Japan's Toyota Motor Corp (7203.T) said on Wednesday it would recall a total 1.67 million vehicles globally in a voluntary move to address three separate defects including a faulty brake master cylinder that could hinder the brake's performance.
Legal & Regulatory
Creditors take aim at Energy Future plan for sale of Oncor stake
Energy Future Holdings squared off against creditors in court on Friday as the bankrupt Texas power company sought approval to begin a multibillion dollar auction of its interest in Oncor, a power transmission business.
China to punish carmakers who fail to meet fuel targets in 2015
China said on Thursday it would punish carmakers by restricting their production and publicly naming them if they fail to meet fuel consumption requirements on passenger vehicles set for 2015.
Sysco looks to divestitures to nail down US Foods deal
Food distributor Sysco Corp (SYY.N), fighting to complete a merger with US Foods Inc [USFOO.UL], is attempting to craft a package of potential asset sales weighty enough to convince U.S. antitrust regulators to approve the deal.
Chrysler recalls more than 900,000 vehicles globally in two actions
Chrysler Group on Thursday announced two global recalls of more than 900,000 cars and SUVs combined for problems that could cause fires.
Latest News
European companies in Russia warned on Tuesday they were being hurt by a Russian embargo on food imports as well as EU sanctions and risked being "sacrificed" in the standoff over Ukraine.
The Pentagon on Tuesday said it had finalized a contract with Pratt & Whitney, a unit of United Technologies Corp (UTX.N), for a seventh batch of F135 engines for the Lockheed Martin Corp (LMT.N) F-35 fighter jet, and the company had agreed to pay to fix an engine issue that grounded the F-35 fleet this summer.
The German and French economy ministers have asked experts in Berlin and Paris to come up with reform recommendations for both countries in an apparent attempt to avert a full-blown clash between the euro zone heavyweights over economic policy.
The U.S. government now has more than $1 billion available to fight the spread of Ebola from West Africa and is proceeding with plans to deploy up to 4,000 military personnel to the region by late October.
Global regulators are making it more expensive for hedge funds and insurance companies to raise money from loaning shares in a bid to curb hitherto unregulated risks in "shadow banking".
U.S. regulators are asking banks for more detail on their autos financing exposure, as rapid growth in the lending has prompted officials to seek to better assess the risks, according to a person familiar with the matter.
South Korea and China agreed to extend an existing swap agreement worth 64 trillion Korean won or 360 billion yuan by three more years, the Bank of Korea said in a statement on Saturday.
South Africa has signed a nuclear power agreement with France, the government said on Friday, three weeks after it reached a similar deal with Russia as part of Pretoria's first tentative steps towards building up to 9,600 MW of nuclear power.
Federal Reserve officials on Saturday took stock of a slowdown in the global economy and said it could delay an increase in U.S. interest rates if serious enough.
