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Mar 18, 2014
03/14
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. >> and marry barra makes a public admission about recalls and plans to change the way the company handles investigations but was she persuasive? that and more for night by business report for monday, march 17th. >> good evening, everyone. it is st. patrick's day, a lot of green and green arrows. a relief rally thanks to no violence following the referendum vote in crimea. more on that in a moment. now a report showing manufacturing output jumped the post in six months, also added to the positive feeling. on wall street, the dow surged 181 points, the nasdaq rose 34 and the s&p 500 up almost 18 points. all three had the biggest one-day gain in two weeks. >> as the markets rose because of the lack of violence, tensions between the united states and russia are rising. some call it the worst super power dispute since the cold war. the u.s. and european union slapped sanctions on russia and ukrainian officials after a vote paved the way for russian president vladimir putin to annex crimea from ukraine. the economic sanctions are the most visible signs of western anger at russia. still, preside
. >> and marry barra makes a public admission about recalls and plans to change the way the company handles investigations but was she persuasive? that and more for night by business report for monday, march 17th. >> good evening, everyone. it is st. patrick's day, a lot of green and green arrows. a relief rally thanks to no violence following the referendum vote in crimea. more on that in a moment. now a report showing manufacturing output jumped the post in six months, also added...
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Mar 18, 2014
03/14
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WUSA
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this is barra's second apology in two days. yesterday, she apologized to employees. >> after all something went wrong with our process in this instance and terrible things happened. >> i think that's an unprecedented step to apologize the way mary barra did. >> jackener adis with kelly blue book. >> reporter: also today barra named jeff boy a 40-year veteran of g.m. to head up global vehicle safety. >> this is a big big company and problems have a tendency to be buried in bureaucracy so appointing somebody whose key job is to keep track of safety is a very important step, i think. >> reporter: g.m. has admitted to knowing that faulty ignition switches could cause engines to shut down and power steering and airbags not to work. yet the company did not issue a recall for 13 years. a 2011 study by the insurance institute forafety found the chevrolet cobalt had the highest fatality rate of the bestselling cars in its class. >> one thing to remember about this is many people who were at the prebankruptcy general motors are still hig
this is barra's second apology in two days. yesterday, she apologized to employees. >> after all something went wrong with our process in this instance and terrible things happened. >> i think that's an unprecedented step to apologize the way mary barra did. >> jackener adis with kelly blue book. >> reporter: also today barra named jeff boy a 40-year veteran of g.m. to head up global vehicle safety. >> this is a big big company and problems have a tendency to be...
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Mar 18, 2014
03/14
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FBC
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or should mary barra throw him under the bus? wagoner, famously flew a private plane to the bankruptcy hearings in washington. adam: i was there for that. >> this is under his watch. shouldn't throw him under the bus but he has a real problem with congress. he has to let the investigation take its to. when it is -- take its toll. when it is through the facts should speak for themselves and that should be the end of it. adam: would rick wagoner summoned to gm headquarters and 20 million-dollar pension he kept after the bankruptcy and explain what went wrong. >> she has to find out, adam, who did what, when, and most specifically why we didn't recall these cars when we knew that ignition was faulty. he and the executives at the time have a lot to answer to. adam: in regards to perfume on a skunk i used to have a dog who got skunked when we lived in cleveland, perfume down work. dishwashing soda. >> sorry to hear that. >> thank you very much. cheryl: lipstick on a pig doesn't work either? adam: no. haven't gotten there yet. cheryl:
or should mary barra throw him under the bus? wagoner, famously flew a private plane to the bankruptcy hearings in washington. adam: i was there for that. >> this is under his watch. shouldn't throw him under the bus but he has a real problem with congress. he has to let the investigation take its to. when it is -- take its toll. when it is through the facts should speak for themselves and that should be the end of it. adam: would rick wagoner summoned to gm headquarters and 20...
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Mar 12, 2014
03/14
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ALJAZAM
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. >> newly appointed mary barra has retained a lawyer to spearhead an internal probe into the recall.ut the controversy is blurring the line between the old gm and the image the company has been trying to craft since . >> they are going to look into it, and the meltons are hopeful that the truth will come out. >> in a letter to employees mary barra promised th the internal review about the recall as an untarnished report. they have learned the hard way that it pays to keep drivers safe. 18 automakers issued 184 recalls according to the highway traffic administration. now one could argue the industry is quick to issue recalls to reveto regulator investigation not to mention trial lawyers. matt said general motors is facing a defining moment, what do you mean by that, matt? >> i think it's a question of trust. in light of the bailout gm has an opportunity here to show how it's going to handle these cases in the future. i think that's one of the issues on the table here. as mary barra promised a full and unvarnished report, they need to do that to establish that link of trust. certainly
. >> newly appointed mary barra has retained a lawyer to spearhead an internal probe into the recall.ut the controversy is blurring the line between the old gm and the image the company has been trying to craft since . >> they are going to look into it, and the meltons are hopeful that the truth will come out. >> in a letter to employees mary barra promised th the internal review about the recall as an untarnished report. they have learned the hard way that it pays to keep...
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Mar 18, 2014
03/14
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BLOOMBERG
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as scrutiny intensifies, ceo mary barra is stepping up.he created a global vehicle safety position and promoted an executive to run this group. she posted this video on the company website. >> we have to latch to cooperate while we work to make the recall as smooth as possible. something went wrong with our process and terrible things happen. as a member of the gm family and a mom with a family of my own, this hits home for me. we have apologized, but that is just one step to resolve this. we mailed recall letters to owners on march 10 and 11. we will send a bulletin to dealers the week of april 7. we will send follow-up letters to customers to let them know parts are available. we are adding a second production line and our supplier to double parts availability. we are completely focused on the problem at the highest levels of the company. we are putting the customer first and that is guiding every decision we make. that is how we want today's gm to be judged. our system is going to change because of this. we're using this opportunity to
as scrutiny intensifies, ceo mary barra is stepping up.he created a global vehicle safety position and promoted an executive to run this group. she posted this video on the company website. >> we have to latch to cooperate while we work to make the recall as smooth as possible. something went wrong with our process and terrible things happen. as a member of the gm family and a mom with a family of my own, this hits home for me. we have apologized, but that is just one step to resolve...
