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Takata failed to report 2003 air bag rupture to U.S. road authority
By David Shepardson and Paul Lienert WASHINGTON/TOKYO (Reuters) – Japanese air bag supplier Takata Corp said it failed to inform the U.S. auto safety agency of a 2003 rupture of one of its air bag inflators … Continued here: Takata failed to report 2003 air bag rupture to U.S. road authority Read More →
Hanjin says cargo owners withholding $80 million in payments
By Tom Hals WILMINGTON, Del (Reuters) – Failed South Korean container carrier Hanjin Shipping Co Ltd told a U.S. judge on Friday that cargo owners were withholding up to $80 million in payments for completed shipments, complicating the company's ability … Original post: Hanjin says cargo owners withholding $80 million in payments Read More →
Full Hanjin ship can not dock because there’s no plan to leave
The predicament of the Hanjin Miami, one of 10 U.S.-bound ships stranded by the Hanjin bankruptcy, illustrates one way that disputes over ships, ocean containers and even truck trailers Here is the original: Full Hanjin ship can not dock because there’s no plan to leave Read More →
Senators push Wells Fargo CEO on pay clawbacks after bogus accounts
U.S. Senate lawmakers excoriated Wells Fargo & Co's chief on Tuesday for his oversight of the bank as it opened 2 million bogus customer accounts, potentially laying the groundwork for new rules and reviving questions of whether banks are “too big to fail.” Chief Executive Officer John Stumpf told the Senate Banking Committee on Tuesday that customers who had bogus accounts opened... [Read more]
No significant progress in auto talks with GM: Canada Unifor union
By Ethan Lou TORONTO (Reuters) – General Motors Co and the Canadian union Unifor have not yet made any significant progress in their talks to hammer out a new contract, the labor group's President Jerry Dias said on Saturday as the sides entered the final stretch of negotiations. GM and the Unifor have been divided over union demands that the U.S. carmaker commit to new vehicle models at... [Read more]
Exclusive: GE wins $1.9 billion order from UK’s Hinkley Point nuclear plant
General Electric Co said it will receive $1.9 billion for a contract to supply steam turbines, generators and other equipment to the Hinkley Point C project, the United Kingdom's first new nuclear power plant in decades. By approving Hinkley Point on Thursday, the UK government View original post here: Exclusive: GE wins $1.9 billion order from UK’s Hinkley Point nuclear plant Read More →
U.S. workers unload first of Hanjin ships stalled by bankruptcy
By Lisa Richwine LOS ANGELES (Reuters) – Dock workers began unloading furniture, clothing and other cargo on Saturday from a container ship owned by bankrupt Hanjin Shipping Co Ltd , breaking a logjam that has stranded goods on a dozen vessels bound… Read the original post: U.S. workers unload first of Hanjin ships stalled by bankruptcy Read More →
‘Times are changing, pay your taxes’, euro zone chief tells corporations
By Francesco Guarascio and Jason Hovet BRATISLAVA (Reuters) – Multinational companies should refrain from tax-avoidance practices and pay their fair share, the head of euro zone finance ministers said on Saturday in a new endorsement of the European Union's fight against tax-dodging. In the wake… Read the original here: ‘Times are changing, pay your taxes’, euro zone... [Read more]
Hanjin Shipping gets U.S. court order, cash to unload ships
South Korea's Hanjin had asked U.S. Bankruptcy Judge John Sherwood to issue an order to prevent creditors from seizing Hanjin ships or property, and to allow cargo owners to make arrangements to retrieve goods stranded in warehouses. Earlier, the company received authority to spend money needed to dock at U.S. ports and begin unloading four vessels that have been stranded … Go here to read... [Read more]
Google to buy software developer Apigee for $625 million
By Julia Love and Natalie Grover SAN FRANCISCO (Reuters) – Alphabet Inc's Google said on Thursday it is acquiring software developer Apigee Corp in a deal valued at about $625 million, the tech giant’s latest effort to claim a greater share of the lucrative cloud Here is the original post: Google to buy software developer Apigee for $625 million Read More →