gm's proposed section 363 had no new ground. this is exactly the type of situation where there is a good business reason for an immediate sale, end of quote. it is march 30, 2011 review, leading to the termination of the delphi or hourly and salary plans, gao stated, and i quote, the auto task force did not ind dhat what should be done with the delphi pensions, end of quote. >> we are committed to continuing the transparency, and there's an extension of public record a ail vabl concerning treatment and congress has held several detailed hearing on the subject and there are a number of court filings, bankruptcy court opinions and oversight reports and statements from delphi and general motors. dell treasury has posted online certain key automotive industry financing program documents which are available at financial stability.gov pursuant to a request from you and other members of the house committee on oversight and government reform and treasury has provided numerous documents and related to the delphi matter. gm underwent a fa

of old gm that were commercially necessary, and that due to new gm's continued dependency on the uaw work force and the work force of other unions, treasury officials felt gm had solid commercial reasons to agree to the top-ups for these retirees. also, treasury stated that gm was never obligated to provide top-ups to the salaried or other retirees. in conclusion, mr. chairman, when companies go bankrupt and leave their plans with large unfunded liabilities, some participants will not get their full benefits promised to them by their employer. this unfortunately is not unusual. what makes this case more unusual is the series of events that unfolded over the last decade that lead us here today and the number of players, including delphi, pbgc, the unions, gm and treasury and the roles they played. mr. chairman, mr. ranking member, and members of the subcommittee, this completes my prepared statement. i would be happy to answer any questions that you may have at the appropriate time. my colleague, charles jessik, is also available to answer specific questions regarding pbgc. >> thank y

significant role in resolving the delphi bankruptcy as they wanted that resolved as quickly as possible as new gm emerged from bankruptcy, they played an advisory role with regard to the pension plan issues as laid out in court filings and in interviews with gm, pbgc officials and treasury officials. i think an example of that is in a court filing that shows that treasury assumed gm would be honoring the hourly plans up nil the was informed in june that it could no longer do so because of the financial burden. >> okay. in your mind and what you wrote, what were the factors drooiivin gm's decisions? >> according to a gm official that we spoke to and the public records that we reviewed, gm considered the dependcy on the uaw for the workforce. they were heavily reliant on that workforce. and so emergings from bankruptcy, they wanted to make sure they had a motivated and intact workforce. they also considered other costs and risk factors and weighed that against emerging from bankruptcy in terms of what type of cost and risk they wanted to take on. >> and did you find any evidence that delphi's pensi

new gm has stated publicly that although the delphi bankruptcy was a difficult situation, it felt it had made appropriate decisions involving t delphi -- involving the delphi plan. whether the task force was involved in the decisions made by the pbgc regarding the pensions of former employees at delphi, as mr. bloom explained in 2009, and more recently before the subcommittee, the previous administration provided temporary loans to general motors at a time when our economy and financial system were already severely stressed. president obama agreed to extend that assistance, provided that companies produce a viability plan. in 2009, president obama created the auto task force to review the viability plan for the companies. the objective that guided the auto task force was to bring much-needed stability to this crucial sector of our economy. people -- keep hundreds of thousands of americans working and keep general motors as a competitive business. the president directed an auto task force to take a commercial approach to ensure that any restructuring that the companies took on only wo

>> and the board of directors, the old gm versus the new gym. a lot of the new general motors were appointees mr. wilson, in your testimony, i think this is where you talk about what happens -- you say on page two, general motors had its most great year in 2001 come even though auto sales are not still fully recovered. we talk about the auto industry coming back. did you know what gm made in 2011? >> i think it was just under $8 billion net income. >> how many taxes that they pay? >> to commit a transaction to i don't know. >> i will tell you what it is. it is zero. >> this is another anomaly about these cases, very irregular, which the treasury department issued essentially a special ruling for t.a.r.p. recipients that allows them preferential treatment of the tax code to care for -- >> on the street we call that picking winners and losers and taking advantage of things not available to others? >> i think that would be an accurate description. >> i am a gm dealer, by the way, so i'm happy when they make money, but i was like fact that the presi

