Engineers at General Motors found a way to stop ignition switches from shutting off nine years ago, but made a "business decision" not to order the partial fix to a problem that has now been linked to a dozen deaths, NBC News has learned.
In a legal twist, that dividing line -- between "old GM" and "new GM" -- could be a shield for GM in court, reducing potential legal liabilities by millions of dollars, if chastened executives are willing to invoke it.
Under the terms of its restructuring, GM's product liability extends only to accidents that happened after the reorganized company left bankruptcy in July 2009. Plaintiffs injured before that time would have to seek redress from the defunct shell of GM in Bankruptcy Court, where the chance of compensation is slim.
On CNBC just now, the new GM is NOT liable for any of their products that were sold by the old GM. This protection was given to them under the bankruptcy of the old GM. GM is not going to stand behind any of their products that were sold by the old GM. GM owners sell your old GM products and buy your self a TM product before you get killed.
Across the United States, police and prosecutors are allowing tens of thousands of wanted felons — including more than 3,300 people accused of sexual assaults, robberies and homicides — to escape justice merely by crossing a state border.
Along the way, though, he sees the 10-year yield rising from its current position around 2.8 percent to 3 percent in 2015 before spiking to 7 percent in 2016, 8 percent the following year, then back down to 7 percent in 2018—the year he expects a recession to set in.
The bad news is that a 7 percent rate in the 10-year note looms out there, something that would put a severe crimp in the current debt-happy economy.
We had a very nice pop yesterday, ALU was up a penny and closed in the green. Do not get greedy with this stock it is going to be a very long ride.
Copper prices fell to their lowest level in four years on the Shanghai Futures Exchange on Monday, after tanking 5 percent, a move which analysts say underscores China's bleak outlook following weak data and the country's first ever corporate debt default.
Here is an investment strategy for you:
1.Buy all the stocks in the S&P 500 index, weighted by market cap.
2.Any time the Securities and Exchange Commission opens an investigation into one of those companies, sell its stock.1
That's it! I feel like that would be a good strategy, right? All the benefits of indexing, plus you get to occasionally trade on inside information. Oh, right, for this strategy to work, obviously, you'd need to know about SEC investigations as soon as they start; you can't just wait until the investigations are public.
So I guess the downside of this strategy is that, to use it, you need to work at the SEC. The upside, though, is that if you work at the SEC, this strategy is totally fine!
“There’s no roadblock in the talks,” the 57-year-old billionaire said in a phone interview in London, referring to a copper mine in Peru that Glencore put up for sale last year. “We are in discussions with a potential buyer and if we can get the right price we will go ahead and sell it.”
There will not be any war in Ukraine, just like there was not any war in Georgia. The US military has been cut and this president will just keep talking.
The Panama Canal and a Spanish-led consortium expanding the major maritime artery have reached a preliminary deal to complete work on a project stymied in a row over $1.6 billion in cost overruns, the canal's administrator said on Thursday.
Sales of new single-family homes surged to a 5½-year high in January, which could ease concerns of a sharp slowdown in the housing market.