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Corporate news

Heat or eat? Fuel bank scheme to assist families crippled by poverty
Poverty-stricken families who face the dilemma of whether to heat their homes or go hungry will be given free fuel vouchers under a new pilot scheme so they can afford to meet soaring energy bills in a climate of ongoing austerity.

24.04.2015 11:26

Petrobras loses $2.5bn in bribery, promises ‘recovery’
The new CEO of Brazil's state-run oil company Petrobras, Aldemir Bendine claims the $2.5 billion the company lost through corruption was “recoverable”. Petrobras is currently engulfed in the largest financial scandal in Brazil's history.

23.04.2015 11:49

‘Institutionalised theft’: Barclays’ PFI contracts based on rigged interest rates ‘bleeding NHS & schools dry,’ say activists
Political activists gatecrashed Barclay’s AGM in Central London on Thursday to highlight the role of private finance initiatives (PFI) in “killing off” Britain’s public services, racking up unsustainable debt, dodging tax and funneling profits offshore.

23.04.2015 08:38

Small businesses impacted by religious freedom bills, marijuana legalization
Competition from big corporations isn’t the only thing entrepreneurs worry about. Small business owners have split and shifting views about hot-button issues like religious freedom bills, pot legalization and the 2016 presidential race, a new poll found.

22.04.2015 18:40

A drop in the ocean: Recovery projects worth $134 million proposed for BP oil spill
Officials overseeing the cleanup of the Gulf of Mexico have proposed 10 new recovery projects, worth $134 million. The funds are part of a $1 billion fund set aside by BP to deal with the Deepwater Horizon disaster, the worst oil spill in US history.

21.04.2015 22:07

​TTIP vs Democracy: London activists to resist controversial EU-US trade deal
Hundreds of political activists will gather in London on Saturday to protest a controversial EU-US trade agreement campaigners warn will enhance corporate power, and promote the privatization of vital public services.

17.04.2015 13:18

Gravity CEO brings million-dollar salary back to Earth to fund $70k minimum wage for staff
A CEO in Washington wants his employees to be happy. And he’s putting his money where his mouth is, slashing his pay by $930,000 so he can give his workers a new minimum wage of $70,000 a year ‒ well above Seattle’s $15 an hour requirement.

15.04.2015 17:59

Oil firm downplays ‘world class’ 100bn-barrel Gatwick claims
The company which reported a massive oil find near Gatwick Airport last week has issued a “clarification” over its estimation, saying the amount of oil is in fact untested.

15.04.2015 12:22

EU set to file antitrust lawsuit against Google for unfair practices
Google is facing formal antitrust charges in the EU after years of investigation and three attempted settlements. The announcement will be made at the European Commission meeting on Wednesday, EU officials told the media.

14.04.2015 23:35

World’s longest well drilled in Russia’s Far East
Russia’s Rosneft is reporting it has finished drilling the world’s longest oil well at the Chayvo field, part of the Sakhalin-1 project. The use of unique ExxonMobil technology is one of the key factors behind the record.

14.04.2015 12:58

Sprint to pay $15mn for overcharging feds as it wiretapped its customers
Telecommunications giant Sprint has agreed to pay $15.5 million to settle a lawsuit in which the the Obama administration alleged that the company overbilled the government while conducting “court-ordered intercepts” of its customers.

13.04.2015 17:33

Amazon can test drones, but with restrictions – FAA
Federal authorities have finally agreed to allow Amazon to test delivery drones in the US. The e-tail giant hopes to revolutionize local delivery services, but restrictions on drone use, mean it could be a while before it becomes commercially viable.

10.04.2015 21:26