Jul 15, 2015

Toshiba CEO to step down in September over accounting scandal

Toshiba Corp. Chief Executive Hisao Tanaka will step down in September along with other board members including Vice Chairman Norio Sasaki to take responsibility for accounting irregularities, sources familiar with the matter said. The Japanese conglomerate has hired a third-party committee to investigate past ...

Jul 8, 2015

Toshiba's padded profits may reach ¥200 billion

Improperly booked operating profits at Toshiba Corp. for the five years through March 2014 may reach some ¥200 billion, nearly double the level that has been projected so far, informed sources said Wednesday. The amount is about 20 percent of Toshiba’s officially reported consolidated ...

Jun 24, 2015

Decades-old meat seized in China raids

Almost half a billion dollars worth of smuggled frozen meat — some of it rotting and more than 40 years old — has been seized in China, reports said Wednesday. More than 100,000 tons of chicken wings, beef and pork worth up to 3 ...

Jun 20, 2015

Eighth Takata air bag death is confirmed

A woman who died in a Los Angeles-area car crash last September was the eighth person killed by exploding air bags made by Takata Corp., U.S. safety regulators and Honda Motor Co. confirmed Friday. The woman was identified in a lawsuit as Jewel Brangman, ...

Jun 18, 2015

U.S. rights leader asked if she tried to mislead university

A civil rights leader, who has posed for years as a black woman, faced tough questions about her racial identity long before this week’s revelations that she grew up “Caucasian” derailed her career. More than a decade ago, Howard University’s lawyers questioned whether Rachel ...