Takata doubles U.S. recall to nearly 34 million air bags

May 20, 2015

Takata doubles U.S. recall to nearly 34 million air bags

U.S. regulators announced Tuesday that embattled auto parts supplier Takata Corp. has acknowledged defective air bags in 33.8 million vehicles in what an official described as “the most complex” recall in the country’s history. The course of events hit Takata shares hard during trading ...

May 20, 2015

U.S. charges six Chinese nationals with economic espionage

The U.S government charged six Chinese nationals with economic espionage, saying they stole secrets from two companies that develop technology often used in military systems, the Department of Justice said on Tuesday. It was the third time in as many years that U.S. authorities ...

U.S., China ships in unplanned encounter

May 20, 2015

U.S., China ships in unplanned encounter

A U.S. combat ship used agreed codes for unplanned encounters when it met a Chinese vessel during a recent patrol of the contested South China Sea, according to the vice chief of naval operations. The USS Fort Worth met a Chinese military vessel near ...

May 20, 2015

North Korea 'many years' from developing SLBM: U.S. commander

A senior U.S. military officer says North Korea is “many years” away from being able to launch ballistic missiles from a submarine. But Vice Chairman of the U.S. Joint Chiefs of Staff Adm. James Winnefeld said Tuesday such missiles could eventually present a “hard-to-detect” ...

FTC accuses four U.S. cancer 'sham charities' of $187 million fraud

May 20, 2015

FTC accuses four U.S. cancer 'sham charities' of $187 million fraud

Four organizations claiming to help cancer patients allegedly siphoned off more than $187 million to pay for lavish salaries, luxury vacations and other goods in what could be one of the largest cases of U.S. charity fraud, authorities said Tuesday. The U.S. Federal Trade ...