Submitted by Diane Farsetta on
Wal-Mart Stores plans to hire a few outside public relations firms to develop "fresh, emotional PR programming" promoting its grocery, health, clothing, home, hardware, auto and entertainment products, along with Wal-Mart's events, financial services and website. Edelman, which has been Wal-Mart's main PR firm for three years, is among the five or six finalists for the major account.
Submitted by Sheldon Rampton on
"Biotechnology companies are keeping university scientists from fully researching the effectiveness and environmental impact of the industry’s genetically modified crops, according to an unusual complaint issued by a group of those scientists," reports Andrew Pollack.
Submitted by Diane Farsetta on
Countrywide Financial, the company infamous for its role in the subprime mortgage crisis, is now called "Bank of America Home Loans." Bank of America, which purchased Countrywide in July 2008, is using the name change "to separate itself from Countrywide's reputation," reports the Wall Street Journal.
Submitted by Diane Farsetta on
First it was Blackwater USA. Then it was Blackwater Worldwide. Now, it's "Xe" (pronounced "Zee").
Submitted by Sheldon Rampton on
Submitted by Diane Farsetta on
"Three days after receiving $25 billion in federal bailout funds, Bank of America Corp. hosted a conference call w
Submitted by Sheldon Rampton on
"An angry mob of investors and taxpayers is assembling, and they want to see some executives' heads on pikes," reports Fortune magazine's Roger Parloff. "The question for the courts will be, Who was just foolish with our money -- and who was lying, cheating, and stealing?" Under the law, corporate executives are guilty of securities fraud if they misrepresent the truth about their companies' financial condition.
Submitted by Diane Farsetta on
Canada's oilsands require a much greater use of water and emit roughly three times the amount of greenhouse gases than extraction from "normal" oil fields.
Submitted by Diane Farsetta on
The International Energy Agency (IEA), which "advises most major governments across the world on energy policy," has systematically underestimated the potential of renewable energy sources like wind and solar, "because of its ties to the oil, gas and nuclear sectors," charges Energy Watch, a group of scientists and politicians. Swiss parliamentarian Rudolf Rechsteiner, a member of Energy Watch, said that IEA was "delaying the change to a renewable world.
Submitted by Judith Siers-Poisson on
Until June 2008, William Lynn was senior VP-government operations for Raytheon, the world's fifth largest defense contractor. Despite that recent stint as a lobbyist, President-elect Barack Obama has nominated him to become deputy defense secretary, which would put him "in charge of day-to-day Pentagon operations." The nomination requires Congressional approval.
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