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Mitsubishi Aluminum loses JIS certification in wake of quality control scandal

2018-01-13 japantimes.co.jp
In a first, a Mitsubishi Materials Corp. subsidiary has lost its Japanese Industrial Standards certification for some aluminum products, the industry ministry said.

U.S. regulator asked carmakers to disclose any Kobe Steel safety issues - letter

2018-01-12 reuters
WASHINGTON, Jan 12 (Reuters) - A U.S. auto regulator asked 29 carmakers to disclose if the safety of any of their vehicles or engines containing products supplied by Kobe Steel Ltd could be affected by data cheating, according to a letter seen by Reuters. (44-0)

Quality control scandal emerges at Asahi Glass lab equipment unit

2018-01-11 japantimes.co.jp
A subsidiary of Asahi Glass Co. shipped laboratory instruments to clients for nearly three years without conducting a test required to guarantee quality, its parent has disclosed.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Kobe Steel Ltd. of Class Action Lawsuit and Upcoming Deadline - KBSTY

2018-01-11 accesswire
NEW YORK, NY / ACCESSWIRE / January 10, 2018 / Pomerantz LLP announces that a class action lawsuit has been filed against Kobe Steel Ltd. ("Kobe Steel" or the "Company") (OTC PINK: KBSTY) and certain of its officers. The class action, filed in United States District Court, for the Southern District of New York, is on behalf of a class consisting of investors who purchased or otherwise acquired Kobe Steel's American Depositary Receipts ("ADRs") between May 29, 2013, and October 12, 2017, both dates inclusive (the "Class Period"), seeking to recover damages caused by defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against Kobe Steel Ltd. (KBSTY, KBSTF) and Lead Plaintiff Deadline: February 26, 2018

2018-01-08 accesswire
NEW YORK, NY / ACCESSWIRE / January 8, 2018 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Kobe Steel, Ltd. ("Kobe" or the "Company") (OTC PINK: KBSTY, OTC PINK: KBSTF) and certain of its officers, on behalf of shareholders who purchased Kobe American Depositary Receipts ("ADRs") of Kobe Steel on the open market in the U.S., during the period May 29, 2013 through October 12, 2017, and were damaged thereby.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Kobe Steel Ltd. of Class Action Lawsuit and Upcoming Deadline - KBSTY

2018-01-06 accesswire
NEW YORK, NY / ACCESSWIRE / January 6, 2018 / Pomerantz LLP announces that a class action lawsuit has been filed against Kobe Steel Ltd. (''Kobe Steel'' or the ''Company'') (OTC PINK: KBSTY) and certain of its officers. The class action, filed in United States District Court, for the Southern District of New York, is on behalf of a class consisting of investors who purchased or otherwise acquired Kobe Steel's American Depositary Receipts (''ADRs'') between May 29, 2013, and October 12, 2017, both dates inclusive (the ''Class Period''), seeking to recover damages caused by defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the ''Exchange Act'') and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

Japan returns to work after New Year’s holidays

2018-01-04 japantimes.co.jp
Japan returned to work on Thursday after New Year’s holidays, with politicians and corporate managers vowing to overcome challenges and people hoping for a better year. (1-0)

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Kobe Steel Ltd. of Class Action Lawsuit and Upcoming Deadline - KBSTY

2018-01-03 accesswire
NEW YORK, NY / January 3, 2018 / ACCESSWIRE / Pomerantz LLP announces that a class action lawsuit has been filed against Kobe Steel Ltd. ("Kobe Steel" or the "Company") (OTC PINK: KBSTY) and certain of its officers. The class action, filed in United States District Court, for the Southern District of New York, is on behalf of a class consisting of investors who purchased or otherwise acquired Kobe Steel's American Depositary Receipts ("ADRs") between May 29, 2013, and October 12, 2017, both dates inclusive (the "Class Period"), seeking to recover damages caused by defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated there under, against the Company and certain of its top officials. (0-1)

LME copper jumps to near 4-year high

2018-01-02 thehindubusinessline
London copper was pushed higher on Tuesday on bets that demand in top consumer China will improve in 2018, keeping prices near four-year highs at the start of trading in the new year. (0-1)

METALS-LME copper starts 2018 firmer on strong China demand

2018-01-02 reuters
SYDNEY (Reuters) - London copper was pushed higher on Tuesday on bets that demand in top consumer China will improve in 2018, keeping prices near four-year highs at the start of trading in the new year. (0-1)

More investors consider nonfinancial factors in decisions

2018-01-01 japantimes.co.jp
Although it may seem slow to overseas investors, the ESG (environment, social and governance) investment started picking up in Japan just last year. (0-1)

Shanghai cautions on products from scandal-hit Kobe Steel, tightens checks

2017-12-29 reuters
SHANGHAI (Reuters) - Shanghai has issued a warning on the safety of metal products manufactured by scandal-hit Japanese firm Kobe Steel Ltd (5406.T) and strengthened scrutiny measures, state-owned Xinhua News Agency reported, citing the city’s inspection body.

Mitsubishi Materials unit hid misconduct to avoid compensation: report

2017-12-28 japantimes.co.jp
A former president of a Mitsubishi Materials Corp. subsidiary knew that its data was being fabricated but continued to ship the products in question, fearing that revealing the misconduct could lead to demands for redress and bankruptcy, an interim investigative report said Thursday.

CUSIP: 006496023