U.S. regulator orders national Takata driver-side air bag recall

DETROIT - The U.S. National Highway Traffic Safety Administration on Wednesday ordered air bag supplier Takata Corp to expand its regional recall of driver-side air bags to cover the entire United States.

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Nigeria's parliament says Shell should pay $4 billion for 2011 oil spill

ABUJA - Nigeria's National Assembly said on Wednesday oil major Shell should pay $3.96 billion for a 2011 spill at its offshore Bonga oilfield in the latest assessment of damage to the environment.

New home sales rise in October, but September revised down

WASHINGTON, Nov 26 - Sales of new U.S. single-family homes rose for a third straight month in October, but a downward revision to the prior month's sales pace indicated the housing market recovery would remain gradual.

12:49pm EST

OPEC heading for no output cut despite oil price plunge

VIENNA - OPEC Gulf oil producers will not propose an output cut on Thursday, reducing the likelihood of joint action by OPEC to prop up prices that have sunk by a third since June. | Video

3:18pm EST

U.S. FAA proposes requiring fix for Boeing 787 Dreamliner

NEW YORK - The U.S. Federal Aviation Administration proposed on Wednesday requiring a fix for Boeing Co's 787-8 Dreamliner, following "numerous reports of failures of proximity sensors" on the high-tech plane's wings.

Wal-Mart dismisses several China executives to cut costs

- Wal-Mart Stores Inc said it had dismissed several executives in China as part of an effort to lower costs in the country, where it has been grappling with slower sales and tough price competition.

1:20pm EST


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