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Big business, whose lust for profit is seen as anathema to sustainable development, must contribute to next month's global summit on poverty and the environment, the man leading corporate interests there said.

Here is one of the most remarkable aspects of the still-unfolding financial scandals swirling around Worldcom, Xerox, Global Crossing, Enron, Arthur Andersen, Tyco and a growing number of other companies: The fraud occurred in the most heavily regulated and monitored area of corporate activity

Of late, there has been much discussion of corruption in the public sector of many developing countries. It was inevitable corruption of public servants that, in part, made it important to privatize in developing countries. Advocates of privatization also lauded the private sector's ability to compete. But I'm not sure these private sector advocates quite had in mind the abilities that American corporate capitalism has demonstrated so amply recently: corruption on an almost unfathomable scale. They put to shame those petty government bureaucrats who stole a few thousand dollars or even a few million. The numbers bandied about in the Enron, WorldCom and other scandals are in the billions, greater than the GNP of many countries.

FRANKFURT -- U.S. computer giant Hewlett-Packard said on Wednesday it plans to cut 5,900 jobs in Europe from a total of 15,000 already announced worldwide, as part of its merger with Compaq Computer Corp.

Premiere showing of Fenceline, an awarding winning PBS documentary about the Cancer Alley community struggle may be viewed in San Francisco on July 11, 2002. There will also be an update on the World Summit on the Environment.

An internal Securities and Exchange Commission memo from 1991 says President Bush repeatedly failed to file timely reports of his business interests and transactions before his election as Texas governor.

Groups hailed Tuesday a sweeping and unprecedented ruling by Africa's premier human rights tribunal that held that the former military regime of Nigeria violated the economic and social rights of the Ogoni people by failing to protect their property, lands, and health from destruction caused by foreign oil companies and the Nigerian security forces.

April's big business-led coup in Venezuela failed, where international finance's coup in Argentina in recent months has succeeded. Greg Palast gives us the inside track on two very different power-grabs.

Northrop Grumman Corp. agreed to pay $7.8 billion in stock for TRW Inc. yesterday in a deal that would complete its transformation from a struggling defense contractor to the second-largest force in the industry.

Not everybody is convinced that Turkmenistan will be the source of a future pipeline in Central Asia. Joseph Naemi, another Iranian born businessmen who splits his time between Sydney, Australia, and Tashkent, Uzbekistan, is working on the possibility that Afghanistan's other major northern neighbor may be a better business bet