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Mar 19, 2014
03/14
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ALJAZAM
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mary barra, named c.e.o.n january the 15th says the company is conducting an internal investigation. it will take sepp months. she -- seven months, she did not say if families will be compensated for thoroughs kill. >> investigators are trying to work out what caused a tv helicopter to crash in seattle. it happened after the komo helicopter took off in seattle. two people on board - the pilot and photo journalist - were killed. two cars and a pick-up truck, with a driver hospitalised. >> the new york mayor will re-examine the helicopter pad arrangements. >> coming up, men who fought for our country but denied medals are being recognised. >> changes to major league baseball in time for opening day. new rules protecting catchers from injury. >> welcome back. as the 2014 baseball season gets underway major league players will have to adapt to a rule aimed at increasing player safety. michael eaves has more on the changes. >> it's been called the most sacred part of the game - home plate. it's where every hitter
mary barra, named c.e.o.n january the 15th says the company is conducting an internal investigation. it will take sepp months. she -- seven months, she did not say if families will be compensated for thoroughs kill. >> investigators are trying to work out what caused a tv helicopter to crash in seattle. it happened after the komo helicopter took off in seattle. two people on board - the pilot and photo journalist - were killed. two cars and a pick-up truck, with a driver hospitalised....
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Mar 31, 2014
03/14
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CNBC
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indeed, tomorrow, mary barra will be testifying on the hill at 2:00 p.m. that is our time.ill be carrying it live here on "street signs." >>> couple dozen people are still displaced after this weekend's 5.1 earthquake in orange county, california. it's got residences and businesses worried, perhaps a dormant fault has been awakened. jane wells is near the epicenter in fullerton, california. >> reporter: i'm not kidding, 30 seconds ago we had another aftershock. felt like a subway going under the street. wasn't strong but enough to look at each other, like did you feel that. a few minutes ago, the inspectors arrived from the city, to look at some of the houses. we have video of that. they are at this house next to me trying to determine if the houses they have red-tagged are now safe to inhabit. they are being inhabited whether red-tagged or not. broken dishes may be easier to fix than rattled nerves as friday's quake was a little unusual because most people were awake. it happened at 9:00 at night. usually these things for no particular reason happen in the morning. a few s
indeed, tomorrow, mary barra will be testifying on the hill at 2:00 p.m. that is our time.ill be carrying it live here on "street signs." >>> couple dozen people are still displaced after this weekend's 5.1 earthquake in orange county, california. it's got residences and businesses worried, perhaps a dormant fault has been awakened. jane wells is near the epicenter in fullerton, california. >> reporter: i'm not kidding, 30 seconds ago we had another aftershock. felt...
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Mar 24, 2014
03/14
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KICU
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barra vows to release an "unvarnished" report. also next month-- the senate will investigate possible tax evasion by caterpillar. a committee will determine whether caterpillar avoided taxes by moving profits overseas and deferring payment to the u-s. bloomberg reports-- the company has received notices from the irs, which contends cat owes additional federal taxes. the equipment maker denies any wrongdoing an appeals court is sticking with the federal reserve's rules to cap "swipe fees" at 21 cents. swipe fees passed on to retailers are set by visa, mastercard, banks and other card companies. before the cap -- fees averaged 44 cents per swipe. retailers were pushing for a fee limit lower than 21 cents. the court rulling is viewed as a "win" for banks. bond trading is yielding questions from regulators. the sec is curious about the way bond brokers show prices in the market according to bloomberg news. regulators are also concerned the bond industry has not kept pace with new technology and continues to trade using secret emails a
barra vows to release an "unvarnished" report. also next month-- the senate will investigate possible tax evasion by caterpillar. a committee will determine whether caterpillar avoided taxes by moving profits overseas and deferring payment to the u-s. bloomberg reports-- the company has received notices from the irs, which contends cat owes additional federal taxes. the equipment maker denies any wrongdoing an appeals court is sticking with the federal reserve's rules to cap...
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Mar 19, 2014
03/14
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KICU
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on monday its ceo mary barra admitted the company had mishandled safety complaints years ago. yesterday she announced, effective immediatly, a new position is being created that will oversee global vehicle safety. kevin paul scott, he's the author of "8 essential exchanges" he joins us now via skype -- you're a management consultant...how would you assess her early days in the driver's seat at gm? > > i think miss barra has taken the reins of this company on january 15th and is bringing in a new day for gm. a day that is about transparency and she really is reversing course and getting out ahead of these issues. > > so you say reversing course, so before it was more stonewall but her style is to be open? > > absolutely gm in the past has tried to delay and deny-- they've known about these issues for a long time. they have taken approach similar to what target was taking during the holiday season which was trying to downplay these the seriousness of this and she is really reversing course and saying we're going to be honest, we're going to be open, and we're going to get out in
on monday its ceo mary barra admitted the company had mishandled safety complaints years ago. yesterday she announced, effective immediatly, a new position is being created that will oversee global vehicle safety. kevin paul scott, he's the author of "8 essential exchanges" he joins us now via skype -- you're a management consultant...how would you assess her early days in the driver's seat at gm? > > i think miss barra has taken the reins of this company on january 15th and is...
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Mar 18, 2014
03/14
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FBC
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>> couldn't answer a lot them today, mary barra, in the meeting she had with reporters.did she know and she learned about this problem in december. she will testify to congress whenever she is called. should know about that later this week. she didn't say whether they would claim bankruptcy immunity for the stuff that happened before bankruptcy. at this point she said no one has been fired at this time. here are some quotes from mary barra, just to print reporters, not appearing before the cameras today. she did extend her deep could condolences to all the family loss, at least 12 we know of. we'll take every step to make sure it never happens again. there will be no sacred cows in the investigation. clearly she said this took too long. one of the families she apologized too was the victim of a crash of a chevy cobalt. this is the first one we know of in 2005 in maryland. the girl that died, 11 years old. she, i should point out was not wearing a seatbelt. was legally drunk at the time. and was going 69 miles-an-hour in 25 miles-an-hour zone. despite that airbags did not
>> couldn't answer a lot them today, mary barra, in the meeting she had with reporters.did she know and she learned about this problem in december. she will testify to congress whenever she is called. should know about that later this week. she didn't say whether they would claim bankruptcy immunity for the stuff that happened before bankruptcy. at this point she said no one has been fired at this time. here are some quotes from mary barra, just to print reporters, not appearing before...
