Takata pleads guilty to fraud over air bag defects
Takata Corp pleads guilty to fraud and agrees to $1 billion in penalties for concealing a dangerous air bag defect linked to at least 16 deaths. Plaintiffs charge automakers knew of risks yet continued use to save money. The case notes 11 US deaths and 180+ injuries worldwide, with recalls affecting over 100 million inflators. Judge Steeh approves the deal while naming a restitution administrator.
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Detroit
Takata Corp
Takata
Yoichiro Nomura
U.S
George Caram Steeh
U.S. Justice Department
Volkswagen
Steeh
Tion
Kenneth Feinberg
General Motors
Nomura
Agai
Japan
Honda
Hondu Fai
Toyota
Ford
Nissan
BMW
Key events in Takata air bag recall timeline
Timeline traces Takata air bag issues from 1990s ammonium nitrate use to 2015 recalls and a 2016 guilty plea. Key moments include executives recognizing ruptures in 2001 and 2002 recalls, crashes like Ashley Parham in 2008, widespread recalls by 2013, penalties totaling up to 1 billion, and a 2016 wire fraud conviction.
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Takata
Takata Corp
Shinichi Tanaka
Hideo Nakajima
Tsuneo Chikaraishi
Honda
Suzu
Ashley Parham
Parham
Toyota
Nissan
Mazda
General Motors
Buffett increases Apple stake to about 133 million shares
Warren Buffett says Berkshire Hathaway holds roughly 133 million Apple shares, more than doubling his prior disclosed stake. He regards Apple as a consumer product maker with a sticky, useful device rather than a traditional tech company.
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Omaha
Neb
Warren Buffet
Apple
Buffett
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Berkshire
Bufett
Dow reaches record highs amid indecisive trading
Wall Street logged new records as the Dow Jones rose 15.68 points to 20,837.44 and the S&P 500 hit a high at 2,369.73 while oil gains helped energy shares. Investors awaited President Trump’s congressional speech for tax cuts and infrastructure plans as FCC chairman Ajit Pai signaled limited review of AT T Time Warner deal.
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Dow
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U.S
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Congress
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ATC
Time Warner
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Ajit Pai
Wall Street Journal
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Neil Grace
Pai
Associated Press
Justice Department
Donald Trump
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National Highway Traffic Safety Administration
Fron
the Market IN Review
Nyse Ano Nasdag
Goralion
Sicas
Shanesk
Zuaso
Uae
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Wester
Mutua
Ana
Cox
Sean
Nik Feng
Soanaoy ‘O.o
Sion Coine
Amano
Soa
Saon
Somaoy Ctionaoo Oman
Rim
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