Jul 15, 2014

Citigroup to pay $7 billion in subprime mortgages probe

Citigroup agreed Monday to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric Holder said “shattered lives” and contributed to the worst financial crisis in decades. The settlement ...

Jul 1, 2014

GM fund for ignition defect victims to offer wide eligibility

The compensation fund for victims of General Motors Co’s defective ignition switch will be open to a broad range of people, with family members of those who died as a result eligible for at least $1 million, the attorney in charge of the fund ...

Jan 31, 2014

Firms that made No. 1 plant sued

by Mari Yamaguchi

Some 1,400 people file a joint lawsuit against three companies that manufactured the Fukushima No. 1 nuclear plant, saying they should be financially liable for damage caused by its 2011 meltdowns.

War redress reversal in South Korea

| Jan 27, 2014

War redress reversal in South Korea

by Mizuho Aoki

Recent South Korean court rulings ordering Japanese firms to compensate Koreans who were forced to perform labor for them during the war have cast a shadow on already strained bilateral ties. In July, the Seoul High Court ordered Nippon Steel & Sumitomo Metal Corp. ...

MHI maintains wartime reparations issue settled

Dec 16, 2013

MHI maintains wartime reparations issue settled

The president of Mitsubishi Heavy Industries Ltd. said the company will maintain its stance that wartime compensation issues related to Korean workers forcibly conscripted as laborers have already been settled. “We will continue to maintain our claim is right,” even if South Korea’s Supreme ...