HONG KONG / AP A group led by Hong Kong billionaire tycoon Li Ka-shing’s infrastructure business said on Monday it is buying Australian energy company Duet in a multibillion dollar deal. Cheung Kong Infrastructure Holdings Ltd. and Li’s property and power utility companies are proposing to buy Duet Group for 3 Australian dollars a share, in an acquisition worth …

  Bloomberg Takata Corp.’s agreement to pay $1 billion to settle a criminal investigation removes a hurdle to the air-bag maker’s sale, which the company needs to continue operations and complete the biggest product recall in automotive history. The Tokyo-based company admitted to hiding the deadly risks of its air bags for about 15 years and agreed to plead guilty …

  Bloomberg Italian Transport Minister Graziano Delrio dismissed Germany’s demands to recall Fiat Chrysler Automobiles NV cars for alleged pollution violations as “completely unacceptable,” refusing to give in after months of pressure over emissions standards. “Our tests demonstrate that there are no illegal devices or abnormal procedures” involving Fiat Chrysler vehicles, Delrio told Italy’s RAI3 state television channel on Sunday …