Rupert Murdoch and his son James told U.K. lawmakers that resolution of a phone-hacking scandal at News Corp.’s British unit was delayed because they relied on a clean bill of health from the law firm Harbottle & Lewis LLP.
Toyota Motor Corp.’s Akio Toyoda, beset by recalls since taking over as president in 2009, is now finding more flaws in one of his most high-profile models and adding to a growing fleet of cars that need fixing.
Distributors for Toyota Motor Corp. , the world’s largest automaker, recalled more than 424,000 vehicles because labels detailing the load-carrying capacity of tires were missing or less accurate than required.
Lehman Brothers Holdings Inc. may have grounds to sue Goldman Sachs Group Inc. and Barclays Plc after they demanded $1.2 billion in additional margin to assume trading positions auctioned by a Chicago exchange, bankruptcy examiner Anton Valukas said.
Asian stocks rose, with the regional benchmark index extending its longest run of gains this year, as China trade data and comments by Federal Reserve Chairman Janet Yellen boosted optimism about the world’s biggest economies.