if new gm at the waiter -- at the warriors. of all >>> tom versus katie.mes' new york divorce filing could hurt cruise. >> and inside wild reports that she fears their daughter could be kidnapped. i'm brooke anderson. >> and i'm kevin frazier. "the insider" is on. >>> katie's new apartment reportedly being staked out by men connected to the church of scientology. >> katie holmes believes she is being followed. >> is cruise's estranged wife in hiding with suri in manhattan? >> assign toll. >>> fights back against reports that a spy crew is tailing katie's every move. >> did she file in new york to block tom from seeing their daughter? >> it's more likely she'd be able to get sole control in new york. >> and -- >> i have one older brother, he's a lawyer. >> how katie reportedly broke free. the secret plot to blindside tom with divorce papers. >> katie's really been planning this exit for over a year. it was almost a military-style exit. >> alec baldwin's new york weekend wedding. >> the kiss, the ring, as the just married star poses in his underwear and high

back to you on tv hill. >> and that new motor will be used in gm's new electric car, called the spark. appropriate name. >> yes. >> i like that one. >> got a little spark. >> interesting. >> couple of sparks out there now. >> thank you, bernadette. >>> 85 degrees right now. and there are a couple of thunderstorms right now. when we come back, we'll show you radar. and we will have your forecast for you. do you ever wish you could make some things just disappear? ♪ [ ping! ] [ ping! ping! ] that's why i use new tampax radiant. it helps keep my period invisible, combining tampax's best-ever leak protection with a revolutionary resealable wrapper so all they'll see is me. [ ping! ] ♪ hi. totally new, awesomely-invisible tampax radiant. check out the whole radiant collection. the new santa fe steak melts. [ male announcer ] now at your neighborhood subway: get extra grande flavor with the santa fe steak & bacon melt. juicy steak, crispy bacon, and melted cheese with creamy santa fe caesar. or try adding egg for a santa fe steak, bacon & egg melt -- a favorito for breakfast but muy bueno a

authorities say they may bring charges after considering new evidence that he is not been seen since he was challenged by reporters. >> this is a gm t from bbc world news. the headlines. american senators have accused hsbc to allow mexican drug money to be laundered. fighting is reported in the syrian capital as they prepared to ask russia to back tougher sanctions. two people have been killed at least 19 injured after a a party in toronto. a teenage girl and a man in his 20's died at a barbecue in the cities and. this aid is the most serious crime toronto has ever seen. >> this is not only unprecedented in toronto, this is the worst incident of gun violence in my memory and anywhere in north america. it is a very shocking event. it appears to been a dispute. >> the police chief there. radical new muslim islamists have destroyed at least half of the tombs in the city of timbuktu. the people have been practicing a moderate form of muslim. could they ever do this stricter version? they're trying to find and send this report. >> chanting their hypnotic prayers'. most practice a minor form. [unintelligible] these are the pictures of l

[ female announcer ] new ensure clear. nine gms protein. zero fat.nty-one vitamins and minerals. in blueberry/pomegranate and peach. refreshing nutrition in charge! ♪ >>> they are considered some of the smartest animals on the planet. but they are also some of the most endangered. we're talking about lemurs. i had a chance to visit some of these wide-eyed primates being studied at duke university and saw firsthand why it would be a crime if they disappeared from this earth. the first thing they are pig and wide and full of curiosity. there you go. you are just the sweetest little thing. what are you thinking? that's what we're here to find out. what's going on in that little brain of yours, huh? that's what scientists at duke university's lemur center are trying to figure out. and so far, they are pretty impressed. they say lemurs are deep thinkers who understand numbers and sequencing. even abstract thinking. here in duke, they have the largest captive collection of lemurs in the world. lemurs have received a lot less attention than apes and monkeys

