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  • Canadian CEO pays $22 million in Alabama case Friday, 14 Nov 2014 | 5:32 PM ET

    TUSCUMBIA, Ala.— Alabama officials dropped securities fraud charges against the chief executive of National Steel Car on Friday in return for the Canadian businessman paying a $22 million settlement. State officials and Gregory Aziz completed the agreement Friday in Tuscumbia and Aziz was allowed to return to his home in Hamilton, Ontario, after spending...

  • Immigration, Keystone top first day of lame duck Thursday, 13 Nov 2014 | 3:18 AM ET

    WASHINGTON— Republicans controlling the House are divided over whether to fund the government for a couple of months past a December deadline to maintain leverage over President Barack Obama on immigration or to pass a full-year spending bill to clear the decks for a fresh start when the GOP gets full control of Congress in January. But many conservatives do...

  • ND mulls rules to make crude safer for shipment Thursday, 13 Nov 2014 | 2:02 AM ET

    BISMARCK, N.D.— North Dakota's top energy industry regulator unveiled new rules Thursday that would require companies to reduce the volatility of crude before it's shipped by rail. State Mineral Resources Director Lynn Helms told the state Industrial Commission that all crude from North Dakota's oil patch would have to be treated to remove certain liquids...

  • Takata refutes report of secret airbag tests - NYT Thursday, 13 Nov 2014 | 1:32 AM ET

    Nov 13- Auto parts maker Takata Corp offered a "substantive rebuttal" to accusations by two former employees that the company carried out tests on airbags in 2004 in Michigan and found signs of defects but did not report the results to federal regulators, the New York Times reported. The New York Times reported last week that Takata, at the center of a global vehicle...

  • BERLIN, Nov 12- Volkswagen AG's U.S. division said Wednesday it has agreed to steps that could allow for union representation at its plant in Chattanooga, Tennessee, where the United Auto Workers has unsuccessfully tried to organize workers. The Chattanooga plant is the only major factory in VW's global network of over 100 facilities that lacks representation...

  • Honda said "it is not aware of any claimed injuries or fatalities that have been confirmed" related to the issue. The action, upgrading Honda's "safety campaign" to a formal recall, comes a day after U.S. safety regulators, for the second time this week, ordered Honda to provide information under oath about its air bags. Honda is Takata's biggest customer, and the two...

  • TOKYO, Nov 7- Shares in Takata Corp fell more than 4 percent on Friday, reversing earlier gains after a newspaper reported that the Japanese auto parts maker had concealed the risks of potentially defective air bags following an accident in 2004.. The New York Times reported Takata had secretly conducted tests on 50 airbags retrieved from scrap yards after the...

  • DETROIT, Nov 6- Honda Motor Co said it will recall an undisclosed number of U.S. cars from model years 2001 to 2006 to replace potentially defective Takata Corp air bags. Honda did not provide a precise total. Honda said the cars were sold or registered in high-humidity states or territories, including Alabama, Florida, Georgia, Hawaii, Louisiana, Mississippi, South...

  • TALLAHASSEE, Fla., Nov 3- Florida's water war against Georgia advanced as the U.S. Supreme Court agreed on Monday to hear an interstate dispute on whether Atlanta's suburbs are sucking dry the river flow that feeds the oyster beds and fisheries of the northern Gulf Coast. Georgia had sought to dismiss the suit, filed last October by Florida Governor Rick Scott, that...

  • WASHINGTON, Oct 30- Media General Inc has won U.S. antitrust approval to buy LIN Media LLC after agreeing to divest television stations in five markets, the Justice Department said on Thursday. To win government approval for the deal, the companies agreed to sell one station in Birmingham, Alabama, two in Savannah, Georgia, one near Alabama's border with Florida, one...

  • UPDATE 4-Apple's Cook: "I'm proud to be gay" Thursday, 30 Oct 2014 | 12:24 PM ET

    *Apple Chairman Art Levinson calls Cook "courageous". Oct 30- Apple Inc CEO Tim Cook on Thursday became the most prominent American corporate leader to come out as being gay, saying he was trading off his closely guarded privacy for the chance to help move forward civil rights. The Alabama native, who has spoken out against discrimination of lesbian, gay, bisexual and...

  • *Shares open at $32 and touch a high of $33.30. Oct 29- Shares of Shell Midstream Partners LP, a master limited partnership formed by Royal Dutch Shell Plc, rose as much as 45 percent in their market debut, in the latest MLP offering to win investor confidence. Royal Dutch Shell is the first of the industry majors to take an MLP public as a means of monetizing assets while...

  • Oct 29- Shares of Shell Midstream Partners LP, a master limited partnership formed by Royal Dutch Shell Plc, rose as much as 41 percent in their market debut, in what was the largest initial public offering by an MLP in a decade. Royal Dutch Shell became first of the industry majors to take an MLP public as a way to monetize assets while lowering the cost of capital.

  • NEW YORK, Oct 27- U.S. stocks edged lower in afternoon trading on Monday, pausing after the S&P 500' s biggest weekly gain since January 2013, as energy shares fell with another decline in oil prices. Shares of Gilead Sciences, due to report results Tuesday, were up 1.8 percent and helped to limit some of the declines. Micron Technology jumped 3.5 percent and was the...

  • DETROIT, Oct 22- The United Auto Workers hopes to be recognized as the exclusive bargaining agent for workers at a Volkswagen AG assembly plant in Chattanooga, Tennessee within a year, the union's President Dennis Williams said on Wednesday. He said "I hope so," however, when asked if the UAW would gain recognition to bargain for VW workers by the time contract talks...

  • *Netflix tumbles after quarterly results. NEW YORK, Oct 16- The S&P 500 and Nasdaq eked out slight gains after another choppy session on Thursday as economic data eased fears about the potential effect of a weakening global economy on the United States. Providing some support to the market, St. Louis Federal Reserve Bank President James Bullard told Bloomberg...

  • *Netflix tumbles after quarterly results. *UnitedHealth leads Dow, S&P higher. NEW YORK, Oct 16- The S&P 500 and Nasdaq moved in and out of positive territory in afternoon trading Thursday after starting the day with losses, as economic reports eased fears about the potential impact of a weakening global economy on the United States.

  • Oct 3- The United Auto Workers on Friday announced the formation of UAW Local 112 for hourly workers at Daimler AG's Mercedes-Benz plant in Alabama, and confirmed it will work with two German labor groups to organize the plant. "What happens here is important to the future of the labor movement," said UAW president Dennis Williams, who swore in the initial members of...

  • UAW forms new local for Daimler Alabama workers Friday, 3 Oct 2014 | 5:51 PM ET

    Oct 3- The United Auto Workers on Friday announced the formation of UAW Local 112 for hourly workers at Daimler AG's Mercedes-Benz plant in Alabama, and confirmed it will work with two German labor groups to organize the plant. The American union's efforts at the plant will be similar to a strategy it employed for the Volkswagen AG plant in Chattanooga, Tennessee,...

  • MUMBAI, Oct 3- A former Infosys Ltd employee responsible for starting a U.S. investigation into the Indian information technology company's visa practices has filed another lawsuit, demanding damages for alleged wrongful termination. U.S. national Jack Palmer, who was employed by Infosys in Alabama, said in the lawsuit filed on Thursday with a New Jersey court...