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Takata Scion Reclaims President Role Amid Air-Bag Crisis

2014-12-25 13:11:31| Automakers - Topix.net

Takada, who with his mother controls the Tokyo-based auto- parts supplier through a family holding company, will also take a 50 percent pay cut for four months, the company said in a statement yesterday. Stocker, who turns 61 today, asked to step down from his position, said Hideyuki Matsumoto, a spokesman for the company.

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Biotech Booms Amid Pre-Christmas Snoozefest

2014-12-24 21:08:58| Biotech - Topix.net

Ahead of the Christmas holiday, the biotech sector staged an impressive rally Wednesday following two days of ugly action. Biotech stocks have been under significant pressure due to the emergence of a new pricing scare faced by key name Gilead .

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Takata president quits amid criticism

2014-12-24 13:43:03| BBC News | Business | UK Edition

The boss of Japanese airbag manufacturer Takata is to step down, amid widespread criticism of how the company handled recent safety crises.

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Safeway pulls caramel apples amid listeria scare

2014-12-24 03:04:53| Biotech - Topix.net

The statement Tuesday came a day after the family of a person who died from a listeria infection linked to the fruit sued the grocery company. The Centers for Disease Control and Prevention confirmed the 81-year-old woman was sickened with the same strains of listeria found in apples that infected 28 other people in nine states.

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Oil trades around $60 amid expectations of strong US economic data

2014-12-23 01:00:00| Offshore Technology

The price of Brent crude steadied around $60 a barrel on Tuesday amid expectations of strong US economic data.

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