MoneyWatch headlines
Judge lets VW roll on $15B auto buyback; Apple's iPhone sales slide; and Under Armour's stock takes a breather. These headlines and more from CBS MoneyWatch.
Volkswagen
Volkswagen emission lawsuits
In a new fallout in the Volkswagen emissions scandal, lawsuits filed by three states claim top executives were involved with creating so-called "defeat devices." Software helped hundreds of thousands of so-called "clean diesel" cars pass tests in the U.S. The suits come weeks after an estimated $15 billion record settlement package with owners and regulators in the U.S. Kris Van Cleave reports.
The full episode of the CBS Evening News from the June 28, 2016 edition
Turkish officials say at least 28 people are dead and dozens more are injured after multiple explosions at Istanbul's Ataturk Airport; Rescuers are trying to untangle an 80-foot blue whale just a few miles off the coast of California
Volkswagen Pays Up
Volkswagen has agreed to pay $15.3 billion in one of the largest class-action settlements in U.S. history. Most of that will go to owners who bought so-called "clean diesel" cars. It turns out VW designed them to cheat on emissions tests. DeMarco Morgan has more.
MoneyWatch Headlines for June 28, 2016
VW to pay more than $15B to settle diesel-cheat scandal; S&P slashes U.K.'s pristine credit rating. These headlines and more from CBS MoneyWatch.
MoneyWatch Headlines for June 24, 2016
Stock plunge in U.S., Europe, Asia, on Brexit results; VW reportedly close to $10 billion settlement for emissions cheat. These and more headlines from CBS MoneyWatch.
Prince was worth at least $300 million when he died; VW scandal's cost swells to $18.2 billion; new woes for teen retailer Aeropostale
Prince was worth at least $300 million when he died; VW scandal's cost swells to $18.2 billion; new woes for teen retailer Aeropostale. These and other headlines from CBS MoneyWatch.
BP will cut 4,000 jobs as oil and gas prices nosedive, California regulators decry Volkswagen's plan to fix polluting engines and more
BP will cut 4,000 jobs as oil and gas prices nosedive, California regulators decry Volkswagen's plan to fix polluting engines and more. CBS News Moneywatch's Jill Wagner has today's CBSN business headlines.
President Obama's gun control plan causes gun stocks to rise, federal officials sue Volkswagen for cheating emissions standards and more
President Obama's gun control plan causes gun stocks to rise, federal officials sue Volkswagen for cheating emissions standards and more. CBS News Moneywatch's Jill Wagner has today's CBSN business headlines.
Volkswagen sales have plummeted 25% amid an emissions cheating scandal this year
Volkswagen sales have plummeted 25% amid an emissions cheating scandal this year. Mike Spector is a reporter for The Wall Street Journal and has reported extensively on the automaker amid the scandal. He joins CBSN with more on what Volkswagen needs to do to pick up sales.
A frenzied weekend of shopping is underway, kicked off by Black Friday
A frenzied weekend of shopping is underway, kicked off by Black Friday, one of the biggest shopping days of the year. Also, Volkswagen's emissions scandal puts a dent in its bottom line. Mark Albert reports on the day's top MoneyWatch headlines.
Regulators again accuse VW of emissions cheating, Google plans drone deliveries, Amazon adds paternity leave and more
Regulators again accuse VW of emissions cheating, Google plans drone deliveries, Amazon adds paternity leave and more. CBS News Moneywatch's Jill Wagner has today's CBSN business headlines.
The investigation of the Russian airline crash in Egypt continues, Ben Carson leads the GOP primary field, VW is again accused of cheating on emissions and more are among today's CBSNews.com trending stories
The investigation of the Russian airline crash in Egypt continues, Ben Carson leads the GOP primary field, VW is again accused of cheating on emissions and more are among today's CBSNews.com trending stories.
At a House subcommittee hearing, VW's American branch CEO Michael Horn apologized "on behalf of everyone at Volkswagen" for the software cheat designed to beat emissions tests found in VW clean diesel vehicles
At a House subcommittee hearing, VW's American branch CEO Michael Horn apologized "on behalf of everyone at Volkswagen" for the software cheat designed to beat emissions tests found in VW clean diesel vehicles. Kris Van Cleave reports.
