Two months after a federal court judge tasked with reviewing the pending $142 million settlement for million of fake accounts opened in customers’ names warned he might reject the deal, he finally rubber-stamped the proposal, signaling yet another closed chapter in Wells Fargo’s fake account fiasco. [More]
closing the book
Feds Set To Close Investigation Into Fatal Tesla Autopilot Incident Without Recall
By 1.19.17 — Updated: 1.20.17
UPDATE: NHTSA has indeed closed its investigation into this collision and found that the driver was at fault. Click here for more details. [More]
Feds Bring Criminal Charges Against 6 Volkswagen Executives
By 1.11.17
In a rare instance of criminal charges being brought against executives at one of the world’s largest car companies, federal authorities have indicted six Volkswagen employees involved in the decade-long “Dieselgate” scandal and cover-up. [More]
Samsung Shutting Down “Milk” Streaming Music Service
By 8.22.16
Just two years after launching its own streaming music service, Samsung will shutter Milk Music next month. [More]
Barnes & Noble Decides New CEO ‘Was Not A Good Fit’
By 8.16.16
Barnes & Noble is ditching its CEO of about a year, Ronald Boire, saying in a statement today that he “was not a good fit for the organization” and that the company would begin their search for a new CEO immediately. [More]
Prosecutors Find Evidence Of Criminal Behavior At VW, Says Report
By 8.16.16
Volkswagen recently agreed to pay $15 billion to settle some of the allegations involving the carmaker’s use of so-called “defeat devices” to cheat on emissions tests in diesel cars, but a new report says federal criminal charges could be in the offing for VW. [More]
With Landlord Settlement, Target’s Failed Canada Experiment Nearing End
By 3.8.16
More than a year after Target announced plans to shutter its 133 stores in Canada, the retailer is finally ready to put the failed business venture behind it. The company recently reached a $30 million compensation deal with the landlords of these former Target stores. [More]
