14 May, 2015 by The TZ Newswire Staff Comments Off on Honda exec says latest air bag-linked recall may impact Japan sales
Honda exec says latest air bag-linked recall may impact Japan sales
Honda Motor Co could see an impact on sales in Japan from this week’s recall to replace potentially fatal air bags, a top executive said on Friday. Honda said a day earlier it was recalling another 4.9 …
14 May, 2015 by The TZ Newswire Staff Comments Off on No class action vs. Morgan Stanley alleging Detroit predatory lending
No class action vs. Morgan Stanley alleging Detroit predatory lending
A federal judge in Manhattan on Thursday refused to let thousands of Detroit homeowners sue Morgan Stanley as a group for allegedly pushing a subprime lender into making risky loans they could not afford. U.S. District Judge Valerie Caproni said her decision was likely “a death knell” for the lawsuit and that an appeal may be appropriate, but that the plaintiffs’ claims were too varied to be addressed in a single class action. The complaint was originally filed in October 2012 by the American Civil Liberties Union, in what that group called the first U.S.
14 May, 2015 by The TZ Newswire Staff Comments Off on Oil heads for weekly gain despite ample supply
Oil heads for weekly gain despite ample supply
Oil prices were little changed on Friday but set to end the week slightly higher despite ample supply, buoyed by a weaker dollar, forecasts of lower U.S. crude output and a pick-up in global demand.
14 May, 2015 by The TZ Newswire Staff Comments Off on U.S. voids interest-rigging settlement with UBS: WSJ
U.S. voids interest-rigging settlement with UBS: WSJ
The U.S. Justice Department has voided a 2012 settlement with UBS AG related to interest-rate rigging, the Wall Street Journal reported on Thursday. The newspaper, citing current and former government …
14 May, 2015 by The TZ Newswire Staff Comments Off on U.S. labor market tightening; inflation still muted
U.S. labor market tightening; inflation still muted
The number of Americans filing new claims for unemployment benefits fell last week to near a 15-year low, indicating the jobs market was on solid footing even as the economy struggles to regain momentum after abruptly slowing in the first quarter. Despite the tightening labor market, a strong dollar and lower oil prices are keeping inflation under wraps. “The labor market is doing well … inflation is not going anywhere fast.
14 May, 2015 by The TZ Newswire Staff Comments Off on Brazil prosecutors say Petrobras scheme moved $2.1 billion in bribes
Brazil prosecutors say Petrobras scheme moved $2.1 billion in bribes
Brazilian investigators believe 6.19 billion reais ($2.1 billion) in bribes were moved in a corruption scheme involving state-run oil firm Petroleo Brasileiro SA (PETR4.SA), prosecutor Deltan Dallagnol said on Thursday. Prosecutors seek to restore 6.77 billion reais to public coffers through fines and the return of stolen funds, he said at a televised press conference to present criminal charges against 13 people, including four former congressmen. One is from the ruling Workers’ Party and the other three belong to the smaller opposition Party of Solidarity.
14 May, 2015 by The TZ Newswire Staff Comments Off on Netflix in talks to enter China with Jack Ma-backed Wasu: Report
Netflix in talks to enter China with Jack Ma-backed Wasu: Report
Netflix is reportedly in talks with a Chinese media company backed by Jack Ma and other possible partners as it seeks entry into the country’s $5.9B online video market.