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
Eric Swalwell says he will resign from Congress amid sexual assault allegations
"I plan to resign my seat in Congress," Democratic Rep. Eric Swalwell said Monday as he faces an expulsion vote.
Exclusive
Trump won't back down from Pope Leo feud sparked by "60 Minutes" report
President Trump told CBS News senior correspondent Norah O'Donnell that Pope Leo is "wrong on the issues" Monday after lashing out at the pontiff late Sunday in a Truth Social post.
Live
U.S. imposes military blockade on Iranian ports in the Strait of Hormuz
The price of U.S. crude rose to $104.24 a barrel following the blockade announcement and Brent crude oil, the international standard, rose to $102.29.
Texas Rep. Tony Gonzales to step down as he faces expulsion vote
The Texas Republican faces an expulsion vote stemming from his affair with a staffer who later died by suicide.
Brian Hooker released from custody after wife's disappearance in Bahamas
Bahamian police say the search for Lynette Hooker has turned into a search and recovery operation. Her husband has been released after days in custody.
DHS orders thousands of employees back to work despite shutdown
The Department of Homeland Security has ordered thousands of furloughed employees back to work, even as the agency technically remains shut down and unfunded by Congress.
DOJ fires at least 4 prosecutors involved in FACE Act cases during Biden admin.
Among those fired is Sanjay Patel, a longtime federal prosecutor in the Civil Rights Division's criminal section who was placed on administrative leave last month, sources told CBS News at the time.
Trump faces backlash over post depicting him like Jesus
The image was deleted from President Trump's Truth Social account after it had received backlash from conservatives and Christians.
Exclusive
Lynette Hooker told friend in 2024 text: "I can't be out there with him"
Two years before her disappearance, Lynette Hooker temporarily split with her husband Brian, telling a friend, "Our marriage lasted 6 weeks cruising," and "It was bad. I can't be out there with him."
U.S.
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Brian Hooker released from custody after wife's disappearance in Bahamas
Bahamian police say the search for Lynette Hooker has turned into a search and recovery operation. Her husband has been released after days in custody.
U.S. military kills 2 in another alleged drug boat strike in eastern Pacific
The latest strike on an alleged drug-trafficking boat brings the contentious campaign's death toll to at least 170.
Texas Rep. Tony Gonzales to step down as he faces expulsion vote
The Texas Republican faces an expulsion vote stemming from his affair with a staffer who later died by suicide.
Exclusive
Trump won't back down from Pope Leo feud sparked by "60 Minutes" report
President Trump told CBS News senior correspondent Norah O'Donnell that Pope Leo is "wrong on the issues" Monday after lashing out at the pontiff late Sunday in a Truth Social post.
Eric Swalwell says he will resign from Congress amid sexual assault allegations
"I plan to resign my seat in Congress," Democratic Rep. Eric Swalwell said Monday as he faces an expulsion vote.
MoneyWatch
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McDonald's to start selling refreshers and crafted sodas nationwide in May
McDonald's is expanding its cold beverage menu and also plans to introduce energy drinks later this year.
Beef, that all-American food, is getting harder for Americans to afford
The cost of ground beef in the U.S. has soared in recent years and is forecast to jump even further in 2026. What gives?
Roblox introduces age-based accounts amid child safety concerns
The California-based company said it will assign users ages 5 to 8 to a Roblox Kids account and users ages 9 to 15 to a separate account called Roblox Select.
Stocks rally, oil dips below $100 as investors signal hope about Iran war
Despite start of military operations to intercept ships region, investors still expect U.S. and Iran to find an off-ramp.
Nationwide boom in AI data centers stirs resistance
To fuel their artificial intelligence initiatives, tech companies are building massive numbers of AI data centers, with more than 4,000 in operation across the country. But some communities, wary of the environmental and financial implications, are fighting back.
Politics
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U.S. military kills 2 in another alleged drug boat strike in eastern Pacific
The latest strike on an alleged drug-trafficking boat brings the contentious campaign's death toll to at least 170.
Texas Rep. Tony Gonzales to step down as he faces expulsion vote
The Texas Republican faces an expulsion vote stemming from his affair with a staffer who later died by suicide.
Exclusive
Trump won't back down from Pope Leo feud sparked by "60 Minutes" report
President Trump told CBS News senior correspondent Norah O'Donnell that Pope Leo is "wrong on the issues" Monday after lashing out at the pontiff late Sunday in a Truth Social post.
