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Special Report: Plant with troubled past at center of Takata air bag probe

The dusty, industrial town of Ciudad Frontera, Mexico, has moved from the far reaches of the global auto supply chain to the front lines of an investigation into why air bags from Takata Corp are blowing up with lethal force in accidents.

Nov 20, 2014 2:28 PM EST

Markets

How to beat newly hot real estate markets

How much house will $2 million get you in the United States these days? How much house will $2 million get you in the United States these days? You could buy 25 pretty nice four-bedroom, two-bath homes in Cleveland, Ohio.

News

Obama to announce immigration action in Thursday night speech: sources

U.S. President Barack Obama is expected to announce details of his executive action on immigration in a Thursday night speech ahead of travel to Las Vegas on Friday, sources close to the administration said.

News

Netflix postpones Bill Cosby's stand-up comedy special

Online movie streaming giant Netflix is postponing the launch of embattled comedian Bill Cosby's stand-up comedy special "Bill Cosby 77," the company said on Tuesday, amid accusations that he sexually assaulted women.

Saudi oil policy uncertainty unleashes the conspiracy theorists

If Saudi Oil Minister Ali al Naimi wants to stop conspiracy theories spreading before a crucial OPEC meeting next week, it's too late.

Nov 19, 2014 11:31 AM EST

U.S. starts, permits data point to improving housing market

Starts for U.S. single-family homes rose for a second straight month in October and overall building permits approached a 6-1/2-year high, suggesting the housing market was still on a recovery path.

Nov 19, 2014 11:27 AM EST

Takata senior VP to testify before U.S. Senate committee

Representatives of Takata Corp, Chrysler Group Llc, Honda Motor Co Ltd and the National Highway Traffic Safety Administration will testify before the U.S. Senate Commerce Committee on Thursday to answer questions about the dangers posed by air bags supplied by Takata.

Nov 19, 2014 11:24 AM EST

U.S. auto regulator seeks nationwide recall of Takata air bags

The U.S. auto safety regulator has told Japanese supplier Takata Corp (7312.T) and five automakers to expand nationwide a regional recall of potentially lethal air bags, increasing pressure on the industry to move faster in a growing scandal.

Nov 19, 2014 11:21 AM EST

Volkswagen China growth slows to 10 percent due to capacity limits

Volkswagen AG's (VOWG_p.DE) growth in China is expected to slow to around 10 percent this year from 16 percent in 2013 due to a conservative strategy that has limited its production capacity, the head of its Chinese operations said on Tuesday.

Nov 19, 2014 11:18 AM EST

BMW reviewing whether to replace driver-side Takata air bags

BMW (BMWG.DE) is reviewing whether to expand its recall to check whether possibly fatal air bags were installed on both the driver and passenger side of older generation 3-series models, the carmaker said on Wednesday.

Nov 19, 2014 11:13 AM EST

Peugeot plans to cut 3,450 French jobs in 2015: sources

PSA Peugeot Citroen (PEUP.PA) is preparing to cut another 3,450 French jobs next year as the troubled carmaker pursues a recovery plan under new Chief Executive Carlos Tavares, two sources with knowledge of the matter said.

Nov 19, 2014 11:10 AM EST

Home Depot sales beat estimates as U.S. job market improves

Home Depot Inc (HD.N), the world's No.1 home improvement chain, reported better-than-expected quarterly sales as an improving job market encouraged Americans to spend more on renovations.

Nov 18, 2014 11:38 AM EST

Japan PM to seek fresh mandate for 'Abenomics' with snap poll

Japanese Prime Minister Shinzo Abe said on Tuesday that he would call an early election to seek a fresh mandate for his economic policies, and postpone an unpopular sales tax rise, a day after data showed the economy had slipped back into recession.

Nov 18, 2014 11:35 AM EST

Seven big U.S. companies paid CEOs more than Uncle Sam in 2013: study

Seven of the 30 largest U.S. corporations paid more money to their chief executive officers last year than they paid in U.S. federal income taxes, according to a study released on Tuesday that was disputed by at least one of the companies.

Nov 18, 2014 11:31 AM EST

Exclusive: Bank of Tokyo-Mitsubishi to pay $315 million over whitewashed report: sources

Bank of Tokyo-Mitsubishi has agreed to pay $315 million to New York's banking regulator for submitting a whitewashed report about its improper handling of transactions involving countries subject to U.S. sanctions, according to people familiar with the matter.

Nov 18, 2014 11:24 AM EST

S&P 500 hits record again; Actavis rallies

U.S. stocks rose on Tuesday, lifting the S&P 500 to a record high, boosted by healthcare after Actavis' acquisition of Allergan triggered bullish analyst notes.

Nov 18, 2014 11:19 AM EST