Friday , May 26 2017

News

Takata rises as car makers to pay $553mn over recall losses

Takata rises as carmakers to pay $553mn over recall losses copy

Bloomberg Takata Corp., which is seeking a buyer following the auto industry’s biggest ever safety recall, surged the most in four months after some car makers reached settlements worth $553 million to resolve economic-loss claims tied to the company’s faulty products. Toyota Motor Corp., Subaru Corp., Mazda Motor Corp. and ...

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SoftBank Vision Fund raises record $93bn

SoftBank Vision Fund raises record $93bn copy

Bloomberg SoftBank Group Corp. and Saudi Arabia formally announced the first round of capital commitments for the largest- ever technology investment fund, as founder Masayoshi Son seeks to accelerate his financing of cutting-edge technologies and startups. More than $93 billion has been secured from backers led by the Japanese company ...

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Samsung ‘ejected critic’ tapped to be top business cop

Bloomberg Samsung Electronics Co.’s security guards once dragged a bespectacled professor out of the building after he heckled the chief executive officer for not doing anything when the chairman was accused of making illegal political donations. Thirteen years later, the professor — Kim Sang-jo — has the backing of South ...

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Poland faces harsh EU reality in push for coal exemptions

Poland faces harsh EU reality in push for coal exemptions copy

Bloomberg The Polish government’s hopes to get special treatment from the European Union for its coal-dependent economy may be quashed by the bloc’s strict approach to limiting the dirty fuel. The EU’s largest eastern economy needs to build more coal-fired power plants to avoid blackouts and an economic slump, Poland’s ...

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