Japan's trade min: Takata bankruptcy filing was unavoidable
TOKYO, June 26 Japanese Trade Minister Hiroshige Seko said on Monday that Takata Corp's filing for bankruptcy was unavoidable given the severity of its product recalls.
(Corrects name to Verizon Communications Inc)
WASHINGTON Oct 13 Verizon Communications Inc general counsel, Craig Silliman, said on Thursday the company has a "reasonable basis" to believe that Yahoo Inc's massive data breach of at least 500 million email accounts represents a material impact that could allow Verizon to withdraw from its $4.83 billion deal to buy Yahoo.
Silliman told reporters that the data breach could trigger a clause that could allow Verizon to withdraw from the deal. "I think we have a reasonable basis to believe right now that the impact is material and we're looking to Yahoo to demonstrate to us the full impact. If they believe that it's not then they'll need to show us that," he said, declining to comment on whether talks are under way to renegotiate the purchase price. (Reporting by David Shepardson; Editing by Leslie Adler)
* Pandora Media CEO Tim Westergren plans to step down; co doesn't have a replacement for its founder lined up - Recode Source text : http://bit.ly/2sbOzqY Further company coverage: