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but it is unlikely winterkorn will face charges in u.s. courts.many doesn't extradite its citizens. the former ceo could be implicated in ongoing investigations in his home country. german prosecutors are looking into the involvement of the scene at management in cheating -- that senior management in cheating, and there are -- helena: u.s. unemployment figures are out, and they are good but not quite as good as some had expected. the jobless rate fell to 3.9% in april, the lowest since the year 2000. new jobs were created in manufacturing. there was also growth in the health care sector. the figures are a sign of resilience amid the recent stock market chaos and fears over a trade war. let's get more with the financial correspondent. some people now saying the job numbers were a little underwhelming. are they? reporter: i saw those headlines that there numbers were disappointing, and i would disagree. we created a few less jobs than expected, but the unemployment rate dropped to 3.9%, and that is the lowest since december of 2000, so in more than
but it is unlikely winterkorn will face charges in u.s. courts.many doesn't extradite its citizens. the former ceo could be implicated in ongoing investigations in his home country. german prosecutors are looking into the involvement of the scene at management in cheating -- that senior management in cheating, and there are -- helena: u.s. unemployment figures are out, and they are good but not quite as good as some had expected. the jobless rate fell to 3.9% in april, the lowest since the year...
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the key question is what did winterkorn know and when did he know it. although he told a parliamentary investigation that he had not known about the intentional cheating and deception there is mounting evidence that he did know about it before the scandal broke in september twenty fifteen. it was only in july two thousand and fifteen a senior executive is said to have spoken to venta cohen on the phone and told him we've been cheating in the us the same month a lawyer for the company says he talked of into cohen about the cheat software and how best to pursue damage control in upping the current public prosecutors in germany are also investigating even to call on suspicion of fraud and market manipulation at a major sunday newspaper is reporting that v.w. is considering suing him for damages under german law executives can be held responsible for losses whether they knew about misconduct at the time or not if oversight was unduly lax. that's our news wrap the bundesliga show follows after the break with all saturday's big action thanks for watching. two
the key question is what did winterkorn know and when did he know it. although he told a parliamentary investigation that he had not known about the intentional cheating and deception there is mounting evidence that he did know about it before the scandal broke in september twenty fifteen. it was only in july two thousand and fifteen a senior executive is said to have spoken to venta cohen on the phone and told him we've been cheating in the us the same month a lawyer for the company says he...
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authorities have charged winterkorn with conspiring with other senior v.w. executives and employees to defraud the united states and v.w. customers he's also been charged with violating the clean air act and was committing wire fraud in connection with the scheme w's wall street correspondent. said the court's indictment was unprecedented i'm working on wall street for about twenty years and i've never seen a dead the c o r former c.e.o. of a company the size of wagner has faced similar charges that said it is not unusual that u.s. prosecutors start and then work their way up the rings last year to former managers have been sentenced to prison terms here in the us and probably they have helped to form their case against martin going to court. in september two thousand and fifteen u.s. regulators revealed their suspicions that software invented in v.w. diesel cars meant they could detect when an emissions test was being done the programming would then lower the car's emissions to meet the clean air standards winterkorn resigned as chief executive shortly afte
authorities have charged winterkorn with conspiring with other senior v.w. executives and employees to defraud the united states and v.w. customers he's also been charged with violating the clean air act and was committing wire fraud in connection with the scheme w's wall street correspondent. said the court's indictment was unprecedented i'm working on wall street for about twenty years and i've never seen a dead the c o r former c.e.o. of a company the size of wagner has faced similar charges...
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prosecutors are doing what germans couldn't they have charged volkswagens former boss martin winterkorn for his part in a diesel get a mission scandal they say that winterkorn conspired to mislead regulators and violate the u.s. clean air act a federal grand jury indicted the former executive as part of a probe into the scandal which has haunted the company for nearly three years. it couldn't have come at a worse time for folks the announcement that it's four months old martin venter cohen was indicted by u.s. authorities it came soon after the shareholders meeting where its new c.e.o. spoke about regaining confidence. most volkswagen must become more honest more open more truthful so that we don't make ourselves more vulnerable again. but is still vulnerable the indictment of venta core now has many asking whether the carmaker has done enough to investigate its senior executives according to u.s. authorities in two thousand and fourteen the former c.e.o. was informed v.w. cars produced lower emissions during tests than they did on roads but it is unlikely event of corn will face charge
prosecutors are doing what germans couldn't they have charged volkswagens former boss martin winterkorn for his part in a diesel get a mission scandal they say that winterkorn conspired to mislead regulators and violate the u.s. clean air act a federal grand jury indicted the former executive as part of a probe into the scandal which has haunted the company for nearly three years. it couldn't have come at a worse time for folks the announcement that it's four months old martin venter cohen was...
