Friday, February 20, 2015

U.S. Fines Takata Over Air Bag Probe

Federal regulators slapped Takata with fines of $14,000 a day, accusing the Japanese air-bag supplier of not cooperating with a continuing probe into a possible safety defect.



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Canada to Levy Fee on Shippers of Crude Using Rail

Canada will soon start charging shippers of crude oil a fee and use the funds in the event of crude-by-rail disaster in which cleanup costs can’t be covered by insurance, according to two people familiar with the plan.



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Russian Probe Targets Google for Anticompetitive Practices

Yandex, Russia’s biggest Internet firm, says device makers can no longer pre-install its search and map apps on Google’s Android operating system.



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Benetton to Contribute to Bangladesh Fund

Benetton agreed to contribute an unspecified amount to a fund established to compensate victims of the 2013 Rana Plaza factory collapse in Bangladesh that killed more than 1,100 people and injured more than double that number.



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Honeywell Unit, Mahindra in Talks on Aerospace Partnership

Honeywell International’s aerospace unit is in initial talks with India’s Mahindra Group to partner in the defense and civil-aviation sectors, a senior Honeywell executive said.



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Former Merck Analyst Pleads Guilty to Insider Trading Charges

A former financial analyst for pharmaceutical giant Merck this week pleaded guilty to charges related to insider trading, authorities said.



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Businesses Skirt Ban on Drone Flights

Wal-Mart, Barrick Gold and Nike are some of the companies that haven’t been deterred from a U.S. ban on commercial use of drones, citing testing or outsourcing to benefit from the technology ahead of FAA rules.



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