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Mar 31, 2014
03/14
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ALJAZAM
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mary barra has been with general motors her entire career. by the way when our tax dollars were going to save general motors, i was a remarkable public advocate of this. but to get that taxpayer money they kept their mouths shut. i hope we get to the bottom of this. >> because ali i remember there were people lined up to say this is good money after bad, that is a bad company, it doesn't necessarily make a good product right now. that was part of the argument -- >> and the only thing that works in their favor, it's not really working in their favor, it's just that some of these recalls are from cars that are older than when that debate was taking place in 2008 and 2009. when that's the excuse that saves you that's pretty bad. >> what else are you working for often your program? >> the obamacare deadline, tonight, but people have had problems, we'll talk about whether these extensions hef you, what the penalties are how to make a better decision before midnight. >> ali velshi, good to see you ali. thank you. >>> new rules to improve road safet
mary barra has been with general motors her entire career. by the way when our tax dollars were going to save general motors, i was a remarkable public advocate of this. but to get that taxpayer money they kept their mouths shut. i hope we get to the bottom of this. >> because ali i remember there were people lined up to say this is good money after bad, that is a bad company, it doesn't necessarily make a good product right now. that was part of the argument -- >> and the only...
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Mar 31, 2014
03/14
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FBC
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moving to mary barra and questions she is going to get.written testimony came out. she said she still doesn't know why the recall didn't take place sooner on these ignition problems. she will be asked why? she says the cars are safe to drive. but as dave you pointed out a judge in texas will rule on emergency motion to say, no, they're not safe. get them off the road. she said today, gm would do the right thing. does that mean they will recompense, people, victims of these crashes that took place prebankruptcy, which they theoretically shielded from? speaking of insulated, the gm culture we are learning insulated the ceos from this recall question. they didn't even get to the ceo's, according to the gm's own admission. what about that? she will get questions on that as well. take a look at the quote from the, from the letter, or should say from the printed testimony that mary barra will make tomorrow. she said the former u.s. attorney will have free rein to go where the facts take him in terms of their, in terms of his internal investigati
moving to mary barra and questions she is going to get.written testimony came out. she said she still doesn't know why the recall didn't take place sooner on these ignition problems. she will be asked why? she says the cars are safe to drive. but as dave you pointed out a judge in texas will rule on emergency motion to say, no, they're not safe. get them off the road. she said today, gm would do the right thing. does that mean they will recompense, people, victims of these crashes that took...
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Mar 17, 2014
03/14
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CNBC
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we're finally hearing from the ceo mary barra. over the past month the stock is down about 5% phil lebeau joins us with some of the details. phil? >> this is a case of gm trying to get out of in front of the this recall story with the announcement of more recalls. let's start first off with the most important news for those investing in shares of general motors gm is taking a $300 million charge related to the 1.6 million vehicles recalled for the ignition switch, and those new recall announcements basically breaks down like this 1.18 million vehicles '08 to '013 vehicles. a wiring harness is the problem. and finally 63,'13 and '14 models. just a few minutes ago we heard from mary barra about the company's commitment to get in front of these issues. >> these are serious developments that shouldn't surprise anyone. after all, something went wrong with our process and terrible things happened. as a member of the gm family and a mom with a family of my own, this really hits home for me. we have apologized, but that's just one step in
we're finally hearing from the ceo mary barra. over the past month the stock is down about 5% phil lebeau joins us with some of the details. phil? >> this is a case of gm trying to get out of in front of the this recall story with the announcement of more recalls. let's start first off with the most important news for those investing in shares of general motors gm is taking a $300 million charge related to the 1.6 million vehicles recalled for the ignition switch, and those new recall...
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Mar 21, 2014
03/14
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CNBC
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mary barra has been gm's ceo for only months, however she's being threatened by a recall. >> mary barra will testify before the house oversight committee next month in what will likely be the first of many hearings regarding the company's recall calls. gm didn't recall the vehicles until last month, but data shows it first learned of the issue as far back as 2001, during the development of the saturn ion. gm signed off on changes to the twitches in 2006, but only for newer models. house panel asked david freedman, the house of the national safety highway administration to testify about why the company didn't act faster to contain the problem. while the problems originated well before barra and freedman were in charge, the hearings are essential to getting answers about what went wrong. gm is facing potential class action lawsuits in response to what critics say is an issue the company and regulators should have dealt with years ago. earlier this week, barra apologized for the recall saying she is taking full control of gm's response and has named a new head of global safety. check and s
mary barra has been gm's ceo for only months, however she's being threatened by a recall. >> mary barra will testify before the house oversight committee next month in what will likely be the first of many hearings regarding the company's recall calls. gm didn't recall the vehicles until last month, but data shows it first learned of the issue as far back as 2001, during the development of the saturn ion. gm signed off on changes to the twitches in 2006, but only for newer models. house...
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Mar 29, 2014
03/14
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FOXNEWSW
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. >> mary barra will be testifying before congress this week, tuesday and wednesday.do you think we're going to expect to hear from her? she's just too much on the job, which doesn't mean anything, but she's got to take this on. >> exactly. but she did have other roles at gm prior to her taking on the role of ceo. we've seen these congressional hearings and a lot of it is political theater. but it is interesting to see how she will address these concerns, especially why the company took ten years to take action and largely surrounding ignition controls where the car turns to off and that impacts air bag, braking and steering. >> i want to talk to you a little bit more about the replacement ignition parts on the way. but let me pop up on the screen the list of the new gm recalls regarding pick up trucks. this is over the transmission cooling line recall. so take a look again to see if your truck is on this list. those replacement ignition parts are on the way. in the meantime, are people to stop driving their cars? >> here is the thing, gm has not said that people shou
. >> mary barra will be testifying before congress this week, tuesday and wednesday.do you think we're going to expect to hear from her? she's just too much on the job, which doesn't mean anything, but she's got to take this on. >> exactly. but she did have other roles at gm prior to her taking on the role of ceo. we've seen these congressional hearings and a lot of it is political theater. but it is interesting to see how she will address these concerns, especially why the company...
