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By Tim McLaughlin BOSTON (Reuters) - U.S. corporate bond funds this year are adding Treasuries to their holdings at more than twice the rate of corporate debt amid concern that the struggling European economy and potential changes in Federal Reserve policy will drag down profits at U.S. corporations. Through September, corporate bond portfolios boosted their holdings of U.S. government debt by 15 percent, compared with a 6.5 percent increase in corporate bonds during the same period, according to Lipper Inc data. The funds now hold about $13 billion in Treasuries, 15 percent more than the $11. ...
Shares in Japanese auto parts maker Takata sank 5.57 percent Thursday morning following on a report that US justice officials are investigating the firm over an air bag defect that may have killed several drivers. The firm fell to 1,592 yen ($15) by the break in Tokyo, after plunging 22 percent on Tuesday following an earlier air bag safety warning. The Wall Street Journal reported Wednesday that federal prosecutors in New York are probing whether Takata made misleading statements about the safety of its bags to US regulators. According to the New York Times, at least 139 injuries have been linked to Takata air bags, including 37 reported as exploding.
A five-run outburst that nearly sparked a melee powered Kansas City over the San Francisco Giants 7-2 Wednesday as the Royals pulled level in the 110th World Series. By breaking open an even game in the sixth inning, the Royals deadlocked Major League Baseball's best-of-seven final at 1-1 as the scene shifts to San Francisco for games three through five on Friday, Saturday and Sunday. A two-run double by Salvador Perez followed by a two-run homer from Omar Infante off Giants pitcher Hunter Strickland in the sixth had the intense rookie hurler yelling at Perez as players from both teams walked out of the dugout, poised in case a confrontation broke out.