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air quality law the clean air act winterkorn personal legal troubles could have a heavy implications for a volkswagen which is still efficient which they still officially blame the emissions deception on only low level engineers winterkorn is now the six and highest ranking v.w. manager to be charged in the scandal some shareholders have filed a lawsuit alleging that the german automaker has still not come clean about executive wrongdoing and are seeking ten billion dollars in damages from the carmaker. amazon is getting rough with elected officials in their hometown of seattle the seattle city council is considering a seventy five million dollars plan to increase the supply of affordable housing in the city and a tax on major local importers a so-called head tax to finance it five of the nine council members have now co-sponsored or expressed support for the bill arguing that the influx of high wage jobs has also pushed up rents and home prices seattle has been declared a state of emergency on almost this for two years now amazon the largest local employer has responded by announcin
air quality law the clean air act winterkorn personal legal troubles could have a heavy implications for a volkswagen which is still efficient which they still officially blame the emissions deception on only low level engineers winterkorn is now the six and highest ranking v.w. manager to be charged in the scandal some shareholders have filed a lawsuit alleging that the german automaker has still not come clean about executive wrongdoing and are seeking ten billion dollars in damages from the...
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department of justice has issued an arrest warrant for books wagons former chief executive martin winterkorn prosecutors have charged him with conspiracy and wire fraud in connection with the company's diesel emissions scandal winterkorn lawyer has said he will respond to quote in due course. voters in lebanon are gearing up for their first problem terry election in almost a decade on sunday there are hopes that it will end prolonged political gridlock and vote postponements of forming a government could take months or longer due in part to the country's complex party system. more than eighty palestinians have been injured amid fresh protests at gaza's border with israel israeli troops fired live any mission and tear gas at the palestinian protesters as they approached the border fence it's now the sixth week of demonstrations held at the border with palestinians demanding the return of lands they fled or were expelled from in present day israel. six smoke billows from burning tires palestinian protesters use the cloud as cover to fling rocks across the israeli border. then met by rounds of
department of justice has issued an arrest warrant for books wagons former chief executive martin winterkorn prosecutors have charged him with conspiracy and wire fraud in connection with the company's diesel emissions scandal winterkorn lawyer has said he will respond to quote in due course. voters in lebanon are gearing up for their first problem terry election in almost a decade on sunday there are hopes that it will end prolonged political gridlock and vote postponements of forming a...
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therter: mtin winterkorn 11th executive to be charged in cheating scandal. it is unlike he will be extradited. folks wagon realized it could aeat tests by installing device. he ordered that they continue the practice and keep selling models of violate regulaons. >> the u.s. attorney's office is committed to pursuing accountability corporate crimes. he says he only learned about the coverup in 2015, shortly before the scandal was revealed. hasotal, folks like and agreed to spend $25 billion u.s. car owners and regulators in the night in states and has agreed to pull back half a million vehicles. next, i day of reckoning for france after staff strikes on pay. employees have been voting on a referendum about whether to accept management's offer of a 2% raise. most unions have rejected it, but the result of the referendum could override that when announced later today. however, the ceo has said he will resign. our correspondent will be on hand for those results starting at 6 p.m. today. earlier, he ok to a member of the pilots union about why they are standing f
therter: mtin winterkorn 11th executive to be charged in cheating scandal. it is unlike he will be extradited. folks wagon realized it could aeat tests by installing device. he ordered that they continue the practice and keep selling models of violate regulaons. >> the u.s. attorney's office is committed to pursuing accountability corporate crimes. he says he only learned about the coverup in 2015, shortly before the scandal was revealed. hasotal, folks like and agreed to spend $25...
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mr winterkorn resigned from vw shortly after the scandal emerged in 2015. picture arts and sciences. the academy, which runs the oscars, said this was done in accordance with its standards of conduct. tv star cosby was convicted of sexual assault last month. oscar—winning director polanski admitted statutory rape of a 13—year—old girl in 1977. the time is 6:35am, those are the main stories. let‘s get an update on the sport. i feel quite sorry for arsene wenger. it would be very hard if you didn‘t, after all he has achieved in the game, and all he has done for football, you will never have won a european trophy. —— he will never have won one. this was his last chance for a fairy tale ending. football has no room for and six. —— for romantics. ending. football has no room for and six. -- for romantics. it is a hard industry. especially when it is ruined by someone especially when it is ruined by someone who used to haunt you when they were at chelsea. it was ruined by former chelsea striker, diego costa who once again made wenger suffer with the only goal of
mr winterkorn resigned from vw shortly after the scandal emerged in 2015. picture arts and sciences. the academy, which runs the oscars, said this was done in accordance with its standards of conduct. tv star cosby was convicted of sexual assault last month. oscar—winning director polanski admitted statutory rape of a 13—year—old girl in 1977. the time is 6:35am, those are the main stories. let‘s get an update on the sport. i feel quite sorry for arsene wenger. it would be very hard if...
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. >>> the volkswagen's martin winterkorn has been indicted in detroit.company's plan was to cheat and achieve the highest level. they admit to turning the engines off on the road. winterkorn has been charged with three counts of wire fraud and one of conspireing with other executives to violate the clean air act. >>> 35,000 pounds of ground beef is being recalled by a north carolina processing plant because they may be contaminated with bits of plastic. the meat was sold in indiana and virginia and sold under the packaging label ground beef. consumers are urged to either throw the meat out or return it to the store. >>> and if you're a twitter user, change your password. that is the urging from twitter after recently discovering a bug that stores passwords on an internal log in an unprotected form. twitter claims there's no indication of a breach or that passwords were misused. twitter says you should change that password if you use it elsewhere. anne-marie. >>> diane king hall at the new york stock exchange. thank you so much. >> thank you. >>> still to
. >>> the volkswagen's martin winterkorn has been indicted in detroit.company's plan was to cheat and achieve the highest level. they admit to turning the engines off on the road. winterkorn has been charged with three counts of wire fraud and one of conspireing with other executives to violate the clean air act. >>> 35,000 pounds of ground beef is being recalled by a north carolina processing plant because they may be contaminated with bits of plastic. the meat was sold in...
