Business

Honda Discloses Fifth Takata Air Bag-Linked Fatality, Widens Recall

Honda Motor Co (7267.T) said on Thursday that a driver in Malaysia died in July after being hit by shrapnel from an air bag supplied by Takata Corp (7312.T) - the fifth such fatality and the first outside the...

Switzerland Opens Criminal Investigation Into Several Individuals In Forex Case

Switzerland's public prosecutor has opened criminal investigations into several individuals over alleged manipulation in the foreign exchange market, becoming the third country to do so after the United States and Britain. A spokeswoman for the prosecutor did not disclose how...

Shell Says 2008 Nigeria Spills Bigger Than Thought

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London (AFP) - Royal Dutch Shell said Thursday that two 2008 oil spills in Nigeria were larger than earlier thought, ahead of a compensation court case in England's High Court. The Anglo-Dutch energy giant's Nigerian arm said in a statement...

UBA Commits $1million To The Ebola Fight

...As Elumelu Urges Corporate Africa To Take Up The Challenge BEVERLY HILLS, November 12, (THEWILL) – The United Bank for Africa (UBA) Board Chairman, Tony O Elumelu, has announced the donation of $1million, to assist the fight against Ebola, currently present in...

Regulators Fine Global Banks $3.4 Billion In Forex Probe

Global regulators imposed penalties totaling $3.4 billion on five major banks, including UBS (UBSN.VX), HSBC (HSBA.L) and Citigroup (C.N) on Wednesday for failing to stop their traders from trying to manipulate foreign exchange markets. Royal Bank of Scotland (RBS.L) and...

Apple Must Face U.S. Lawsuit Over Vanishing IPhone Text Messages

Apple Inc (AAPL.O) was ordered to face a U.S. federal lawsuit claiming it failed to tell consumers that its messaging system would block them from receiving text messages if they switched to Android-based smartphones from iPhones. U.S. District Judge Lucy...

Microsoft Unveils First Lumia Smartphone Without Nokia Name

Microsoft Corp (MSFT.O) said it would roll out its Lumia 535 smartphone this month with an affordable price tag in its key markets, dropping the Nokia name just months after buying the Finnish company's handset business. Loaded with its latest...

Rising Stars Make Adidas More American, Less Soccer-Mad

A new generation of more international Adidas executives is trying to loosen a hierarchical structure that has held back creativity at the venerable German sports brand as it tries to retaliate against Nike (NKE.N). But that is a tall order...

Alibaba Singles’ Day Sales Break Past $8 Billion

E-commerce giant Alibaba's Singles' Day sales broke through the $8 billion mark late on Tuesday, illustrating the buying power of the Chinese consumer and the importance of the event in the retail calendar. The live sales figure on Alibaba Group...

Wall Street Edges Up; Dow, S&P Hit Fresh Records

U.S. stocks were little changed on Tuesday, as investors paused after a strong rally, but the Dow and S&P 500 managed to edge up to set fresh intraday records for a fifth straight session. On Monday, the benchmark S&P index...