Toyota Motor North America is recalling 21,700 vehicles in the U.S. after discovering two defects that could lead to fires. The separate recalls affect 11,800 2018 Toyota Camry sedans and 9,900 Lexus vehicles including, RC F vehicles from 2015-18 model years, GS F vehicles from 2016-18 model years, and 2018 LC 500 vehicles, the company said Wednesday.
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The CBOE Volatility Index, known as the VIX, has been "suspect for at least seven years," says Bart Chilton, former CFTC commissioner. The whistleblower allegation of VIX manipulation "rings true to me," Chilton says.
Consumers in Germany and Ireland trying to hold carmaker Volkswagen AG and auto parts supplier Bosch GmbH liable for the manipulation of diesel engine emissions data will not be able to rely on documents produced by Bosch in U.S. litigation, a U.S. judge ruled on Monday.
This time, there are 39,456 2017 Jeep Wranglers and Dodge Caravan RTs being recalled due to a faulty brake pedal switch that may allow vehicles to be shifted out of Park without the brake pedal being depressed and may leave the brake lights illuminated continually.
Philanthropic heirs to OxyContin fortune have a 'moral duty to help make this right' says the widow of one of Purdue Pharma's founders The Sackler Drug Rehab Facility, unlike the prestigious Sackler art galleries of New York and London does not exist. Yet. If lawyers have their way, however, or public opinion pricks a few consciences, it may soon.
Consumers from Massachusetts today filed a class-action lawsuit against Nestle for allegedly regularly importing cocoa beans from suppliers in the Ivory Coast using the worst forms of child labor as recognized by the UN, including dangerous child labor and the slave labor of trafficked children, according to Hagens Berman.
Ford Motor Co on Monday warned an additional 33,000 owners of older pickup trucks in North America to stop driving them until potentially defective Takata Corp air bag inflators can be repaired.
Authorities are trying to figure out why the carmaker allegedly shipped thousands of vehicles to Asia all with the same identification number.
Prosecutors raided carmaker Audi again earlier this week, not just because of its role in Dieselgate, but instead on the hunt for documents regarding the possible shipment of thousands of Audi vehicles to Asia with the same vehicle identification number, or VIN.
The Business Times and The Straits Times reported on Feb 11 and Feb 12 respectively that Keppel Corp said it has not yet been served with the court papers relating to a new racketeering lawsuit brought against Keppel Offshore & Marine (Keppel O&M) by certain funds managed by EIG Global Energy Partners in the United States.
Dutch lender Rabobank's California subsidiary agreed Wednesday to forfeit $369 million after a long-running investigation concluded the unit was used to launder millions of dollars in Mexican drug money. The subsidiary, Rabobank National Assn., also pleaded guilty to one count of conspiracy to defraud the United States.
As Fiat Chrysler now braces for a potentially massive fine from the government and a recall over alleged emissions cheating on its V6 diesel engines in recent Jeep Grand Cherokees and Ram Trucks, the emails reveal what a hard time the automaker had in coming to grips with the mess Volkswagen created.
Harley-Davidson is recalling several hundred thousand motorcycles because the brakes might fail.
Whether they know it or not, investors should also be thanking Dodd-Frank whistleblowers for playing a central role in policing both traders and exchanges.
For all of the attention on US and international cases, Europe has been home to some of the world's most spectacular whistleblower revelations in recent years.
Volkswagen paid huge government penalties in the U.S., but virtually nothing in Europe. Two things now seem clear: Some very senior officials knew of the wrongdoing — and they're not likely to face meaningful prison time.
Honest investors in public markets which one way or another refers to most Americans expect the government to make sure traders and the very exchanges on which they trade are not breaking the rules to rip them off. Whether they know it or not, investors should also be thanking Dodd-Frank whistleblowers for playing a central role in policing both traders and exchanges.
German police on Tuesday searched the headquarters of the high-end automobile manufacturer Audi amid an ongoing investigation into the alleged manipulation of pollutant emission levels in diesel vehicles by the Volkswagen group, which owns the brand.
Digital currencies such as bitcoin were in the spotlight again on Tuesday as lawmakers in the U.S. Senate questioned top markets watchdogs over how to better regulate the highly volatile and risky emerging asset class.
Corporate scandals are often the impetus for greater regulation. The Enron, Worldcom, and Arthur Andersen revelations led to the Sarbanes-Oxley Act, and the excesses of the financial sector paved the way for the Dodd-Frank Wall Street Reform and Consumer Protection Act. Regulators on both sides of the Atlantic made changes in the wake of the Volkswagen emissions scandal.
The U.S. Justice Department has offered to settle its emissions-cheating lawsuit against Fiat Chrysler Automobiles NV if the automaker recalls 104,000 vehicles and pays a substantial but unspecified civil penalty.