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Mar 27, 2014
03/14
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KGO
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it would not be an understatement to say gm's ceo mary barra is going through quite an initiation. barra just two weeks into the job and had to announce a recall of #.6 million vehicles due to a faulty switch. the problem has been blamed for 12 deaths she answered phones to get a handle on customer complaints. it's something she wants to do periodically and released five videos answering questions about the recall including her explanation of why there is a delay. >> told a panel it's invested in chip technology to make the cards more secure. also added a double security. also declared a standard for prompt reporting of any data breech. >> we agree a uniformed standard would help provide >> thank you >> we want to show you video that is going viral. that is one chicago just plowing up the >> i'm here to talk about that commuter train crash. >> that is right. we're going to take a look at the video was we want everyone to see exactly how it jumped tracks and then climbed escalators. and what we've learned about the conductor asleep at the kron trolls. >> also learning about that ama
it would not be an understatement to say gm's ceo mary barra is going through quite an initiation. barra just two weeks into the job and had to announce a recall of #.6 million vehicles due to a faulty switch. the problem has been blamed for 12 deaths she answered phones to get a handle on customer complaints. it's something she wants to do periodically and released five videos answering questions about the recall including her explanation of why there is a delay. >> told a panel it's...
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Mar 31, 2014
03/14
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ALJAZAM
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. >> general motors ceo mary barra will address lawmakers. they have been combing through thousands of documents from g.m. house and senate investigators want to know how executives at the nation's biggest automaker knew nothing about the ignition problems and why they waited a decade to respond. and what they did about it. a memo released sunday by house investigators indicate that the highway safety regulators declined to open an investigation into the g.m. ignition even after receiving complaints and field reports about the problems. the memo reveals that the supplier told g.m. in 2002 before any of the vehicles hit the road that the system did not meet automakers s perks, cs. general motors sai two weeks lar it recalled an additional 748,000 vehicles. on friday it added another 800 another 124,000. bringing the total to $2 million. barra released this statement about the company's late he is recall. trying to locate the vehicles and distribute it to thousands of retailers is not practicel. we'll get the new switches no all the vehicles. g
. >> general motors ceo mary barra will address lawmakers. they have been combing through thousands of documents from g.m. house and senate investigators want to know how executives at the nation's biggest automaker knew nothing about the ignition problems and why they waited a decade to respond. and what they did about it. a memo released sunday by house investigators indicate that the highway safety regulators declined to open an investigation into the g.m. ignition even after receiving...
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Mar 18, 2014
03/14
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CNBC
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. >>> also, how is gm's ceo mary barra handling the recall controversy. it's.i been linked to a dozen deaths. you don't want to miss what kevin o'leary and marcus lemonis have to see. plus some new developments out of gm. stay tuned for all of that. >>> you can catch more of kevin o'leary on tonight's "shark tank" marathon at 8:00 p.m. eastern and catch marcus lemonis on a new episode of "the profit" at 10:00 p.m. eastern time on cnbc. stay tuned. stay tuned. announcer: where can an investor be a name and not a number? scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: ranked highest in investor satisfaction with self-directed services by j.d. power and associates. no two people have the same financial goals. pnc investments works with you to understand yours and helps plan for your retirement. talk to a pnc inve
. >>> also, how is gm's ceo mary barra handling the recall controversy. it's.i been linked to a dozen deaths. you don't want to miss what kevin o'leary and marcus lemonis have to see. plus some new developments out of gm. stay tuned for all of that. >>> you can catch more of kevin o'leary on tonight's "shark tank" marathon at 8:00 p.m. eastern and catch marcus lemonis on a new episode of "the profit" at 10:00 p.m. eastern time on cnbc. stay tuned. stay...
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Mar 28, 2014
03/14
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BLOOMBERG
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they said yes. >> mary barra arrived in the office just last month and now she has to deal with this issue. the careful what you wish for, right? a big deal being the ceo. she created a commission for the sole purpose of improving gm's city record as well as its procedures. the man she named to the decision has been at gm since the 1970's. are there any safety practices -- >> we are renewing our commitment to the safety to the satisfaction of our customers. we are taking full accountability for the problems that led to this recall. >> ok, here is another question -- what can he do to help the gm improve its reputation after this recall? >> first and foremost, if you look at our vehicles, they have a very strong safety record. our vehicles enjoy the recommendation of 5-stars, highway institute, top safety picks, "consumer reports" best buy. we build on that going forward. what we need to do is the fire process and make the processes more visible, more manageable, so that when issues are identified, we can resolve them quickly and take appropriate action with our customers. >> ok, ther
they said yes. >> mary barra arrived in the office just last month and now she has to deal with this issue. the careful what you wish for, right? a big deal being the ceo. she created a commission for the sole purpose of improving gm's city record as well as its procedures. the man she named to the decision has been at gm since the 1970's. are there any safety practices -- >> we are renewing our commitment to the safety to the satisfaction of our customers. we are taking full...
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Mar 31, 2014
03/14
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ALJAZAM
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. >> general motors mary barra will face tough questioning from lawmakers. congress has been combing through thousands of pages of documents from gm and the highway traffic safety administration. house and senate want to know how executives at the nation's biggest automaker can say they knew nothing about the ignition problem, and why they waited a decade to respond. congress is wandering what the highway traffic administration, which analyses the problem, new about it, and what they did about it. a memo released sunday by house investigators indicates that the highway safety regulators declined to open a formal investigation into the gm ignition even after receiving field reports and complaints about the problems. ignition suppliers told gm in 2002, before the vehicles hit the road that the system didn't meet automakers speck. top executives new nothing about the switches until january 31st of this year. the company did not issue a first recall of 620,000 vehicles until february 10th. two weeks later it recalled an additional 748,000 vehicles. on friday, it
. >> general motors mary barra will face tough questioning from lawmakers. congress has been combing through thousands of pages of documents from gm and the highway traffic safety administration. house and senate want to know how executives at the nation's biggest automaker can say they knew nothing about the ignition problem, and why they waited a decade to respond. congress is wandering what the highway traffic administration, which analyses the problem, new about it, and what they did...
