UPDATE 1-Foxconn CEO says investment for display plant in U.S. would exceed $7 bln
* Has considered plan for years; leaked by Softbank in December (Adds further comment from Foxconn CEO)
NEW YORK Jan 12 Japanese auto parts manufacturer Takata Corp is expected to agree to plead guilty to fraud charges as early as Friday as part of a $1 billion settlement with the U.S. Justice Department to resolve the government's investigation into deadly air bag ruptures, sources said.
The settlement is also expected to include restitution to some victims and automakers, who have been forced to recall vehicles with the defective inflators.
Takata air bag inflators have been linked to at least 16 deaths worldwide, including 11 U.S. deaths. Regulators have said recalls would eventually affect about 42 million U.S. vehicles with nearly 70 million Takata air bag inflators, making this the largest safety recall in U.S. history.
(Reporting by David Shepardson in New York; Editing by Bernadette Baum)
KINSHASA, Jan 22 China Molybdenum Co Ltd (CMOC) said on Sunday that it has signed an agreement with Chinese private equity firm BHR to support BHR's acquisition of a 24 percent stake in Democratic Republic of Congo's giant Tenke copper mine.
WASHINGTON, Jan 21 President Donald Trump is ordering federal agencies to undermine Obamacare through regulatory action, a move that could weaken enforcement of the requirement for Americans to buy health coverage and give insurers leeway to drop some benefits.