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prosecutors justice department prosecutors allege that martin winterkorn approved plans to conceal the installation on diesel engines of so-called defeat devices those are illegal software that kept the missions artificially low during tests the grand jury indictment in detroit's federal district court was unsealed just hours after the end of the annual shareholders meeting in berlin the deception of balts wagon was revealed in september of twenty fifteen resulting in a global scandal payment of fines and civil damage payments totaling twenty six billion dollars and last year a corporate guilty plea by both wagon on charges of conspiring to violate the flagship u.s. air quality law the clean air act what your current personal legal troubles could have a heavy implications for a bolt weygand which is still official which they still officially blame the emissions deception on only low level engineers winterkorn is now the six and highest ranking b.w. manager to be charged in the scandal some shareholders have filed a lawsuit alleging that the german automaker has still not come clean abo
prosecutors justice department prosecutors allege that martin winterkorn approved plans to conceal the installation on diesel engines of so-called defeat devices those are illegal software that kept the missions artificially low during tests the grand jury indictment in detroit's federal district court was unsealed just hours after the end of the annual shareholders meeting in berlin the deception of balts wagon was revealed in september of twenty fifteen resulting in a global scandal payment...
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martin winterkorn was a dominant figure in german industry, the chairman of volkswagen for seven yea years and the highest—paid ceo in a country. he blamed the emissions candle on the mistakes of a few people but the justice candle on the mistakes of a few people but thejustice department in america said that is not true. he was informed of the scandal and conspired with executives they say to perpetuate the fraud and keep on misleading us regulators. a tough worded statement from the us attorney general in the last few minutes. volkswagen's scheme to cheat requirements went to the top of the company. a brief look at some of the day's other other news stories. a former official at the houses of parliament has accused the commons speaker, john bercow, of behaviour "unworthy of someone in public office". david leakey — who retired as black rod last year — said he had experienced "intolerable" rudeness from mr bercow. he is the second person this week to make allegations against the speaker, who strongly denies the claims. more than 330 million twitter users worldwide have been urged to
martin winterkorn was a dominant figure in german industry, the chairman of volkswagen for seven yea years and the highest—paid ceo in a country. he blamed the emissions candle on the mistakes of a few people but the justice candle on the mistakes of a few people but thejustice department in america said that is not true. he was informed of the scandal and conspired with executives they say to perpetuate the fraud and keep on misleading us regulators. a tough worded statement from the us...
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prosecutors justice department prosecutors allege that martin winterkorn approved plans to conceal the installation on b. double use diesel engines of so-called defeat devices those are illegal software that kept emissions artificially low during tests the grand jury indictment in detroit's federal district court was unsealed just hours after the end of the annual shareholders meeting in berlin the deception of vaults wagon was revealed in september of twenty fifteen resulting in a global scandal payment of fines and civil damage payments totaling twenty six billion dollars and last year a corporate guilty plea by both wagon on charges of conspiring to violate the flagship us air quality law the clean air act what your current personal legal troubles could have a heavy implications for a bolt way which is still official which they still officially blame the emissions a separation on only low level engineers winterkorn is now the six and highest ranking v.w. manager to be charged in the scandal some shareholders have filed a lawsuit alleging that the german automaker has still not come
prosecutors justice department prosecutors allege that martin winterkorn approved plans to conceal the installation on b. double use diesel engines of so-called defeat devices those are illegal software that kept emissions artificially low during tests the grand jury indictment in detroit's federal district court was unsealed just hours after the end of the annual shareholders meeting in berlin the deception of vaults wagon was revealed in september of twenty fifteen resulting in a global...
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about the falsified emissions claims what specifically for what consequences that will have for winterkorn remains to be seen as far as we know he is in germany and the german government will not extradite him but there's so far the latest there's also a statement out from the folks saying that they will continue to cooperate with u.s. regulators right now younes and figured me for sounding a little bit cynical but was this really any kind of surprise. in one respect yes and to the other no in my twenty year career of wall street i do not really recall that such a high ranking former or current c.e.o. of a company of the size of. been charged with any similar charges in that respect it is a surprise on the other side that's what u.s. prosecutors usually do their stop was their lowering and martin winter call is already the ninth executive. to be charged two executives have been sentenced to prison terms just end of last year and probably they have helped to build the case against marty going to court all right hands court and bringing us up to date from new york thank you very much trackin
about the falsified emissions claims what specifically for what consequences that will have for winterkorn remains to be seen as far as we know he is in germany and the german government will not extradite him but there's so far the latest there's also a statement out from the folks saying that they will continue to cooperate with u.s. regulators right now younes and figured me for sounding a little bit cynical but was this really any kind of surprise. in one respect yes and to the other no in...