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Mar 11, 2014
03/14
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ALJAZAM
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were before because everyone is looking at this company with a microscope after bankruptcy, and mary barra, there is so much watching her there is a lot being reported on. >> do you agree, this is something that gm is handling in a transparent way? >> if general motors didn't issue it's first recall in january, in hope to get by with that, then only a week later announce gee, later, there is another 7,000 people and there are 13 deaths not the six or seven that we thought, that one-week period showed the same gm that we've seen for a long time. they're unwilling to be transparent and to come clean. are they clean this time? are we going to learn more? i think we are going to learn more as the details come out. they've known about it, and there is ample evidence of it, and this falls squarely on their shoulders. >> you said that it looked like mary barra is handling this pretty well. is this a real stumble on the road to recovery for her company? >> i think it's only going to be a stumble if she changes course and starts handling it differently. i'll disagree with shawn on whether they're h
were before because everyone is looking at this company with a microscope after bankruptcy, and mary barra, there is so much watching her there is a lot being reported on. >> do you agree, this is something that gm is handling in a transparent way? >> if general motors didn't issue it's first recall in january, in hope to get by with that, then only a week later announce gee, later, there is another 7,000 people and there are 13 deaths not the six or seven that we thought, that...
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Mar 25, 2014
03/14
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todo comenzÓ cuando en una de las cabeceras de la zona del estadio la barra de las chivas encendieronnces, en base a eso y en los hechos que sucedieron, con el tema, los elementos policÍacos, las riÑas, procedemos inmediatamente a levantar un acta. basada en los reglamentos, se nota una clÁusula total del estadio jalisco con la locaciÓn de sellos. >> las autoridades decidieron mandar a 20 policÍas para tomar el control. fue todo lo contrario. los pseudo aficionados comenzaron a golpearlos sin piedad, algunos alcanzaron a huir. algunos en la lÍnea de la brutalidad y la muerte. horas despuÉs, el estadio quedÓ clausurado. los policÍas ya internados se reportaron estables y fuera de peligro sus vidas. >> comienzan las medidas estrictas, el clÁsico es la prÓxima semana y en guadalajara. pero hay cosas muy buenas, un partidazo entre real madrid y barcelona. una razÓn por la cual hacer este trabajo tiene riesgo. >> atlante sigue luchando por mantenerse en la primera divisiÓn. venció al toluca 2 1 en el cierre de la fecha nÚmero 12 del torneo clausura. los goleadores de los potros que siguen
todo comenzÓ cuando en una de las cabeceras de la zona del estadio la barra de las chivas encendieronnces, en base a eso y en los hechos que sucedieron, con el tema, los elementos policÍacos, las riÑas, procedemos inmediatamente a levantar un acta. basada en los reglamentos, se nota una clÁusula total del estadio jalisco con la locaciÓn de sellos. >> las autoridades decidieron mandar a 20 policÍas para tomar el control. fue todo lo contrario. los pseudo aficionados comenzaron a...
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Mar 12, 2014
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liz: will your request somebody like mary barra?we don't know who we will call to talk but we will find that communication and decision making to make sure they answer to the public simic chairman of the oversight and investigations subcommittee. please join as again when there are more developments. what does this mean the? and more importantly what do investors do now? had to put into another car company? right now tiny toy car founder and steve told nicholas automotive researcher vp. what you think has happened? what should they do? >> right now mary barra makes the right choices as a public perception. the bigger issue of legal liability is something that will be up in the air this is such that the gm corporation has bankruptcy that mary barra is the ceo with legal liability you have to question that is a good investment choice. liz: so you tell inveetors to sit tight? >> every time we see a fire happening on board the stock will dip then go on board is that the case? >> what makes us different we don't know when and where or wh
liz: will your request somebody like mary barra?we don't know who we will call to talk but we will find that communication and decision making to make sure they answer to the public simic chairman of the oversight and investigations subcommittee. please join as again when there are more developments. what does this mean the? and more importantly what do investors do now? had to put into another car company? right now tiny toy car founder and steve told nicholas automotive researcher vp. what...
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Mar 19, 2014
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vehicles -- but the company says no injuries are linked to those potential problems. >> reporter: barraays the new recalls are proof g-m has learned from past mistakes: >>"we are re-doubling our pending problem reviews, bringing them forward and resolving them quickly. >>"we will take care of all these customers and continue to apply what we have learned." >> reporter:dealing with the fallout from the recalls has been a major early challenge for barra. >> reporter:who became the first woman to lead a major automaker when she took the reins at g-m in january. >> reporter:but for those who lost loved ones in crashes related to the recall--there's little comfort >>"i am overwhelmed by anger. if we had just known this information my daughter would still be here today." >> reporter:i'm ed payne, reporting. >> pam: san francisco police has pulled over 50 year old jeffrey milano. approaching of he tried to ram the officers with his car. as with the partner shot at the suspect. investigators are trying to confirm if he was hit by a fellow officer. >> pam: coming up at coming up at 545 with the
vehicles -- but the company says no injuries are linked to those potential problems. >> reporter: barraays the new recalls are proof g-m has learned from past mistakes: >>"we are re-doubling our pending problem reviews, bringing them forward and resolving them quickly. >>"we will take care of all these customers and continue to apply what we have learned." >> reporter:dealing with the fallout from the recalls has been a major early challenge for barra....
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Mar 19, 2014
03/14
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KGO
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ceo mary barra apologized for those deaths and the delay in recalling 1.6 million cars with a faultygnition switch. barra has named a new head of global safety and promises to fix the company culture that allowed that problem to go unresolved for so long. >>> check your bank account regularly starting april 8th. that is the day microsoft stops supporting windows xp. the operating system that runs 95% of the world's atms. xp is considered the best version microsoft ever made, but the company wants users to switch to a newer, more secure operating system. >> well, if you think you're spending more at the grocery store these days, you're right. you are. the government says food prices were up 0.4% last month, the most since september 2011. the western drought is among the reasons for the jump, and those increases are expected to accelerate this year. >>> all right, speaking of expensive food, how about a $25 corn dog. you might have to go to phoenix to get it, though. >> the arizona diamondbacks will be offering the d-back dog this season at their stadium. it is an 18-inch corn dog stuf
ceo mary barra apologized for those deaths and the delay in recalling 1.6 million cars with a faultygnition switch. barra has named a new head of global safety and promises to fix the company culture that allowed that problem to go unresolved for so long. >>> check your bank account regularly starting april 8th. that is the day microsoft stops supporting windows xp. the operating system that runs 95% of the world's atms. xp is considered the best version microsoft ever made, but the...
