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Three automakers join recall in Japan

posted: 05/23/2015 2:09 a.m. Discuss

Three Japanese carmakers said Friday that they would recall more than 700,000 vehicles equipped with air bags made by the supplier Takata, citing the company's admission this week that its air bags contained potentially dangerous faults.

Chinese firms invest in big trips

posted: 05/23/2015 2:07 a.m. Discuss

All-expenses-paid trips to reward top salespeople aren't unusual, but direct-marketing companies that are the Chinese versions of Amway, Avon and Herbalife are taking it to an extreme by sending thousands abroad on package tours.

Wal-Mart taking back some Li & Fung sourcing

posted: 05/23/2015 2:05 a.m. Discuss

Wal-Mart Stores Inc., the world's biggest retailer, pulled some goods-sourcing business from Li & Fung Ltd., raising concerns that the Hong Kong company may see other customers follow suit.

IMF report cites flagging demand in Japan

posted: 05/23/2015 2:03 a.m. Discuss

Japan needs a complete set of policies to boost growth and mend its finances that would avoid excessive dependence on a weak yen, the International Monetary Fund said.

Business news in brief

posted: 05/23/2015 1:59 a.m. Discuss

Equity fund to buy Frisch's Big Boy chain CINCINNATI -- Frisch's Big Boy restaurants are being sold to a private equity fund, the company announced Friday, ending family ownership of the Cincinnati-based chain that dates to a 1939 drive-thru.

Business news in brief

posted: 05/22/2015 1:57 a.m. Discuss

Lumber Liquidators' CEO quits abruptly Lumber Liquidators, under scrutiny for months as it faces accusations that it sold products with dangerous levels of formaldehyde, said Thursday that its chief executive had left the company.

Six banks to pay $5.8B in U.S. currency probe

updated: 05/21/2015 3:57 a.m. Comments 4

Six of the world's biggest banks will pay $5.8 billion and five of them agreed to plead guilty to charges tied to a currency-rigging probe as they seek to wind down almost half a decade of enforcement actions.

Godzilla breathes fire into lawsuit

posted: 05/21/2015 2:25 a.m. Discuss

Japanese movie studio Toho Co. said Wednesday it is suing Voltage Pictures and a director in a lawsuit complaining that promotions of a forthcoming film infringe on its copyright to Godzilla.

Europe's Altice joins U.S. cable rush, puts in Suddenlink claim

posted: 05/21/2015 2:23 a.m. Discuss

There's a new player in the U.S. cable dating game.

U.S. air-bag deal creates largest-ever auto recall

updated: 05/20/2015 4:01 a.m. Discuss

Air-bag maker Takata Corp. gave in to U.S. regulators on Tuesday, agreeing to what will be the largest automotive recall in history as investigators continue to search for the root cause of a defect that has killed at least six people.

Oil falls to lowest price in 3 weeks

posted: 05/20/2015 2:06 a.m. Discuss

Oil slid to a three-week low as the dollar strengthened, and Goldman Sachs Group Inc. said a continuing surplus would send prices back down to $45 a barrel by October.

Business news in brief

posted: 05/20/2015 1:59 a.m. Discuss

$25M in sanctions proposed for PayPal WASHINGTON — Federal regulators are proposing that PayPal Inc. pay $25 million to resolve allegations that it illegally signed up customers for its online credit product, used misleading advertising and mishandled billing disputes.

China, Brazil to study railway to Peru

posted: 05/20/2015 1 a.m. Discuss

Chinese Premier Li Keqiang and Brazilian President Dilma Rousseff agreed Tuesday to embark on studies for a railway linking Brazil's Atlantic coast with a Pacific port in Peru, and announced billions in other investments and trade deals.

Ruling: Samsung infringed on Apple

posted: 05/19/2015 1:58 a.m. Discuss

A partial court win Monday for Apple gives the U.S. tech company more leverage to seek an ultimate agreement with Samsung Electronics to end a fight over mobile phones that began under Steve Jobs, who said the South Korean company copied his designs.

China's smog fight erodes coal prices

posted: 05/19/2015 1:58 a.m. Discuss

China's battle against pollution is threatening the recovery of coal prices from the lowest level in almost nine years.


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