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Japanese airbag maker Takata files for bankruptcy, gets U.S. sponsor

TOKYO Japan's Takata Corp , the firm at the centre of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it would be bought for $1.6 billion by U.S.-based Key Safety Systems.

Recent Business News

Investing with 'green' ratings? It's a gray area

BOSTON/NEW YORK Investors betting trillions on ethically-appealing stocks may not be getting all they expect.

1:31am EDT

Clogged oil arteries slow U.S. shale rush to record output

GUERNSEY, WYOMING A gallon of gasoline that allows a driver on the U.S. East Coast to travel about 25 miles has already navigated thousands of miles from an oil field to one of the world's largest fuel markets.

4:15am EDT

EU court seen ruling on Intel antitrust case next year: judge

PARIS Europe's top court is likely to rule on Intel's appeal against a record 1.06 billion euro ($1.19 billion) EU antitrust fine next year, an EU judge said on Monday, a case that may affect companies such as Google and Qualcomm in the EU's crosshairs.

5:08am EDT

China jails Crown Resorts staff over gambling crimes

SHANGHAI A Chinese court jailed 16 employees of Crown Resorts Ltd, including three Australians, in a quick-fire trial on Monday that caps a lengthy probe into how the firm lured Chinese high-rollers to its casinos. | Video

5:50am EDT

Intesa sees closure of 600 branches, exit of 3,900 staff in Veneto banks deal

MILAN Intesa Sanpaolo said on Monday its planned acquisition of the good assets of Banca Popolare di Vicenza and Veneto Banca could lead to the closure of around 600 branches and the departure, on a voluntary basis, of around 3,900 staff.

2:38am EDT

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