Japanese prosecutors are dropping their case against an American Toyota executive who resigned following her arrest in Tokyo for drug law violations, reports said Tuesday. Julie Hamp, 55, who was recently appointed to head global public relations at the world's biggest carmaker, was taken into custody last month for importing a controlled substance without permission. The arrest of Toyota's most senior female executive at a hotel in Tokyo came after a package containing oxycodone was intercepted at the airport.
Chinese shares took another tumble Tuesday, defying government efforts to arrest a precipitous fall that has wiped an estimated $3.2 trillion off markets and threatens the world's number-two economy. The government over the weekend announced a halt to initial public offerings (IPOs) and moves to pour funds into the market to end three weeks of plunging prices. Analysts say the heavy-handed intervention throws into question the pace of China's economic reforms and the ability of the government to engineer controlled deflation of what many describe as a stock market bubble.
PAMPLONA, Spain (AP) — Two Americans and a Briton were gored and eight others injured Tuesday as thousands of daredevils dashed alongside fighting bulls through the streets of this northern Spanish city on the first bull run of the San Fermin festival, organizers said.