AP Top Business News at 2:05 a.m. EDT

VW CEO: recall of cars hit by scandal to begin in January
BERLIN (AP) -- Volkswagen's new chief executive says that a recall of cars with software at the center of the emissions-rigging scandal should start in January and the automaker aims to fix them all by the end of next year....

Financial regulators move to restrict forced arbitration
NEW YORK (AP) -- The Consumer Financial Protection Bureau is considering rules that would severely curtail a contentious practice called forced arbitration, which consumer advocates have long argued does a disservice to people who have disputes with banks, credit card issuers and other financial service providers....

APNewsBreak: Senate panel probing VW's use of tax credits
WASHINGTON (AP) -- The Senate Finance Committee opened a probe Tuesday into Volkswagen's use of a federal tax credit intended for fuel-efficient cars as the company's emissions-rigging scandal widened....

Ex-UN General Assembly head among 6 held in bribery scheme
NEW YORK (AP) -- A former president of the United Nations General Assembly turned the world body into a "platform for profit" by accepting over $1 million in bribes from a billionaire Chinese real estate mogul and other businesspeople to pave the way for lucrative investments, a prosecutor charged Tuesday....

Bank of China ordered to release counterfeiters' records
SHANGHAI (AP) -- A New York judge has ordered the Bank of China to hand over detailed information about Chinese bank accounts used by a counterfeiting ring that allegedly sold millions of dollars of fake Gucci handbags and wallets in the U.S....

Asian shares mostly higher, Japan muted on BOJ decision
TOKYO (AP) -- Asian stock markets were mostly higher Wednesday, taking in stride the IMF's lower global growth forecast, while Japan traded cautiously as its central bank left monetary policy unchanged....

Samsung 3Q operating profit surges, shares jump 9 percent
SEOUL, South Korea (AP) -- Samsung Electronics announced a forecast-beating profit for the third quarter Wednesday, sending its share price up nearly 9 percent, but analysts said strong component sales and favorable currency exchange rates masked persistent weakness in its smartphone business....

New auto safety technologies leave some drivers bewildered
WASHINGTON (AP) -- Many Americans buying new cars these days are baffled by a torrent of new safety technology....

UAW threatens strike in contract talks with Fiat Chrysler
DETROIT (AP) -- The United Auto Workers union is threatening to go on strike against Fiat Chrysler after its membership rejected a tentative contract deal with the company....

Express Scripts to cover pricey new cholesterol treatments
The nation's biggest pharmacy benefits manager has decided to cover two new drugs that lower artery-clogging cholesterol but raise concern over prices that can top $14,000 a year....

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Financial regulators move to restrict forced arbitration

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