Former Diamond Electric execs to admit price-fixing - U.S. prosecutors

WASHINGTON Fri Jan 31, 2014 11:48am EST

WASHINGTON Jan 31 (Reuters) - A former president and former vice president of Japan's Diamond Electric Manufacturing Co Ltd have agreed to plead guilty to conspiring to fix the prices of auto parts, the U.S. Justice Department said on Friday.

The plea agreement came six months after the company itself agreed to plead guilty and pay a $19 million fine for the price-fixing involving ignition coils sold to Ford Motor Co and other companies.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.