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prosecutors have filed charges against former volkswagen chairman and ceo martin winterkorn and fivether executives charged with conspireing to mislead regulators having to do with the allegation that they violated the clean air act as part volkswagen rigging the emissions of diesel vehicles between 2009 and 2015 remember, it was just last year, a former volkswagen executive on trial for these charges, similar charges, was convicted, and is now serving seven years in prison this was a grand jury indictment that was served up in march, unsealed today, and, again, martin winterkorn, former ceo of volkswagen has been charged by u.s. prosecutors as well as five other volkswagen executives with conspireing to mislead regulators, by the way, guys, martin winterkorn stepped down, was fired as ceo of volkswagen a year after, two years ago, and he is in germany, he's not in custody. i'll be interested to see if he ever comes here to the united states extraditing him would be very, very difficult guys, back to you. >> absolutely, phil, and i remember watching the story closely as it unfolded y
prosecutors have filed charges against former volkswagen chairman and ceo martin winterkorn and fivether executives charged with conspireing to mislead regulators having to do with the allegation that they violated the clean air act as part volkswagen rigging the emissions of diesel vehicles between 2009 and 2015 remember, it was just last year, a former volkswagen executive on trial for these charges, similar charges, was convicted, and is now serving seven years in prison this was a grand...
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authorities have filed criminal charges against former volkswagen boss martin winterkorn our business desk we'll have that story in just a moment but for now we leave you with a little something which star wars fans are sure to enjoy need the fourth be with you. what does a football loving country to reach its goals. will tell a german soccer made it back to the top. in our web special. dot com. football made in germany. time for an upgrade.
authorities have filed criminal charges against former volkswagen boss martin winterkorn our business desk we'll have that story in just a moment but for now we leave you with a little something which star wars fans are sure to enjoy need the fourth be with you. what does a football loving country to reach its goals. will tell a german soccer made it back to the top. in our web special. dot com. football made in germany. time for an upgrade.
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department of justice has issued an arrest warrant for volkswagen's former chief executive martin winterkorn prosecutors have charged him with conspiracy and wire fraud in connection with the company's diesel emissions scandal when their corns lawyer has said he will respond quote in due course. voters in lebanon are gearing up for their first problem terry election and almost a decade on sunday there are hopes that it will end prolonged political gridlock and three boat was thrown ments a form of the government could take months or longer due in part to the country's complex party system. united states president donald trump has made a fresh bow to protect gun ownership rights in his country he was speaking at a convention of the national rifle association the most powerful pro-gun lobby in the u.s. trumps comments calm despite his suggestion that he would take on the lobby group after a florida school shooting in february. i. president trump knew he was playing in front of a home crowd as he addressed cheering gun enthusiasts in dallas he called again for arming teachers to head off future
department of justice has issued an arrest warrant for volkswagen's former chief executive martin winterkorn prosecutors have charged him with conspiracy and wire fraud in connection with the company's diesel emissions scandal when their corns lawyer has said he will respond quote in due course. voters in lebanon are gearing up for their first problem terry election and almost a decade on sunday there are hopes that it will end prolonged political gridlock and three boat was thrown ments a form...
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. >>> 70-year-old martin winterkorn is indicted for conspiring to coverup the scandal. symbolic. as a german citizen, he's expected to seek protection under german extradition laws. >>> students are expected to return to class after teachers in arizona ended their strike. teachers were awarded a 19% raise over the next three years and reverses some recession-era cuts. >>> we are following a line of storms this morning centered around the upper midwest and stretching into the northeast. but as abc's rob marciano explains, the worst of the severe weather is heading out. >> you see it stretching across the hudson and into connecticut. luckily, this is a weakening phase. we will have storms but not as severe as they have been the past couple days. and another day of peak temperatures near 90. that would be the first official heat wave. rob marciano, new york. >>> and anybody debating whether dogs are clever is going to want to take a look at this next video. >> this dog is very good at hide-and-seek, shall we say? >> tasha, where are you? tasha? [ laughter ] >> tasha, tasha
. >>> 70-year-old martin winterkorn is indicted for conspiring to coverup the scandal. symbolic. as a german citizen, he's expected to seek protection under german extradition laws. >>> students are expected to return to class after teachers in arizona ended their strike. teachers were awarded a 19% raise over the next three years and reverses some recession-era cuts. >>> we are following a line of storms this morning centered around the upper midwest and stretching...
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means for them i would guess it is rather unlikely that the german government will extradite martin winterkorn, but to a certain degree it is not surprising that this happens because that is usually the way -- start with lower ranks and work your way up, and actually, u.s. authorities have reached the top. helena: to stay with us, jens. we will be coming back to you in a moment. we all know conference calls can sometimes be a little bit awkward, but when sometimes they go disastrously wrong -- here's a cautionary tale. american carmaker tesla continues to burn through more cash than it is running, ceo elon musk has done little to ease investors' fear. instead, during a call with shareholders and he refused to answer analysts' questions, calling them "so dry and so not cool." the tesla share price plunge, the company losing $2 billion in market capitalization in just one phone call. the episode shouldn't put a dent in sales. there are over 450,000 people waiting for a tesla. back over to jens. did you on must -- did elon musk's brash manner backfire on the company? jens: it's it -- it certainly
means for them i would guess it is rather unlikely that the german government will extradite martin winterkorn, but to a certain degree it is not surprising that this happens because that is usually the way -- start with lower ranks and work your way up, and actually, u.s. authorities have reached the top. helena: to stay with us, jens. we will be coming back to you in a moment. we all know conference calls can sometimes be a little bit awkward, but when sometimes they go disastrously wrong --...