in particular, treasury stated that it's a must ensure that new gm only assume the liabilities of old gm that were commercially necessary and that due to the new dependency on the uaw work force and the work force of other unions, treasury officials felt they had solid commercial reasons to agree to the pop-up for the retirees. also, treasury stated that it was never obligated to provide the pop-up to the saudi or other retirees. in conclusion mr. chairman, when the company's the bankrupt and leave the plants with large unfunded liabilities, some participants will not get the full benefits promised to them by their net player. it is unfortunately is not unusual. what makes this case more unusual is the series of events that unfolded over the last decade that led us here today. and the number of players including delphi, pbgc, the union, gm and treasury and the role they play. mr. chairman, mr. rankin member and members of the subcommittee, this completes my purse statement. i would be happy to answer any questions you may have at the appropriate time. my colleague is also available to

. >> gm's earnings come up this week, similar bad news are we expecting? >> well, we are expecting to hear more of the same as far as europe goes. but gm's business mix is a little bit more diversified. they are stronger in china, which has been a strong spot for auto sales in general and gm is the number one carceler in all of china. >> glor: does the news for car sales get any better in the six months ahead before the year ends? >> it is interesting to note that car sales have been relatively strong here in the u.s., we sold 12.8 million cars in the u.s. last year and expected to be 14 million this year and in part the cars on the road are older on average 11 years old and that means people want to g go pout and get a new car because it is more intensive to fix the old one plus credit is more available. >> glor: rebecca jarvis, always good to have you here. there is some encouraging news on the housing front. new home sales are up more than 15 percent in the past year. checked out the housing market in massachusetts and found it is building. >> unlike a l

gm. great news, season ticket holders got their tickets in the mail. ray is okay. >>> up next we will go back down to downtown baltimore. the situation after a water main break. >> it all started here behind me but we are going to show you what happened once the water hit the harbor when we come back. >> good evening. take a look, right now it's 83, 82 degrees right now, take a look, showers and storms northern plains, that comes in by wednesday. we will time it outcoming up. >> are you paying for empty plane seats in our investigation into wasted tax dollars getting results from dc. the news is next in 60 seconds. it's the perfect match for the perfect moment -- oreo the dunkin' way. introducing the new oreo coffee coolatta and new oreo vanilla bean coolatta. taste the fun today. america runs on dunkin'. hurry in to dunkin' and try the new oreo coolatta and donuts today. . >>> continuing coverage on the water main break in the heart of downtown baltimore. kelley is live with how the roads you will travel are doing. >> reporter: you won't be traveling

the automaker is offering a money back guarantee on new cars and trucks. gm says buyers can get refunds on their cars if they return their 2012 or 2013 vehicles for any reason. chevy is also offering a no- haggle price to clear out those 2012 models. the offer ends on september 4th. >>> neighbors say they knew something just didn't seem right this morning. linda. >>reporter: when firefighters a pimp, that's what one city firefighter was doing. we'll have details on the alleged prostitution ring he was running. >>> also, it's being called a miracle on water, a drowning toddler rescued a mile away from where she fell into the raging water. >>> also the heat is about to hit us and it's going to hit us in our wallets. the number of reasons why you could be paying more at the grocery store or your local market all thanks to the heat. >>> lynette. >> all right, charley, so we're in the mid-60s to upper 70s this morning. we're talking 90 degrees by this afternoon and the mid-90s to come. lauren. >>reporter: well, lynette, traffic is really starting to pick up here o

just the news today that gm wants to outsource jobs in china, expand operations abroad. you and i would endorse and support that effort to make strong the mother ship that is the corporation. whether rescued or not. but for the president to say this is doesn't happen under his watch, it just happened today. >> right. look, here's the important point about this. i hate outsourcing. i don't like to see when american jobs are sent overseas. you cut me, i bleed red, white, and blue but we have a tax system making outsourcing worse, a regulatory structure is making the outsourcing worse and most importantly, a financial system where president obama has encouraged companies to move overseas. i think he's directly responsible for these kinds of policies that are causing jobs to leave. >> here's where i respectfully disagree with you. i will say this, that i generally don't have a problem in the aggregate with companies outsourcing if it makes them stronger, if it creates more jobs here at home potentially. i also feel that other countries don't have nearly this sort of ineptnes

