Mary Barra News
GM to Pay $900M to Settle Criminal Probe Over Defective Ignition Switches
General Motors has agreed to a $900 million settlement and agreed to admit to misleading the public about vehicle safety amid defective ignition switches, according to court documents. The criminal charges were wire fraud and scheming to conceal information, according to court documents. The
What It's Like to Be Rich at the Annual Davos World Economic Forum
It's nothing but the best for the world's elite political and financial leaders who are eating, drinking and sleeping in Davos , Switzerland , this week. About 2,500 people will attend the annual World Economic Forum , where hot topics will invariably include wealth, inequality and the price of oil
GM Implores Lackadaisical Consumers to Heed Big Recall
Morning Money Memo: Eight months after General Motors began recalling more than 2 million cars because of a deadly ignition-switch defect, less than half the owners have gotten their vehicles fixed. The parts are available, but many drivers may not know how serious this is....
Here's What to Expect From Apple (AAPL) Announcement
Morning Money Memo: Apple’s big event Tuesday comes at a crucial time for the world’s most successful and highly valued computer company. A new iPhone 6 is expected to be announced along with a larger phone to compete with the popular big-screen Samsung Galaxy. Both...
The World Erupts
By MICHAEL FALCONE (@michaelpfalcone) NOTABLES U.S. POISED TO PLAY AN ‘ADVISORY ROLE’: Investigators will have to navigate charred wreckage and regional hostility in efforts to uncover answers into the downed Malaysia Airlines Flight 17, which left 298 people dead, including a Philippines-bound ...
Emotional Warning From Father of Woman Killed in GM Car
ABC News’ Elise Widerlite reports: Lara Gass, 27, was headed to work in March when her 2004 Saturn Ion rear-ended a tractor-trailer on a Virginia highway. Her airbag failed to deploy. The third-year law student at Washington and Lee University was driving a car that was...
Omaha Cadillac Saleswoman Impresses 'Secret Shopper' Warren Buffett
The Billionaire Praised the Saleswoman, Requesting She Deliver the Car Herself
Some Senators Demand Dismissal of Top GM Lawyer for 'Stunning Failure'
Some U.S. senators today called on General Motors CEO Mary Barra to fire the company’s top lawyer as executives testified on the ongoing investigation into the ignition switch malfunction in some GM cars. Sen. Claire McCaskill, D-Mo., asked Barra why she has not fired Michael...
Microsoft to Eliminate 18K Workers as It Absorbs Nokia
Morning Money Memo: Microsoft plans to layoff 14 percent of its workforce in the next year, or 18,000 employees, as it works to integrate the Nokia devices business it bought in April. With the Nokia deal, Microsoft’s employee headcount rose to 127,000 as of last...
GM Could Make Huge Payments to Crash Victims
Morning Money Memo: General Motors today plans to announce its compensation plan, paying victims of crashes caused by bad ignition switches. CEO Mary Barra has said there won’t be any cap on payments. The decision on how much to pay claimants is being made by...