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.
Blog
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...
Equifax Inc (EFX.N) was alerted in March to the software security vulnerability that led to hackers obtaining personal information of more than 140 million Americans but took months to patch it, its former CEO said in testimony to be delivered to Congress on Tuesday.
Munich prosecutors have arrested a second Audi employee in connection with the carmaker's emissions scandal and widenened out the number of suspects in a related investigation, a spokeswoman said on Thursday.
The Equifax breach may have you watching your financial records closely for evidence of fraudulent new accounts or suspicious transactions. But you may also want to keep a close eye on your incoming email, researchers say - and here's why. Since August, digital thieves have sent hundreds of thousands of phishing emails impersonating an alarming number of banking institutions, according to a report Thursday by the cloud security company Barracuda Networks.
Federal securities regulators are investigating an allegation by PepsiCo Inc.'s former top lawyer that the company fired her in retaliation for the way she handled an internal probe into potential wrongdoing in Russia, according to people familiar with the matter and internal documents.
The FBI arrests 10 people, including four NCAA basketball coaches and an Adidas manager, in a bribery investigation involving recruitment efforts. The four assistant or associate coaches are from Oklahoma State, Auburn, Arizona and the University of Southern California.
A former executive of French power and transportation company Alstom has been sentenced to 2½ years in prison for bribing Indonesian government officials to secure a $118 million contract to provide power there. Frederic Pierucci also was fined $20,000 Monday during a federal court hearing in New Haven, Connecticut.
25 years in prison for $550 million disability fraud, Regulator Wants Financial Industry to Self-Report Wrongdoing
Telia Settles U.S, & European Bribery Probes for $965.8M, Grassley, Leahy press Justice Department on whistleblower protections
Members of the environmental group Greenpeace on Thursday climbed aboard a cargo container carrying diesel-powered Volkswagens
New diesel cars do not produce less of the environmentally damaging carbon dioxide than gasoline vehicles
Janet L. Yellen: Wells Fargo's conduct has been 'unacceptable', 97 Months for Role in Pain Pill Diversion and $4.8 Million Medicare Fraud Scheme
Fiat Chrysler recalling 494,417 Ram trucks for safety issue
The value of credit-card points the corruption trial of a New Jersey senator raises questions about air miles
