Sep 29, 2015

Hitachi to settle for $19 million over South Africa power plant payments

Hitachi Ltd. has agreed to pay $19 million to resolve allegations by U.S. regulators that it inaccurately reported improper payments it made to South Africa's ruling party to win power plant contracts. The Securities and Exchange Commission announced the settlement Monday with the conglomerate. The SEC ...

NHTSA fines Fiat Chrysler record $105 mlllion over safety recall lapses

Jul 27, 2015

NHTSA fines Fiat Chrysler record $105 mlllion over safety recall lapses

The U.S. auto safety watchdog, toughening its stance against manufacturer defects, announced on Sunday a record $105 million in fines against Fiat Chrysler Automobiles NV over lapses in safety recalls involving millions of vehicles. The Italian-U.S. automaker's consent agreement with the National Highway Traffic Safety ...

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 December ...