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
Trump issues new executive orders targeting birthright citizenship
His earlier executive order along those lines was struck down by the Supreme Court in June.
Live
Iran, Oman deal on Strait of Hormuz getting close, Tehran says
Iran and Oman are close to agreeing on new arrangements for the Strait of Hormuz, but not for a full reopening of the vital waterway, Iran's state news agency says.
Trump-endorsed Rep. Andy Ogles projected to lose GOP primary in Tennessee
Two-term Rep. Andy Ogles lost the Republican primary for his Tennessee House seat, the Associated Press projects, despite securing an endorsement from President Trump.
At least 6 dead in Thailand high school shooting after suspect kills grandparents
A teenager described as "troubled" by a classmate killed his grandparents before gunning down at least six more people at a school in Thailand, police said.
Cruz calls for Trump to arm Iranians: "Our objective should be regime collapse"
GOP Sen. Ted Cruz told Aaron MacLean on the "School of War" podcast that President Trump should heap more pressure on Iran — including by arming Iranians to "let them overthrow their own government."
FAA orders inspections of 737 Max jets after cracks found in older planes
The Federal Aviation Administration has ordered inspections of hundreds of Boeing 737 Max jets after cracks were found in parts of some older model Boeing planes.
First on CBS
Trump to announce $180 million to boost mining education
President Trump is planning to announce over $180 million in grants to boost educational programs for the mining industry, CBS News has learned, part of a bid to increase critical mineral production.
Flesh-eating bacteria have killed 5 in Louisiana this year, officials say
A flesh-eating bacterium found in warm coastal waters is responsible for at least five deaths so far this year in Louisiana, state health officials reported Thursday.
Bessent announces crackdown on undocumented immigrants' use of U.S. banks
Treasury Secretary Scott Bessent told Arizona bankers the administration won't allow "risks posed by the extension of financial services to illegal aliens."
U.S.
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Trump-endorsed Rep. Andy Ogles projected to lose GOP primary in Tennessee
Two-term Rep. Andy Ogles lost the Republican primary for his Tennessee House seat, the Associated Press projects, despite securing an endorsement from President Trump.
Court orders Meta and Instagram to pay $567M to address kids' mental health
A New Mexico court has ordered Instagram and Facebook parent company Meta to pay $567 million to address harms to young people from its platforms.
FAA orders inspections of 737 Max jets after cracks found in older planes
The Federal Aviation Administration has ordered inspections of hundreds of Boeing 737 Max jets after cracks were found in parts of some older model Boeing planes.
Spokane arson suspect had planned devastating wildfire for weeks, police say
Police said a man charged with starting a wildfire confessed to the crime, describing how he planned it for weeks and created a device to ignite a blaze that destroyed hundreds of buildings.
Stevens says of El-Sayed: "Differences were aired out"
Though Rep. Haley Stevens stressed a unified front moving forward, she was evasive on whether she would appear with El-Sayed on the campaign trail.
MoneyWatch
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First on CBS
Trump to announce $180 million to boost mining education
President Trump is planning to announce over $180 million in grants to boost educational programs for the mining industry, CBS News has learned, part of a bid to increase critical mineral production.
Court orders Meta and Instagram to pay $567M to address kids' mental health
A New Mexico court has ordered Instagram and Facebook parent company Meta to pay $567 million to address harms to young people from its platforms.
Bessent announces crackdown on undocumented immigrants' use of U.S. banks
Treasury Secretary Scott Bessent told Arizona bankers the administration won't allow "risks posed by the extension of financial services to illegal aliens."
America's water systems are getting hacked amid security gaps, experts say
The nation's 152,000 public water systems often lack defenses against malicious actors, cybersecurity experts said. Here's what to know.
Entrepreneurship is booming in the U.S. Gen Zers are leading the way.
Young Americans, tired of working for others and boosted by AI, are driving a surge in new businesses.
Politics
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Cruz calls for Trump to arm Iranians: "Our objective should be regime collapse"
GOP Sen. Ted Cruz told Aaron MacLean on the "School of War" podcast that President Trump should heap more pressure on Iran — including by arming Iranians to "let them overthrow their own government."
First on CBS
Trump to announce $180 million to boost mining education
President Trump is planning to announce over $180 million in grants to boost educational programs for the mining industry, CBS News has learned, part of a bid to increase critical mineral production.
