DETROIT— Honda is admitting that it failed to report more than 1,700 injury and death claims about its vehicles to U.S. safety regulators, a violation of federal law. The agency said at the time that Honda may have failed to report incidents related to air bags made by Takata Corp. as well as other defective parts. Honda blamed the lapses on inadvertent data entry...» Read More
This year it rejected plans by Citigroup to buy back $6.4 billion of shares and boost dividends, and also objected to plans from the U.S. units of three European banks: HSBC, RBS and Santander.
WASHINGTON, June 25- The U.S. economy contracted at a much steeper pace in the first quarter than previously estimated, turning in one of its worst-ever non-recession performances, but growth already appears to have rebounded strongly.
SAN FRANCISCO, June 25- Google Inc is working with three manufacturers to develop a sub- $100 smartphone for the Indian market this fall, getting Android software into one of the fastest-growing major mobile markets.
GOOGLE SAYS WORKING WITH DEVELOPERS TO BRING SUB- $100 4.5- INCH PHONE TO INDIA IN THE FALL.
NEW YORK, June 25- Like a lot of American couples in the late 1950 s, my parents got a set of sterling silver flatware for their wedding. And also like many, they have not used it for many years.
June 25- Drug developer Aerie Pharmaceuticals Inc said its experimental glaucoma drug, which is a combination of two drugs, was found more effective than the two individual drugs in a mid-stage trial, sending the company's shares to a life high.
GOOGLE SAYS ANDROID TABLETS NOW ACCOUNT FOR 62 PCT OF OVERALL SHIPMENTS.
CHICAGO, June 25- U.S. wheat futures edged higher on Wednesday after setting a new four-month low earlier in the day, while corn futures slipped for the third consecutive session on expectations for a bumper U.S. harvest.
WASHINGTON, June 25- Omnicare Inc will pay $124 million to resolve allegations that it paid kickbacks to secure contracts to supply drugs to nursing homes with Medicare and Medicaid patients, the U.S. Justice Department said on Wednesday.
*Says deal would boost new AbbVie's adjusted EPS materially. LONDON, June 25- U.S. drugmaker AbbVie said on Wednesday it wanted to move rapidly to clinch a takeover of Shire as it set out the strategic rationale for buying the London- listed company, which has spurned its $46 billion offer.
NEW YORK, June 25- Television journalist Diane Sawyer will be stepping down as the anchor of the nightly newscast " ABC World News," but will continue working for the network, doing specials and interviews, ABC News President James Goldston announced on Wednesday.
BOEHNER DECLINES TO SAY WHETHER HE SUPPORTS EX-IM REAUTHORIZATION, SAYS HIS JOB IS TO FACILITATE DEBATE IN REPUBLICAN CAUCUS ON THE ISSUE.
U.S. HOUSE SPEAKER BOEHNER SAYS "CLEARLY TIME" FOR U.S.
The U.S. Department of Commerce's Bureau of Industry and Security told Pioneer Natural Resources Co that lightly processed condensate would be eligible for export without a license.
NEW YORK, June 25- Stocks on Wall Street rose on Wednesday despite disappointing U.S. economic data while German bond yields hit their lowest levels for the year as European investors moved toward safe havens.
BRUSSELS, June 25- The European Union's top negotiator in the gas price row between Ukraine and Russia said on Wednesday he would call Moscow as soon as possible to try to get both sides back to talks and Ukraine meanwhile should fill up its gas storage.
SHANGHAI/ HONG KONG/ SYDNEY, June 26- A warehouse fraud at China's third-largest port has forced banks and trading houses to consider new controls in the country's massive commodity financing business, which traders say could lead to drying up of credit for all but large firms and state-owned companies.
During a hearing of the Senate Finance Committee, the panel's Democratic chairman and its ranking Republican member described Nathan Sheets as well qualified to be the Treasury's under secretary for international affairs.
MOSCOW, Jun 25- Russia is unlikely to ban major companies from holding accounts at foreign banks as part of a new law as some media reports have suggested, First Deputy Prime Minister Igor Shuvalov said.
HALLE, Germany, June 25- Germany's top central banker has warned the European Central Bank against buying securitised debt, saying that such a move could turn it into the bad bank of Europe.