Panel says no cover-up in Japan’s Mizuho mob loans scandal
TOKYO (Reuters) – Mizuho Financial Group did not intentionally cover-up loans to “yakuza” mobsters, an outside panel said on Monday, a verdict that increases the likelihood Japan’s second-biggest bank by assets will escape serious penalty over the scan…
U.S. safety regulators probe shattering Kia Sorento sunroofs
DETROIT (Reuters) – U.S. safety regulators have opened an investigation into an estimated 64,117 Kia Sorento sport utility vehicles after receiving 15 consumer complaints that the optional glass sunroof had shattered.
Tim Hortons offers new dark roast coffee
TORONTO (Reuters) – Canada’s largest coffee shop chain Tim Hortons Inc said on Monday it is offering a new blend of dark roast coffee, in a pilot program aimed at luring customers from its competitors.
EU seeks feedback from rivals over Google antitrust offer
BRUSSELS (Reuters) – EU regulators will seek feedback from Google’s rivals and other third parties on Monday before deciding whether to accept the Internet search giant’s offer to settle a three-year antitrust investigation and stave off a possible fin…
Sinopec field could reignite China shale hopes
BEIJING (Reuters) – Chinese oil giant Sinopec Corp is for the first time pumping shale gas from test wells in commercial quantities in what it hopes will be a breakthrough in the development of a badly needed new energy source.
Views on Fed lift world shares, push down dollar
LONDON (Reuters) – European shares rose towards five-year highs on Monday and the dollar was under pressure on a growing conviction that the U.S. Federal Reserve will keep monetary policy loose this week, and for some time to come.
Panel says no cover-up in Japan’s Mizuho mob loans scandal
TOKYO (Reuters) – Mizuho Financial Group looks likely to escape serious penalty in a loans-to-mobsters scandal after an outside panel said on Monday that Japan’s second-biggest bank by assets did not intentionally cover up the shady lending.
Toyota keeps top spot in auto sales rankings, outselling GM, VW
TOKYO (Reuters) – Toyota Motor Corp kept its lead over rivals General Motors Co and Volkswagen AG this year, January-September global sales figures showed, as the Japanese carmaker closes in on a record annual profit.
Statoil to build new platform to squeeze more from North Sea field
OSLO (Reuters) – Norway’s Statoil plans to build a new platform at its Snorre field in the North Sea to extract another 300 million barrels of oil and extend the project’s lifetime to 2040, it said on Monday.
EADS plans to cut jobs, costs at defense unit: CEO in paper
FRANKFURT (Reuters) – European aerospace group EADS is planning to cut jobs and costs in its defense division, the group’s chief executive was quoted by a German paper as saying.
