The emission-scandal plot continues to thicken for Volkswagen and U.S. regulators. Nearly a month after the Environmental Protection Agency and California Air Resources Board accused the carmaker of including “defeat devices” in an additional 10,000 previously unreported vehicles, investigators for the agency say the number of cars is significantly higher. [More]
Volkswagen has admitted to rigging the emissions control systems on 11 million diesel cars over the last seven years. But what about the company’s older diesel model vehicles? That’s apparently something the carmaker intends to find out by launching yet another investigation. [More]
The hundreds of thousands of consumers still waiting to hear just how Volkswagen plans to fix their “clean diesel” vehicles rigged to cheat emissions tests could simply go buy a new automobile from the carmaker — you know, one that isn’t affected by the scandal. Or at least that’s what it appears VW is saying with the launch of an “Owner Loyalty Bonus” program. [More]
Pinkberry, the chain of California-based yogurt shops that inspires cultish behavior in its followers, was co-founded by one Young Lee, a stylish 47-year-old entrepreneur with expensive taste (he apparently owns a bunch of fancy cars including a Rolls-Royce Phantom and a Ferrari) who is currently a defendant in a criminal proceeding in which he is alleged to have hit a homeless man with a tire iron. [More]
For camera companies, 2011 is a year they’d like to forget — natural disasters have wreaked havoc on Japanese manufacturers and delayed many a product launch. But last summer, Olympus suffered a different kind of catastrophe, one that was man-made, but perhaps much more damaging, and which, if the company goes under, could affect consumers who own Olympus devices, such as cameras, audio recorders, or other products. For instance, it may be difficult to send a device back for repairs or replacement if there’s no company to send it to. [More]
Remember this ad? It was in the Wall Street Journal the day after Tiger Woods crashed his car and unleashed a torrent of trashy mistresses on an unsuspecting nation? Yeah, it was for Accenture. Now that company has decided that Tiger Woods is bad for its reputation. [More]
PREVIOUSLY: EPA Tweaks Official MPGs Prior To Cash4Clunkers, Shafting Some (Photo: morsteen)
The Wall Street Journal Health Blog has some “eye-popping” news — a doctor has been caught fabricating 21 drug studies, some of which were favorable to drugs that have since been pulled from the market — Merck’s Vioxx and Pfizer’s Bextra.
FDA warns consumers not to drink instant coffee made in China because it may be tainted with melamine. They specifically mention one brand, the hilariously-unappetizing-souding Mr. Brown. [MSNBC]
China’s chief quality supervisor was replaced today as the total number of children sickened from dairy products tainted with melamine (the same substance that was found in contaminated pet food last year) grew to 53,000. Nearly 13,000 children have been hospitalized and 4 have died. Products manufactured by 22 companies were found to contain melamine, says Bloomberg.
Remember that whole student loan scandal, where lenders illegally gave gifts to financial aid officers? The Department of Education doesn’t! A damning GAO report claims that the DOE:
Lay and Skilling, who also served as CEO, were convicted in May 2006 for their role in the accounting fraud that led to the collapse of Enron in 2001. The bankruptcy erased billions in investors’ money and wiped out the pensions of thousands of Enron employees.
A study showing how having fewer owners of media outlets hurts local TV news was ordered destroyed by the FCC. It has since come to light and a California senator demands answers.
There’s a scandal brewing in Peoria and it doesn’t smell like potpourri.
Here’s what’s up with the Citibank card scandal. There’s an ATM crime wave. Not just Citibank customers but anyone could be at risk.
A new book called The $200 Billion Broadband Scandal claims to detail the variety of tax breaks and compensations offered to the Bell-spawned phone companies to build out our nation’s fiber-optic network—a network designed to bring 45-megabit per second connections into every home. We don’t know about you, but we are sending this text via a rickety old copper line, using the best 1-megabitish DSL connection Verizon has to offer.