Category: corporate corruption

RT: Moscow issues warning of nuclear clash: Washington’s efforts add fuel

Western efforts to stoke the Ukraine conflict could lead to a direct military clash of nuclear powers, Moscow has warned.

Putin condemns ‘terrorist attack’ in Russia’s Bryansk Region targeting two settlements Thursday

Russian President Vladimir Putin has commented on a Ukrainian cross-border attack in Bryansk Region.

India top court orders probe into allegations against Adani Group

Court asks market regulator to investigate possible lapses in securities law or other regulatory disclosures by group.

What went wrong in Greece? All to know about deadly train crash

At least 46 people were killed when a passenger train collided head-on with a cargo train outside the city of Larissa.

Telefonaktiebolaget LM Ericsson to plead guilty and pay over $206M for FCPA violations

Telefonaktiebolaget LM Ericsson (Ericsson), a multinational telecommunications company headquartered in Stockholm, Sweden, has agreed to plead guilty and pay a criminal penalty of more than $206 million after breaching a 2019 Deferred Prosecution Agreement (DPA). 

China “the U.S. to respect science and facts,” dismisses FBI statement on COVID-19 lab leak theory

For the second day in a row, China on Wednesday dismissed U.S. suggestions that the COVID-19 pandemic may have been triggered by a virus that leaked from a Chinese laboratory. Responding to comments by FBI Director Christopher Wray, Foreign Ministry spokeswoman Mao Ning said the involvement of the U.S. intelligence community was evidence enough of the “politicization of origin tracing.”…

Eli Lilly plans to slash some insulin prices, expand cost cap

Eli Lilly will cut prices for some older insulins later this year and immediately expand a cap on costs insured patients pay to fill prescriptions. The moves announced Wednesday promise critical relief to some people with diabetes who can face annual costs of more than $1,000 for insulin they need in order to live. Lilly’s changes also come as lawmakers…

Citibank NA and American Express National Bank: DOJ Statements in Servicemembers Lawsuits Against Banks

The Justice Department announced today that it filed statements of interest in Espin et al. v. Citibank, N.A. and Padao v. American Express National Bank, two lawsuits currently pending in the U.S. District Court for the Eastern District of North Carolina, to address the right of the nation’s servicemembers to bring and participate in class action litigation under the Servicemembers Civil Relief Act (SCRA) instead of being forced into privatized arbitration proceedings on their own.

CEO of Ontrak Inc. Publicly Traded Health Care Company Charged for Insider Trading Scheme

An indictment was unsealed today charging Terren S. Peizer, the CEO and Chairman of the Board of Directors of Ontrak Inc., a publicly traded health care company, for allegedly engaging in an insider trading scheme in which he fraudulently used Rule 10b5-1 trading plans to trade Ontrak stock. “Mr. Peizer is accused of using his insider knowledge as CEO of a publicly traded company to line his own pockets in violation of his duty to his company and its shareholders,” said U.S. Attorney Martin Estrada for the Central District of California. “Mr. Peizer allegedly exploited material nonpublic information and tried to shield himself with a rule designed to ensure a fair and level playing field for all investors. With this indictment, we again affirm that the law applies equally to all and that corporate executives who unlawfully denigrate the integrity of our financial markets will be held accountable.”

China identifies roots of US crackdown on TikTok

The White House Office of Management and Budget issued guidance on Monday giving all federal agencies 30 days to wipe TikTok from employees’ devices. Mandated by Congress, the move follows similar guidance by the Pentagon, Department of Homeland Security, and the State Department, all of which cited alleged data harvesting by the Chinese-developed app. “How unsure of itself can the world’s top superpower be to fear a favorite app of young people like that?” Chinese Foreign Ministry spokeswoman Mao Ning told a press briefing on Tuesday. 

Justice Department Alleges Public Health Endangerment Caused by Denka Performance Elastomer’s Carcinogenic Air Pollution

Today, on behalf of the U.S. Environmental Protection Agency (EPA) and in coordination with the U.S. Attorney’s Office for the Eastern District of Louisiana, the U.S. Department of Justice filed a complaint under Section 303 of the Clean Air Act against Denka Performance Elastomer LLC (Denka) to compel Denka to significantly reduce hazardous chloroprene emissions from its neoprene manufacturing facility in LaPlace, Louisiana.

Blackstone Group company employed children employed children to clean slaughterhouses in U.S. (Packers Sanitation Services / PSSI)

Packers Sanitation Services Inc. (PSSI), based in Kieler, Wisconsin, has paid 1.5 million U.S. dollars in civil money penalties after a DOL investigation found that the company “employed at least 102 children — from 13 to 17 years of age — in hazardous occupations and had them working overnight shifts at 13 meat processing facilities in eight states,” a statement read.

Children were working with hazardous chemicals and cleaning meat processing equipment including back saws, brisket saws, and head splitters, according to the investigation, which began in August 2022.

EPA orders Norfolk Southern to clean up toxic derailment in Ohio

The U.S. Environmental Protection Agency ordered Norfolk Southern on Tuesday to pay for the cleanup of the East Palestine, Ohio train wreck and chemical release as federal regulators took charge of long-term recovery efforts and promised worried residents they wouldn’t be forgotten.

China replies to US rumor that it is planning to help Russia: “Stop deflecting the blame and spreading disinformation;” Zelenskyy escalates with talk of world war

US Secretary of State Antony Blinken spoke to CBS television on Sunday of information that China was “considering providing lethal support” to Russia. When asked what he meant by that, Blinken replied, “Weapons, primarily weapons.”

Drought in Horn of Africa worse than in 2011 famine

Below-normal rainfall is expected over the next three months in parts of Somalia, Kenya and Ethiopia.

Starbucks CEO Howard Schultz declines to testify in Bernie Sanders hearing

“If Mr. Schultz believes that a multibillion-dollar corporation like Starbucks can break federal labor law with impunity, he is mistaken,” Sanders said.