Topics

Sep 23, 2016

Russia to open Japan business support center in Far East

Russia will open a facility to support Japanese business activities in its Far East, according to a senior official of the Ministry for the Development of the Russian Far East. The move is in line with an agreement reached in early September to promote ...

Hanjin Shipping to get more funds to resolve cargo crisis

Sep 22, 2016

Hanjin Shipping to get more funds to resolve cargo crisis

Hanjin Shipping is to receive as much as $100 million in additional funds to resolve the cargo crisis caused by its slide toward bankruptcy. Hanjin’s lead creditor, Korea Development Bank, said Thursday it will offer a credit line of 50 billion won ($45 million) ...

Exxon agrees to pay millions over Yellowstone River spill

Sep 22, 2016

Exxon agrees to pay millions over Yellowstone River spill

Exxon Mobil Corp. has agreed to pay $12 million for environmental damages caused by a pipeline break that spilled 63,000 gallons (238,474 liters) of oil into Montana’s Yellowstone River and prompted a national debate over lax pipeline safety rules, officials said Wednesday. The payment ...

Disney pulls Polynesian costume following criticism

Sep 22, 2016

Disney pulls Polynesian costume following criticism

Disney said Wednesday it would no longer sell a boy’s costume for a Polynesian character that some Pacific Islanders have compared to blackface. The getup depicts Maui — a revered figure in Polynesian oral traditions and viewed by some Pacific Islanders as an ancestor ...

Congress blasts Mylan CEO over EpiPen price spike, $18 million salary

Sep 22, 2016

Congress blasts Mylan CEO over EpiPen price spike, $18 million salary

Outraged Republican and Democratic lawmakers on Wednesday grilled the head of pharmaceutical company Mylan about the significant cost increase of its life-saving EpiPens and the profits for a company with sales in excess of $11 billion. Defending the company’s business practices, Mylan CEO Heather ...

Airbus, Boeing get U.S. nod to sell aircraft to Iran

Sep 22, 2016

Airbus, Boeing get U.S. nod to sell aircraft to Iran

The U.S. government granted aviation giants Airbus and Boeing permission on Wednesday to sell aircraft to Iran following last year’s nuclear accord. European airplane manufacturer Airbus announced the license from the U.S. Treasury’s Office of Foreign Assets Control early Wednesday. Chicago-based Boeing followed with ...