Feds open criminal probe into VW emissions admission
The Justice Department reportedly launched a criminal inquiry into Volkswagen over its admission that it rigged 482,000 US diesel cars to cheat emissions tests. Shares fell 18.6 percent as VW halted sales and apologized, while Fitch warned on ratings and regulators pressed the case. CEO Martin Winterkorn apologized and pledged full cooperation to establish the facts.
MENTIONED IN THIS ARTICLE
Justice Department
Volkswagen
Bloomberg News
Europe
U.S
Fitch
Environmental Protection Agency
California
General Motors
Toyota
Bank of America to vote on Moynihan as chair Tuesday
Bank of America will announce whether CEO Brian Moynihan can keep the chair role at a 10 a.m. Charlotte shareholder meeting. Shareholders including two California public pensions oppose the elevation last year without shareholder input.
MENTIONED IN THIS ARTICLE
Bank OF America
Brian Moynihan
Moynihan
California Public Pensions
Charlotte
Apple speeding toward electric car within four years
The Wall Street Journal reports Apple plans to release an electric vehicle by 2019, expanding the Titan project and tripling its 600 person team. The move follows meetings with California officials and talks with potential testing sites, with CEO Tim Cook offering cautious comments.
MENTIONED IN THIS ARTICLE
San Francisco
Apple
Cupertino
Calif
Wall Street Journal
California
Titan
London
The
Guardian
Elon Musk
Tesla
Tim Cook
Stephen Colbert
Apple removes tainted apps after Xcode Ghost outbreak
Palo Alto Networks flagged a malware outbreak affecting at least 39 iOS apps including WeChat and Didi Kuaidi. The Xcode Ghost was hidden in counterfeit Xcode, aimed at stealing passwords and prompting phishing. Apple pulled the compromised apps as Xi Jinping prepares for a U.S. state visit on cyber security talks.
MENTIONED IN THIS ARTICLE
San Francisco
Apple
USA
Palo Alto Networks
Santa Clara, Calif
China
Xi Jinping
U.S
John Gunn
Vasco Data Security International
Chicago
Gunn
Google
Also Mentioned on This Page
Feds Open Criminal Inquiry
Conse
Moneyline
National Association of Realtors
Tribune
Tribune Publishing
Los Angeles Times
Ine
DOW Jones Industrial
USA Today
Marketwatch.com
Jae Yang
Karl Gelles
Gartner
Thilo Koslowski
Uber
Carnegie Mellon University
Audi
Volvo
Silicon Valley
Mountain View
Austin
Koslowski
Araham
Ida
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