Morton Fox

Yahoo CEO Marissa Mayer Could Be In Line For Huge Payday After Verizon Deal

As you may have heard, Verizon reached a deal over the weekend to purchase Yahoo for $4.8 billion. What this means for the ‘90s internet relic, or those who serve at its helm is still unclear, but at least one of those people — CEO Marissa Mayer — stands to make a pretty penny if she indeed leaves the company when the deal is all said and done.  [More]

Eric Arnold

Volkswagen May Compensate Dealers Over Diesel Emissions Scandal

Last month, Volkswagen agreed to compensate owners of more than 500,000 vehicles equipped with “defeat devices” used to skirt emission standards. Now, the carmaker is reportedly promising to also make it up to dealers affected by the scandal through an unspecified restitution plan.  [More]

Eric Arnold

Volkswagen To Pay At Least $15B To Settle Federal Allegations In Dirty Diesel Scandal

Nine months after the Environmental Protection Agency and California Air Resources Board revealed that Volkswagen had used so-called “defeat devices” in nearly 500,000 diesel-engine vehicles in the U.S. to skirt emissions standards, the carmaker has finally reached a partial settlement package with the agencies, along with the Department of Justice and the Federal Trade Comission, to the tune of $15 billion.  [More]

Ben Schumin

Lyft Slashing Weekday Rides In NYC By Half

Hitching a ride in a Lyft in New York City will be a bit more forgiving on your wallet this week: the ride-hailing company plans to cut weekday trip prices in half for a limited time.  [More]

Benedict Benedict

Volkswagen Offers To Buy Back Emissions-Cheating “Clean Diesel” Cars

Owners of one of Volkswagen’s 500,000 diesel vehicles equipped with “defeat devices” designed to cheat emission standards will have two options when it comes to fixing their vehicles: allow the carmaker to buy it back or have it modified to meet emissions standards.  [More]

Uber Offers $10,000 “Bug Bounty” To Hackers Who Can Detect Service’s Security Flaws

Uber Offers $10,000 “Bug Bounty” To Hackers Who Can Detect Service’s Security Flaws

No matter how hard a company works to ensure its secure its product is, someone, somewhere can find a security flaw in it that leaves it wide open to hackers. For these reasons, several organizations have sought the services of white-hat hackers to test for weaknesses in their networks and websites. Today, Uber joined that growing list of companies.  [More]

(David Transier)

Alaska Airlines Gives Passengers $100 Credit After Flight Disrupted By Drunk Traveler

When a flight is diverted to deal with a disruptive passenger, those left on the plane often receive little, if anything, in the way of compensation for the delay. But travelers on a recently interrupted Alaska Airlines flight received a financial apology from the airline. [More]

(Adam Fagen)

United CEO May Have Made Millions By Returning Early From Heart Transplant

United Airlines CEO Oscar Munoz returns to work on Monday only two months after a heart transplant. Was the airline exec’s speedy recovery spurred by a desire to get back to business, or did Munoz return earlier than planned because it was the only way to earn his full bonus?
[More]

Man Says His American Airlines’ Seat Was Soaked In Urine

Man Says His American Airlines’ Seat Was Soaked In Urine

Last year, a California couple were greeted by a truly gross experience when they found a barf bag full of, well, barf in the seatback of the flight they had just boarded. As difficult as it might be to believe, an Iowa man’s recent experience might top that disgusting discovery: he claims the seat he was assigned, and subsequently sat in, was soaked with urine.  [More]

Volkswagen May Buy Back, Replace Emissions-Cheating Diesels In U.S.

Volkswagen May Buy Back, Replace Emissions-Cheating Diesels In U.S.

While owners of Volkswagen’s emission-cheating vehicles in the U.S. continue to wait for news on how the company plans to fix their cars, one lawyer working for the automaker says he’s preparing a generous compensation package for affected consumers.  [More]

Tesla Sues Supplier Over Falcon-Wing Door Misrepresentations, Demands For Payment

Tesla Sues Supplier Over Falcon-Wing Door Misrepresentations, Demands For Payment

The super-cool, futuristic looking doors on Tesla’s Model X might be eye-catching, but they were apparently a source of consternation for the company and one of its suppliers, according to a new lawsuit.  [More]

Trial Starts In First GM Ignition Switch Defect Civil Lawsuit

Trial Starts In First GM Ignition Switch Defect Civil Lawsuit

The first of six planned civil trials involving General Motors’ faulty ignition switches that resulted in at least 124 deaths is slated to start today in a federal court in New York City. [More]

Angie's List

Angie Of Angie’s List Defends Policy Of Removing Negative Reviews If Customers Get Refunds

If a company offers you a refund after you post a negative online review of your transaction, does that make your original comment any less valid? According to Angie Hicks of crowdsourced review site Angie’s List, once your dispute with a company is resolved, you should only be allowed to say nice things about the company. [More]

GM Paid Out $594.5M For 399 Ignition Switch Death And Injury Claims

GM Paid Out $594.5M For 399 Ignition Switch Death And Injury Claims

Four months after General Motors said it had approved 124 death claims – 10 times the number the carmaker originally acknowledged – related to the massive ignition switch defect it failed to address in more than 2.59 million vehicles, lawyers for the company have calculated a final bill for paid-out claims: $594.5 million.  [More]

Lawmakers Call For VW To Buy Back Emission-Cheating Cars At Pre-Scandal Value

Lawmakers Call For VW To Buy Back Emission-Cheating Cars At Pre-Scandal Value

Despite nearly a quarter of the 482,000 owners of Volkswagen vehicles equipped with “defeat devices” accepting a “goodwill package” of $1,000 in cash and credits for their troubles, lawmakers said on Thursday that the carmaker needs to do more – namely buy back the automobiles that violate federal air pollution emission standards.  [More]

(Eric Arnold)

Nearly 120,000 VW Owners Accept “Goodwill Package,” Carmaker To Present Plan For Emissions Fix Friday

Last week, Volkswagen announced it would try to win over hundreds of thousands of consumers still waiting to hear just how the carmaker plans to fix their “clean diesel” vehicles rigged to cheat emissions tests by offering owners $1,000 in cash and credits. While the “goodwill package” was seen by some as a means to buy more time, it’s apparently working: nearly 120,000 individuals have taken the company up on its offer.  [More]

American Airlines Fined $20K For Failing To Adequately Compensate Bumped Passengers

American Airlines Fined $20K For Failing To Adequately Compensate Bumped Passengers

If you get bumped from a flight because the airline overbooked the plane, you usually get some sort of compensation — money or vouchers for future flights — in exchange for having to change your travel plans. But federal regulators say American Airlines screwed up when it bumped nearly a dozen passengers from a Miami-to-London flight and failed to tell them why or offer them anything for their troubles. [More]

Takata CEO Says Company Will Consider A Victim Compensation Fund

Takata CEO Says Company Will Consider A Victim Compensation Fund

Just days after Honda confirmed the eighth death linked to the ongoing recall of defective Takata airbags in millions of vehicles from nearly a dozen manufactures, the Japanese parts maker says it is considering the possibility of creating a victim compensation fund. [More]