Financial news on March 22, 2008

Business and Financial news
Alcoa, Accused of Bribery, Is Under U.S. Investigation

Alcoa is under criminal investigation by the Justice Department over accusations that the company bribed officials in Bahrain in an effort to obtain business. Read more..

By BLOOMBERG NEWS - The New York Times

A Trend Toward Putting Consultants on Payrolls

Roy Krause, the president of the Spherion Corporation, a recruiting and staffing company, recently offered his thoughts on where the job market was headed and why. Read more..

By AMY ZIPKIN - The New York Times

BP Faces Environment Inquiry in Russia

A Russian agency said it would inspect a large oil field controlled by BP’s joint venture, TNK-BP. Read more..

By ANDREW E. KRAMER - The New York Times

Debt-Gorged British Start to Worry That the Party Is Ending

For most of the last decade, consumers in Britain went on a debt-financed spending spree, racking up a record £1.4 trillion in debt ($2.8 trillion) — more than the country’s gross domestic product. Read more..

By JULIA WERDIGIER - The New York Times

In Europe, Women Finding More Seats at the Table

Norway’s law requiring companies to fill 40 percent of corporate board seats with women by this year has raised expectations among women throughout Europe. Read more..

By SHARON REIER - The New York Times

Let Finances Be a Chore, Not a Phobia

While some research suggests a shift is occurring, the aversion many women have to money tasks is still surprisingly common. Read more..

By M. P. DUNLEAVEY - The New York Times

New Focus of Inquiry Into Bribes: Doctors

A long-running federal investigation into the orthopedic device industry’s suspected kickback payments to hip and knee surgeons now has the doctors in the spotlight. Read more..

By BARNABY J. FEDER - The New York Times

Resist the Impulse to Panic Over Finances

Short of putting our heads in the sand and hoping all the bad financial news passes, what should we do with our own finances? Read more..

By ALINA TUGEND - The New York Times

Taiwan Wants to Focus on Building Its Own High-Tech Brands

Analysts say the greatest economic challenge for Taiwan is overcoming its reliance on manufacturing for other brands and focusing on innovation and building its own brands. Read more..

By CINDY SUI - The New York Times

Thinking Green While Sifting Through the Sand

On a recent weekend on his private Caribbean island, Sir Richard Branson and several high-powered visitors gathered to figure out what to do about global warming. Read more..

By ANDREW ROSS SORKIN - The New York Times

See what else happened on March 22, 2008