Trump-endorsed Rep. Andy Ogles projected to lose GOP primary in Tennessee
Two-term Rep. Andy Ogles lost the Republican primary for his Tennessee House seat, the Associated Press projects, despite securing an endorsement from President Trump.
Sen. Marsha Blackburn wins Republican primary for Tennessee governor
Sen. Marsha Blackburn had faced two primary challengers, including Rep. John Rose.
Stevens says of El-Sayed: "Differences were aired out"
Though Rep. Haley Stevens stressed a unified front moving forward, she was evasive on whether she would appear with El-Sayed on the campaign trail.
HealthWatch
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Flesh-eating bacteria have killed 5 in Louisiana this year, officials say
A flesh-eating bacterium found in warm coastal waters is responsible for at least five deaths so far this year in Louisiana, state health officials reported Thursday.
Minnesota Chipotle burrito bowl meal led to sepsis hospitalization, lawsuit says
A Minnesota woman says she fainted, spiked a 102-degree fever, and was hospitalized with sepsis three days after eating a chicken burrito bowl at a Chipotle in Roseville, and genetic testing connected her case to a multistate outbreak, according to a lawsuit filed Tuesday.
What Fauci has said about COVID origins, gain-of-function research
Thursday's vote to hold Dr. Anthony Fauci in contempt of Congress follows years of tension with GOP Sen. Rand Paul, hinging on the origins of the coronavirus and a controversial type of research.
FDA approves Moderna's mRNA flu vaccine after initial pushback
The U.S. Food and Drug Administration has approved a new seasonal flu vaccine from Moderna that uses mRNA technology, the drugmaker announced.
Toddler twins reunited after cancer treatment
A video showing 3-year-old twins Millie and Maverick reuniting after one of them had to undergo cancer treatment hours away from their home has gone viral. Matt Gutman reports.
World
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Cruz calls for Trump to arm Iranians: "Our objective should be regime collapse"
GOP Sen. Ted Cruz told Aaron MacLean on the "School of War" podcast that President Trump should heap more pressure on Iran — including by arming Iranians to "let them overthrow their own government."
At least 6 dead in Thailand high school shooting after suspect kills grandparents
A teenager described as "troubled" by a classmate killed his grandparents before gunning down at least six more people at a school in Thailand, police said.
U.S. Marine vet, detained in Russia since 2022, hospitalized in serious condition
Robert Gilman, 32, is being held at a Russian hospital in what his advocate, Eric Lebson of Global Reach, described as a "dissociative stupor."
Star Cambridge professor resigns amid plagiarism allegations
Jason Arday, who joined Cambridge in 2023 at the age of 37, became one of Britain's most high-profile academics after sharing an extraordinary life story.
Red alert issued for major Italian cities as heat wave grips Europe, sets Austria record
The heat has set a national temperature record in Austria, fueled wildfires in France and disrupted energy and transportation systems across the continent.
Entertainment
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Entertainment
Diarra Kilpatrick on her show's new season
Diarra Kilpatrick, who stars in "Diarra from Detroit," joins "CBS Mornings" to discuss the show's new season, which premiered on Paramount+ last week.
Amanda Kloots on her new dating show
Amanda Kloots, a Broadway dancer, podcast host and best friend to reality star Harry Jowsey, joins "CBS Mornings" to discuss their new Netflix series "Let's Marry Harry."
Inside the risky business of Broadway musicals
The costs of a Broadway musical production have skyrocketed in recent years. CBS News contributor Jamie Wax reports.
Aaron Pierre talks new series, "Lanterns"
Actor Aaron Pierre is starring as John Stewart in the new series "Lanterns." He tells "CBS Mornings" why this character is special to him, what it's like to join the DC Universe and how he managed undergoing surgery during the audition process.
Stranger rescues band from car troubles
A kind stranger named Ernie helped rock band The Autumn Kings make it to their tour stop after their car broke down in Wisconsin. Matt Gutman reports.
Technology
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Technology
Kids dropping phones for summer jobs
Meet the children leaving their devices behind this summer to flex their entrepreneurial muscles with summer jobs.
Concerns over misuse of Flock cameras
Joseph Cox, co-founder of 404 Media, joins CBS News to discuss criticisms of Flock cameras and the push by some cities to replace Flock cameras with different surveillance devices like license plate readers.
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.
Cyberattacks target U.S. water systems
U.S. officials suspect Iran-backed hackers may be behind cyberattacks that have been reported in at least 12 states. CBS News homeland security correspondent Nicole Sganga has more details.