. >>> a little news out of gm. they named the new cfo for the opel unit, and vw executive, lohscheller. >>> we've just heard fiat, is suspending production at one of its plants, owing to the weak environment, saying it wants to avoid expensive and useless -- >> 21 days? >> yes. >> useless and what? >> useless and expensive stocking of vehicles which is one way of saying no one wants more cars. >>> ben bernanke is back on criminal in front of the house financial services committee at 10 a.m. eastern for day two of his semi-annual testimony on the economy. he expressed gloomy outlook before a senate panel tuesday saying gains in the u.s. labor market will likely be frustratingly slow. he said the fed is prepared to take further action but didn't get super specific on what, how or when. >> we've looked at a range of possible tools, mostly again involving the balance sheet and communication. the committee meets in a couple of weeks and we'll be discussing those tools. he we haven't come to a specific choice at this poin

job creation is one of the arguments for a new casino, but opponents have certain claims about ties to organized crime. >> and gm -- the commercial alleges that mgm has ties to chinese organized crime. >> what do we really know about a proposed casino at the national harbour? >> i knew -- a new campaign makes a bombshell delegation. the claim comes from an associated press article. casino regulators found evidence that stanley ho had extensive ties to organized crime in china. his daughter, who regulators contend remains under her father's control and influence, was a part of mgm. regulators directed the company to disengage from any association with her. mgm did not contest the findings, admit liability, but it did turn over a percentage. the claim in tv ad is based on perception. they have not been charged with any crime. >> in fairness, it was a mere assertion. >> he says he is more concerned with the lack of transparency and the process. in a statement, mgm says the ad is a smokescreen. as far as the allegation,mgm says the new jersey report was based on nothing more than rumor and innuendo. they implied tha

motors' troubled european unit opel has a temporary new boss, the third change at the top in three years at opel, which continues to lose money. >> gm is looking for a permanent replacement. >> this is the new caretaker boss at opel. he will be behind the wheel until a permanent ceo can be found. he was named today at a special board meeting at the company's headquarters. he is an expert in restructuring companies. workers hope their jobs are still safe. >> the main thing is that the company keeps going, and that the product goes down well with customers. i am not worried. we will keep going. >> but opel is suffering from a serious downturn. the turmoil has tarnished the company's image. the job will not be easy for thomas sedran. the former consultant has a hard road ahead of him. >> and former heavyweight retailer remains on the ropes as well. >> the company has been struggling for several years. now after having already invested 160 million euros in store improvements, the chain has announced it is cutting 2000 employees jobs to reduce costs. >> management says it is the only way to save the company. >> the german gfk market rese

earlier ttis week came news that gausmmn was connidering returning to lsu for his senior year, but yesterday, o's gmduquette told repooters that he was confident a deal would get done...ttey've made a new offer...the amound ii unknoon, but the bonus for the 4th overall pick is set at 4.2 million three orioles took parttin last night'' all star game.. aaam jones aaddmatt wietees were both hitless, but jim johnson had a nice night...he faced, aad even struckkout michael bouun...a starter turned closer, johnson's 26 saves at the break leads all of baseball... and in case you idn't hear, veteran outfielder nick markakis has beee activated and will presumably be in then lineup friday night when the o's begin the second half oo the season...and he'll have some company..the club also plans to activate outfuielder endy chavez and catcher taylor teagarden from the dl as well...look for catchee ronny either xavier very, steve peaace or steve tolleson to go to create the pot for chaaez. that'll do it for this edition oo sports unlimited...i'm bc... and be sure to tune in to starting at 55am.goodnight. goodnigh

