SAN BERNARDINO: On Sunday, authorities lifted all evacuation orders and allowed crowed to return in their home, followed by explosive wildfire in Southern California. Five days before that is on Tuesday when the fire broke out 60 miles east of Los Angeles around 82,000 people were ordered to evacuate their home. Most of residents return…
Viacom Inc. said on Saturday that Chief Executive Philippe Dauman will resign immediately. The settlement with Dauman also ends the legal fight between members of the Viacom board and Redstone’s National Amusements Inc, the privately held company that holds 80 percent of the voting shares of Viacom and CBS Corp. Under terms of the settlement, Dauman…
Japanese automaker Mazda has planned to recall 11,449 imported vehicles in China due to faulty lower control arm components, the country’s top quality watchdog said on Friday. This recalls will involve CX-7 vehicles manufactured between October 1, 2009 and August 1, 2012, and CX-9 models made between November 19, 2012 and December 24, 2013, according…
Embattled automaker Volkswagen has decided to suspend production of the popular Golf model at its main production plant in Germany, a spokesman said Saturday. Some 815,000 vehicles rolled off the production line at Wolfsburg last year, including nearly 500,000 of its Golf model and its mini-van version the Golf Sportsvan. VW said the stoppages were…
US pharmaceutical giant Pfizer is reportedly in advanced talks to buy cancer drug company Medivation for about $14bn. San Francisco-based Medivation produces the prostate-cancer treatment Xtandi. France’s Sanofi was trying to buy Medivation, and Merck & Co and Celgene were also said be the queue. On Sunday Pfizer had agreed in principle to pay about…