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being done the programming would then lower the cars emissions to meet the clean air standards winterkorn resigned as chief executive shortly afterwards saying he had been unaware of any wrongdoing but the indictment says venter corn was briefed on the issue at a meeting at the company's vosburgh headquarters in july during that meeting engine development employees described how v.w. was deceiving u.s. regulators including precisely what information had been disclosed and what had not yet been disclosed they also spelled out the potential consequences of being caught . let's bring in our financial correspondent only boss and frank is anyone really surprised about that way you will. you know. since the beginning of the scandal i haven't talked to anyone who didn't claim that. the knowledge of the scandal must have gone all the way to the top perhaps even the instigation came from there is speculation you know you have to presume martin venter core an innocent until proven guilty by a court until a verdict is there until proof is there but you know nobody can imagine that within the corpora
being done the programming would then lower the cars emissions to meet the clean air standards winterkorn resigned as chief executive shortly afterwards saying he had been unaware of any wrongdoing but the indictment says venter corn was briefed on the issue at a meeting at the company's vosburgh headquarters in july during that meeting engine development employees described how v.w. was deceiving u.s. regulators including precisely what information had been disclosed and what had not yet been...
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being done the programming would then lower the car's emissions to meet the clean air standards winterkorn resigned as chief executive shortly afterwards saying he had been unaware of any wrongdoing. but the indictment says venter korn was briefed on the issue at a meeting at the company's first book headquarters in july during that meeting engine development employees described how v.w. was deceiving us regulators including precisely what information had been disclosed and what had not yet been disclosed they also spelled out the potential consequences of being caught. or for more we're joined by did have is very. vinter cohen has been indicted formal charges have been filed by federal prosecutors in the u.s. so this is serious isn't it yes it is very serious as you said the very fact that formal charges have been brought forward. this indictment comes from a grand jury that means that there is factual evidence that vinda cohen knew more than he actually admitted so yes this is pretty serious what does it mean for him to call him personally is there a chance that he will actually go to ja
being done the programming would then lower the car's emissions to meet the clean air standards winterkorn resigned as chief executive shortly afterwards saying he had been unaware of any wrongdoing. but the indictment says venter korn was briefed on the issue at a meeting at the company's first book headquarters in july during that meeting engine development employees described how v.w. was deceiving us regulators including precisely what information had been disclosed and what had not yet...
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of volkswagen marchin winterkorn for his part in the emissions scandal he is facing charges of fraud and conspiracy. and that's your news at the moment come back for more at the top of the hour or you can check out our web site at t w dot com but in the meantime it is star wars day so maybe the fourth be with you as they say. glenn glenn. glenn glenn. glenn. glenn. glug glug. glug. glug glug glug glug. european culture glam rock on iran to even make the clip the. globe. what unites. what divides. driving force. what binds the continent together. answers and stories aplenty. spotlight on people. sixty minutes w. . i'm not proud of him i will not succeed in dividing us about not succeeding taking the people off the streets and because we're tired of his dictatorship. taking the stand global news that matters. made for minds. we make up obama we want tons of office that fund education we ought to send with seven percent. want to shape the continent's future. particularly enjoying african youngsters as they share their stories their dreams and their challenges. the seventy seven percent.
of volkswagen marchin winterkorn for his part in the emissions scandal he is facing charges of fraud and conspiracy. and that's your news at the moment come back for more at the top of the hour or you can check out our web site at t w dot com but in the meantime it is star wars day so maybe the fourth be with you as they say. glenn glenn. glenn glenn. glenn. glenn. glug glug. glug. glug glug glug glug. european culture glam rock on iran to even make the clip the. globe. what unites. what...
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filed charges against the former ceo, martin winterkorn.most since 2002. the french government warning if airline will disappear it strikes continue. fridaynce's ceo quit after failing to reach a wage agreement with employees. an international flavors and -- forces agreed to buy $7.1 billion. that is your bloomberg business flash. david? david: for those of you who may know have seen it, that was from "avengers: infinity war," number one at the box office for the second week in a row. it has sold over $1 billion in tickets worldwide, which sets up disney's announcement of earnings tomorrow. shaw and paul sweeney. barton, are you with us? >> i am. david: you told me -- they told me you were not here. he has a neutral rating on disney. i start with lucas. i understand it is not this quarter, but it indicates the extent to which these blockbuster movies have become so important. >> one movie that will be is "black panther." disney rules the box office on most every month. thany has more grosses warner bros., paramount, and one other company at
filed charges against the former ceo, martin winterkorn.most since 2002. the french government warning if airline will disappear it strikes continue. fridaynce's ceo quit after failing to reach a wage agreement with employees. an international flavors and -- forces agreed to buy $7.1 billion. that is your bloomberg business flash. david? david: for those of you who may know have seen it, that was from "avengers: infinity war," number one at the box office for the second week in a row....
