Toshiba Corp (6502.T) has set up a committee headed by a former prosecutor to broaden a probe of accounting irregularities that overstated operating profits by at least $420 million in recent years.
The Obama administration has been locked in internal wrangling over what position to take in high profile litigation between two American technology giants, Google and Oracle, according to multiple sources familiar with the discussions. It faces an end-of-May deadline to decide whether to take sides in a case before the U.S. Supreme Court that will have wide implications for the technology industry.
California environmentalists on Thursday asked a Superior Court judge to vacate new regulations governing the disposal of water produced by oil drilling, saying they do not move quickly enough to protect water supplies in the drought-ravaged state.
When the U.S. navy sent a littoral combat ship on its first patrol of the disputed Spratly islands in the South China Sea during the past week, it was watching the skies as well.