VW top executive testifies in Congress, Lumber Liquidators pays millions to end investigation, Best Buy's robot salesperson and more
VW top executive testifies in Congress, Lumber Liquidators pays millions to end investigation, Best Buy's robot salesperson and more. CBS News MoneyWatch's Jill Wagner has today's CBSN Business Headlines.
Volkswagen executive expected to give congressional testimony, Heating oil usage drops, California governor signs Fair Pay Act and more
Volkswagen executive expected to give congressional testimony, Heating oil usage drops, California governor signs Fair Pay Act and more. CBS News MoneyWatch's Jill Wagner has today's CBSN Business Headlines.
The full episode of the CBS Evening news from September 29, 2015 edition
Georgia is set to execute a woman Tuesday night for the first time in 70 years, ignoring a call from Pope Francis to spare the convicted murderer's life; Dean Reynolds profiles a Minnesota nun who is also a high school football coach
As Volkswagen continues damage control from the revelation the automaker cheated on emissions tests, dealers are finding it tough to sell the company's cars
As Volkswagen continues damage control from the revelation the automaker cheated on emissions tests, dealers are finding it tough to sell the company's cars. Omar Villafranca spoke with one of those dealers Tuesday.
There’s new fallout from the emissions cheating scandal at Volkswagen
There’s new fallout from the emissions cheating scandal at Volkswagen. This year, the automaker overtook Toyota as the world's largest carmaker by sales. It happened three years ahead of the company's target. But investors punished Volkswagen's stock after the company's lie about emissions data. Can Volkswagen stay on top? Ariel Investments president and CBS News financial contributor Mellody Hobson joins “CBS This Morning” to discuss the company's former CEO Martin Winterkorn and the impact of the scandal.
Mathias Muller is now the new CEO of Volkswagen
Mathias Muller is now the new CEO of Volkswagen. He was the head of VW's Porsche line, but he’ll now steer VW through its emissions cheating scandal. Meanwhile, the EPA says it’s upping its game against all carmakers. Kris Van Cleave reports.
The full episode of the CBS Evening News from the September 22, 2015 edition
Pope Francis set foot on American soil for the first time in his life Tuesday as he landed at Joint Base Andrews and was greeted by President Obama; For ages, popes road on the shoulders of the faithful, but after an assassination attempt on Pope John Paul II, everything changed.
CBS News looks back at the hazy days before car emissions, when Los Angeles was shrouded in thick clouds of carbon monoxide and other pollutants
CBS News looks back at the hazy days before car emissions, when Los Angeles was shrouded in thick clouds of carbon monoxide and other pollutants. Ben Tracy has more.
Volkswagen’s emission scandal is getting bigger
Volkswagen’s emission scandal is getting bigger. Attorneys General in California and New York launched their own probe into the cheating software scandal along with the U.S. Department of Justice. And authorities in Germany, France and Britain called for probes into the move to equip 11 million diesel cars worldwide with software to cheat during pollution tests. Kris Van Cleave has more on this.
The pope's U.S. visit, Scott Walker's campaign exit, VW's EPA scandal, a massive drug price hike and more are among today's CBS News trending stories
The pope's U.S. visit, Scott Walker's campaign exit, VW's EPA scandal, a massive drug price hike and more are among today's CBS News trending stories.
The full episode of the CBS Evening news from September 21, 2015 edition
The EPA says Volkswagen used sophisticated software allowing U.S. cars to pass emission tests they should have failed; more than 80,000 people have committed to engage in acts of kindness as a way to honor Pope Francis' visit
Exclusive
Ally of DOJ pardon attorney seeks to join board of Trump's $1.7+ billion fund
In his application letter, attorney Mike Howell proposed organizing a national gathering of "thousands of victims of weaponization," including those involved in the Capitol riot.
Live
Trump says Netanyahu will do "whatever I want him to do" on Iran
Asked what he said to Israel's leader about a decision to hold off on new Iran strikes, Trump said Netanyahu will "do whatever I want him to do."
