New York-based Fenway Partners LLC and four executives will pay a total of more than $10.2 million to settle charges that they failed to tell investors about payments to employees by one of its private equity fund companies, U.S. securities regulators said on Tuesday.
Volkswagen (VOWG_p.DE) was facing fresh questions on Tuesday after U.S. regulators widened their accusations of emissions- test cheating against the German carmaker to include the luxury Porsche brand previously run by its new CEO.
The top U.S. auto safety regulator on Tuesday imposed a relatively modest $70-million fine on air-bag supplier Takata Corp (7312.T) and ordered it to stop making inflators that use ammonium nitrate.
Volkswagen used devices to cheat air pollution tests in diesel luxury vehicles, U.S. environmental regulators said on Monday, in a new blow to the automaker already reeling from similar allegations regarding millions of smaller diesel engines.