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Mar 19, 2014
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mary barra said she's creating a flew position of global safety director. much of this centers on how the company quietly changed the design of a flawed ignition switch. the decision that may have been the difference between life and death. nbc's gabe gutierrez has our report from detroit. >> our whole lives were changed in the blink of an eye. >> reporter: the night brooke melton died, her dad made a promise. >> i whispered, brooke, i will vindicate your accident, because i knew it was not her fault. >> reporter: the 29-year-old was driving her '05 cobalt when the black box data shows the ignition abruptly shut down. mark hood testified for the family in its suit against gm, which ultimately was settled for an undisclosed amount. he says the faulty ignition slipped out of run because of this critical part called a plunger. >> this is the spring loaded plunger that holds the switch in position. >> reporter: it fits into each slot, holding the ignition switch in run or accessory. the problem is, hood says, this tiny part in recalled vehicle was too short, ma
mary barra said she's creating a flew position of global safety director. much of this centers on how the company quietly changed the design of a flawed ignition switch. the decision that may have been the difference between life and death. nbc's gabe gutierrez has our report from detroit. >> our whole lives were changed in the blink of an eye. >> reporter: the night brooke melton died, her dad made a promise. >> i whispered, brooke, i will vindicate your accident, because i...
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Mar 6, 2014
03/14
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general motors ceo mary barra makes a bold move. barra will personally direct a recall of 1.3 million vehicles that have a potential flaw on ignition switches. yesterday... the national highway traffic safety administration ordered information from g-m about why it took so long to issue a recall that affects 1.3 million cars. gm discovered the problem in 2004. 13 deaths have been reported in connection with faulty ignition switches. meantime...gm wants smart cars to be more affordable. gm is adding active safety features to its buick encore and chevy malibu. features include blind spot monitors, and forward collision warnings that notify drivers when cars ahead are slowing down. james bell of gm, explains. "it really is the way of the future. every technology that we introduce is to mitigate some of the mistakes that humans make...and the more, the faster the better." this comes just days after apple introduced carplay...a tech makeover for dashboards. bell said he can't speak for g- m specifically, but says acquiring that technolog
general motors ceo mary barra makes a bold move. barra will personally direct a recall of 1.3 million vehicles that have a potential flaw on ignition switches. yesterday... the national highway traffic safety administration ordered information from g-m about why it took so long to issue a recall that affects 1.3 million cars. gm discovered the problem in 2004. 13 deaths have been reported in connection with faulty ignition switches. meantime...gm wants smart cars to be more affordable. gm is...
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Mar 31, 2014
03/14
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clearly gm has decided that mary barra should apologize personally here.so going to see some of the family members of victims of this ignition switch malfunction on capitol hill tomorrow so we can expect an emotional day up on capitol hill and lawmakers really probing for some questions here as well. >> thanks very much. is the constant drum beat of disturbing news out of gm giving shoppers pause? >> let's bring in andrew keen, founder of keen on the market.com and itie. you remain optimistic they will pull through. >> i would agree that the risk of short-term market share losses have increased with the escalation over this past weekend. we have to keep an eye on that. we look at past recalls, usu usually. in the last week of march, the last week several perception metrics for gm improved from the third week where they took a major dip. a lot depends on what will happen tomorrow, but typically we don't think these types of share losses in the near term typically sustain with recalls. if you look what the stock has down. you mentioned down 15%. it seems to
clearly gm has decided that mary barra should apologize personally here.so going to see some of the family members of victims of this ignition switch malfunction on capitol hill tomorrow so we can expect an emotional day up on capitol hill and lawmakers really probing for some questions here as well. >> thanks very much. is the constant drum beat of disturbing news out of gm giving shoppers pause? >> let's bring in andrew keen, founder of keen on the market.com and itie. you remain...
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Mar 21, 2014
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gm ceo mary barra will testify next month on why they didn't recall 1.6 million cars.arra has apologized for the recall and named a new head of global safety. >>> don't be surprised if you get carded at starbucks. because the coffee chain plans to expand the number of stores that serve beer and wine to potentially thousands of locations. sales of alcoholic beverages tend to attract the nighttime customers when business is slower. >>> brian krebs, the blogger who exposed the breech at target, is headed to hollywood. it's going to turn his life into a cyber thriller. what an exciting thing for a journalist. >> leave it to hollywood. >>> some stories making news this morning, oscar pistorius's murder trial seems to be taking a financial toll on the athlete. he's selling the house where he killed his girlfriend, reeva steenkamp. the unexpected length of the trial is causing him to expose of his asset. >>> duke energy, listen to this, dumped 61 million gallons of contaminated coal ash into the cape fear river. this is the eighth time that the company has been cited for envi
gm ceo mary barra will testify next month on why they didn't recall 1.6 million cars.arra has apologized for the recall and named a new head of global safety. >>> don't be surprised if you get carded at starbucks. because the coffee chain plans to expand the number of stores that serve beer and wine to potentially thousands of locations. sales of alcoholic beverages tend to attract the nighttime customers when business is slower. >>> brian krebs, the blogger who exposed the...
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Mar 22, 2014
03/14
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. >>> and more trouble for general motors ceo mary barra. on the job for just two months barra will have to testify before congress on april 1st on what the automaker knew about a faulty ignition switch that's been linked to a dozen crash-related deaths and why the company waited more than a decade to recall 1 million affected vehicles. >>> a court ruling about so-called swipe fees. the court uphell the federal red the cap on how much banks can charge businesses for credit card transactions. retailers insist the cap was too high. despite today's favorable ruling, it was a split decision for shares of visa and master card. those are the nation's biggest card issuers. >>> an important warning to taxpayers from the irs and a sophisticated telephone fraud the agency is calling the biggest scam of its kind ever. callers claim to be with the irs are targeting tax filers, demanding immediate payment for overdue taxes. and a lot of people are falling for it. hampton pearson has more. >> reporter: with the april 15th tax deadline a little more than t
. >>> and more trouble for general motors ceo mary barra. on the job for just two months barra will have to testify before congress on april 1st on what the automaker knew about a faulty ignition switch that's been linked to a dozen crash-related deaths and why the company waited more than a decade to recall 1 million affected vehicles. >>> a court ruling about so-called swipe fees. the court uphell the federal red the cap on how much banks can charge businesses for credit...