Detroit-bound flight diverted over passenger from Congo amid Ebola restrictions
An Air France flight from Paris to Detroit, Michigan, was forced to divert to Montreal, Canada, on Wednesday due to U.S. flight restrictions linked to the Ebola outbreak.
Daycare owner charged with fraud tried to flee U.S. after closing center, prosecutors say
New fraud charges were unsealed Wednesday against a Minnesota daycare owner who federal prosecutors allege tried to flee the country just two days after shutting the center down.
Ex-prosecutor allegedly stole secret report on Trump, named file "Bundt Cake Recipe"
A former federal prosecutor was charged this week with emailing herself a report on the Justice Department's investigation into President Trump that a judge had kept under lock and key, under the file name "Bundt_Cake_Recipe.pdf."
Texas Dem under fire for saying she'd make ICE jail "prison for American Zionists"
A Democratic House candidate in Texas is facing widespread condemnation and accusations of antisemitism from her own party.
DOJ veterans fear probe into ex-CIA director is being stacked with Trump loyalists
Former CIA Director John Brennan is the subject of two criminal probes being led by the Miami-area U.S. Attorney's Office.
DHS to tighten Ebola-related flight restrictions for some foreign travelers
The Department of Homeland Security is set to implement new entry restrictions beginning Thursday for foreign travelers coming to the U.S. from countries at the center of the latest Ebola outbreak.
U.S. indicts Cuba's Raúl Castro on murder charges for downing of planes in 1996
Former Cuban leader Raúl Castro was indicted by a U.S. grand jury in connection with the Cuban military's fatal downing of two planes in 1996.
U.S.
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Detroit-bound flight diverted over passenger from Congo amid Ebola restrictions
An Air France flight from Paris to Detroit was forced to divert to Montreal due to U.S. flight restrictions linked to the Ebola outbreak.
Daycare owner charged with fraud tried to flee U.S. after closing center, prosecutors say
New fraud charges were unsealed Wednesday against a Minnesota daycare owner who federal prosecutors allege tried to flee the country just two days after shutting the center down.
DHS to tighten Ebola-related flight restrictions for some foreign travelers
The Department of Homeland Security is set to implement new entry restrictions beginning Thursday for foreign travelers coming to the U.S. from countries at the center of the latest Ebola outbreak.
Vanessa Trump announces breast cancer diagnosis
Vanessa Trump, 48, was married to Donald Trump Jr. for 12 years. They share five children together.
GOP Sen. Bill Cassidy takes digs at Trump, urging renewed unity in politics
Cassidy, who lost his reelection bid last week, called for leaders who are "steady, not erratic" and "thoughtful, not impulsive."
MoneyWatch
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SpaceX files for IPO as rocket company preps for market debut
Elon Musk's SpaceX is moving ahead with plans to go public in what some expect will be the biggest IPO ever.
Highest gas prices in years expected to continue rising this summer
U.S. motorists are likely to face even hotter gas prices as the summer driving season kicks off, according to a new analysis.
What sagging bond prices are telling us about the U.S. economy
U.S. government bonds are sagging as investors fret that hotter inflation will keep interest rate cuts on hold.
Summer travelers face "vacation inflation" as airfare, gas prices rise
Gas prices, airfares, accommodations and other vacation essentials are more expensive this year compared to last year.
Bezos says bottom half of U.S. earners should pay no federal income tax
The Amazon founder said eliminating taxes for lower-income Americans could ease financial pressure and encourage entrepreneurship.
Politics
More Politics
State Democratic Party censures governor after he commutes Tina Peters' sentence
The central committee of the Colorado Democratic Party on Wednesday voted 89.8% in favor of a measure to censure Gov. Jared Polis.
Texas Dem under fire for saying she'd make ICE jail "prison for American Zionists"
A Democratic House candidate in Texas is facing widespread condemnation and accusations of antisemitism from her own party.
DHS to tighten Ebola-related flight restrictions for some foreign travelers
The Department of Homeland Security is set to implement new entry restrictions beginning Thursday for foreign travelers coming to the U.S. from countries at the center of the latest Ebola outbreak.
