BERLIN (AP) — Volkswagen CEO Martin Winterkorn resigned Wednesday, days after admitting that the world’s top-selling carmaker had rigged diesel emissions to pass U.S. tests during his tenure. No replacement was announced, and VW still has no easy exit from a scandal that has suddenly dented a reputation for trustworthiness… Read More
GUILTY! High-tech swindler busted in an old-school scam
NEW YORK (AP) — A man involved in what federal authorities have described as the first bitcoin securities fraud case pleaded guilty on Monday. Trendon Shavers, of McKinney, Texas, pleaded guilty in New York to a count of securities fraud on his 33rd birthday. He told U.S. Magistrate Judge Sarah… Read More
Banker resigns after a BILLION dollars “vanishes” into Russia
CHISINAU, Moldova (AP) — Moldova’s central bank governor resigned Monday, following weeks of street protests over $1.5 billion that disappeared from three Moldovan banks. Dorin Dragutanu, governor of the National Bank of Moldova stepped down and accused politicians of interfering in the bank’s internal affairs. He said if politicians continued… Read More
BUSTED! Volkswagen caught rigging US emissions tests
It’s a bad day for the VW stock owners. So far, around 15 billion euros ($16.9 billion) was wiped off the market value of Volkswagen AG on Monday following revelations that the German carmaker rigged U.S. emissions tests for about 500,000 diesel cars. And that’s not all – the company… Read More
Federal Reserve makes an interest rate ruling…
To the surprise of some analysts, the Federal Reserve has decided to keep interest rates at record lows in the face of threats from a weak global economy, persistently low inflation and unstable financial markets. Ending a highly anticipated meeting, Fed officials said Thursday that while the U.S. job market… Read More
“King of Beers” could be expanding… big time!
LONDON (AP) — The makers of Budweiser aren’t satisfied with being the kings of beer. They want an empire. Anheuser-Busch InBev, the world’s biggest brewing company and the owner of Budweiser, announced Wednesday it wants to buy SABMiller, the second-largest brewer — and the maker of long-time rival brand Miller… Read More
Wine and tapas… at Taco Bell!?
NEW YORK (AP) — What kind of wine pairs best with a Chalupa? Taco Bell customers in Chicago and San Francisco will soon be able to find out. The chain says it will open a location that serves wine, beer, sangria and frozen mixed drinks in Chicago next week, marking… Read More
Changes coming to Target
Target is going local. The liquor section in its new Boston store features locally-brewed Samuel Adams beer. The “Fan Central” area stocks Red Sox and Patriot gear. And a special section highlights the products used to make the local favorite peanut butter-and-marshmallow sandwich called fluffernutter. The store that’s near Fenway… Read More
Al Qaeda calls for assassination of US celebrities
An online magazine run by al Qaeda is encouraging its followers to assassinate major US industry leaders, including Michael Bloomberg, Warren Buffet, the Koch Brothers, and Bill Gates according to a report by NBC and other media outlets. Also included were Jim Walton, one of the heirs of Wal-Mart, former Federal… Read More
Judge brings the HAMMER down on these 5 cheating tech companies
A federal judge has approved a huge $415 million settlement to resolve a class-action lawsuit alleging Apple, Google, Intel and two other Silicon Valley companies illegally conspired to prevent their workers from getting better job offers. The settlement will pay more than 64,000 technology workers about $5,800 apiece. The approval… Read More