righthanded pitcher kevin gausman...earlier this - wwekkcame news that gausman was considdringgreturning to lsu for his senior year, but yeeterday, o's gm duquette told reporters that he waa - confident a deal would get done...they've made a new offer...the amound is unknown, but the bonus for the 4th overall pick is set at 4.2 million 3 three orioles took part in last night'' all star aae.. adaa jones and maat wieters were both hitless,,but jim johnson had a nice night...he retired all three batters he faced, and even ssruck out -3 michael bourn...a starrer 3 saaes at the break leaas all of baseball... 3 and in case you didn't hear, veteran outfielddr niik markakis has been activated lineup friday nighh when the o's begin the second half oo the season...and he'll have & some commany..thh club also plans to ctivate outfuieeder endy chavez and catcher aylor teagarden from the dl as paulino to be sent down, and either xxvierraaery, stevee pearce or steveetolleson to go tt create the spot for chavez. 3 with yet another deadline -3 looming, the ravens continue to wait for ray rice...more on these stories and the rest oo the night in sportt

a new novel way to get men who hate to shop in and out of the store fast. gm still stuck in neutral. new findings reveal the auto makers owe thousands of dollars. let's take a quick look at the prices at the pump. national average is 3.49 a gallon. [music] see life in the best light. transitions® lenses automatically filter just the right amount of light. so you see everything the way it's meant to be seen. experience life well lit, ask for transitions adaptive lenses. >> president obama may want to watch his back before he signs this. >> i refuse to turn my back on a great industry and american workers. i bet on american workers. i bet on american manufacturing three years later the american auto industry coming roaring back. >>> before he says that again gm is not exactly roaring back. they are revealing the auto maker and former bank ally still owe taxpayers close to 42 billion bucks from the bailout. add rudy giuliani to the list of people pushing for florida senator marco rubio to be mitt romney's running mate. the former new york city mayor says rubio is

captioned by the national captioning institute --www.ncicap.org-- >> have you ever regretted buying a new heart? gm money back if they return their 2012 or 2013 vehicles for any reason. he needs to be within 60 days after purchase. there are some conditions. the return vehicles cannot have more than 4,000 miles on them. they cannot be damaged. the decision was made after reviewing research showing customers like it when company show confidence in their products. in new report shows law enforcement authorities are tracking many of us without our knowledge. carriers know all about it. every seven seconds, data for our phones is set to towers. what happens to that information? why enforcement agencies are asking for dbs, contacts, and other information. >> is cell phone to our dams. they're going after one person, but they get information from everybody. even though they are only investigating one person, they now have information on hundreds or thousands of people. >> why are cellphone carriers giving your information away without even a subpoena? officials with at&t and verizon said privacy is impor

. >>> gm now has some deals for you if you're in the market to buy a new car.t's an effort to attract more customers. we're going to explain the rules for you in just a bit. also this morning, sherree. >>reporter: a fight against bullying hits our area on friday. coming up we'll talk to howard county councilman greg fox about bullying. stay tuned. >>reporter: good morning, sherree. everything up to speed in howard county on interstate 70. will be a nice easy ride from colombia pike all the way over to 695. the south side of 95 also in great shape. no problems as you head north up towards the tunnels. we do have the construction at the harvard tunnel, but no significant delays. 62 mile per hour right now along those northbound lanes. as we check in and take a live look at the northwest corner of 695 at old court road. no delays whatsoever. it will be an easy ride down towards 95. stay with us. there's much more coming up on "good morning maryland." >>> news time 5:43. thanks for staying with us. every 15 minutes someone in the u.s. commits suicide, sometimes it

