Hike launches Hike Wallet; allows money transfer and recharge
Expect Cars, Planes And Boats In The Crew 2
E3 2017: Mario and Rabbids: Kingdom Battle Starts Ubisoft's Conference Off Strong
Fans in focus at major E3 video game trade show
Apple Announces New iMacs, Updated MacBooks
Car Companies Settle Takata Lawsuits
20 May 2017, 12:32 | Ricardo Garza
Toyota, Subaru, Mazda and BMW settle suit over Takata air bags
Takata and auto makers for years have been defending themselves against allegations lodged in the Florida litigation.
US auto components maker Key Safety Systems (KSS) and private equity fund Bain Capital are trying to strike a rescue deal worth around 200 billion yen with Takata's steering committee and its automaker customers.
Takata Corp inflators, which can explode with excessive force and unleash metal shrapnel inside cars and trucks, are blamed for at least 16 deaths and more than 180 injuries worldwide. The Takata products have been the subject of the largest product recall in history, expected to cover more than 100 million air bags. The stock traded at 443 yen as of 9:48 a.m.in Tokyo Friday, up 12 percent.
The settlement highlights the knock-on effect of the recalls, which began around 2008 and covers about 100-million inflators around the world used in vehicles made by 19 auto makers. Takata also reached a $1 billion settlement with the USA that included a $25 million criminal fine.
Ford, Honda and Nissan have not yet settled lawsuits into their vehicle recalls.
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum.from stocks under $10 to ETF to option movers.from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy).
Toyota, Subaru, Mazda and BMW are the first automakers to exit the massive MDL, which covers the largest auto recall in U.S. history. The $553m settlement does not cover personal injury claims relating to the airbags.
Abe, Pence voice mutual support over N. Korea
After referencing Pence's trip, Earhardt asked Trump whether he has ruled out a military strike against North Korea. US Vice President Mike Pence (L) talks with Japan's Prime Minister Shinzo Abe.
China presses South Korea on THAAD missile system
Earlier in the day, Moon spoke with British Prime Minister Theresa May and German Chancellor Angela Merkel, the Blue House said. The Thaad missile system, aimed at intercepting attacks from North Korea , was made operational in South Korea last week.
Brewers bash Mets pitching again, come back for 11-9 win
Orlando Arcia had a two-run single and Jesus Aguilar drove in two runs with a double before Shaw connected for his eighth homer. Brewers: OF Ryan Braun (left calf) will travel with the team on the upcoming seven-game road trip to the Padres and Cubs.