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The energy giant said the proposed resolutions are not expected to cover federal civil claims, including damages under the Clean Water Act, federal and state natural resources damages claims, or outstanding private civil claims....More

Japan's biggest automaker said there were no reported injuries or accidents, but it had received about 400 complaints in Japan over the pump issue and a handful about the steering problem....More

The Japanese auto parts supplier, which also agreed to plead guilty to obstruction of justice, will pay a $17.7 million criminal fine for its role in a conspiracy to fix prices of heater control panels....More

The German automaker Daimler AG (IW 1000/18), which owns Mercedes Benz, revised its 2012 operating profit target lower on Wednesday after posting an annualized 11% drop in third- quarter net profit....More

The European Commission rejected on Monday a French request for close oversight of auto imports from South Korea, saying there was no legal basis for such a move. "The French request for the introduction of prior surveillance concerning cars from Korea has been refused because the legal conditions were not met," a spokesman for EU Trade Commissioner Karel De Gucht said....More

The Japanese automaker aims to have 85% of all Nissan and Infiniti products that are sold in the United States produced in North America by 2015....More

However, shares in the company rose by more than 9% in Helsinki after sales came in higher than forecast. The group's cash position was also slightly better than expected....More

BHP Billiton chief Marius Kloppers said Wednesday that China's steel surge had peaked, and iron ore and steel growth was likely to decline, as the miner delivered a mixed quarterly production report....More

The company, badly hit by the U.S. real estate and financial meltdown in 2008, had posted a net loss of $730 million in the same period last year....More

"This unexpected decline was only possible because of grave errors by BP, which leads the consortium that operates the Azeri and Chirag fields," Azerbaijani President Ilham Aliyev told a meeting of Azerbaijan's cabinet late Wednesday....More

Supreme Court offers no explanation for its decision to not take up the case....More