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Multinationals take an axe to jobs

Forced leave, wage reductions, hiring freezes and shorter hours simply did not do enough. A year into this recession, companies across the board are resorting to mass job cuts. Home Depot, Caterpillar, Sprint Nextel and at least eight other companies…

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United Methodists to Withdraw Caterpillar Divestment Plans

The United Methodist Church announced this week that it had achieved “positive results” in its negotiations with large construction manufacturer Caterpillar Inc. to review use of its equipment and examine its ties to Israeli military forces. The Protestant church body,…

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Norwegian ethics ruffle financial world

Last year, the Church of Norway asked the Norwegian Government Pension Fund to consider divesting the fund's holdings in Caterpillar Inc. The reason: Caterpillar was selling the Israeli army bulldozers that were being used against Palestinian civilians. Given the avalanche…

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Is Big Business Buying Out the Environmental Movement?

In the business world these days, it appears that just about everything is for sale. Multi-billion-dollar deals are commonplace, and even venerable institutions such as the Wall Street Journal find themselves put into play. Yet companies are not the only…

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