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VW may compensate owners of diesel cars for loss of value

"There might be a slight impact on performance," Horn said to a subcommittee of the House Energy and Commerce Committee. Jan Schakowsky, D- Ill., Horn said VW isn't considering offering owners loaner cars because the U.S. government says the diesels equipped with a so-called defeat device are safe to drive. VW has admitted to installing the defeat devices on...
Source: The Associated Press | By: By TOM KRISHER, AP Auto Writer
Donald Trump takes wind farm dispute to UK Supreme Court

LONDON— U.S presidential candidate Donald Trump has begun the latest round in his legal battle against a Scottish offshore wind farm project. The Republican billionaire, who owns a luxury golf resort in Scotland, wants five British Supreme Court justices to stop wind turbines being built off the Aberdeenshire coast. The property mogul did not attend...
Source: The Associated Press
Is Cuba rolling out red carpet for business?

After a thawing of relations that had been frozen for 60 years, Cuba's rapprochement with the U.S. has seen the country opening itself up to business.
Source: CNBC.com | By: Holly Ellyatt
Meet a guy who makes a living on fantasy sports

Top players can make huge cash in the booming but criticized daily fantasy sports industry, which is led by DraftKings and FanDuel.
Source: CNBC.com | By: Jacob Pramuk
Microsoft unveils new Lumia 950 phone

The phones debuted alongside several other devices, like a 2-in-1 tablet, laptop, wearable and gaming devices.
Source: CNBC.com | By: Anita Balakrishnan
Trump's bluster is heard around the world

BALMEDIE, Scotland— Republican presidential front-runner Donald Trump is well known in this serene coastal section of Scotland, where shimmering, golden sand dunes meet the ice-blue North Sea and people play on his golf course. And in the Middle East, Africa and beyond. "He is a strange fish," said Susan Munro, a part-time shop worker who has lived on land adjacent to...
Source: The Associated Press | By: By GREGORY KATZ, Associated Press
Volkswagen admits rigging of 8M cars in EU: Report

Volkswagen has admitted that 8 million vehicles were fitted with software capable of cheating diesel emissions tests in the European Union.
Source: Reuters
S. Carolina floods: 4.4 TRILLION gallons of water

Dubbed a "1,000 year rain event" by meteorologists, the flooding has been blamed for at least seven deaths throughout South Carolina.
Source: CNBC.com | By: Chris Morris
VW pollution test site under scrutiny amid cheating scandal

OXNARD, Calif.— When Volkswagen opened its gleaming pollution testing center near the California coast, a top executive from the German automaker helped snip the blue ribbon and joined a tour of a lab so advanced that VW would brag the air inside was cleaner than in the surrounding strawberry fields. The center in Oxnard, about 60 miles northwest of Los Angeles, was...
Source: The Associated Press | By: By GILLIAN FLACCUS and JUSTIN PRITCHARD, Associated Press
Volkswagen governance 'uniquely awful'

Volkswagen's decision to nominate a long-serving executive as chairman has thrown more scrutiny on the carmaker's corporate governance and culture, the FT reports.
Source: Financial Times | By: Chris Bryant in Frankfurt and Richard Milne in Wolfsburg