Business

Goldman Sachs Group Inc said it fired two staff after a junior employee passed confidential information from the Federal Reserve Bank of New York, his former employer, to a senior colleague in the investment bank.

Two U.S. senators plan to introduce legislation on Thursday to encourage employees in the auto industry to report information on faulty parts to federal authorities, a spokeswoman for one of the lawmakers said.

Takata Corp (7312.T) faces a long battle to gauge the fallout from a fast-moving air bag crisis as recalls mount up, adding to the costs for the loss-making Japanese auto parts maker.