Exclusive
Ally of DOJ pardon attorney seeks to join board of Trump's $1.7+ billion fund
In his application letter, attorney Mike Howell proposed organizing a national gathering of "thousands of victims of weaponization," including those involved in the Jan. 6, 2021, Capitol riot.
GOP Sen. Bill Cassidy takes digs at Trump, urging renewed unity in politics
Cassidy, who lost his reelection bid last week, called for leaders who are "steady, not erratic" and "thoughtful, not impulsive."
HealthWatch
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HealthWatch
Vanessa Trump announces cancer diagnosis
Vanessa Trump announced on Instagram that she has been diagnosed with breast cancer and is working with her doctors on a treatment plan.
Noah Wyle's push to help healthcare workers
Noah Wyle, who stars in HBO's "The Pitt," joins "CBS Mornings" with Dr. Elisabeth Potter to discuss their push to improve mental health and quality of life for healthcare workers.
Deadly measles outbreak in Bangladesh fuels concern over risks for U.S.
A CBS News medical correspondent and doctor says her "biggest concern for the World Cup is actually measles. It's not hantavirus, it is not Ebola."
WHO says Ebola risks high for region, but not a "pandemic emergency"
WHO chief Tedros Adhanom Ghebreyesus says risks from the Ebola outbreak in Congo and Uganda are "high at the national and regional levels, and low at the global level."
Cheaper, alternative health plans are having a moment, but critics urge caution
Congress' decision not to extend enhanced marketplace tax credits has boosted the appeal of alternative health coverage with lower monthly premiums.
World
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Detroit-bound flight diverted over passenger from Congo amid Ebola restrictions
An Air France flight from Paris to Detroit was forced to divert to Montreal due to U.S. flight restrictions linked to the Ebola outbreak.
U.S. intel community analyzing how Cuba might respond to military action
These kinds of intelligence forecasts attempt not only to show the immediate consequences of an American action, but the chain of reactions that may follow.
Spy plane "dangerously intercepted" by Russian jets over Black Sea
The Russian jets intercepted the U.K. aircraft with one jet flying as close as 19 feet to the British plane's nose, officials said.
U.S. indicts Cuba's Raúl Castro for murder over downing of planes in 1996
Former Cuban leader Raúl Castro was indicted by a U.S. grand jury in connection with the Cuban military's fatal downing of two planes in 1996 — an escalation in the U.S. pressure campaign against the Cuban government.
Netanyahu rebukes Israeli minister for treatment of Gaza flotilla activists
Italy and France have summoned the Israeli ambassadors in their respective capitals after Itamar Ben-Gvir, his national security minister, posted the video.
Entertainment
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Byron Allen on "Comics Unleashed" as it moves to new time slot on CBS
Comedian and media mogul Byron Allen brings "Comics Unleashed" to CBS's late night slot, replacing "The Late Show With Stephen Colbert."
From 1993: Letterman on "The Late Show" launch
Ahead of the premiere of "The Late Show" in August 1993, host David Letterman sat down with "CBS This Morning" to discuss his break from his previous late night show, what viewers could expect from his CBS debut and more.
Byron Allen on filling CBS' late night slot
Comedian and media mogul Byron Allen sits down with "CBS Mornings" to discuss his show "Comics Unleashed" and its transition into the CBS late night spot.
Sponsored
Michelle Monaghan on getting quality sleep
Actress Michelle Monaghan joins "CBS Mornings" to talk about her 24-hour wellness cycle and why it's important to get quality sleep and consistent energy. (Sponsored by Natrol)
Soon-to-be mom Beanie Feldstein reveals sex of her baby
Actor Beanie Feldstein told "CBS Mornings" she and wife Bonnie-Chance Roberts are expecting a baby girl.
Technology
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Technology
What Nvidia's Q1 earnings say about AI race
Cementing its status as the world's most valuable company, Nvidia reported record revenue in its latest earnings report. Britney Nguyen, Nvidia and chips reporter at MarketWatch, joins with analysis.
Google announces AI-focused search bar revamp
Artificial intelligence is prompting Google to change its iconic search bar for the first time in more than 25 years. Mashable tech editor Tim Werth joins CBS News to discuss.
