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As U.S. hearings loom, Takata faces long slog in air bag crisis

November 20th, 2014 (0)
Takata Corp (7312.T) faces a long battle to gauge the fallout from a fast-moving air bag crisis as recalls mount up, adding to the costs for the loss-making Japanese auto partsmaker. Two U.S. Senators have called a news conference on ...

Yen Falls to Seven-Year Low on Election Outlook as Won Drops

November 20th, 2014 (0)
The yen declined to a seven-year low versus the dollar amid speculation Prime Minister Shinzo Abe will win elections and extend his economic stimulus program. Japan’s currency dropped against all except one of its 16 major counterparts. A gauge ...

Cheap-Oil Era Tilts Geopolitical Power to U.S.

November 20th, 2014 (0)
A new age of abundant and cheap energy supplies is redrawing the world’s geopolitical landscape, weakening and potentially threatening the legitimacy of some governments while enhancing the power of others. Some changes already are evident. Surging U.S. oil production enabled America ...

Apple Told to Pay $23.6 Million Over Pager Technology

November 18th, 2014 (0)
Apple Inc. (AAPL) was told to pay a Texas company $23.6 million after a jury found its iPhone and other devices used pager technology from the 1990s without permission. Six patents owned by Mobile Telecommunications Technologies LLC are valid and ...

CySec: acquisition of Administrative Services Providers (ASP) licence

November 18th, 2014 (0)
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that the following firms have successfully obtained the CySec licence to operate as Administrative Services Provider (ASP): Guricon Limited. West Union (Cyprus) Ltd. The companies ...

U.S. judge upholds BP ‘gross negligence’ Gulf spill ruling

November 14th, 2014 (0)
A U.S. judge weighing how much BP Plc should be punished for the 2010 Gulf of Mexico oil spill on Thursday refused to overturn his own finding that the oil company’s conduct was “grossly negligent.” The decision by U.S. District Judge ...

Iraq and Kurds Reach Deal on Oil Exports and Budget Payments

November 14th, 2014 (0)
Iraq’s central government and the autonomous region of Kurdistan reached an interim agreement on Thursday over oil exports and budget payments, at least temporarily easing a bitter dispute that has threatened the government’s stability. The standoff began earlier this ...

Twitter Debt Rated as Junk

November 14th, 2014 (0)
Twitter Inc. ’s debt was rated as junk on Thursday by Standard & Poor’s Ratings Services, a sobering grade that comes a day after executives of the social media service tried to reassure skeptics on Wall Street of its long-term ...

U.S. stocks slip from records; oil falls

November 13th, 2014 (0)
U.S. equity prices edged off record highs on Wednesday led by weakness in the financial sector after six global banks were fined a total of $4.3 billion for currency rigging, while the oil market sagged on concerns about a ...

U.S. and China Reach Deal on Climate Change after Months of Talk

November 12th, 2014 (0)
China and the United States made common cause on Wednesday against the threat of climate change, staking out an ambitious joint plan to curb carbon emissions as a way to spur nations around the world to make their own cuts in ...
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