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Honda to replace its CEO amid air bag crisis, sales drop
2015-02-24 23:50:38| Automakers - Topix.net
The Japanese automaker said Monday that Takanobu Ito, its president and chief executive officer since 2009, will step aside in June and be succeeded by longtime executive Takahiro Hachigo The unexpected decision follows the recalls of more 6.2 million Honda vehicles in the U.S. - and millions of others elsewhere - equipped with air bags made by Japan's Takata Corp. The air bags have inflators that can explode, expelling shards of metal and plastic. At least six deaths and 64 injuries have been linked to the problem worldwide.
American Airlines Cuts Fares Amid Southwest Pressure
2015-02-24 21:41:20| Airlines - Topix.net
American is expected to lag in passenger revenue per available seat mile growth in the near term, wrote Cowen & Co.' s Helane Becker, who also downgraded the stock to market perform from outperform and cut the price target to 55 from 66. lowered fares as it promotes its new Dallas routes, and Becker was surprised that American slashed its fares to compete.
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UN climate panel head steps down amid sex claims
2015-02-24 01:56:00| Climate Ark Climate Change & Global Warming Newsfeed
Agence France Press: The head of the UN's climate science panel, Rajendra Pachauri, stepped down Tuesday in the wake of sexual harassment claims against him that have surfaced at a crucial time on the climate agenda. Pachauri, chairman of the Intergovernmental Panel on Climate Change (IPCC) since 2002, has denied any wrongdoing, claiming his email account and mobile phone were hacked. But the 74-year-old Indian tendered his resignation with immediate effect on Tuesday in a letter to UN chief Ban Ki-moon. "The...
Oil drops below $60 amid US oversupply concerns
2015-02-23 01:00:00| Offshore Technology
The price of Brent crude oil prices has dropped below $60 a barrel due to concerns about oversupply in North America.
Head of UN climate change panel skips Nairobi meet amid sexual harassment allegations in India
2015-02-21 23:58:00| Climate Ark Climate Change & Global Warming Newsfeed
Associated Press: The Indian leader of the U.N.'s expert panel on climate change has pulled out of a key meeting in Nairobi while pledging to cooperate with New Delhi police investigating allegations of sexual harassment. The Intergovernmental Panel on Climate Change said its chairman, R.K. Pachauri, would skip next week's plenary session in the Kenyan capital "because of issues demanding his attention in India." While the organization refused to elaborate, Pachauri is being investigated after a 29-year-old...
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