Fiat Chrysler sells Magneti Marelli unit to Calsonic Kansei in $7.1billion deal

Japan’s Calsonic Kansei, owned by U.S. private equity firm KKR, has agreed to buy Fiat Chrysler’s Magneti Marelli for 6.2 billion euros (an equivalent of $7.1 billion) to form the seventh-largest independent car parts supplier. The first big deal by FCA’s newly-appointed chief executive Mike Manley, who took over in July after the sudden death… Read More Fiat Chrysler sells Magneti Marelli unit to Calsonic Kansei in $7.1billion deal

Chilean appeal court orders Catholic Church to pay $650,000 damages over clergy sexual abuse

Chile’s Court of Appeal has ordered the office of Santiago’s Archbishop to pay $450 million pesos (an equivalent of $650,000) to three men who alleged they were sexually abused for decades by Chilean priest Fernando Karadima, a local newspaper said on Sunday. Citing a copy of a leaked judgment, La Tercera said the three judges… Read More Chilean appeal court orders Catholic Church to pay $650,000 damages over clergy sexual abuse

Eighteen dead, scores injured as train derails in northeastern Taiwan

Eighteen people died and 175 were injured when a train derailed in northeastern Taiwan on Sunday, authorities said, in the island’s worst rail disaster in more than three decades. Four carriages overturned in the crash, which occurred in Yilan County near the coast on a line popular among tourists when all eight cars ran off… Read More Eighteen dead, scores injured as train derails in northeastern Taiwan

Teenagers charged for fatal shooting of police officer in Georgia 

A Georgia police officer has been killed after being shot while responding to a suspicious vehicle parked near a middle school. Two teen-aged suspects have been charged, including one man who remains on the loose. Gwinnett County Police said in a statement that 19-year-old Isaiah Pretlow was arrested about 11:30 p.m. on Saturday and charged… Read More Teenagers charged for fatal shooting of police officer in Georgia 

Former Chief Justice of Nigeria Idris Kutigi dies at 78

Former Chief Justice of Nigeria, Idris Legho Kutigi, has died. He was aged 78. News Agency of Nigeria (NAN) quoted the Niger State Commissioner for Information, Danjuma Sallau, as saying that Kutigi died in a London Hospital. Kutigi was the Chief Justice of Nigeria between 2007 and 2009 and after retirement, he was made the… Read More Former Chief Justice of Nigeria Idris Kutigi dies at 78