A former Bridgestone Corp. executive agreed to plead guilty to conspiring to fix prices for auto parts, a day after a grand jury indicted another executive and two former workers at the Japanese tire maker.
One current Bridgestone Corp. executive and two who formerly worked for the Japanese tire company have been indicted by a U.S. grand jury in Cleveland for allegedly conspiring to fix automotive-part prices.
Herbalife Ltd.’s investigation by the U.S. Federal Trade Commission, a move hedge fund manager Bill Ackman had sought for more than a year, threatens to stem a stock rally that had boosted the shares by more than half.
Billionaire Masayoshi Son says his wireless Internet service can challenge U.S. cable companies with lower prices and increased speeds. The pitch probably won’t quiet regulators’ qualms about his plan to buy T-Mobile US Inc.
Lions Gate Entertainment Corp. agreed to pay $7.5 million to settle U.S. Securities and Exchange Commission claims and admitted to breaking disclosure rules as it fended off billionaire Carl Icahn’s attempt to take control of the company.