Business

Leaders of the United Auto Workers union and Ford Motor Co (F.N) started talks on a new labor contract on Thursday, with the specter of jobs fleeing to Mexico hanging over the proceedings.

Twenty-two financial companies that have served as primary dealers of U.S. Treasury securities were sued in federal court on Thursday, in what was described as the first nationwide class action alleging a conspiracy to manipulate Treasury auctions that harmed both investors and borrowers.

Toshiba Corp's (6502.T) chief executive stepped down on Tuesday after an independent investigation found he had been aware the company had inflated its profits, in the country's biggest corporate scandal in years.