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Mar 21, 2014
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. >>> next month, general motors ceo mary barra will testify before a congressional committee that is investigating the automaker's handling of faulty ignition switches. the problem is linked to at least 31 accidents and at least 12 deaths. general motors has admitted that it knew about this issue fwhak 2004 but only announced a recall last month. barra has been the ceo of gm only since january, and she does admit that the company mishandled the situation. she also says that no one should be surprised if there is, indeed, a criminal investigation. that hearing will be in d.c. april 1st. >> they have some pr issues they're dealing with very carefully at gm right now. >>> we are following the breaking news overnight, all the twists and turns in the search for flight 370. at this moment, planes and ships searching the southern indian ocean for the missing malaysian flight. they're hoping to get a better look at that debris that appeared to be captured by that satellite image. what are those planes finding this morning? we're live with how investigators are trying to piece together this p
. >>> next month, general motors ceo mary barra will testify before a congressional committee that is investigating the automaker's handling of faulty ignition switches. the problem is linked to at least 31 accidents and at least 12 deaths. general motors has admitted that it knew about this issue fwhak 2004 but only announced a recall last month. barra has been the ceo of gm only since january, and she does admit that the company mishandled the situation. she also says that no one...
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Mar 18, 2014
03/14
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as job as the general motors mary barra appeared on a video posted on the company's mary barra appearedo announce the recall of million vehicles. million vehicles. buick enclave, chevrolet traverse and gmc buick enclave, chevrolet traverse and gmc acadia. and cad& llapandc cadillac sedans because of an an issue with the brake pump that that could start an engine fire. it come s it comes on the heels of last mon th's month's announcement in which an in addi tion in pro addblemition problem forced the reca recall of 1.6 millio n vehicles. 12 deaths were linked to that. family members. >> this time, she did. >> terrible things happened. as a member of the gm family and mom with a family of my own. >> reporter: barra said she will lead the recall and announce a timetable to fix the ignition switch. >> we are putting the customer first. that is how we want today's gm could be judged. >> it's very important for mary barra to come across as someone who is caring who is organized who is in charge and who want this recall to go well. >> gm has now recalled over 3 million vehicles worldwide sin
as job as the general motors mary barra appeared on a video posted on the company's mary barra appearedo announce the recall of million vehicles. million vehicles. buick enclave, chevrolet traverse and gmc buick enclave, chevrolet traverse and gmc acadia. andcad& llapandc cadillac sedans because of an an issue with the brake pump that that could start an engine fire. it come s it comes on the heels of last month's month's announcement in which an in addi tion in pro addblemition problem...
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Mar 23, 2014
03/14
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KDTV
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la policia descubrio unos 4- millones-800 mil dolares y 42 kilos en barras de oro en el domicilio delnergia ucraniano eduard stavitski, informaron fuentes oficiales. el ex funcionario esta acusado actualmente de desvio de fondos publicos y se sospecha que huyo a italia. la investigaciones fueron llevadas a cabo en el mrco de una investigacion conducida por la fiscalia general y la unidad de lucha contra el crimen organizado del ministerio de interior. este es un adelanto de algunas de las historias que presentara "aqui y ahora" maqana domingo. "aqui y ahora" maqana domingo a las siete de la noche, seis centro. llego el momento de la accion deportiva. le damos la bienvenida a jorge berry, quien nos trae lo mejor de la jornada futbolistica. en instantes...le hablaremos de un ejercicio que es la nueva ...y recuerden que ....!ya faltan solo 82 dias para la gran fiesta del futbol mundial! terminamos con un ejercicio que es la nueva moda en nueva york, yoga al desnudo. los que prueban esta modalidad dicen sentir una liberacion extraordinaria. el yoga es una actividad que busca la relajacion
la policia descubrio unos 4- millones-800 mil dolares y 42 kilos en barras de oro en el domicilio delnergia ucraniano eduard stavitski, informaron fuentes oficiales. el ex funcionario esta acusado actualmente de desvio de fondos publicos y se sospecha que huyo a italia. la investigaciones fueron llevadas a cabo en el mrco de una investigacion conducida por la fiscalia general y la unidad de lucha contra el crimen organizado del ministerio de interior. este es un adelanto de algunas de las...
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Mar 31, 2014
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we will see now, but i think mary barra represent a different culture than the old gm as well.ump in theou to conversation here. we are talking about general motors. national highway transportation safety administration to be part of this investigation as well? >> that's right. it really is dÉjÀ vu all over again. we see this pattern repeated did we saw in 2000 when we had the ford explorers rolling over and congress was all over that and they gave the national highway traffic safety administration, the federal agency charged with protecting us as consumers -- they gave them a lot more power. a parable, fatal incident or series of incidents, companies are supposed to report in five days. if there are very grave injuries, then there are criminal penalties. we are not seeing any of that happening now. we have a twofold problem. we have companies not reporting because i do not think there is enough teeth in the law, and the -- we have federal agencies not reacting quickly to protect consumers. >> thank you for correcting me a to begin with. secondly, how much blame can we lay at t
we will see now, but i think mary barra represent a different culture than the old gm as well.ump in theou to conversation here. we are talking about general motors. national highway transportation safety administration to be part of this investigation as well? >> that's right. it really is dÉjÀ vu all over again. we see this pattern repeated did we saw in 2000 when we had the ford explorers rolling over and congress was all over that and they gave the national highway traffic safety...
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Mar 17, 2014
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. >> reporter: in a video message new ceo mary barra also addressed the fallout from the other recall last month of 1.6 million cars for defective ignition switches. linked to 12 deaths, gm now facing multiple investigations into how it handles the recall. >> as a mom with a family of my own, this really hits home for me. >> reporter: barra is now conducting an intense review of gm's internal practices. as she told us on her first day as ceo, a lot has changed at the company. >> we streamlined the leadership team and said look, chief engineer, it's your vehicle. you're accountable. >> reporter: too many cooks in the kitchen? >> too many cooks in the kitchen. we don't have that anymore. >> reporter: now, she's hoping it's a better recipe than what gm served up in the past. rebecca jarvis, abc news, new york. >>> and today, one of the confounding mysteries about a life that seemed pretty much perfect. the death of fashion designer l'wren scott. police say, apparently, she took her own life. here's abc's mara schiavocampo. >> reporter: l'wren scott seemingly lived life at the top. mick j
. >> reporter: in a video message new ceo mary barra also addressed the fallout from the other recall last month of 1.6 million cars for defective ignition switches. linked to 12 deaths, gm now facing multiple investigations into how it handles the recall. >> as a mom with a family of my own, this really hits home for me. >> reporter: barra is now conducting an intense review of gm's internal practices. as she told us on her first day as ceo, a lot has changed at the company....
