country's security forces.
Officials from the British Ministry of Defense had already warned US and Iraqi authorities against the squandering of money -- and have been proved right, on a catastrophic scale.