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
Live
U.S., Iran trade more strikes as Trump threatens to "militarily complete the job"
The U.S. carried out a new round of strikes Sunday local time in response to "Iranian aggression against commercial shipping," CENTCOM says.
Venezuela death toll rises as search for earthquake survivors continues
Venezuelans have taken the search for missing loved ones into their own hands, citing a scarcity of government rescuers.
Letlow wins Louisiana GOP Senate runoff, AP projects
Louisianans voted Saturday in the state's Republican Senate runoff, as two candidates vied to replace Sen. Bill Cassidy, who did not receive enough votes in the primary to advance.
Trump nominates former Oklahoma trooper Lance Schroyer to be ICE director
President Trump on Saturday said he has nominated Lance Schroyer to be the next director of U.S. Immigration and Customs Enforcement.
Germany, Denmark, Switzerland hit heat records as Europe sizzles
Germany hit a high of 106 degrees on Saturday, according to the country's national weather service.
Second Dan Sullivan eligible for ballot in Alaska Senate race, judge rules
A man with the same name and party affiliation as Alaska Republican U.S. Sen. Dan Sullivan is eligible to challenge the senator in the August primary, a judge ruled Friday.
How much water does AI really use?
The heaviest demand on America's water supply isn't data centers or AI. It's from everyday uses such as growing food, watering lawns and flushing toilets.
Historian retraces Underground Railroad to mark America's 250-year journey
Anthony Cohen has spent his life bringing attention to the Underground Railroad, secret routes once used by enslaved people seeking freedom.
Michigan parents charged with murder after boy found to be 250+ pounds
Two Flint Township, Michigan, parents, are facing several charges, including second-degree murder, in the death of their 7-year-old son, who was 255 pounds and abused and neglected, according to the Genesee County prosecutor.
U.S.
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Detective believes 6-year-old's mother was killed in next room while he slept
For most of his life, Reggie Reed has wondered who murdered his mother Selonia Reed decades ago in Hammond, Louisiana. A fresh look at the evidence ultimately implicated the man he called his "rock" — Reginald Reed Sr., the man who lovingly raised him.
4 dead in Kentucky after heavy rain and floods, governor says
Four people have died due to flooding from thunderstorms in Kentucky, Gov. Andy Beshear said Saturday, and he issued a state of emergency with additional rainfall expected.
Historian retraces Underground Railroad to mark America's 250-year journey
Anthony Cohen has spent his life bringing attention to the Underground Railroad, secret routes once used by enslaved people seeking freedom.
Second Dan Sullivan eligible for ballot in Alaska Senate race, judge rules
A man with the same name and party affiliation as Alaska Republican U.S. Sen. Dan Sullivan is eligible to challenge the senator in the August primary, a judge ruled Friday.
Trump nominates former Oklahoma trooper Lance Schroyer to be ICE director
President Trump on Saturday said he has nominated Lance Schroyer to be the next director of U.S. Immigration and Customs Enforcement.
MoneyWatch
More MoneyWatch
Gadget prices have fallen for decades. Then AI happened.
The race to build AI data centers is leading to a global shortage of memory chips, driving up the cost of personal electronics.
Trump vows immediate 100% tariff if countries levy digital services tax
Countries that tax U.S. companies offering digital products and services would immediately face a 100% tariff on their exports to the U.S., President Trump said.
Nude portrait by Amedeo Modigliani sets record at auction
The Modigliani painting "Nu assis au collier" (Seated Nude Wearing a Necklace) sold for $63.9 million, the highest price achieved for a work by the artist sold at auction in Europe, Sotheby's said.
Apple and Microsoft are raising their prices as chip costs soar
Apple is raising the prices of some MacBooks and iPads, while Microsoft is raising Xbox prices as semiconductor costs surge.
Big Tech is spending trillions on AI. Investors want proof it'll pay off.
Technology companies are betting trillions of dollars that consumers will open their wallets for AI services. But what if Big Tech is wrong?
Politics
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Second Dan Sullivan eligible for ballot in Alaska Senate race, judge rules
A man with the same name and party affiliation as Alaska Republican U.S. Sen. Dan Sullivan is eligible to challenge the senator in the August primary, a judge ruled Friday.
Letlow wins Louisiana GOP Senate runoff, AP projects
Louisianans voted Saturday in the state's Republican Senate runoff, as two candidates vied to replace Sen. Bill Cassidy, who did not receive enough votes in the primary to advance.
Buttigieg targeted by fake report to child protective services
Michigan State Police said law enforcement and Child Protective Services confirmed a report against Pete Buttigieg was unsubstantiated and false.
U.S. strikes targets in Iran after drone attack on cargo ship
The U.S. military says it hit Iranian targets over Iran's drone attack on a commercial vessel in the Strait of Hormuz, marking the first American strikes on Iran since the two countries formally agreed to extend a ceasefire last week.
Trump vows immediate 100% tariff if countries levy digital services tax
Countries that tax U.S. companies offering digital products and services would immediately face a 100% tariff on their exports to the U.S., President Trump said.
HealthWatch
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Mom gets answers after fighting for diagnosis: "Something's wrong"
Michelle Williams struggled with high blood pressure and swelling for years before she was finally diagnosed with an unusual condition.
Internal emails show how RFK Jr.'s team sought to sway the CDC
A trove of emails offers a new look at how the Centers for Disease Control and Prevention navigated some of the most controversial decisions of President Trump's second term.
Chris Evert announces her ovarian cancer has returned
American tennis legend Chris Evert announced that her ovarian cancer had returned in a social media post Thursday.
Democrats to propose bill capping out-of-pocket Medicare costs for enrollees
Some Senate Democrats want to cap the amount beneficiaries in traditional Medicare have to pay toward care, but the move is expected to draw GOP opposition for potentially adding billions to Medicare costs.