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and he says it will be prosecuted to the highest extent of the law nevertheless winterkorn gets the final vote there he could avoid prosecution simply by remaining in germany. if you have a twitter account the social media side says you should change your password the company discovered a computer glitch that stored some passwords on its internal system in an unprotected form they were kept in readable text rather than disguise with a random set of numbers and letters twitter says a problem has been fixed and no data was stolen or misused larry micah days chief executive of connect safely dot org an internet safety privacy and security organization he says twitter should be credited for letting us know about the problem it is a pretty big mistake and the good news of course is that they claim at least at the gate it was not breached which means that with if it was seen by anybody it was by twitter employees that's bad enough because good best practices say that no one not even the c.e.o. of the company should be feet anybody's password but you know it was a software glitch i can't tell yo
and he says it will be prosecuted to the highest extent of the law nevertheless winterkorn gets the final vote there he could avoid prosecution simply by remaining in germany. if you have a twitter account the social media side says you should change your password the company discovered a computer glitch that stored some passwords on its internal system in an unprotected form they were kept in readable text rather than disguise with a random set of numbers and letters twitter says a problem has...
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has charged martin winterkorn with conspiracy over -- d soel the michelin emissions scandal. they admitted they outfitted cars worldwide with a device to test.laboratory emissions he is the highest-ranking employee to face charges. inflation could give the ecb another reason to put off a decision on ending its bond buying program. consumer growth weakened to 1.2% last month and the rate was the lowest in more than a year. a statistical blip would usually be ignored but combined with risks like as trade protectionism could damage confidence. argentine has tumbled to a new record low after interest rates failed. a recent downward drift is accelerating to a selloff as concern grows disjointed policies allowing for excess government spending. investors thought the president election would be a turning point. global news 24 hours a day powered by more than 2700 in 120 countries. i am courtney collins. this is bloomberg. all right, thanks. as the world waits to see what comes out of trade talks between the u.s. and china, the word from washington is they have been positive. our edi
has charged martin winterkorn with conspiracy over -- d soel the michelin emissions scandal. they admitted they outfitted cars worldwide with a device to test.laboratory emissions he is the highest-ranking employee to face charges. inflation could give the ecb another reason to put off a decision on ending its bond buying program. consumer growth weakened to 1.2% last month and the rate was the lowest in more than a year. a statistical blip would usually be ignored but combined with risks like...
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seven years in prison the other one got a little over three years in prison but here's the key to winterkorn space he might not have to do this at all he is in germany germany does not extra. outside of the european union and that means that bitter corn could simply invade these charges by not leaving germany never coming to the u.s. again that's what german officials have done for full trog and they've been indicted by the united states but they simply chosen to remain in germany nevertheless the u.s. attorney general jeff sessions says this shows that this happened at the highest levels of folks and he says the u.s. will prosecute this to the fullest extent of the law for the next move is really intercourse he can simply decide not to show up and then nothing happens john hendren thank you very much. syrian rebels have surrendered and neighbor of the northern homes countryside they've been given the option of pledging their allegiance to the government or relocating to rebel held territory in northern syria so it has this report. russian military commanders led the negotiations on behalf o
seven years in prison the other one got a little over three years in prison but here's the key to winterkorn space he might not have to do this at all he is in germany germany does not extra. outside of the european union and that means that bitter corn could simply invade these charges by not leaving germany never coming to the u.s. again that's what german officials have done for full trog and they've been indicted by the united states but they simply chosen to remain in germany nevertheless...
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martin winterkorn is now the highest ranking former v.w. official accused of a crime in the emissions scandal in the us going to corn the former chief executive officer of the w. was accused of four counts of federal crimes in the united states one of conspiring to cheat the u.s. emissions system and three counts of wire fraud that he's using e-mail in order to achieve that he faces the big ten years in prison but he could avoid prosecution entirely simply by remaining in germany that is because germany does not extradite for crimes outside of the european union so he could simply remain in germany and that is what five lower ranking officials did when they were indicted they remain in germany indicted by the u.s. but eluding prosecution two officials who did plead guilty in the united states from v.w. are facing hefty prison terms one of seven years one of three years the u.s. attorney general jeff sessions says this shows that the emissions cheating scandal in the u.s. occurred at the highest levels of the w. and he says it will be prosec
martin winterkorn is now the highest ranking former v.w. official accused of a crime in the emissions scandal in the us going to corn the former chief executive officer of the w. was accused of four counts of federal crimes in the united states one of conspiring to cheat the u.s. emissions system and three counts of wire fraud that he's using e-mail in order to achieve that he faces the big ten years in prison but he could avoid prosecution entirely simply by remaining in germany that is...