news. >> local government budgets cut. subsidies as spain's miners will based glass. they are converging on the madrid, saying tens of thousands of jobs will be lost. t.llo and welcome to gm i am george alagiah, with a world of news and opinion. contraception takes center stage. the gates foundation planning to donate millions of dollars. police probe the mysterious death and arrest her husband. it is midday in london, 7:00 a.m. in washington, and 1:00 p.m. in madrid, where thousands of miners from across spain are gathering to protest against plans to cut subsidies to the mining industry. they say it will cost tens of thousands of jobs. it follows prime minister mariano rajoy's latest austerity measures announced just a few hours ago, which include a 3% rise in sales tax and deep cuts of 3.5 billion euros and local government budgets. it's all designed to reduce public spending by 65 million euros. without these measures, spain would not be eligible for the recently agreed bailout. prime minister mariano rajoy told parliament there making decisions which will determine spain's future. >> [speaking foreign language] >> one has to be realistic. the way to build europe has

shares of ford and gm. a new low for gm post ipo. 19.14 a share, ouch. ford is basically spot on.back last october. a lot of concern about what is europe going to do, gm and ford, ford issued a profit warning about europe back on june 28th and apple, tuesday night is going to get all the attention, guys. but ford's numbers come out wednesday morning, and it's going to be really interesting to see just how bad europe is, but those two auto stocks continue to sink. back to you. >> yes, thank you very much. brian, sticking with europe, off session lows in germany as well as france on skyrocketing spanish borrowing costs. let's bring in a barclays chief international economist. joins us live from london. great to have you with us. i want to focus in on spanish borrowing costs. at euro-era highs and some say this can persist for a couple of months before spain sun able to fund itself. is there a backstop that investors can take heart in? i mean, what sort of mechanisms can kick in in order to help spain? >> yeah. well, i think you're absolutely right. we do need to start thinking very

gm has a brand new facebook page 300,000 likes. that doesn't really tell you whether or not you're having success. gm canceled all of the raid ever rising on facebook. i wish we could see a lot of really money flowing from the advertising budget is still not. >> for that number to keep growing facebook and needs to learn how to make money of this matches this. >> basement shares are down for the first time since may 8th and >>darya: have a great weekend and will see you back here on monday. >>mark: dr. phil is up next. >> announcer: the following program contains graphic video. viewer discretion is advised. today on "dr. phil" -- >> i'll beat you into submission. >> announcer: a shocking video. >> dr. phil: are we dealing with discipline here? are we dealing with abuse? >> announcer: a defensive judge. >> i haven't done anything wrong. >> he's in extreme denial. >> dr. phil: is he a monster? >> announcer: a guilty mother. >> turn over! >> dr. phil: why did you allow this man to hit your child 17 times with a belt and then join in? >

we have the gm ipo, which went flawlessly at the new york stock exchange. your would have thought nasdaq would have taken that as a case study and used the methodology that produced an absolutely seamless gm introduction in the market in the facebook introduction. they didn't. they wanted to do it their own way. and in failing, they not only hurt facebook, they hurt the entire market structure. i could never understand why facebook wanted to go to nasdaq in the first place. you would expect that from me. i'm a home team rooter. the reality is at this junketture, facebook should consider with they want go to the new york stock exchange, the same way general motors announced it's reexamining going back to advertising on facebook. if you made a bad mistake, you cure the problem by doing something different. that's what they can do now. >> we'll see about that. really, an interesting development. a real question as to whether they will consider ny -- always a pleasure to have you on the program. >> this $40 million that nasdaq is talking about compensating broke

there is a new report that gm is fueling seals by realizing on risky subprime loans. stuart varney, host of "varney & company". hope you had a good weekend. good morning to you. what is gm doing? >> gm is in crisis as we speak. they just fired their top global marketing guy and last week they demoted the top european official and the top global manufacturing official and now as you said, bill they have got this new report, 93% of the loans that general motors is making to buyers aring go to subprime, risky buyers. 93%. as of right now on wall street the stock is below $20 a share. it has to be at 53 before they can repay all of that money. so they can't repay the government loan to them. they can't exit from bankruptcy. and president obama is going to have a hard time claiming real success with the bailout of general motors. bill: back up a little bit. the subprime loan goes to whom? what kind of consumer would get one? >> if you have a fico credit score of less than 660 you are considered a subprime borrower. 93% of the loans gm is making are going to people with a c

