Intel

By Gabriel Elizondo in Business on November 19th, 2009

What do Apple, Hewlett-Packard and Google all have in common?

Answer: All three companies had lower profits in the third quarter of 2009 than Petrobras and Vale.

Petrobras is Brazil’s massive energy company; you might have heard of it. But unless you live in Brazil or track big companies, you likely have never heard of Vale – the Brazilian mining company.

Photo courtesy of AP

But both companies quietly are shoveling in huge profits. A representation of sort of Brazil’s quick exit from the global economic meltdown.  

By Teymoor Nabili in Business on November 8th, 2009
Photo by Reuters

Now that some of the most respected institutions in corporate banking have been implicated in - and some destroyed by - dubious ethical and financial practices, it should come as no surprise that the same foul odour of corruption is now being detected lingering in the corridors of smaller companies on Wall Street.

Thus, the emergence of the biggest case of insider dealing ever uncovered, now spreading to implicate more and more people.

The Guardian's Will Hutton likens it to a poisonous melange of the worst characters in popular fiction, engaged in

a seedy world of secret tips, kickbacks and disposable, pre-paid mobile phones.

The Los Angeles Times writes of

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