Dec 19, 2014

Hundreds of Fukushima evacuees sue Tepco for ¥6 billion

More than 340 people forced to evacuate by the atomic meltdowns at the Fukushima No. 1 plant in 2011 filed a lawsuit Friday against Tokyo Electric Power Co. demanding around ¥6 billion in compensation. In the case, filed with the Tokyo District Court, the ...

Dec 16, 2014

GM ignition-switch death toll rises to 42

General Motors Co. on Monday raised the death toll related to its defective ignition switches to 42 as it weighs compensation claims following its long-delayed recall of millions of cars. As of Friday, there were four more deaths eligible for compensation than a week ...

Oct 24, 2014

Patent law must retain incentives

As the government drafts amendments to the patent law, the question is how effective the new rules will be in ensuring fair corporate remuneration to inventors so that they keep their engineering talent in Japan to enhance the nation's industrial competitiveness.

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 ...