Exclusive: Honda and Takata’s stealth airbag fix
DETROIT (Reuters) – In August of 2009, after ruptured airbag inflators in Honda vehicles were linked to least four injuries and a death, the automaker quietly requested a design change and did not notify U.S. regulators, Honda confirmed in response to …
U.S. extends BMW deadline to get replacement air bag inflators
(Reuters) – BMW AG will get five more months to acquire Takata air bag replacement parts for a massive recall because tests showed some of the substitute inflators may also be defective, the U.S. auto safety agency said on Thursday.
Wall St. closes flat, five-week rally ends
NEW YORK (Reuters) – U.S. stocks broke a five-week winning streak on Thursday with a strengthening dollar weighing on commodity-related shares.
Credit Suisse to pay $29 million in U.S. regulator’s mortgage case
NEW YORK (Reuters) – Credit Suisse Group AG has agreed to pay more than $29 million to resolve a U.S. regulator’s claims that it sold toxic mortgage-backed securities to credit unions that later failed, according to court papers filed on Thursday.
Ackman’s hedge fund cooperating with U.S. on drug pricing probe: letter
BOSTON (Reuters) – Billionaire investor William Ackman, whose hedge fund is one of the biggest investors in drug company Valeant, has been asked to supply information to U.S. legislators probing price hikes in the pharmaceutical industry.
F-35 fighter jets will cost less to produce, more to operate: Pentagon
WASHINGTON (Reuters) – The Pentagon on Thursday forecast a 3 percent drop in acquisition costs for Lockheed Martin Corp’s F-35 fighter jet, but said plans to use the jets six more years would add about $45 billion to the projected operating costs through 2070.
U.S. judge questions Lyft settlement over driver benefits
SAN FRANCISCO (Reuters) – A U.S. judge questioned on Thursday whether a proposed class action settlement between Lyft and its California drivers is fair and raised concerns that the $12.25 million payment offered by the ride-hailing service might be to…
Playboy magazine publisher exploring sale: source
(Reuters) – Playboy Enterprises [ICONAP.UL], the owner of Playboy magazine, is exploring a sale, a source familiar with the matter told Reuters, in a move that comes after the storied magazine stopped publishing nude photos of women and put up the icon…
France fines Google over ‘right to be forgotten’
BRUSSELS (Reuters) – The French data protection authority said it has fined Google 100,000 euros ($111,720) for not scrubbing web search results widely enough in response to a European privacy ruling.
Blackrock trials new financial messaging system
LONDON (Reuters) – Blackrock said on Thursday it was testing new financial messaging app Symphony, the first big global asset manager to confirm it is moving ahead with the system designed to address concerns over security and costs of monitoring staff…
