Volkswagen engineers told top managers that diesel emissions manipulations went far beyond issues in the United States two days before the carmaker made a public announcement to that effect in 2015, Der Spiegel reported on Friday.
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Royal Bank of Scotland Group Plc (RBS.L) agreed to pay more than $44 million and enter a non-prosecution agreement to settle a U.S. Department of Justice criminal probe of traders accused of defrauding customers on bond prices.
The scandal has drawn in several international companies, including KPMG International and McKinsey & Co., which have both launched internal probes to investigate their ties to the Guptas but denied wrongdoing.
Sunroofs on dozens of newer car models from around the world are shattering spontaneously, leaving owners perplexed and seeking answers. But while even experts don't know entirely why this is happening, we do know which cars are yielding the most complaints to regulatory agencies.
Vice President Mike Pence cast the tie-breaking vote Tuesday night to repeal a rule that made it easier for Americans to sue their banks and credit card companies.
A Dallas pharmacy executive has pleaded guilty to taking part in a massive kickback scheme that scammed the military's insurance program out of more than $100 million, authorities said.
Certain Kia Soul models have been recalled in the United States for an issue related to the power steering.
Four South Korean banks filed a lawsuit against Newegg, Inc. on Friday alleging that the City of Industry company, which operates the computer parts and accessories retailer Newegg.com, conspired with a South Korean hardware manufacturer to defraud the banks of hundreds of millions of dollars.
Whistleblower Exposed Express Hospitality Group's Long-Running Tax Scheme - Attorney General Eric T. Schneiderman today announced the conviction of Yankee Clipper Food Services I Corporation on felony charges stemming from an extensive scheme to avoid paying New York taxes between 2011 and 2015.
Financial corruption investigators in France are examining the role played by the world governing body for motor sports in the $4.4 billion sale of the Formula One auto-racing series, according to two people familiar with the inquiry. Investigators want to know if the Federation Internationale de l'Automobile, which is based in Paris and commonly...
Ford is recalling 1.3 million F-series pickup trucks, the best selling vehicle in America, for a door latch problem that could allow the door to open while the truck is moving.
Kobe Steel, the Japanese metals producer at the focus of a worldwide quality scandal, has now come under the scrutiny of the United States Department of Justice. The company said Tuesday that its American unit, Kobe Steel USA, had received a request from the Justice Department for documents and records related to any substandard metals sold to customers in the United States.
Daimler AG is recalling more than 1 million Mercedes-Benz cars and sport utility vehicles worldwide to address potential unintended air bag deployments, the German automaker said on Monday.
It's the latest big scandal to rock corporate Japan. Kobe Steel a century-old industrial giant, has admitted to falsifying data on products sold to top customers like Boeing and Toyota. It says as many as 500 companies could be affected, including manufacturers of Japan's famous bullet trains.
Electric carmaker Tesla Inc (TSLA.O) is recalling 11,000 Model X sport utility vehicles worldwide due to a faulty locking mechanism in their rear seats that raises the risk of the seats falling forward in a crash.
Equifax's beleaguered website or rather, Equifax's beleaguered customers, which is to say all of us just can't catch a break. First, a vulnerability in credit agency's web application software allowed hackers to breach into the system in May and potentially abscond...
The Securities and Exchange Commission today announced that a whistleblower has earned an award of more than $1 million for providing the SEC with new information and substantial corroborating documentation of a securities law violation by a registered entity that impacted retail customers.
The consultancy announced it would deposit R970-million it earned from Eskom into a ring-fenced account. The global management consultancy McKinsey & Co on Tuesday announced it would deposit R970-million it earned from Eskom into a ring-fenced account and challenged the power utility and its black empowerment partner, Trillian, to submit the troubled contract for review to the High Court.
A federal judge has tossed out a U.S. government lawsuit accusing UnitedHealth Group of overcharging Medicare. The case is one of two whistleblower lawsuits alleging similar conduct. In one, the government says wrongful payments to UnitedHealth exceed $1 billion. The U.S. Department of Justice contends the big health insurer violated the federal False Claims Act so it could collect more money in Medicare reimbursements.
Equifax's former chief executive Richard Smith repeatedly deflected questions from a Senate panel Wednesday about a $7 million IRS contract the company recently received to help prevent fraud and whether the company could profit from the hack that exposed sensitive data of 145 million people. "Can you explain to the American people, not just as consumers who have been exposed and breached here, but as taxpayers, why in the world...
