Hyundai and Kia shares dip on overstated mileage claims
Hyundai and Kia Motors shares have dipped as the firms admitted they had overstated the fuel efficiency of some of their vehicles and said they would compensate US consumers.
According to estimates, the compensation, which will cover nearly 900,000 vehicles, may cost the firms millions of dollars.
There are also fears that the firms' sales in the US, one of their biggest markets, may be hurt in the near term.
Apple paid less than 2% corporation tax on its profits outside the US, its filing with US regulators has shown.
The company paid $713m (£445m) in the year to 29 September on foreign pre-tax profits of $36.8bn, a rate of 1.9%.
It is the latest company to be identified as paying low rates of overseas tax, following Starbucks, Facebook and Google in recent weeks.
UPPER MARLBORO, Md. (AP) — The Prince George’s County school board has fewer college graduates than any other school system in the Washington region according to an analysis by The Washington Post.
The newspaper reported Sunday that two of the county’s eight board members have a bachelor’s degree. Every member of school boards in the district as well as Montgomery, Arlington, Fairfax, Loudoun and Prince William counties has at least a bachelor’s degree.
BEIJING—China's Communist Party concluded a generational shake-up of its military top brass Sunday when state media announced the appointment of an army general and a former air-force commander as vice chairmen of its Central Military Commission—the body that controls the armed forces.
Gen. Xu Qiliang is the first air-force general to be given the post—a reflection, analysts say, of the escalating ambitions and capabilities of China's military, which is rapidly developing the air and naval power needed to challenge U.S. military dominance in the Asian-Pacific region.
NEWARK, N.J. — More commuter rail lines are scheduled to resume operation Monday, but many New Jersey commuters still will have to get creative to get to work.
NJ Transit Executive Director James Weinstein said Friday that service would resume to varying degrees on trains from Bergen County and the New Jersey coast, where track damage could take several more weeks to fully repair. He estimated it would be four to five weeks before all trains would be running again, and even then some might run on adjusted schedules.