Eric Swalwell says he will resign from Congress amid sexual assault allegations
"I plan to resign my seat in Congress," Democratic Rep. Eric Swalwell said Monday as he faces an expulsion vote.
DOJ fires at least 4 prosecutors involved in FACE Act cases during Biden admin.
Among those fired is Sanjay Patel, a longtime federal prosecutor in the Civil Rights Division's criminal section who was placed on administrative leave last month, sources told CBS News at the time.
HealthWatch
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Pennsylvania town faces fallout from Trump's environmental rule rollback
The Trump administration is ratcheting up attacks on environmental protections that Make America Healthy Again followers hold dear.
Fighting for health care claim approvals
Seventy-three percent of Americans say delays and denials of medical treatment by healthcare insurers are a major problem. Now, a company called Sheer Health says they will fight insurance battles on behalf of their clients.
A teen athlete's headache wouldn't stop. It took a year to find a cure.
Jack Alston was used to migraines, but after two concussions in middle school, he was stuck with a headache that wouldn't go away.
Medicaid work rules will stress states' staffing capacity
Some states already don't have enough staff to quickly process Medicaid applications and answer enrollees' phone calls. Researchers say they may not be prepared to handle new Medicaid work rules, predicting people will lose coverage as a result.
Exclusive
2 more drug companies to officially launch on TrumpRx
Two more drug-making giants, Abbvie and Genentech, will start selling popular medications on the White House's discounted pharmaceutical site as soon as Monday.
World
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U.S. military kills 2 in another alleged drug boat strike in eastern Pacific
The latest strike on an alleged drug-trafficking boat brings the contentious campaign's death toll to at least 170.
Exclusive
Trump won't back down from Pope Leo feud sparked by "60 Minutes" report
President Trump told CBS News senior correspondent Norah O'Donnell that Pope Leo is "wrong on the issues" Monday after lashing out at the pontiff late Sunday in a Truth Social post.
Colombia to kill dozens of "cocaine hippos" linked to Pablo Escobar
The hippos are the descendants of four brought to the country in the 1980s by notorious drug lord Pablo Escobar as he built a private zoo.
Meet Péter Magyar, the man replacing Viktor Orbán as Hungary's prime minister
President Trump has lost his biggest cheerleader in Europe, but he may find common ground with his new counterpart, Péter Magyar.
U.S. territories brace for powerful super typhoon in western Pacific
Super Typhoon Sinlaku is expected to cross the island chain that includes Guam in the western Pacific Ocean with winds of up to 175 mph.
Entertainment
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Entertainment
Inside the creation of "Front Porch Freestyles"
What started off as a simple way to promote music with some impromptu freestyling back in 2017 has turned into a critically acclaimed series showcasing artists big and small. Photojournalist Parrish Smith met the Washington, D.C., artist and crew behind the increasingly popular musical showcase "Front Porch Freestyles."
"Margo's Got Money Troubles" stars on series
Michelle Pfeiffer and Elle Fanning talk with "CBS Mornings" about starring in the new series "Margo's Got Money Troubles." The two discuss what drew them to the project and their characters, and what it's like to work together again.
Britney Spears voluntarily checks into rehab after California DUI arrest in March
Pop star Britney Spears has voluntarily checked into rehab following her DUI arrest in Ventura County in March, a representative for the singer told CBS LA.
4/12: Sunday Morning - The Money Issue
Jane Pauley hosts our annual "Money Issue." Featured: Obstacles to home ownership; fighting health insurance denials; Chinese EVs; opposition to AI data centers; American Girl dolls; skin care mogul Scarlett Johansson; roller coasters; the popularity of bingo!; and is your phone eavesdropping on you?
American Girl: Celebrating girl power
Founded in 1986, American Girl has created dolls, books and accessories that tell the stories of young girls in every American era. On the toy's 40th anniversary, correspondent Faith Salie explores how making history come alive is also creating timeless bonds between generations that celebrate girlhood.
Technology
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Technology
Everyday items born from space exploration
The Artemis II journey around the far side of the moon is a monumental moment for human space exploration, but the mission could also bring back benefits for everyday life here on Earth. Better selfies, comfortable sneakers, basic household appliances and more can all trace their roots straight to NASA. Jarred Hill has a closer look at NASA tech in plain sight.
New warning over AI
Former AI company founder and CEO Matt Shumer joins "CBS Mornings" to break down Anthropic's report about one of its AI models, Claude Mythos Preview. In the report, the company warned the program was "too powerful" to be released to the public and it worried about the program, which is designed to find security flaws in software, falling into the "wrong hands."
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.
