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.
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.
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.
Toyota Motor Corp.’s Camry, the best-selling mid-size car in the U.S., and the Prius V hybrid earned the lowest ratings in a new crash test simulating a severe front-end collision, an insurance group found.
Toyota Motor Corp. won the right to appeal a federal judge’s ruling that car owners who hadn’t experienced unintended acceleration could sue the company over economic losses related to the alleged defect.
Toyota Motor Corp. ’s recall of 1.53 million autos worldwide for a flaw linked to brake-fluid leaks boosts the company’s tally of U.S. vehicles requiring repairs to more than 5 million this year. Honda Motor Co. plans to fix almost a half-million vehicles for the same defect.