South Korea will extend its air- defense identification zone to cover islands and an underwater rock, adding to regional tensions escalated since China last month declared control over airspace claimed by neighbors.
Two unarmed American B-52 bombers flew through disputed areas of the East China Sea covered by China’s new air defense zone, a show of support for Japan as Prime Minister Shinzo Abe seeks to expand his nation’s military.
Robert Kelly, former Bank of New York Mellon Corp. chief executive officer, was named chairman of the Canada Mortgage & Housing Corp. in the government’s latest move to bolster oversight of the federal housing agency.
SolarCity Corp., a closely held developer of rooftop solar power systems backed by Google Inc. and Citigroup Inc., hired Robert Kelly as its chief financial officer, citing his experience at raising funds.
Canada’s housing agency, which insures C$563 billion of mortgages, named former Bank of New York Mellon Corp. Chief Executive Officer Robert Kelly chairman last month amid government pressure to upgrade management. He joins a board that includes a partner in a plumbing company and the former solicitor of a town in rural Nova Scotia.
Alcatel-Lucent, Qualcomm Inc. and Ericsson AB must defend against claims by Liberty Media Corp.’s TruePosition unit that the companies tried to deny it access to the next generation of phone-locator technology, a court ruled.
The U.S. and South Korea agreed on a strategy aimed at thwarting North Korea’s growing nuclear threat as the allies reassess their plan for South Korea to take back wartime command of its forces from the U.S.