Dec 4, 2014

Takata rejects broader U.S. air bag recall

A senior Takata Corp. executive on Wednesday defended the company’s rejection of a broader recall for its potentially deadly air bags, insisting that testing data did not back such an action. Hiroshi Shimizu, senior vice president at the Japanese auto parts maker, confirmed at ...

Sep 18, 2014

Yelp to pay U.S. fine for child privacy violations

Online ratings operator Yelp agreed to pay $450,000 to settle U.S. charges that it illegally collected data on children, in violation of privacy laws, officials said Wednesday. The Federal Trade Commission said that Yelp, from 2009 to 2013, collected personal information from children through ...

China hits 12 Japanese auto firms with fines in price-fixing probe

Aug 20, 2014

China hits 12 Japanese auto firms with fines in price-fixing probe

China announced Wednesday that it will fine 12 Japanese auto parts suppliers a total of $202 million for colluding to raise prices in an unfolding anti-monopoly probe of the country’s auto industry. Beijing has launched a series of investigations of global automakers and technology ...

Mar 20, 2014

U.S. fines Marubeni over Indonesia bribery scheme

Trading company Marubeni Corp. has agreed to pay an $88 million fine after admitting bribing Indonesian government officials to secure a lucrative power project, the U.S. Justice Department said Wednesday. A Justice Department statement said Marubeni and employees from consortium partner Alstom had bribed ...

UBS Japan unit told to fork out over Libor

Sep 19, 2013

UBS Japan unit told to fork out over Libor

UBS Securities Japan has been ordered to pay a $100 million (¥9.8 billion) fine as part of a global resolution of allegations that it manipulated benchmark interest rates. According to court filings, the Japanese unit of UBS AG, Switzerland’s biggest bank, pleaded guilty in ...

Jul 19, 2013

Panasonic, Sanyo fined $57 million for price-fixing

Panasonic and subsidiary Sanyo have each pleaded guilty to fixing prices for auto parts and battery cells in the United States and will pay $56.5 million in fines, the U.S. Justice Department said Thursday. A third company, South Korea’s LG Chem Ltd., also pleaded ...