SAO PAULO, Nov 26 - Defendants in a bribery investigation involving Brazil's state-run oil company Petrobras are trying to move the probe to the country's Supreme Court, which has a reputation for moving slowly and letting cases drag on for years.
LONDON/WASHINGTON - U.S. prosecutors will travel to London in the coming weeks to interview traders about currency market manipulation, the latest sign that authorities are closer to filing criminal charges stemming from the long-running probe, sources told Reuters.
LONDON - Senior banking executives would favour criminal prosecutions and jail time if necessary for employees suspected of serious market misconduct, one of Britain's most influential fund managers told Reuters.
- In the first lawsuit brought by a state against General Motors Co over recalls relating to a defective ignition switch, Arizona has accused the company of putting the public at risk by concealing safety issues and delaying the recalls.
* Penalties could cost GM billions of dollars (Adds company comments, background on state investigations, share price, details)
CIUDAD FRONTERA Mexico/DETROIT - The dusty, industrial town of Ciudad Frontera, Mexico, has moved from the far reaches of the global auto supply chain to the front lines of an investigation into why air bags from Takata Corp are blowing up with lethal force in accidents.
ROME - Italy's top court has overturned an 18-year jail sentence for a Swiss billionaire convicted over his role in the country's biggest asbestos scandal, saying too much time had passed since the alleged wrongdoing.
- Arizona State filed a lawsuit against General Motors Co, claiming the carmaker put the public at risk by concealing safety defects to avoid the cost of recalls.
Nov 20 - Arizona State said it had filed a lawsuit against General Motors Co claiming the automaker deliberately put the public at risk by intentionally concealing safety defects to avoid the cost of recalls.
NEW YORK - Wells Fargo & Co and the U.S. Department of Justice are "no longer as optimistic" about settling a lawsuit accusing the country's largest mortgage lender of fraud, a lawyer for the bank said on Tuesday.