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Concern ramps up over the use of AI in combat
The Defense Department says it wants to be "AI-first," but some service members are concerned about how quickly the technology is developing. Chris Livesay reports.
Privacy concerns grow over AI, phone numbers
Privacy concerns about artificial intelligence are growing after people discovered that chatbots are sharing their real phone numbers. Eileen Guo, investigative tech reporter for MIT Technology Review, joins to discuss.
Science
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2 humpback whales swam record-breaking distance, photos reveal
The pictures represent the longest-distance ever seen between two pictures of the same humpback whale, researchers said.
Live chicks hatched from artificial eggshell, biotech company says
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
El Niño could bring "double whammy" of high tide flooding, NOAA warns
The upcoming El Niño could trigger frequent and widespread flooding in coastal areas around the United States, even when storms aren't actively taking place, scientists warn.
New dinosaur weighing as much as 9 elephants identified by scientists
The long-necked herbivore is the largest ever found in Southeast Asia, researchers said.
How a growing El Niño will affect 2026 hurricane season in Atlantic, Pacific
The last time an El Niño pattern occurred was in 2023, when the Eastern Pacific hurricane season produced 20 tropical systems.
Crime
More Crime
Daycare owner charged with fraud tried to flee U.S. after closing center, prosecutors say
New fraud charges were unsealed Wednesday against a Minnesota daycare owner who federal prosecutors allege tried to flee the country just two days after shutting the center down.
TikTok star accused of murder-for-hire plot
A social media influencer and her father are accused of plotting to kill her famous singer ex, amid a bitter years-long custody dispute, court documents show. Jonathan Vigliotti is following the case.
Watch: Blanche announces Raúl Castro indictment
Acting Attorney General Todd Blanche announced murder and conspiracy charges Wednesday against former Cuban leader Raúl Castro and five others over the downing of two planes in 1996.
Man jailed over Kirk post wins settlement
Larry Bushart, who spent 37 days in jail over his Facebook post about the assassination of conservative activist Charlie Kirk, will get $835,000 to settle a lawsuit against Tennessee officials. CBS News' Shanelle Kaul reports.
More details on Mango founder's son
Court records reveal more details about the Mango founder's son, Jonathan Andic, who was arrested Tuesday in connection to his father's 2024 death. Leigh Kiniry reports.
Space
More Space
New version of Starship rocket ready for critical test flight
The new rocket features a host of upgrades intended to improve safety and performance of the world's most powerful rocket.
SpaceX launches cargo ship to International Space Station
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
NASA maps show Earth's brightest and darkest regions at night
Researchers expected to find "a gradual increase in artificial light at night," but instead saw "much more nuanced patterns," NASA said.
NASA spacecraft to fly past Mars on voyage to rare metal asteroid
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
UFO files reveal astronauts saw mysterious objects and lights in 1972
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
Why Harvard is limiting number of "A" grades
In a historic move, Harvard University faculty members have voted to limit the number of "A" grades given to undergraduates to curb rising grade inflation. Axios Boston reporter Mike Deehan joins "The Daily Report" with more.
Target Q1 earnings beat expectations
Home Depot, Target, Lowes and TJ Maxx all beat expectations with their first quarter earnings and revenue reported on Wednesday. Target had their strongest gains in years. CBS News senior business and tech correspondent Jo Ling Kent has more.
Raúl Castro indictment's significance
President Trump said he does not think there will be any additional escalation following the Justice Department's indictment of former Cuban leader Raúl Castro. CBS News national correspondent Lilia Luciano breaks down the situation.
Jan. 6 officers suing to block Trump fund
Metropolitan Police officer Daniel Hodges is one of two law enforcement officers who defended the Capitol during the Jan. 6 riots and is suing to block the Trump administration's nearly $1.8 billion so-called "anti-weaponization" fund. He joins "The Daily Report" to discuss why.
5/20: The Takeout with Major Garrett
Breaking down Tuesday's primaries as another Republican who broke with Trump falters; U.S. indicts Raúl Castro.