Tuesday, September 11, 2018 1:00 am
S. Korea oil imports via Iran at zero
South Korea has become the first of Iran's top-three oil customers to fulfill a hard-line U.S. demand that buyers cut imports to zero.
The Asian nation didn't import any crude from Iran last month, compared with 194,000 barrels a day in July, tanker-tracking and shipping data compiled by Bloomberg show.
While bigger consumers China and India have curbed buying from the OPEC producer, South Korea's gone one step further by halting purchases before the U.S. imposes sanctions on the Islamic republic on Nov. 4.
The Trump administration made the demand over Iranian oil after the U.S. president in May withdrew from a 2015 deal that lifted many sanctions on the Middle East nation in exchange for restrictions on the country's nuclear program. South Korea heeding that call may signal America's clout over the North Asian nation.
VW investors' trial against firm begins
Trial proceedings have begun in the lawsuit brought against Volkswagen by investors alleging the company did not give them timely notice of its scandal over cars rigged to cheat on diesel emissions tests.
Investors are seeking almost 9 billion euros ($10.4 billion), saying Volkswagen didn't give them the information they needed to decide what to do with their shares before the scandal became public. The U.S. Environmental Protection agency accused Volkswagen in September 2015 of manipulating diesel emissions, sending the shares sharply lower.
The case opening Monday in front of the higher regional court in Braunschweig, Germany, involves claims from investors that will serve as a model for further cases, the dpa news agency reported.
The model case involves claims of 4 billion euros from Deka Investments and other shareholders.
The company says it met its duty to inform investors in time.
Google takes case to top European court
Google is going to Europe's top court in its legal fight against an order requiring it to extend “right to be forgotten” rules to its search engines globally.
The technology giant is set for a showdown at the European Union Court of Justice in Luxembourg today with France's data-privacy regulator over an order to remove search results worldwide upon request.
The dispute pits data-privacy concerns against the public's right to know, and it raises questions about how to enforce differing legal jurisdictions when it comes to the borderless internet.
The two sides will be seeking clarification on a 2015 decision by the French regulator requiring Google to remove results for all its search engines on request, not just on European country sites like google.fr.
HCA Healthcare's top exec to retire
HCA Healthcare CEO R. Milton Johnson will retire at the end of the year and be replaced by veteran executive Sam Hazen, the hospital chain's president and chief operating officer.
The company also said Monday that Johnson will leave its board next spring and be replaced as chairman by Thomas F. Frist III.
HCA, based in Nashville, Tennessee, runs 178 hospitals and 119 surgery centers in several states and the United Kingdom. Johnson has been CEO since 2014.
Hazen has been with HCA for nearly 36 years.