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Toyota to pay $32.4m US fine over recalls

By Agency reporter Wednesday, 22 Dec 2010 NEW YORK: Toyota has agreed to pay a record fine in the United States of $32.4m (£20.8m) over its handling of millions of car recalls, the British Broadcasting Corporation reported on Tuesday. This is the second big fine the world‘s largest carmaker will pay […]

NAICOM introduces guidelines for oil and gas insurance

By Nike Popoola Wednesday, 22 Dec 2010 The Commissioner for Insurance, Mr. Fola Daniel, on Tuesday, introduced the guidelines for oil and gas insurance business in the country. Stakeholders in the industry, comprising insurers, brokers, loss adjusters and chartered insurers, were present during the presentation of the guidelines in Lagos. Daniel […]

SEC investigates Hurd’s exit from HP

By Agency reporter Wednesday, 22 Dec 2010 SAN FRANCISCO: Regulators are looking into the events surrounding Mr. Mark Hurd‘s abrupt exit as Chief Executive of Hewlett Packard Company, a source familiar with the matter said on Tuesday. The United States Security Exchange Commission‘s probe was first reported by the Wall Street […]