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Wal-Mart Stores Inc. (WMT.N) could significantly increase employee wages and benefits without raising prices, and still earn a healthy -- albeit smaller -- profit, research released on Thursday concluded.
Managers at a Canadian Wal-Mart forced 40 employess to search the store for explosives following a bomb-threat.
The second Greenwash Award goes to the U.S. transnational corporation WMX Technologies for its advertisement in the ''Financial Times,'' on May 19, 1994. WMX Technologies, formerly Waste Management Incorporated, and sometimes known as Waste Management International, claims that raising environmental standards is its whole business. However, Greenpeace has tracked the activities of WMX and its subsidiaries for almost a decade and has documented the company's nefarious activities around the world, finding that WMX does more to obstruct strict environmental regulations than it does to strengthen them.
A Wal-Mart official said Monday that his firm could be interested in building "10 or 20" stores on city sites during the next five years, but he added that passage of a minimum wage measure by Chicago's City Council could have a chilling effect on the company's plans.
A US interest group on Tuesday sharply criticized the American Academy of Pediatric Dentistry's new partnership with soft-drink giant Coca-Cola, saying the deal will make the dental group a "captive" of Coke.
Italian fashion group Fendi S.R.L. sued Wal-Mart Stores in U.S. federal court on Friday, accusing the world's largest retailer of selling counterfeit handbags and passing them off as genuine at its Sam's Club warehouse stores.
The money you spend in Bloomingdales on goods that are from Burma benefits Burma's military dictators and means more suffering for the 50 million. To make matters worse, worker rights are not enforced in Burma and health and safety standards are virtually nonexistent.
Wal-Mart is facing the threat of a potentially damaging strike at Asda, the UK subsidiary that accounts for about 40 per cent of its international sales, in a dispute with one of the country's largest unions over bargaining rights.
Millard ''Mickey'' Drexler, Gap's chief executive, on Tuesday admitted that the company had ''misread fashion tea leaves'' and violated its own principle of ''keeping things simple'' in making a series of fashion mistakes that led to its reporting a $34m loss.
Nearly 440 letters, mostly complaints, have been sent to a U.S. banking regulator since Home Depot Inc. announced plans in early May to buy a home-improvement lender.
Wal-Mart, the world's biggest retailer and owner of the Asda supermarket chain, is being boycotted by the world's largest pension fund for alleged "serious and systematic" abuses of human and employment rights.
The Ford Motor Company's commercial-free sponsorship of NBC's airing of "Schindler's List," the epic movie about the Holocaust, was a class act. Nevertheless, it would be remiss of us here at CorpWatch, not to point out Ford's contribution to Nazi war efforts.