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  • *Wal-Mart climbs in premarket after results. *Wal-Mart shares advanced 2 percent to $80.75 in premarket trading after the retail giant posted its quarterly results. *J.C. Penney shares fell 5.9 percent to $7.30 in premarket trading after it reported a smaller-than-expected quarterly loss Wednesday but said same-store sales were flat and slightly cut its...

  • TOKYO, Nov 13- Japan's Takata Corp is the subject of a U.S. criminal investigation over potentially defective car air bags that have been linked to five deaths, a spokesman said on Thursday. A federal grand jury in U.S. District Court for the Southern District of New York has subpoenaed Takata's U.S. unit to produce documents related to air bag defects, the spokesman...

  • 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...

  • TIMELINE-Takata air bag recalls Wednesday, 12 Nov 2014 | 10:30 PM ET

    Honda and Takata deny fault and settle for an undisclosed sum. Her family sues Honda and Takata for more than $75 million in April 2011, claiming they knew of the air bag problems as early as 2004. Honda and Takata settle in January 2013 for $3 million, according to court documents. April 27- Honda recalls 896,000 Honda and Acura 2001-03 cars in order to find...

  • Nov 12- Wal-Mart stores Inc issued an "urgent agenda" memo to its store managers across the United States last month, laying out guidelines to boost sales of "chilled and fresh" food, the New York Times reported. The memo, marked "highly sensitive", asks Wal-Mart marketing managers to make sure they discount aging meat and baked goods to maximize chances of selling them...

  • Nov 12- Wal-Mart stores Inc issued an "urgent agenda" memo to its store managers across the United States last month, laying out guidelines to boost sales of "chilled and fresh" food, the New York Times reported. The memo, marked "highly sensitive," asks Wal-Mart marketing managers to make sure they discount aging meat and baked goods to maximize chances of selling them...

  • More transparency, more pay for CEOs Tuesday, 11 Nov 2014 | 12:00 AM ET

    As compensation consultants have become more popular in determining pay, chief executives’ paychecks have actually grown. The NYT reports.

  • WASHINGTON, Nov 7- Two Democratic lawmakers on Friday called for the U.S. Justice Department to examine whether air bag-maker Takata broke the law, as authorities study the dangers of the safety device that is now part of a sweeping recall. The statement comes a day after the New York Times reported that officials with Takata Corp examined air bag dangers in 2004...

  • 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...

  • *Secret lab tests ordered after 2004 accident- paper. *Lab technicians were later told to destroy data- paper. TOKYO, Nov 7- Takata Corp, the Japanese auto parts maker at the centre of a global vehicle recall, ordered its technicians to destroy results of tests on some of its air bags after finding cracks in air bag inflators, the New York Times said on Friday.

  • 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...

  • Nov 6- Bank of America Corp tripled its third-quarter loss to $232 million as it faced additional legal costs related to global investigations into foreign exchange trading at major banks. Bank of America said it was in advanced discussions with U.S. banking regulators to resolve matters related to the business. JPMorgan Chase& Co, Citigroup Inc, HSBC Holdings...

  • NEW YORK, Nov 5- New York's banking regulator has demanded $300 million from Bank of Tokyo-Mitsubishi UFJ as part of a potential agreement over sanctions-related violations, according to people familiar with the matter. The demand comes on top of a $250 million settlement Japan's largest bank negotiated with the regulator last year for deleting information...

  • *Cuts FY revenue forecast to $3.27 bln- $3.30 bln. Nov 4- Time Inc, which publishes Sports Illustrated, Time and People magazines, cut its full-year revenue forecast for the second time, hurt by falling circulation and weak print advertising. "Supply of advertising online continues to grow and it's really a function of explosive growth in mobile and social media...

  • Nov 4- The U.S. government is suing Southwest Airlines Co to recover a fine levied on the carrier following an earlier investigation that showed the company did not comply with regulations related to repairs on Boeing 737 jetliners. The FAA investigated 44 Southwest- operated Boeing 737 aircraft serviced by Aviation Technical Services Inc, an aircraft repair...

  • Morgan Chase& Co learned about hackers who stole the bank's contact information for 76 million households and 7 million small businesses through a corporate event that it sponsors, the New York Times and Wall Street Journal reported, citing people familiar with the matter. The New York Times said the breach was part of a repository of a billion stolen passwords...

  • NEW YORK, Oct 31- U.S. authorities are investigating London- based Standard Chartered Plc for potential U.S. sanctions violations connected to its banking for Iranian-controlled entities in Dubai, according to people familiar with the probe. Investigators also learned that the company used to have an account with Standard Chartered, according to the source.

  • TAIPEI, Oct 31- Taiwan's president said in remarks published on Friday that the island needed the United States to help it develop an indigenous submarine programme. "We are still discussing this issue with the United States," President Ma Ying- jeou told The New York Times, reaffirming Taiwan's commitment to construct diesel-electric submarines to replace...

  • Midday movers: BorgWarner, Kellogg & more Thursday, 30 Oct 2014 | 12:15 PM ET

    Some of Thursday's midday movers:

  • Oct 30- New York Times Co reported lower-than-expected quarterly revenue and projected a further decline in advertising sales in the current quarter, sending its shares down about 7 percent. The New York Times, like many newspaper and magazine publishers, has been under relentless pressure to replace an evaporating pool of print advertising dollars with...