Meta says its AI model breached a third-party company during testing
Tech giant Meta revealed Wednesday that one of its artificial intelligence models hacked another organization during testing, the third time in recent weeks that an AI model has improperly accessed a third-party company.
Science
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Science
Genetically altered beagles offer hope for dog lovers with allergies
Matt Walker, a geneticist and the CEO of Kindred Companion Sciences, joins "CBS Mornings" with his gene-altered beagle, Bailey, to discuss creating future options for people with severe pet allergies.
Most detailed images taken of sun's surface revealed
Researchers were able to peek at the sun's scorching surface with the help of the National Science Foundation's Daniel K. Inouye Solar Telescope, located on the island of Maui in Hawaii.
Bezos, DiCaprio set up massive wildlife fund
Hollywood actor Leonardo DiCaprio and Amazon founder Jeff Bezos have announced a $200 million fund set to protect species on the brink of extinction. Carter Evans has the story.
Dramatic photos show lava spewing from Fuego volcano in Guatemala
Guatemalan officials on Monday began evacuating two villages near the Fuego volcano due to the ongoing eruption.
Rare footage of humpback whale birth captured on drone video
The footage is believed to be only the fourth complete humpback whale birth ever recorded on film anywhere in the world and the first-ever captured by drone.
Crime
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At least 6 dead in Thailand high school shooting after suspect kills grandparents
A teenager described as "troubled" by a classmate killed his grandparents before gunning down at least six more people at a school in Thailand, police said.
Cyber scams costing Americans billions
Matt Gutman reports on how he almost fell for a scam involving his bank as more Americans are becoming victims to similar cyber crimes each year.
Concern grows over misuse of Flock cameras
Privacy groups are expressing concerns over Flock cameras, the devices that capture license plates and are often used in criminal investigations. They argue that police may be using them for improper reasons. Mark Strassman reports.
Cambridge professor accused of plagiarism resigns
Jason Arday, who made history as Cambridge's youngest Black professor, has resigned after accusations of plagiarism and fabrications in his biography. Arday has denied any deliberate wrongdoing. Holly Williams has the details.
Young children hit woman with stolen car
Police say two children under the age of 10 stole and crashed their parents' car in Oakland, California, on Thursday, sending a woman and themselves to the hospital. Da Lin reports.
Space
More Space
Most detailed images taken of sun's surface revealed
Researchers were able to peek at the sun's scorching surface with the help of the National Science Foundation's Daniel K. Inouye Solar Telescope, located on the island of Maui in Hawaii.
SpaceX rocket booster slams into moon, creating crater that could be 16 feet deep
The impact wasn't visible to the naked eye, but photos are expected to come from a lunar satellite at a later time.
Russian Soyuz brings three home after 8 months at space station
The Soyuz MS-28 landing in Kazakhstan brought a 241-day stay in space to a successful conclusion.
SpaceX's Super Heavy-Starship blasts off on 13th test flight
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
Meteorite that hit home contains "alien world chemistry," experts say
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
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.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
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Latest CBS News Videos
Cruz calls for Trump to arm Iranian protesters
As the U.S. angles for a deal with Iran, Republican Sen. Ted Cruz told Aaron MacLean on the "School of War" podcast that President Trump should heap more pressure on Iran's regime — including by arming Iranians to "let them overthrow their own government."
61 years since Voting Rights Act was signed
Sixty-one years ago, President Lyndon B. Johnson signed the Voting Rights Act into law, helping advance equal access to the ballot box by banning racial discrimination. Now, court rulings, new election laws and federal policy proposals are renewing questions about voter access. Election law expert and CBS News contributor David Becker has more.
Louisiana officials warn of flesh-eating bacteria
As the summer season continues to bring people to the beach, the Louisiana Health Department warns to take precautions against a potentially fatal flesh-eating bacteria found in warm coastal waters. Officials confirmed nine cases this year and five deaths.
Hall of Fame Game kicks off 2026 NFL preseason
The 2026 NFL preseason kicks off Thursday night as the Carolina Panthers take on the Arizona Cardinals in the annual Hall of Fame Game. Zack Rosenblatt, senior NFL writer for the Athletic, joins CBS News to discuss the game and the upcoming season.
Kids dropping phones for summer jobs
Meet the children leaving their devices behind this summer to flex their entrepreneurial muscles with summer jobs.