panasonic definitely in the firing line. that is right.ncerns a subsidiary known as panasonic avionics doing the in—flight entertainment and in a statement, they said they are pleased to have resolved the investigations. this goes back to crimes from 2007 to 2016, and they are accused of employing consultants but they never appear to actually do any work for them, for example, in the middle east, one consultant made almost $900,000 over six years and he was employed by the state—owned airline at the time. no evidence he did any work for them, but the part of the airline that he was associated with paid panasonic avionics up to $92 million over the time. this is the corruption allegations. the $280 million fine, one of the largest under the legislation since president trump took office. about half of this is going to the department ofjustice, a penalty for the crimes committed. the other half will go to the security an exchange mission to reap a bill gotten gains. panasonic avionics say they have replaced the entire management team and set

panasonic has not commented.an regulator has told commonwealth bank it needs to hold an extra $750 million in capital following a scathing report into how the bank's governance allowed money laundering to flourish. it says the bank was complacent with risk and didn't learn from its mistakes. the bank says it will implement all the report's recommendations. thousands of software developers from all over the world are converging on sanjose, where facebook‘s f8 conference opens today. they have had their access to user data severely curtailed as the company tries to limit the fallout from the ongoing privacy scandal. now they want facebook boss, mark zuckerberg, to reassure them things will soon be back on an even keel. our technology correspondent, rory cellan—jones, reports. ina shared in a shared office based in san francisco, ben is wondering what the next few days will tell him about facebook‘s feature. has software firm helps retailers reach customers through the messaging service but like thousands of other d

panasonic supplies batteries for tesla in nevada. set by elon musk -- also says panasonic is open to making batteries of for tesla in china. jpmorgan the latest to be accused of currency manipulation, charged in new york with the rigging of african, european and middle eastern currencies. prosecutors say he and his accomplishment -- accomplices competitionliminate by fixing prices and raising bids and offers. yvonne: core cutting continues apace in the u.s. networks down 4%, your to date. another down 5%. switchingof viewers to streaming services such as netflix is set to continue in the near term. betty: coming up, we will unpack the latest inflation numbers. that is in 15 minutes time. casino operators work toward japanese expansion. caesars entertainment joins us. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple loca

the partnership under more pressure is the one between panasonic and tesla.ot $5 billion invested in the tesla plant in nevada. when it comes to building lithium ion batteries. the reason that the plans won't go ahead in china, the reason may be that panasonic saw a $200 million loss because of production lay with tesla. >> more bad news for tesla. >>> a huge move in the fight to stop robo calls, the fcc has levied the largest fine ever against a florida man who placed 100 million spam calls in a three-month period. are the annoying days of fake calls finally over? that's the big question. >> i will make annoying calls to you, but they won't be fake. they've levied this massive fine against this guy for allegedly making all these calls in a three-month period in 2016. they're not over, though, we get about 200,000 placed every year and american consumers get 2.5 billion robo calls a year. >> i specifically hate the one on the other end sounds like a real person. and you're on for about ten seconds before you realize it and i'm duped again. ten seconds of my l

one: the traditional tier is harmon, lg, panasonic. those are the tier one.y manufacture themselves and start to become their own tier one. with haven'ts car, gotten into a discussion of planes and drones and nothing else. just the car is humongous. this is a computer on wheels on the move. emily: if a company is to wait or dominate, who has a better chance, technology or car manufacturers? john: are like to see a collaboration but the car manufacturer will have a big say in it. emily: any updates on your losses with facebook and snap with infringing on your messaging platforms? can't comment on ongoing lawsuits and all these things take a very long time. emily: john chen, thank you for joining us. coming up, we speak with uber ceo and head to the berkowitz -- thein los angeles uber elevate summit. this is bloomberg. ♪ emily: snap ceo is coming the top spot of an elite group of corporate leaders and received a half billion dollar pay package when snape went public and makes him the highest-paid executive of a publicly traded u.s. company. the top and work in

. >> certainly panasonic has a lot of options for partners on the vehicle side they're one of a handfulery makers that can really evolve the battery designs and manufacturing processes to enable these vehicles to come through at lower cost levels so i think they're in a position to cherry pick which partner they want to work with and they certainly have a long-term relationship with toyota, which we think is potentially a better option for them right now, just from a diversification standpoint >> thanks for your time. >>> the rockefeller estate auction shattered world records. more than 20 of them, in fact. we'll give you the staggering numbers that you have to hear to lioray en t veno beeve. that's all nbcsn next next next next next. if this is what you think a mercedes-benz for under $34,000 looks like... ...think again... ...and...again. the 2018 cla and gla, both starting at under $34,000. lease the cla250 for $319 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. >>> the hammer has come down on the rockefeller auction, breaking a world record. robert i

it's an all cash deal valued at $805 million >>> panasonic says it's seeking to develop new automativeeen soaring in recent months as more electric vehicles are built. it's a trend that could eventually lead to shortages of cobalt >>> businesses all over the world are shifting company policy to work with data protection and privacy joining us with steps businesses can take to secure their software and data, mike gregoire he is the ceo of ca technologies before we get into it, what do you think of this policy itself? >> you know, it's a good start when you take a look at the public/private cooperation, this is the first time that i've actually seen it work to a certain degree when that ruling first came out about four years ago and we were working in brussels, it was a lot more draconian the fact of the matter is they've gotten more wind in their sales because if you see all of the breaches and how the data has been used, they're more right than wrong and their fears have been shown public that this is why they want to have something that's a little bit more focused. now, on the other h