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President Barack Obama's immigration edict is likely to enrich Wal-Mart because the previously undocumented millions would be able to use the giant discounter's new banking services, says Diana Furchtgott-Roth, former chief economist of the U.S. Department of Labor. Wal-Mart has made a strategic move into so-called fringe banking with its GoBank service, which includes services such as check cashing, money orders and bill pay via branchless, mobile checking accounts. [Full Story]
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Japan's transport ministry said Friday it has ordered air bag maker Takata to conduct an internal investigation after cases of its air bags exploding triggered safety concerns in the United States and other countries. [Full Story]
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