Nearly $15 Billion VW Emissions Settlement Gets Preliminary OK
U S District Judge Charles Breyer granted preliminary approval to a settlement up to 15 billion dollars in the Volkswagen diesel emissions case. The deal includes up to 10 billion for buybacks and repairs, 5 100 to 10 000 per owner, and 2 7 billion for environmental mitigation plus 2 billion for zero emissions programs. About 475 000 vehicles are eligible. 85 000 higher powered cars are excluded. The judge urged opt outs to weigh environmental gains and allow owners to pursue separate lawsuits. Final ruling expected in October.
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San Francisco
Volkswagen
U.S
Charles Breyer
Breyer
Audi
VW to buy back or fix 475,000 diesel cars under $15B deal
Settlement covers 2009 to 2016 model year VW diesel cars with 2 liter engines in the United States. About 475,000 vehicles will be bought back or repaired, while roughly 80,000 3 liter diesel models remain outside the settlement. Values before the scandal ranged from $12,500 to $44,000, with an extra $5,100 to $10,000 in additional compensation for owners choosing buyback or fixes.
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The
Associated Press
Qualcomm to pay 19.5 million in gender bias suit
Qualcomm Technologies Inc agrees to a 19.5 million settlement and policy changes to promote women in STEM amid a class action by about 3,300 female employees. The company says it defended against the claims but will implement improvements.
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San Diego
Qualcomm
STEM
McDonalds Seeks New Push After All Day Breakfast
McDonalds reports 1.8 percent U S sales growth at established locations for the quarter ended June 30. CEO Steve Easterbrook says more news is coming to restore visits as competition heats up and the chain tests butter on Egg McMuffins and preservative free Chicken McNuggets while expanding self order kiosks and the mobile app.
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New York
McDonald's
U.S
Steve Easterbrook
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Jefferies
Andy Barish
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Burger King
Kevin Ozan
Dunkin’ Donuts
Starbucks
Easterbrook
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