May 04 2018
The U.S. Department of Justice unsealed an indictment today charging former Volkswagen AG leader Martin Winterkorn with conspiracy and wire fraud linked to the automaker's effort to cheat U.S. diesel emissions standards.
The 70-year-old stepped down from the German carmaker in September 2015, following revelations that the company had been cheating on diesel engine emissions tests using software created to dupe regulators.
According to the indictment, Winterkorn was told of the problem and questioned how USA regulators were threatening to delay certifying 2016 cars for sale, at a July meeting in Wolfsburg, Germany, where the company is based, according to Bloomberg News. It is unclear, however, if German prosecutors are pursuing a parallel investigation that could lead to charges in the disgraced executive's home country.
$100 billion share buyback boosts Apple's shares
Apple's share in the Indian smartphone market has stagnated to 3 percent over the recent quarters. Individually, the App Store, Apple Music , iCloud, and Apple Play all achieved record revenues .
Nuclear deal fails to modify Iran's behaviour: Pompeo
Dozens of Palestinians have been killed by Israeli fire during recent violent protests along border between Israel and Gaza. Pompeo is the highest ranking USA official to meet with the North Korean dictator.
TSX retreats as oil prices fall, USA yields climb
The stock market had already been spooked by a climb in bond yields earlier in the year, sliding sharply in February. Other technology stocks in the FAANG group, Facebook , Amazon .com Inc and Netflix Inc, also weighed on the Nasdaq.
Winterkorn resigned soon after the scandal over polluting vehicles in the United States became public in September 2015. As part of a plea deal, VW paid a $2.8 billion penalty and agreed to allow an independent monitor to oversee compliance with emissions testing for at least three years.
Winterkorn stepped down from his role at Volkswagen in September of 2015, only a matter of days after the German auto maker confessed to outfitting 11 million cars with a device created to cheat at emissions testing. He is the ninth person charged by the U.S. government in this scandal. Sessions added the government will "prosecute this case to the fullest extent of the law".
According to documents which surfaced on Thursday, the charges against Winterkorn were filed in March but were only unsealed this week.
Volkswagen said in a statement that it does not comment on individual cases. The company already pleaded guilty to various related charges in United States federal court, and it has paid out billions of dollars in fines and buybacks to former customers.
May 03 2018
Seoul says troop withdrawal not linked to treaty
Secretary-General Antonio Guterres on Tuesday, Moon said he wants the U.N.to observe the closure of the Punggy-ri test site. Seoul appears to be moving quickly to show the North it will follow through on the commitments it made during the summit.
May 02 2018
'Amazon Effect' Could Increase Housing Prices In Boston
The online retail giant announced Tuesday that it will take over an office space in Seaport Square . Now Amazon.com Inc. may give Canada's costliest market another boost.
May 02 2018
Ronny Jackson will not return as Trump's physician, Politico reports
Tester and Chairman Johnny Isakson had released a statement voicing concerns about Jackson. Speaking of the president's genetics, Jackson said, "Some people have just great genes".
May 02 2018
North Korea will SHUT nuke test site next month
We're not going to make promises. "Things are going very well, time and location of meeting with North Korea is being set". The unified time zone was meant to ease communication between the South and US, Yoon said.
May 01 2018
Avengers: Infinity War smashes box office records
The ceiling on Infinity War's domestic performance this weekend is super high , as it is playing in an astounding 4,474 theaters. Considering that Sunday is the last non-working day in the first week for Avengers , it is expected to pull in the audience.
May 01 2018
The Tinder Fire Has Forced Evacuations In The Clear Creek Area
Coconino County Emergency Management (CCEM) has activated an Emergency Operations Center in support of the Tinder Fire . Authorities believe Arizona wildfires are human-caused, but the official cause is still under investigation .
Apr 30 2018
Assault on Gaza Border
There is considerable fear among Israelis of a mass breach in which Gazans stream across, militants mixed in, wreaking havoc. Life in the coastal strip has deteriorated further in recent months, with rising unemployment and grinding poverty.
Apr 29 2018
Ravens GM Ozzie Newsome emotional after last draft with team
Moore (Maryland). "This doesn't really change things in a sense that we're going to go with Joe and he's going to roll". STILL NEED: The Ravens are fine with running back Alex Collins but hoped to find at least one backup in the draft.
Apr 29 2018
China-India mull joint economic project in Afghanistan
The news agency also quoted experts as saying that Xi-Modi meeting is significant for bilateral ties and regional cooperation. China-India relations have been under considerable strain as the two nations compete for leadership in Asia.
Apr 27 2018
Anticipated $0.62 EPS for QTS Realty Trust, Inc
With the firm's stock price now trading around $26.67, the firm has proven a solid track record of growth over the recent years. It dived, as 18 investors sold LXP shares while 80 reduced holdings. 41 funds opened positions while 110 raised stakes.
May 02 2018Fitbit and Google Team Up to Link User Data With Medical Records
May 01 2018Modi to begin campaign today
Apr 30 2018Women in Donegal may have received incorrect smear results
Apr 30 2018Tree French President Gave to Trump Disappears from White House Lawn
Apr 28 2018Israel Scraps Plans to Forcibly Deport or Imprison 30000 African Asylum Seekers
Apr 28 2018NFL Draft: New Arizona QB Josh Rosen has something to say
Apr 27 2018Supreme Court admits plea seeking transfer of Kathua case probe to CBI
Apr 27 2018England begin 2019 World Cup quest against S
Apr 27 2018Pelicans void sale of playoff tickets after code leaked to public
Apr 26 2018Labour demands government changes 'cruel' immigration policy
May 03 2018China trade spat 'inspired by evil practices,' says Ross
May 02 2018Trump Reaffirms Coercive Strategy for World Cup 2026
May 02 2018Palestinians should 'accept Trump deal or shut up', says bin Salman
May 02 2018Trump slams 'disgraceful' leak of Mueller questions
May 01 2018Kim Kardashian Unfollows Tristan Thompson On Instagram
Apr 30 2018Trump slams DOJ, Comey, Democrats, media in morning marathon
Apr 30 2018Southern grad Mike Gesicki taken in NFL Draft
Apr 30 2018Bellator 198 start time
Apr 29 2018Aztecs' Rashaad Penny drafted by Seahawks in first round of NFL Draft
Apr 28 2018Patriots Acquire Trent Brown From 49ers
Apr 28 2018Denver Broncos focus on offense on second day of National Football League draft
Apr 27 2018Injured in Wisconsin Oil Refinery Explosion, Officials Say