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Business 06 Oct 2009 | 12:00 AM

Toyota formally recalls 3.8 million vehicles in US

WASHINGTON: Toyota Motor Corp. officially recalled 3.8 million vehicles in the United States on Monday to address problems with floor mats that could cause the gas pedal to stick and cause a crash.

Business 16 Mar 2019 | 12:00 AM

Flying blind in the cross-Atlantic crises

Think Asian - By Andrew Sheng FLYING to Washington DC and London this week, news came of the tragic Ethiopian Boeing 737 Max 8 jet crash almost immediately after take-off, eerily similar to what happened just five months ago to the Lion Air Max 8 jet that also crashed after takeoff from Jakarta last year.

Corporate News 25 Nov 2016 | 12:00 AM

Soh to be charged in S'pore over penny stock fiasco

SINGAPORE: John Soh Chee Wen, who along with a number of individuals were under investigation for the 2013 penny stock crash on the Singapore Exchange, has been arrested by the authorities, according to The Straits Times.

Business 29 Sep 2011 | 12:00 AM

US exchanges want tighter circuit breakers

NEW YORK: The US securities regulator is considering a plan that would improve a 23-year-old circuit breaker that did not trip during last year's 'flash crash' to make it more sensitive to extreme market moves.

Business 22 Nov 2012 | 12:00 AM

United found not liable for alleged 9/11 security lapse

NEW YORK: United Airlines bears no responsibility for the collapse of a third World Trade Center building on September 11, 2001, stemming from suspected airport security lapses that allowed hijackers to crash an American Airlines plane into the complex, a federal judge ruled on Wednesday.

Business 08 Oct 2008 | 12:00 AM

Buying ‘cash’ at discount

DESPITE several measures by the US Government to rescue its financial sector and the overall US economy, global stock markets continued to crash further as these measures confirmed that the problems faced by US financial institutions were indeed serious and most investors were not convinced they had seen the worst.

Business 04 Feb 2013 | 12:00 AM

US markets pushed close to new records last week

NEW YORK: US markets pushed tantalisingly close to new records last week, a stunning rebound after the steep crash of 2008 wiped trillions of dollars of wealth from Americans’ pocketbooks and retirement accounts.