gm is taking aim at the bmw three series with new ads for the ats sedan. small luxury car which gm has lacked in its lineup for years. the auto maker hopes it will make cadillac more of a global luxury brand. it goes on sale next year with a starting price of $74,000. >>> real scared of major league baseball game. it had nothing to do with the players on the field. what happened in detroit and why everyone at this tiger games felt threatened. >> california new plan to prevent collisions between deer and cars. >> and you can wake up with ktvu every single morning. get the mornings top stories that develop while you were asleep sent straight to your cell phone. every weekday morning at 6:00 a.m.. text the word wakeup to 70123. your favorite soup, salad and hot, hearty sub. like the toasty big hot pastrami melt. get to your local subway for some dinnertime deliciousness tonight. subway. eat fresh. ♪ like this one. ♪ or this one. ♪ or, maybe this one. ♪ but when it's this easy to use citibank mobile check deposit at home...why would he? ♪ woooo! [ male announc

to refund a majority of those plans, but the big problem with this, according to "the detroit news," is that gmrs. now, many hourly workers are in the uaw union. as you know, this union is a huge force in the industry which gm negotiates its contracts with. now salaried employees didn't get the same treatment and salaried workers say they are not getting as much money as they should be. lawmakers have a lot of questions. they want to know how the decision was made. people in the former auto industry task force have refused to answer questions up until now. carol? >> interesting. so there's still some controversy lingering from the bailout, but overall automakers have been doing pretty good, right? >> reporter: they really have. all three of the big u.s. automakers, they have been doing much better since gm and chrysler took their bailouts. all three are making money, and just a few days ago each reported strong june sales. chrysler has done especially well. you know, you mentioned about the dodge dart commercial last night. it made its first small vehicle in seven years as the dart. it's viewed

you've seen news that gm is planning to come back.re, i said that i thought gm would come back to the platform and i think it is. >> it's interesting that the onus is put externally on other people to -- you must come and understand our business. come back and give us money. >> the advertisers have to figure it out. why isn't it facebook trying to figure it out for the advertisers to attract that money? >> that's an excellent point and i think they've heard that point loud and clearly, and i think they are working with advertisers. it's a new platform. you have to learn how to use it, how to monetize the platform better, both facebook and the advertisers. and they're all working with the advertisers in terms of how to drive engagement and how to drive ad effectiveness. >> and there's a deal with yahoo, of course, which may help them do that. i think it's an interpretation of content deal. >> yeah, the deal with yahoo, i'm not too bulled up about these relationships with internet-based companies. i haven't seen them become effective ov

germany's opel will be run by gm's vice chairman, while the company looks for a new boss. the move came as a surprise, and analysts say reflects the automaker's growing impatience with its poor european sales. the stock slid nearly 3% to $19.33. turning to the most actively traded e.t.f.'s, we see the emerging markets e.t.f. was hardest hit, falling 1.7%. and that's tonight's "market focus." >> susie: if you're one of those people who loves shopping online, because you can avoid paying state sales tax, there may soon be some changes in store. in the next few weeks congress will take up the issue of making it easier for states to collect sales taxes online. ruben ramirez reports. >> reporter: the locally-owned bookstore may seem like a thing of the past, but don't say that to eileen mcgervey. >> at least once or twice a day we get someone come in that says. i didn't even know you were here. i'm so glad you're here. now, i don't have to barnes and noble. >> reporter: for mcgervey and many small businesses around the country, there's a battle brewing between locally-owned bri

