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Japan PM to seek fresh mandate for 'Abenomics' with snap poll

Japanese Prime Minister Shinzo Abe said on Tuesday that he would call an early election to seek a fresh mandate for his economic policies, and postpone an unpopular sales tax rise, a day after data showed the economy had slipped back into recession.

Nov 18, 2014 11:35 AM EST

Markets

Seven big U.S. companies paid CEOs more than Uncle Sam in 2013: study

Seven of the 30 largest U.S. corporations paid more money to their chief executive officers last year than they paid in U.S. federal income taxes, according to a study released on Tuesday that was disputed by at least one of the companies.

World

Exclusive: Bank of Tokyo-Mitsubishi to pay $315 million over whitewashed report: sources

Bank of Tokyo-Mitsubishi has agreed to pay $315 million to New York's banking regulator for submitting a whitewashed report about its improper handling of transactions involving countries subject to U.S. sanctions, according to people familiar with the matter.

Markets

S&P 500 hits record again; Actavis rallies

U.S. stocks rose on Tuesday, lifting the S&P 500 to a record high, boosted by healthcare after Actavis' acquisition of Allergan triggered bullish analyst notes.

Takata, Honda sued over death linked to faulty air bag

Takata Corp and Honda Motor Co were hit Monday with a lawsuit over an air bag linked to the death last month of a woman in Florida, the latest legal issue for the companies as they continue to recall millions of vehicles for the faulty part.

Nov 18, 2014 11:10 AM EST

Toyota aims to replicate Prius success with fuel cell Mirai

Toyota Motor Corp (7203.T) will introduce its first mass-market fuel cell car next month, hoping to replicate the success of its Prius hybrid with a vehicle that runs on hydrogen instead of gasoline.

Nov 18, 2014 11:06 AM EST

As China's luxury car wave ebbs, foreign firms seek domestic foothold

Daimler AG (DAIGn.DE) will give its new luxury baby, the Mercedes-Maybach limousine, a glitzy world debut at this week's Guangzhou autoshow, even as analysts warn the end is nigh for China's 10-year high-end car sales boom.

Nov 18, 2014 11:03 AM EST

Volkswagen says to stop selling SEAT cars in Russia next year

Volkswagen's (VOWG_p.DE) Spanish division, SEAT, will stop selling cars in Russia by early next year because of an economic downturn and a weakening ruble, the German carmaker said on Tuesday.

Nov 18, 2014 11:00 AM EST

Ford recalls 65,000 Fusion models on ignition key issues

Ford Motor Co (F.N) on Tuesday said it is recalling about 65,000 Fusion sedans in North America because the key can be removed from the ignition even if the car is not in the "park" position 30 minutes after the ignition is off, the company said.

Nov 18, 2014 10:57 AM EST

A guide to figuring out your real cost of college

Many parents will not learn how much they must pay for their children's college education until financial aid packages arrive this spring. By then it may be too late to get a better deal.

Nov 17, 2014 12:13 PM EST

U.S. military scrambles to keep its edge despite budget woes

Short of funds, and awash in global challenges, the U.S. military-industrial complex is betting on robotics and other new technologies to stay ahead of rapid advances in weapons development by China, Russia and other potential foes.

Nov 17, 2014 12:11 PM EST

Republicans weigh government shutdown to stop Obama on immigration

One Republican leader on Sunday held open the possibility that his party could move to shut down the government in an attempt to stop President Barack Obama from taking executive action on immigration policy.

Nov 17, 2014 12:08 PM EST

Japan recession weighs on Wall Street but M&A supports

U.S. stocks dipped on Monday, following four consecutive weeks of gains on Wall Street, as energy shares fell alongside crude futures after Japan slipped into recession.

Nov 17, 2014 12:03 PM EST

Allergan agrees to $66 billion Actavis deal; Valeant walks

Allergan Inc (AGN.N) on Monday accepted a $66 billion takeover bid from Actavis Plc (ACT.N), closing the door on a hostile offer from activist investor William Ackman and Valeant Pharmaceuticals International Inc (VRX.TO).

Nov 17, 2014 11:59 AM EST

Fiat Chrysler CEO ordered to give deposition in Jeep fire lawsuit: WSJ

A judge has ordered Sergio Marchionne, chief executive officer of Fiat Chrysler Automobiles (FCHA.MI) (FCAU.N), to give a deposition in a Georgia lawsuit involving a 4-year-old boy killed in a Jeep fuel-tank fire, the Wall Street Journal reported on Saturday.

Nov 17, 2014 11:56 AM EST

What is a recall? Carmakers confuse U.S. drivers in deadly air bag saga

In recent weeks, hundreds of thousands of U.S. Toyota drivers have received a stern warning by first-class mail: Immediately drive to your dealer to replace a flawed air bag, and in the meantime don't let anyone sit on the passenger side.

Nov 17, 2014 11:53 AM EST