Viacom, CBS and its respective board members were sued on Tuesday in Delaware Chancery Court for decisions related to their 92-year-old executive chairman and controlling stockholder Sumner Redstone.
Young said the fledgling airline had been seeing huge demand and had thousands of bookings.
Volkswagen CEO Matthias Mueller said last weekend he believed a new catalytic converter could be fitted to most affected vehicles in a way that would satisfy regulators, but apparently this wasn’t enough.
TOKYO (AP) – Chinese shares were buoyed but the rest of Asian stock markets were largely flat Tuesday after China’s quarterly economic growth met expectations, calming some of the investor jitters in the region. Traders may closely track the National Association of Home Builders’ housing market index for January, the
President Barack Obama said during the State of the Union address that he would push to change the way the federal government manages its oil and coal resources.
CARB Chairwoman Mary Nichols had stern words for the Wolfsburg-based automaker as she delivered news of the rejected plan: “Volkswagen made a decision to cheat on emissions tests and then tried to cover it up”, she said.
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Volkswagen’s chief executive is to report to a panel of senior supervisory board members this month on his progress in resolving a scandal over rigged emissions tests affecting up to 11 million vehicles, a person close to the matter said.