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Battle lines are being drawn up as delegates gather for the summit. For some governments, it is an opportunity to promote the role of business in sustainable development. But many campaigners have the opposite goal: to stem the tide of corporate influence over social and environmental policy.
The former chief accounting officer of Enron pleaded guilty today to a single felony charge of securities fraud and agreed to cooperate with federal prosecutors, giving a significant lift to the government's case against the two leading figures in the scandal over Enron's collapse.
German financial giant Deutsche Bank has agreed to a $270 million settlement of claims that it participated in a complex securities fraud orchestrated by a fugitive Saudi arms merchant that bankrupted Minneapolis-based securities firm Stockwalk Group four years ago.
A scandal has rocked the $64 billion global diamond business and tarnished the credibility of one the industry's biggest players,according to a news report Tuesday.
Two groups of investors are suing Diebold Inc., claiming that misleading comments about the company's electronic voting machine business artificially inflated share prices.
Trans-national corporations perpetrating human rights and environmental abuses will answer for their actions - wherever they are. Politicians that ignore or enable these abuses will be exposed.
Soon heading to trial, the former Enron CEO implores -- before a wealthy crowd -- company employees to "stand up" for him.
Corporations carry out some of the most horrific human rights abuses of modern times, but it is increasingly difficult to hold them to account. Economic globalization and the rise of transnational corporate power have created a favorable climate for corporate human rights abusers, which are governed principally by the codes of supply and demand and show genuine loyalty only to their stockholders.
Pollsters, researchers, even many corporate chiefs themselves say that business is under attack by a majority of the public, which believes that executives are bent on destroying the environment, cooking the books and lining their own pockets.
Senate Democrats demanded on Wednesday that several oil executives explain statements they made to Congress last week about their ties to Vice President Dick Cheney's energy task force.
Oil was meant to bring hope and money to this sleepy fishing town
in Cameroon, but Kribi's residents say they can barely make ends meet.
Senators from both parties demanded Wednesday that several oil executives explain statements they made to Congress last week about their ties to the energy task force led by Vice President Dick Cheney.
Independent auditors confirmed Friday to Volkswagen's senior board many of the details published in news reports in recent months about corrupt dealings by managers in the car company's personnel department.
The world's first ever referendum on banning civilian guns in Brazil failed to pass this past Sunday. Among those profiting are Taurus, the largest small arms producer and manufacturer in Latin America.