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Mar 20, 2014
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ceo mary barra says she has not been contacted by the u.s. attorney's office, but if she is she says she will cooperate. phil lebeau, "nightly business report," chicago. >>> carl brouwer says the timing of the toyota settlement is interesting. he's senior analyst at kelly blue book. mr. brouwer, good to have you with us. why do you think it's interesting? do you think it's not a coincidence? >> i don't think it's a coincidence. i think the government wanted to resolve this issue as soon as they could once they saw that there was this next one coming down the line. they've only got so many resources to dedicate to these kind of things. i also think they wanted to send a message very clearly at the start of the g.m. process so that they get full cooperation. >> does this give you any hint as to what kinds of penalties general motors may face or what they may have to do? >> it's going to be interesting. because there are some similarities but there's some differences, too. similarly to toyota, the g.m. issue took awhile to resolve, longer than i
ceo mary barra says she has not been contacted by the u.s. attorney's office, but if she is she says she will cooperate. phil lebeau, "nightly business report," chicago. >>> carl brouwer says the timing of the toyota settlement is interesting. he's senior analyst at kelly blue book. mr. brouwer, good to have you with us. why do you think it's interesting? do you think it's not a coincidence? >> i don't think it's a coincidence. i think the government wanted to resolve...
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Mar 17, 2014
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how we handle the recall will be an important test of that commitment. >> pelley: barra also said gm expects to spend $300 million in the first quarter of this year to fix recalled vehicles. we posted a complete list of the gm vehicles being recalled on our web site, cbs news.com. >> there is also news tonight about something that happened nearly 14 billion years ago. today scientists announced they have discovered what was going on in the earliest moments of our universe. right after the big bang. here's don daaler. >> for four years scientists used this telescope at the south pole to search for evidence of the astonishing speed at which the universe grew. it found evidence of grartational waves, something like shockwaves sent out almost immediately after the big bang. the cosmic explosion that created the universe. john kovak of harvard leaded team of researchers. >> they have sometimes been called the first tremors of the big bang and they do rife at what is believed to be the first instance of the expansion of the universe. we're talking about the earliest times that can be obser
how we handle the recall will be an important test of that commitment. >> pelley: barra also said gm expects to spend $300 million in the first quarter of this year to fix recalled vehicles. we posted a complete list of the gm vehicles being recalled on our web site, cbs news.com. >> there is also news tonight about something that happened nearly 14 billion years ago. today scientists announced they have discovered what was going on in the earliest moments of our universe. right...
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Mar 6, 2014
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mary barra said she launched an internal review, and, scott, barra said, "we have much more work ahead of us." >> pelley: worth noting that g.m. volunteered to recall the cars themselves. thanks very much, jeff. today we learned about a groundbreaking experiment based on a medical mystery. for decades, doctors have known that a tiny number of people infected with h.i.v. never come down with the symptoms of aids. they appear immune. well, today, the "new england journal of medicine" reported on a promising new therapy, and dr. jon lapook's been looking into that. >> reporter: 53-year-old jay johnson has been living with h.i.v. for more than two decades. he takes medication twice a day to keep the virus from developing into aids. >> it's always in the back of my mind that this medical regimen that i'm on could stop working. it could potentially cause me to lose the battle. >> reporter: in 2010, johnson was one of 12 patients to undergo an experimental treatment for h.i.v. using gene therapy. dr. pablo tebas help run the clinical trial at the university of pennsylvania. >> our goal is to
mary barra said she launched an internal review, and, scott, barra said, "we have much more work ahead of us." >> pelley: worth noting that g.m. volunteered to recall the cars themselves. thanks very much, jeff. today we learned about a groundbreaking experiment based on a medical mystery. for decades, doctors have known that a tiny number of people infected with h.i.v. never come down with the symptoms of aids. they appear immune. well, today, the "new england journal of...
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Mar 5, 2014
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employees, ceo mary barra, who's worked at g.m. for 34 years, said, "this was brought to my team a few weeks ago." she said she's convened a group of senior executives to look at the problem and has launched an internal review. "we will hold ourselves accountable and improve our processes so our customers do not experience this again." g.m. is offering to fix the ignition problem at dealers, but the parts are not available yet, so the fixes won't begin until at least the first week in april. >> pelley: jeff, thanks very much. we'll get an up-close look at how china manages the news media. he spent four years in a war zone. now, finding a job is proving to be a tougher battle. and niagara stops falling when the cbs evening news continues. between a morning around the house and getting a little exercise. hi-ya! and i tried a baking class. one weekend can make all the difference. unlike the bargain brand, depend gives you the confidence of new fit-flex® protection. it's a smooth and comfortable fit with more lycra strands. it's our be
employees, ceo mary barra, who's worked at g.m. for 34 years, said, "this was brought to my team a few weeks ago." she said she's convened a group of senior executives to look at the problem and has launched an internal review. "we will hold ourselves accountable and improve our processes so our customers do not experience this again." g.m. is offering to fix the ignition problem at dealers, but the parts are not available yet, so the fixes won't begin until at least the...
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Mar 24, 2014
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FBC
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here is what is going on they're watching what mary barra says.key here what the "new york times" cited, bankruptcy fraud. any criminal negligent. any signs that they knew about it and covered it up. if that happens the bankruptcy she had, the immunity shield from 2009, gm went bankrupt in 2009, they're saying this is old gm's problems. that bankruptcy shield goes away if they find any indication of a cover-up. new gm will be hit with a cascade of lawsuits. already getting hit with lawsuits. cheryl: they will be looking for it. lizzie, thank you. >> yeah, sure. cheryl: we have a deal to tell you about. madison square garden has bought a 50% stake in tribeca enterprises, valuing the company as $45 million. tribeca enterprises was co-founded by robert de niro, runs two international film festivals a two-screen theater and decision that releases movies in digitally and theaters. this brings two entertainment companies looking to expand. big news there. especially for southern manhattan. anyway. >>> news you can use from the friends that you trust. cr
here is what is going on they're watching what mary barra says.key here what the "new york times" cited, bankruptcy fraud. any criminal negligent. any signs that they knew about it and covered it up. if that happens the bankruptcy she had, the immunity shield from 2009, gm went bankrupt in 2009, they're saying this is old gm's problems. that bankruptcy shield goes away if they find any indication of a cover-up. new gm will be hit with a cascade of lawsuits. already getting hit with...