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.
The criminal investigation that opened yesterday into General Motors Co.’s handling of an ignition flaw linked to 13 deaths adds to legal challenges that threaten to overshadow the company’s turnaround.
The U.S. Justice Department started a preliminary investigation into how General Motors Co. handled the recall of 1.6 million vehicles with faulty ignition switches linked to at least 13 deaths, said a person familiar with the probe.
McGraw Hill Financial Inc.’s Standard & Poor’s unit may be allowed to seek information from former U.S. Treasury Secretary Timothy Geithner related to what the company said was a “threatening” call he made to Harold W. McGraw III after S&P’s downgrade of U.S. debt in 2011.
Teva Pharmaceutical Industries Ltd. agreed to pay the U.S. and Illinois $27.6 million to resolve allegations that its units illegally paid a doctor to prescribe a dangerous antipsychotic drug to patients in federal care programs.
Lois Lerner, who oversaw the U.S. Internal Revenue Service’s scrutiny of Tea Party groups, was looking for someone from every branch of government to help resolve the issue that eventually cost her job.