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Repsol, a multinational based in Spain, has brought a class action lawsuit in New York courts against the Argentine government for the re-nationalization of YPF, the former Argentine state oil company. Environmentalists question both parties over the impact of the company.
In 2003, U.S. Steel bought up the bankrupt Sartid steel mill in the eastern Serbian town of Smederevo for $33 million, the first private enterprise to enter the country after the downfall of former leader Slobodan Milosevic in 2000. On Feb. 1, U.S. Steel sold the mill back for a dollar.
More than 70 juveniles and their families filed a class-action lawsuit Thursday against two former judges who pleaded guilty this month in a scheme that involved their taking kickbacks to put young offenders in privately run detention centers. The two privately operated centers are run by PA Child Care and Western PA Child Care.
The first Greenwash Award goes to Imperial Chemical Industries PLC (ICI)/Zeneca**, for its full page advertisement ''Paraquat and Nature Working in Perfect Harmony.''
Two days after the fatal collapse of a Big Dig tunnel, investigators and an angry public are turning their sights on the project manager, Bechtel Group of San Francisco.
And for the secretive, politically-wired, family-controlled company, it won't be the first time in an uncomfortable spotlight.
Ingolf Rossberg is the mayor of this majestic eastern German city. But watching him stride around his ballroom-size office, wreathed in smoke from his cigarillo, one could mistake him for a European real estate tycoon.
Yet he is that after a fashion. Mr. Rossberg reached a deal in March to sell Dresden's entire stock of 48,000 city-owned apartments to an American private equity firm, the Fortress Investment Group, for $1.2 billion. In a single stroke, Dresden wiped out its burdensome public debt.
On Thursday, the supreme administrative court ruled that the planned sale of the Electricity Generating Authority of Thailand (EGAT), to raise an estimated 892.5 million US dollars, was illegal.
In the past decade, according to a private water suppliers trade group, private companies have managed to extend water service to just 10 million people, less than 1 percent of those who need it. Some 1.1 billion people still lack access to clean water, the United Nations says.
The competition was intense for this season's special Greenhouse Greenwash Award. The TRAC Greenwash Committee received nominations for five of the largest corporate climate culprits on earth: Chevron, Exxon, Mobil and Shell. But BP Amoco, the British company made up of British Petroleum and Amoco combined, one-upped its fellow oil giants to grab the Summer award for Greenhouse Greenwash.
The Internal Revenue Service said Thursday it had told a contractor to stop sending the agency information about political party affiliation in databases used to track down delinquent taxpayers.
The contract to operate the Los Alamos Nuclear Laboratory goes to a public-private partnership: the University of California and Bechtel - the largest private corporation in America, and one with a long history of scandal and not living up to expectations.