. >> later this morning, there will be a news conference featurerring driving stars of the grand prix race in baltimore. the gm mayor, will be on hand for the event. he plans to talk about ticket sales, sponsorship and market initiatives on the labor day weekend event. the points leader, ray, and american la monday series rateer in washington dc native be on b on hand to discuss the race as well. the city terminated previous contracts with race organizers, racing development, which failed to pay $1.5 million over to the stay and down forced racing which missed dead lines for the event. the event will be held at the spots legends museum in baltimore, starts at 11:45 mm, the race h be held on labor day weekend. >>> the average price for a gallon of gas, in a moment. first let's talk about what you need to put the gas in. ford is recalling thousands of escape suvs. the 2013 models have been on the showroom for a short amount of time. carpet padding in the floor could get in the pay of your braking for the vehicle. dealers will remove the padding and replace the console trim panel for free. notices will be sent ou

news. most people had been expecting that. >> gm's in the same boat, obviously. but the point is, can it get worse? you're looking at a stock, as we said, at the lowest level since 2009. it's barely hanging above nine bucks. >> right. i think you need to put it into perspective, though. europe is a smaller portion of ford. north america is two to three times the size of the european operations. and the european operations historically have not been a profitable business. ford have been break-even or better the last seven, eight years. but talking about swings of a half a billion dollars plus or minus. where in north america, back in '09, they lost $6 billion. this year, they'll make 8billion. >> but right now, the street is going to pay attention to the troubles that exist in europe for ford. along those lines, they need to streamline costs. are they going to be able to approach the unions in europe and get them to make significant concessions as they have in north america? >> i think you look at a couple of factors. first off, again, the magnitude, the size of t

industry, the auto industry is now according to the detroit news, the auto sales are on track to be the best since 2007. i think collectively for gm chrysler, like, 22% up. they'renot only survive, they're thriving where they can create new jobs and opportunities. when you deal with auto parts and other things in the state of ohio, that is outside of detroit. that's significant in these battle ground states. >> you know what? it's a big çdeal. i proudly represent minneapolis but my parents were born and raised in detroit. they'll say barack obama is somebody who helped them. and they resent mr. romney. and they really resent what they try to say he should get credit for the turnaround in the auto industry. he's going to have trouble in michigan big time. i can tell you you've got a lot of other companies that are auto suppliers throughout the midwest, and every family knows that. we're dealing with an area hit hard by foreclosure, hit hard by unemployment. the president is seen as somebody doing somebody about it. >> when you look at the maps, you see ohio is at 7.3%. pennsylvania down to 7.4%. maybe that's why the president is h

chevy is now offering a money- back guarantee on new cars and trucks in an effort to attract more customers. the gm brand says that buyers can get refunds if they return their 2012 or '13 vehicles for any reason. chevy is also offering a no- haggle price to clear out the models for the 2012 year. the offer ends september 4th. >>> you see those popup ads on your computer. now they're being spread to your smart phones and some are even invading your privacy and you may not even know it. popups can change the settings on your phone and even sell your contact information to retailers. thousands of smart phone apps are being powered by road networks that are disguised as text messages or as noaskses. those are commonly found in arcade app so you want to be careful when deciding which ones you want to download. >>> time for news around the world. clashes have broken out between the syrian military and that country's army in a village close to the turkish border. witnesses say heavy fighting took place for more than two hours. syria's anti-regime activists say more than 1,000 people have been killed since

new donors contributed money. the previous two years saw declines in the number of donors. >>> chevrolet is trying a money back guarantee to help attract more customers. the gm brand says buyers can get refunds if they return their new vehicle. the owner does not have to give a reason. the only restrictions the vehicle can't have more than 4,000 miles and it cannot have any damages. >>> a florida teenager is recovering after battling a ten-foot alligator. 17-year-old caleb langdale was swimming with his friends yesterday when the gator suddenly attacked. officials found the alligator a short time later with caleb's arm still in his mouth. doctors weren't able to reattach the arm, but the teenager says he did what he had to to save himself and his friends. >> my biggest fear was losing my arm and whenever i was going down and i felt my arm was already broken so bad, all right, this arm has to go. >> that's a big sacrifice. >> yes, ma'am. but i'm glad it came after me than one of my friends because i don't know if they would have done the same thing and got out of it. >> caleb has kept his sense humor throughout the ordeal. he says he's trying to figure out wh