VW faces $15 billion loss after emissions scandal
VW chief Martin Winterkorn faced intense pressure as the emissions testing scandal wiped about 15 billion from the company's market value in a single session. Shares fell 17.1 percent to 133.70 euros, with potential fines up to 18 billion and U.S. sales halted for affected diesel cars.
MENTIONED IN THIS ARTICLE
Berlin
Volkswagen
U.S
Martin Winterkorn
U.S. Environmental Protection Agency
U.S. Justice Department
DOJ
EPA
Liz Purchin
Justice Department
Justice For Enforcement
Airlines post $5.5 billion quarterly profit on fuel drop
U.S. airlines report net income of 5.5 billion for the quarter ended June, up 53 percent from a year earlier, the best since 2007. Lower fuel costs, a 10 percent rise in passengers, and higher bag and reservation fees drive the gains.
MENTIONED IN THIS ARTICLE
U.S. Department of Transportation
iOS App Developers Expose Users to Malicious Software
Cybersecurity firm Palo Alto Networks reports that iOS apps infected with malware were distributed when developers downloaded Apple software from sources outside the App Store. The attackers redirected users to counterfeit sites to harvest credentials and access data. WeChat Didi Kuaidi and CamCard were among the affected apps. Apple blamed unauthorized copies of Xcode for the breach, underscoring risks from unofficial app stores in China.
MENTIONED IN THIS ARTICLE
Apple
China
Palo Alto Networks
Ex-peanut executive receives 28 year prison term in outbreak
In Albany Georgia former Peanut Corp of America owner Stewart Parnell was sentenced to 28 years for leading a deadly 2008 2009 salmonella outbreak that killed nine and sickened hundreds. Judge Sands cited greed and noted the plant conditions roaches and leaky roof as factors.
MENTIONED IN THIS ARTICLE
Albany
Peanut Company
U.S
Nellie Napier
Medina
The
Gazette
Food and Drug Administration
FDA
Randy Napier
Durham
S.C
Stewart Parnell
Peanut Corp. of America
Georgia
Jacob Hurley
Jacob
Jeff Almer
Parnell’s
Almer
Nell
Parnell
W. Louis Sands
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