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| Aug 22, 2014

Nikkei streak ends amid overheating fears

The Nikkei failed to stretch its winning streak to a 10th trading day Friday, pressured by profit-taking selling that reflected concerns over market overheating. The 225-issue index ended down 47.01 points, or 0.30 percent, at 15,539.19 on the Tokyo Stock Exchange. On Thursday, the ...

Aug 22, 2014

Venezuela proposes fingerprinting grocery shoppers

Venezuelans could soon have to scan their fingerprints to buy bread. President Nicolas Maduro says a mandatory fingerprinting system is being implemented at grocery stores to combat food shortages by keeping people from buying too much of a single item. He calls it an ...

Aug 22, 2014

U.S. government wants to make cars talk to each other

The Obama administration is taking a first step toward requiring that future cars and light trucks be equipped with technology that enables them to warn each other of potential danger in time to avoid collisions. A research report released by the National Highway Traffic ...

Aug 22, 2014

Motegi set to visit Myanmar to attend ASEAN meet, trade group talks

Trade minister Toshimitsu Motegi will visit Myanmar next week to boost economic cooperation with the Association of Southeast Asian Nations and advance negotiations for a giant regional free trade initiative, the Ministry of Economy, Trade and Industry said Friday. On Tuesday, Motegi will join ...

Aug 22, 2014

Japanese firms discover gas, oil condensate off southern Vietnam

Oil distributors Idemitsu Kosan Co., JX Holdings Inc. and Inpex Corp. said Thursday they have discovered gas and crude oil condensate in exploration mining blocks 300 km southeast of Ho Chi Minh City, in southern Vietnam. The three companies found similar accumulations in the ...

Aug 22, 2014

Bank of America settlement likely to benefit few

Bank of America’s record $16.65 billion settlement for its role in selling shoddy mortgage bonds — $7 billion of it geared for consumer relief — offers a glint of hope for desperate homeowners. The settlement requires the second-largest U.S. bank to reduce some homeowners’ ...

Bank of America settles mortgage probes with DOJ for $16.65 billion

Aug 21, 2014

Bank of America settles mortgage probes with DOJ for $16.65 billion

Bank of America Corp. has reached a $16.65 billion settlement with U.S. regulators to settle charges that it misled investors into buying troubled mortgage-backed securities. The settlement announced on Thursday by the U.S. Department of Justice calls for the second-largest U.S. bank to pay ...

Aug 21, 2014

Think tanks revise down GDP outlook for fiscal 2014

Private think tanks have cut their estimates for Japan’s gross domestic product for fiscal 2014 after the economy reportedly shrank at its fastest pace in 13 quarters in April-June. Japan’s price-adjusted real GDP will grow only 0.5 percent in the year ending next March, ...