Takata to pay 1 billion in criminal penalties
Takata pleads guilty to wire fraud and will pay 1 billion in penalties tied to defective air bag inflators. Three former Takata executives face charges of conspiracy and wire fraud for concealing inflator defects from automaker customers. The case comes amid the massive recall affecting 42 million vehicles and 69 million inflators across 12 automakers.
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National Highway Traffic Safety Administration
Lockheed Plans 1800 Fort Worth Jobs After Talks With Trump
Lockheed Martin CEO Marillyn Hewson said the company will add about 1,800 Fort Worth employees as production ramps for the F-35 face cost reductions. She noted the meeting with President-elect Trump aimed to lower costs and bolster U.S. jobs across the supply chain, with a target of about 85 million per aircraft in the 2019 20 window.
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Lockheed CEO says F-35 needs best capability at lowest price
Marillyn Hewson tells President-elect Trump the company will provide top F-35 capability while striving to minimize cost to U S military. She emphasizes delivering value and advancing U S defense interests.
Nintendo Switch Stumbles at Launch Price and Hopes
Nintendo faces a wobbly start as the Switch goes on sale March 3 at 300 with Zelda as launch title. Shares fell 5.8 percent after Tokyo presentation as analysts question hit potential and 2 million unit target. New online network service and titles Odyssey Splatoon 2 Arms underscore evolution from Wii era.
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Switch
Hideki Yasuda
Ace Research Institute
Sony
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Canada
Jim Sterling
The
Jimquisition
Banks Lead U.S. Stocks Higher as Earnings Surprise
Banks drove gains with JPMorgan Chase Bank of America and Wells Fargo topping expectations. Bond yield rise supported financials while real estate lagged and energy shares fell on weaker oil. Dow fell slightly while S&P 500 and Nasdaq rose with the Nasdaq setting multiple records this week.
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U.S
America
Standard & Poor
EPA preserves Obama fuel mileage rules to 2025
The EPA moved to lock in strict Corporate Average Fuel Economy standards set in 2012, keeping targets through 2025 and requiring new cars and trucks to average 51.4 mpg by 2025. The decision faced GOP and automaker protests over perceived political timing. Janet McCabe cited available technology to meet the standards.
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Environmental Protection Agency
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