Auto Official May Testify In Stockman Investigation
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Federal prosecutors have enlisted at least one cooperating witness to testify about the role of former Reagan-era budget chief David A. Stockman in a criminal investigation into the finances of a Michigan auto parts company he led until his ouster last year, according to sources briefed on the...
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Volkswagenâs chairman, Ferdinand Piech, may join the board of the truck maker MAN, of which Volkswagen owns a 29.9 percent stake, MAN said. Mr. Piech, along with an executive with Volkswagenâs truck division, Stephan Schaller, will be among those directors whom shareholders will vote on during the May 10 annual meeting, MAN said. Mr. Piech, above, and Mr. Schaller would join Rupert Stadler, an executive with Volkswagenâs Audi subsidiary. Volkswagen has been pushing for an alliance formed of itself, MAN and Sania, another truck maker.
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The disclosure that DaimlerChrysler might sell or spin off its Chrysler unit has put the spring back into its stock.
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The man who blew the whistle to U.S.  regulators about Fannie Mae's accounting practices will appear  before a congressional panel next week, a Capitol Hill aide  said on Tuesday, as the company revealed it had discussed a  possible earnings restatement with regulators.
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A United States inquiry into corruption at DaimlerChrysler could reportedly end in a large fine for the German-American automobile giant.
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Chryslerâs chief executive indicated it might be weeks or months before the automakerâs future can be determined.
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Special prosecutors are investigating accusations that the companyâs chairman, Lee Kun Hee, had amassed slush funds to bribe politicians, prosecutors and government officials.
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A swift response to problems should speed the automaker's recovery.
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Apple CEO Steve Jobs has been subpoenaed by the Securities and Exchange Commission to testify in a options case against his former general counsel Nancy Heinen, sources say.
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The CEO of Fiat (FIA.MI: Quote, Profile, Research) believes that exercising an option forcing General Motors (GM.N: Quote, Profile, Research) to buy its loss-mired car unit would probably result in more work for the operation
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The U.S. Securities and Exchange  Commission has asked Morgan Stanley  Chief Executive John  Mack to testify regarding what role he may have played in an  insider trading case involving hedge fund Pequot Capital,  Morgan Stanley said on Friday.
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By Ross Kerber, The Boston Globe  Sep. 16--Needham private investigator Ronald R. DeLia yesterday was asked  to testify in Washington this month by congressional officials looking for  explanations in the corporate-spying affair at Hewlett-Packard Co.
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Former Volkswagen AG personnel chief Peter Hartz will go on trial next month on charges linked to a corruption scandal at Europe's biggest automaker, a court said Monday.
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Investigators said Tuesday that they were looking into whether ice on the wings or a mechanical problem contributed to the fiery crash of an executive
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Senate governmental affairs subcommittee hearing on insurance brokerage policies, with Eliot Spitzer of New York and Richard Blumenthal of Connecticut scheduled to testify.
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OTTAWA -- The man who ran the scandal-plagued federal sponsorship program begins testifying Wednesday at the inquiry looking into the affair.
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The federal Securities Exchange Commission has asked General Motors, Ford and Navistar Corp., a maker of trucks and engines, to provide financial information about their pension and post-retirement healthcare plans.