Sam Altman voices safety concerns
Sam Altman, the CEO of OpenAI, shared a personal blog post and photo of his family saying, "In the hopes that it might dissuade the next person from throwing a Molotov cocktail at our house, no matter what they think of me," following an attack outside his home last week. Altman suggested the incident was connected to the broader debate over AI, saying, "we should deescalate the rhetoric and tactics."
Nationwide boom in AI data centers stirs resistance
To fuel their artificial intelligence initiatives, tech companies are building massive numbers of AI data centers, with more than 4,000 in operation across the country. But some communities, wary of the environmental and financial implications, are fighting back.
Science
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First major forecast for 2026 Atlantic hurricane season is released
Colorado State University has released its annual Atlantic hurricane forecast, predicting 13 named storms and six hurricanes may develop during the 2026 season.
Creature thought to be world's oldest octopus isn't an octopus after all
Scientists have found evidence that a 300-million-year-old sea creature previously thought to be the world's oldest octopus is actually a nautilus relative.
March smashed heat records in several ways, federal data shows
Last month was the hottest March on record for the Lower 48 states, by the most for any month ever, federal data shows. And a forecast El Niño could heat Earth even more.
Emperor penguins listed as endangered species
The emperor penguin has been declared an endangered species as climate change pushes the icon of Antarctica a step closer to extinction, the global authority on threatened wildlife says.
Stunning photos from Artemis II show Earth, moon, eclipse from space
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
Crime
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Crime
Photos show suspected attacker outside Altman home
Newly released surveillance photos show the suspect accused of throwing a Molotov cocktail at the home of OpenAI founder Sam Altman. CBS News San Francisco anchor Anne Makovec has the details.
FBI searches home of suspect in Altman attack
FBI agents are searching the home of a man suspected of throwing a Molotov cocktail at OpenAI CEO Sam Altman's home. CBS News chief correspondent Matt Gutman has the latest.
Suspect in Molotov cocktail attack at OpenAI CEO's house charged with attempted murder
The 20-year-old suspect is accused of traveling from Spring, Texas, to San Francisco to target OpenAI CEO Sam Altman's home and carry out the attack.
Knife attack that killed 3 girls could have been prevented, U.K. inquiry finds
The attack sparked nationwide riots and was one of the most shocking acts of violence in recent British history.
Swalwell reacts as more allegations emerge
Democratic California Rep. Eric Swalwell is facing more allegations of sexual misconduct. CBS News Sacramento's Julie Watts reports.
Space
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Artemis II astronauts welcomed home to Houston after historic moonshot
The Artemis II astronauts flew back to the Johnson Space Center in Houston Saturday to cheers and applause from family members and hundreds of NASA workers.
9 highlights from Artemis II's epic journey around the moon
The Artemis II crew's nine-day moon mission set a record for the farthest any human has ever traveled from Earth. Here's a look at the key moments.
Artemis II crew splashes down to end historic moon mission
NASA's Artemis II astronauts returned to Earth with a splashdown landing in the Pacific Ocean after making a high-speed reentry through the atmosphere.
How an 8-year-old designed a zero-gravity indicator for Artemis II
The development of the mission mascot and viral sensation Rise began over a year before Artemis II blasted off.
As Artemis II heads back to Earth, crew stakes their lives on the heat shield
Despite problems during the unpiloted Artemis I reentry, the Artemis II crew is confident their heat shield will protect them during a fiery descent to Earth.
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
4/13: The Takeout with Major Garrett
Trump continues to slam Pope Leo over Iran opposition; Eric Swalwell announces he'll resign from Congress.
Brian Hooker released from custody
American Brian Hooker was released from custody Monday night after days of questioning by Bahamian authorities about the disappearance of his wife, Lynette, who's been missing since he says she went overboard while boating more than a week ago. Cristian Benavides reports.
Photos show suspected attacker outside Altman home
Newly released surveillance photos show the suspect accused of throwing a Molotov cocktail at the home of OpenAI founder Sam Altman. CBS News San Francisco anchor Anne Makovec has the details.
Couple's discussion at NBA game goes viral
Late last week a couple caught on camera having a lively conversation at a Pacers-Nets game went viral. Tony Dokoupil has the details.
Resurfaced texts in Lynette Hooker disappearance
CBS News has obtained messages Lynette Hooker sent to a friend in January 2024 that indicate she had concerns about her husband, Brian, and their life at sea. Brian Hooker is currently in custody after Lynette disappeared during a nighttime boat ride with him in the Bahamas. Cristian Benavides has more.