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a federal grand jury indictment unsealed in detroit says ceo martin winterkorn knew in 2014 that his company's cars contained software that lowere carbon dioxide emissions under testing conditions, even though the cars' emissions rose dramatically under real-world conditions. volkswagen has admitted to rigging some 11 million vehicles worldwide. the auto maker has already paid $26 billion in fines and civil damages, and faces a $10 billion lawsuit by shareholders. in arizona, tens of thousands of publicchl employees have ended a week-long strike after republican governor doug ducey signed a budget bill that will grant teachers and school staffers a 20% raise by 2020. the bill will also raise spending on education by another $138 million. the teachers had beedending the restoration of $1 billion in funding cuts to arizona's public schools since the 2008 recession. "the new york times" reports teacher pay in arizona is so low that administrators have in recent years recruited teachers from the philippines to work in public schools under the u.s. j-1 visa program. the winner of the nati
a federal grand jury indictment unsealed in detroit says ceo martin winterkorn knew in 2014 that his company's cars contained software that lowere carbon dioxide emissions under testing conditions, even though the cars' emissions rose dramatically under real-world conditions. volkswagen has admitted to rigging some 11 million vehicles worldwide. the auto maker has already paid $26 billion in fines and civil damages, and faces a $10 billion lawsuit by shareholders. in arizona, tens of thousands...
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that so that might be something that might happen here in germany so that other low suits against winterkorn that we may see being helped by that u.s. and i and it is probably a pretty good bet that nothing but a cold be taking any vacations in the u.s. . the timing of this is interesting this indictment coming from the u.s. it's happening right when v.w. is holding its annual shareholders meeting you know that was yesterday and the new c.e.o. have a decent gave his first speech that facing. a quite displeased crowd of investors as you can imagine if you look at the share price what has happened to the share price after these look at stand a scandal that has really recovered we sent our report of all of that to follow events and here's his report. greenpeace activists protest outside v.w. the annual general meeting they're calling for climate friendly vehicles clean up reach this banner and they need the corporate culture as well inside as ever high performance models are on show including hybrids and electric vehicles to diesel great prices is still not completely out of sight and some shar
that so that might be something that might happen here in germany so that other low suits against winterkorn that we may see being helped by that u.s. and i and it is probably a pretty good bet that nothing but a cold be taking any vacations in the u.s. . the timing of this is interesting this indictment coming from the u.s. it's happening right when v.w. is holding its annual shareholders meeting you know that was yesterday and the new c.e.o. have a decent gave his first speech that facing. a...
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the former boss of volkswagen, martin winterkorn, has been charged by us prosecutors in detroit overerson to be hit with us criminal charges connected to the scandal. a bounce back for car sales. after months of falling sales the industry has finally reported a rise in new car registrations of 10% in april. however, that should be put in context. it is 10% up on last april when sales saw a massive 20% collapse in sales on the introduction of new tax rules. let's look at those new car sales numbers in a bit more detail. there was a strong 10% recovery in the single month of april compared with april last year. but car sales have been struggling for around a year now and taken together over the 12 month period they have fallen almost 9%. added to that are two distinct trends — the continuing rise in a alternately fueled cars — up about 50% over the whole year and the steady decline of diesel. i'm joined now by the smmt‘s emma butcher. emma, april is always a bit of an odd month, the start of the new financial year with new taxes. just explain what happened ? financial year with new tax
the former boss of volkswagen, martin winterkorn, has been charged by us prosecutors in detroit overerson to be hit with us criminal charges connected to the scandal. a bounce back for car sales. after months of falling sales the industry has finally reported a rise in new car registrations of 10% in april. however, that should be put in context. it is 10% up on last april when sales saw a massive 20% collapse in sales on the introduction of new tax rules. let's look at those new car sales...
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martin winterkorn is being charged by the u.s.missions scandal, the cheating scandal. these sales in the united states -- they suppressed the levels of emissions of so-called clean diesel vehicles. huge questions was whether or not the execs were to face charges, and it seems they will. this is bloomberg. ♪ >> 30 minutes dedicated to fixed income, this is bloomberg "real yield." retail.
martin winterkorn is being charged by the u.s.missions scandal, the cheating scandal. these sales in the united states -- they suppressed the levels of emissions of so-called clean diesel vehicles. huge questions was whether or not the execs were to face charges, and it seems they will. this is bloomberg. ♪ >> 30 minutes dedicated to fixed income, this is bloomberg "real yield." retail.
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you said this will be prosecuted to the highest extent of the law in the united states of course winterkorn gets the final vote on that he can avoid prosecution entirely in the prospect of living the rest of his life at seventy years of age behind bars in the u.s. simply by remaining in germany ok john hundred one for us in chicago john thank you so much. now twitter is urging more than its three hundred million users to change their pos was after a computer glitch the social network discovered a bug that stored some pos words on its internal system in an unprotected form they were kept in readable text rather than disguised with a random set of numbers and letters that the company says the problem has been fixed and no taito was stolen or misused joining us now from skype from palo alto is in california is laurie mckeith he's the c.e.o. of connect safety the orc and spent safety privacy and security organization laurie thank you very much indeed for being with us so twitter has three hundred thirty million uses in the big question really is how could they have made such a big but basic sec
you said this will be prosecuted to the highest extent of the law in the united states of course winterkorn gets the final vote on that he can avoid prosecution entirely in the prospect of living the rest of his life at seventy years of age behind bars in the u.s. simply by remaining in germany ok john hundred one for us in chicago john thank you so much. now twitter is urging more than its three hundred million users to change their pos was after a computer glitch the social network discovered...
