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NEWS ABOUT: security firms

Why Wall Street Is Richer Than Ever

Firms are more profitable under Obama than Bush: 'Washington Post'

(Newser) - President Obama is trying to harness public rage against Wall Street while bankers are whining about new financial regulations—but the inconvenient truth for both sides is that Wall Street has profited big-time during Obama's presidency. In fact banks are larger today than when Obama won the White House,... More »

French Find $13M From Heist

Security van driver still on the run

(Newser) - French police have recovered most of the $16 million they believe was stolen by a security van driver in a daring heist in Lyon last week. The suspect drove off with an armored van full of cash while his colleagues were inside a bank. Some $13 million in euros was... More »

US Ignored Warnings on Security Firms

Stream of Iraqi reports went unheeded over two years

(Newser) - The Bush administration ignored repeated warnings about using private security contractors such as Blackwater in Iraq, the Washington Post reports. Despite the warnings from legal experts and military officials over the past two years, the US did not acknowledge the need for oversight—and, in fact, expanded the presence of... More »

Iraqis Bring US Lawsuit Against Blackwater

Shooting victims accuse security firm of promoting 'lawlessness'

(Newser) - Saying the security firm committed "extrajudicial killings and war crimes" in a Baghdad firefight, one injured man and the relatives of three other Iraqis killed last month are suing Blackwater in US federal court. An advocacy group filed the suit today, Reuters reports, seeking compensatory and punitive damages while... More »

After Attack, Iraq Bans US Security Firm

Baghdad blames civilian deaths on Blackwater, threatens prosecution

(Newser) - The Iraqi government has revoked an American security contractor's license to do business in the country and is weighing criminal charges against employees who allegedly opened fire on civilians yesterday, the AP reports. Blackwater USA personnel were escorting a State Department convoy through Baghdad when they opened fire, killing eight... More »

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