Two owners of a Bangladesh garment factory where seven workers were killed in a weekend fire were arrested Thursday as police investigated allegations of murder and negligence. Police were questioning Smart Export Garment Ltd. Chairman Sharif Ahmed and Managing Director Zakir Ahmed after a court placed them on a two-day remand.
An agency tasked with protecting retirees' pensions is suing the owner of bankrupt RG Steel. The Pension Benefit Guaranty Corp. is seeking $97 million in a federal court in New York to cover unfunded liabilities and plan contributions. Renco Group allegedly dumped 24.5 percent of its ownership before the May 2012 bankruptcy, selling out to Cerberus Capital Management solely to avoid its pension obligations to more 1,350 retirees.
A judge rejected Apple Inc.'s demand to increase the $1.05 billion in damages a jury ordered Samsung Electronics Inc. to pay its fiercest rival in the smartphone market. U.S. District Judge Lucy Koh also rejected demands from both companies to conduct another trial on different issues over claims that the South Korean company unfairly used technology controlled by Apple to build its iPads and iPhones to market knockoff products.
Now that a $4 billion plea deal has resolved BP's criminal liability for the massive Gulf of Mexico oil spill nearly three years ago, the company will turn its focus to a trial that could potentially cost it billions of dollars more in civil penalties.
Gov. Rick Snyder asked the Michigan Supreme Court on Monday to rule quickly on the constitutionality of the new right-to-work law that takes effect in late March, saying questions on how it would impact 35,000 unionized state employees must be resolved before new contract talks begin this summer.
The DuPont Co. is feuding with sports equipment maker Easton-Bell Sports over the use of the Kevlar trademark in packaging for bicycle tires and locks. DuPont filed a federal lawsuit in Delaware this week claiming that Easton-Bell's prominent use of the Kevlar trademark on tire and lock packages infringes on DuPont's trademark.
A government report criticized the U.S. Treasury Department for approving "excessive" salaries and raises at firms that received taxpayer-funded bailouts during the financial crisis. The Special Inspector General for the Troubled Asset Relief Program said Treasury approved all 18 requests it received last year to raise pay for executives at American International Group, General Motors and Ally Financial.
China says it will impose anti-dumping duties on two chemicals from the United States and European Union for five years. The Ministry of Commerce said it ruled that U.S. and EU companies have been selling the chemicals at unfairly low prices, hurting China's domestic industry.
Obama administration officials struggled Wednesday to defend their initial statements that the Boeing 787 Dreamliner is safe while promising a transparent probe of mishaps involving the aircraft's batteries. FAA is working as quickly as possible to find the cause of the problems, assembling a team of technical experts that includes experts from industry as well as the agency's staff, Huerta said.
The U.S. International Trade Commission issued a final ruling Wednesday determining that Samsung Electronics Co., LG Electronics Inc. and other foreign manufacturers have been selling washing machines in the U.S. at below their market value, hurting the U.S. industry. The decision means the U.S. government will impose duties on imports of the washing machines.
The nation's labor unions suffered sharp declines in membership last year, the Bureau of Labor Statistics said Wednesday, led by losses in the public sector as cash-strapped state and local governments laid off workers and — in some cases — limited collective bargaining rights.
Wal-Mart Stores Inc. has alerted its global suppliers that it will immediately drop them if they subcontract their work to factories that haven't been authorized by the discounter. Wal-Mart's stricter measure, along with other changes to its policy, comes amid increasing calls for better safety oversight after a deadly fire at a Bangladesh factory that supplied clothing to Wal-Mart and other retailers.
The Supreme Court won't hear a challenge to a tough new clean air requirement limiting sulfur dioxide emissions. The high court on Tuesday refused to hear an appeal from businesses and industrial interests involving an Environmental Protection Agency regulation setting emission levels of sulfur dioxide, a colorless gas with the smell of rotting eggs.
Environmental groups hailed President Barack Obama's warning Monday about climate change, but said the president's words will soon be tested as he decides whether to approve the Keystone XL oil pipeline from Canada to the Gulf Coast. Obama pledged in his inaugural speech to respond to what he called the threat of climate change, saying, "Failure to do so would betray our children and future generations."
After two separate and serious battery problems aboard Boeing 787s, it wasn't U.S. authorities who acted first to ground the plane. It was Japanese airlines. The unfolding saga of Boeing's highest-profile plane has raised new questions about federal oversight of aircraft makers and airlines.
As Toyota Motor Corp. chips away at settling lawsuits claiming its vehicles suddenly accelerate, the question remains whether attorneys who sued could prove to a jury there was a design flaw. The company maintains stuck accelerator pedals, faulty floor mats and driver error are the reasons for vehicles unexpectedly surging, while plaintiffs' attorneys contend Toyota's electronic throttle control system is to blame.
Workers at a Japanese-owned electronic parts maker in Shanghai locked up around 10 Japanese executives for two days to press their demands for better pay and working conditions, releasing them early Sunday after police intervention. Among the captives was the president of Shinmei Electric Co., the parent company of the Shanghai factory.
A new and legally binding international treaty to reduce harmful emissions of mercury was adopted Saturday by more than 140 nations, capping four years of difficult negotiations but stopping short of some of the tougher measures that proponents had envisioned.
The American Taxpayer Relief Act of 2012, signed into law on January 2, 2013, avoids the scheduled increases to individual income tax rates for most Americans andextends a host of expired and expiring tax provisions for both individuals and businesses. A sigh of relief has been heard as at least one portion of the fiscal cliff was narrowly averted. It also ends the long and acrimonious debate over the Bush-era tax cuts.
A federal judge on Thursday dismissed a lawsuit filed by union members challenging Indiana's right-to-work law that was enacted last year. U.S. District Court Judge Philip Simon in Hammond ruled that none of the union's arguments against the law could succeed in federal court, although a challenge could still be made in state courts.
A Utah company that sold devices to remove emission controls on vehicles has agreed to pay $500,000 to settle claims by the Environmental Protection Agency that it violated the Clean Air Act. The EPA says the illegal devices allow cars to spew smoke containing particulates linked with health problems, including respiratory disease and bronchitis.
Toyota Motor Corp. has settled with family members of two people killed in a sudden-acceleration crash in Utah as part of a lawsuit that was to go to court next month and serve as a test case for a group of hundreds more that are pending. Paul Van Alfen and Charlene Jones Lloyd were killed when their Camry slammed into a wall in 2010.
The former CEO of a failed artificial sweetener facility waived a preliminary hearing Thursday at which Missouri prosecutors were to have laid out evidence of theft and fraud charges against him, but he will be back in court next week to face a formal arraignment.
The owner of a New Hampshire gunpowder company that was the site of a 2010 factory explosion that killed two men is scheduled for trial in May. Craig Sanborn of Maidstone, Vt., was indicted last year on two counts of manslaughter and two counts of negligent homicide for negligently engaging in the manufacture, production, testing and storage of explosive material.
The Federal Aviation Administration is undertaking a comprehensive review of the critical systems of Boeing's 787s, the aircraft maker's newest and most technologically advanced plane, after a fire and a fuel leak earlier this week, the agency said Friday.