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. >>> 70-year-old martin winterkorn is indicted for conspiring to coverup the stroke volkswagen scandalek protection under german extradition laws. >>> students are expected to return to class after teachers in arizona ended their strike. teachers were awarded a 19% raise over the next three years and reverses some recession-era cuts. >>> we are following a line of storms this morning centered around the upper midwest and stretching into the northeast. but as abc's rob marciano explains, the worst of the severe weather is heading out. >> you see it stretching across the hudson and into connecticut. luckily, this is a weakening phase. we will have storms but not as severe as they have been the past couple days. and another day of peak temperatures near 90. that would be the first official heat wave. rob marciano, new york. >>> and anybody debating whether dogs are clever is going to want to take a look at this next video. >> this dog is very good at hide-and-seek, shall we say? >> tasha, where are you? tasha? [ laughter ] >> tasha, tasha, where are you, tasha? tasha. >> wait for it. >> t
. >>> 70-year-old martin winterkorn is indicted for conspiring to coverup the stroke volkswagen scandalek protection under german extradition laws. >>> students are expected to return to class after teachers in arizona ended their strike. teachers were awarded a 19% raise over the next three years and reverses some recession-era cuts. >>> we are following a line of storms this morning centered around the upper midwest and stretching into the northeast. but as abc's...
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"wall street journal" reports volkswagen's ceo martin winterkorn has been indicted in the emissions probee faces possible jail time. last year the company agreed to pay more than $4 billion to settle criminal charges. >>> the "miami herald" reports a police officer was relieved from duty after he was caught on video kicking a man handcuffed on the ground in the head. that's mario figueroa giving the suspect a running kick yesterday. the video was posted on facebook and widely circulated. the officer was immediately suspended. an investigation is now under way. >>> t"the kansas city star" say missouri lawmakers agree to call a special session to consider agr greit greiten's agreement. >> george h.w. bush says he is eager for the doctor's okay to leave. yesterday the 93-year-old former president tweeted that everyone at the hospital is so nice, but the second i get the green light, i'm out of here. mr. bush was admitted to the hospital on april 22nd, suffering from an infection that spread to his bloodstream. it was a day after he attended his wife's funeral. that's a very good sign he can
"wall street journal" reports volkswagen's ceo martin winterkorn has been indicted in the emissions probee faces possible jail time. last year the company agreed to pay more than $4 billion to settle criminal charges. >>> the "miami herald" reports a police officer was relieved from duty after he was caught on video kicking a man handcuffed on the ground in the head. that's mario figueroa giving the suspect a running kick yesterday. the video was posted on facebook...
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has filed charges against vw's former ceo, martin winterkorn.any, i agreed to purchase frutarom for $7.1 billion in stock. china is trying to put a positive spin on trade talks with the u.s. negotiations continue, but it conceded that the government's position did not make unreasonable demands. according to one report, china is now studying ways to lower import tariffs on some products. the u.s. has threatened to propose tariffs on $350 billion of chinese goods. that is your bloomberg business flash. nejra, tom? tom: taylor, thank you so much. let me show you a chart right now, folks, which will get your attention. this is the bloomberg dollar index, which is really good math, and it is a trick chart. i have it off to the right to what we have is a weak dollar policy. this is where we were three months ago, and that if you just drag the chart over, there is the surge in the dollar. one of the great thinkers on his denmark, jens nordvig, and also on the strong dollar. is it a strong dollar reality? will we get used to this? well, we certainly hav
has filed charges against vw's former ceo, martin winterkorn.any, i agreed to purchase frutarom for $7.1 billion in stock. china is trying to put a positive spin on trade talks with the u.s. negotiations continue, but it conceded that the government's position did not make unreasonable demands. according to one report, china is now studying ways to lower import tariffs on some products. the u.s. has threatened to propose tariffs on $350 billion of chinese goods. that is your bloomberg business...
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martin winterkorn is unlikely to face charges because of the extradition situation.t's still an astonishing fall from grace, isn't it? it is. this is what we know so far. we know that volkswagen has admitted systematically deceiving consumers and covering things up. if there is any way in which these allegations can be substantiated, that takes it even further. thank you. let's take a look at some of the other stories making the news. twitter has warned its 330 million users to change their passwords after a glitch exposed some in plain text on its internal network. the social network said an internal investigation had found no indication passwords were stolen or misused by insiders. british airways owner iag has posted a big jump in operating profiits for the first quarter of 2018 thanks in part to strong demand over easter. underlying earnings were $335 million, up from $192 million last year. revenue climbed 2.1% to $6 billion. banking giant hsbc says pre—tax profit dipped 4% to $4.76 billion in the first three months of the year, adding that it would buy back $2
martin winterkorn is unlikely to face charges because of the extradition situation.t's still an astonishing fall from grace, isn't it? it is. this is what we know so far. we know that volkswagen has admitted systematically deceiving consumers and covering things up. if there is any way in which these allegations can be substantiated, that takes it even further. thank you. let's take a look at some of the other stories making the news. twitter has warned its 330 million users to change their...