Medicare's AI push snarls patients and doctors in errors and delays
Medicare is testing the use of artificial intelligence to preapprove several healthcare services.
World
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Germany, Denmark, Switzerland hit heat records as Europe sizzles
Germany hit a high of 106 degrees on Saturday, according to the country's national weather service.
Dissident who fled China by boat arrives in Canada, his friend says
Dong Guangping landed in Toronto following an Air Canada flight on Friday, his friend said.
Venezuela death toll rises as search for earthquake survivors continues
Venezuelans have taken the search for missing loved ones into their own hands, citing a scarcity of government rescuers.
U.S. strikes targets in Iran after drone attack on cargo ship
The U.S. military says it hit Iranian targets over Iran's drone attack on a commercial vessel in the Strait of Hormuz, marking the first American strikes on Iran since the two countries formally agreed to extend a ceasefire last week.
Convicted rapist who faked death and fled U.S. has died
Nicholas Rossi, 38, was serving at least 10 years in prison in Utah following his convictions in 2025 in two sexual assault cases.
Entertainment
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Entertainment
Speculation grows over Swift-Kelce wedding
Sources in City Hall say an application has been filed for an event in and around Madison Square Garden on Friday for 999 people, as speculation about Taylor Swift and Travis Kelce's wedding grows. Ali Bauman reports.
The voice behind your favorite cartoon characters
Jeff Bergman, who voices nearly all of the modern Looney Tunes cast, sits down with "CBS Saturday Morning" to talk about stepping in for Don Rickles as Mr. Potato Head in "Toy Story 5."
Kevin Morby performs "Javelin"
Kansas City-based singer-songwriter Kevin Morby has been likened to Bob Dylan and Tom Petty, with his rich, soulful lyrics across eight studio albums. His latest album, "Little Wide Open" was produced by The National's Aaron Dessner. Here's Kevin Morby performing "Javelin."
Kevin Morby performs "Badlands"
Kansas City-based singer-songwriter Kevin Morby has been likened to Bob Dylan and Tom Petty, with his rich, soulful lyrics across eight studio albums. His latest album, "Little Wide Open" was produced by The National's Aaron Dessner. Here's Kevin Morby performing "Badlands."
Kevin Morby performs "100,000"
Kansas City-based singer-songwriter Kevin Morby has been likened to Bob Dylan and Tom Petty, with his rich, soulful lyrics across eight studio albums. His latest album, "Little Wide Open" was produced by The National's Aaron Dessner. Here's Kevin Morby performing "100,000."
Technology
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Technology
California creates AI job trend tracker
California now has the nation's first dashboard to publicly track artificial intelligence-related job trends, ones created and ones lost. As of now, early findings show no evidence of rising statewide unemployment from jobs exposed to AI. Till von Wachter, a faculty director of the California Policy Lab at UCLA, joins "The Takeout" to discuss.
Gadget prices have fallen for decades. Then AI happened.
The race to build AI data centers is leading to a global shortage of memory chips, driving up the cost of personal electronics.
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.
Apple, Microsoft announce price hikes
Apple and Microsoft announced they're hiking prices for some electronic products, including computers and XBOX consoles, citing a shortage of memory chips. CNET editor-at-large Scott Stein weighs in.
How much water does AI really use?
The heaviest demand on America's water supply isn't data centers or AI. It's from everyday uses such as growing food, watering lawns and flushing toilets.
Science
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Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Ancient Egyptian burial site reveals centuries of changing traditions
Human and animal remains unearthed in Egypt's Nile Delta reveal changing funerary practices over some 600 years, and the evolution of a key site itself.
Telescope snaps most detailed photo yet of Milky Way's heart
Euclid is on a mission to chart one-third of the sky in the hopes of shedding light on the enduring mysteries of dark matter and dark energy.
Interstellar comet may be oldest object ever seen in solar system
Exactly where the comet 3I/ATLAS came from within the Milky Way remains a mystery.
6/21: Sunday Morning
Hosted by Lee Cowan. Featured: Birthright citizenship; the Theodore Roosevelt Presidential Library unveiled; Shooter Jennings releases recordings by his father, Waylon Jennings; comedian John Mulaney; childhood obesity; and the secrets of seahorses and seadragons.
Crime
More Crime
Detective believes 6-year-old's mother was killed in next room while he slept
For most of his life, Reggie Reed has wondered who murdered his mother Selonia Reed decades ago in Hammond, Louisiana. A fresh look at the evidence ultimately implicated the man he called his "rock" — Reginald Reed Sr., the man who lovingly raised him.
Michigan parents charged with murder after boy found to be 250+ pounds
Two Flint Township, Michigan, parents, are facing several charges, including second-degree murder, in the death of their 7-year-old son, who was 255 pounds and abused and neglected, according to the Genesee County prosecutor.
Billionaire Leon Black testifies on Epstein
Billionaire Leon Black testified before the House Oversight Committee on Friday. After Black ended the interview, the committee issued two subpoenas. Democratic Rep. Suhas Subramanyam of Virginia, a member of the House Oversight Committee, joins "The Takeout" to discuss this and the U.S. strike on Iran.
Minnesota fraud suspect arrested in Somalia after 4 years on the run, officials say
Abdikerm Eidleh, accused of playing a key role in the Feeding Our Future fraud scheme, was arrested in Somalia after more than four years, federal officials said.
Mistrial ruled in Palisades Fire arson case
A judge declared a mistrial in the case against a man accused of starting a fire that grew into the deadly 2025 Palisades Fire. The jury was deadlocked during deliberations. CBS News Los Angeles has more.
Space
More Space
Astronomers find 2 gigantic planets lighter than cotton candy
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
Telescope snaps most detailed photo yet of Milky Way's heart
Euclid is on a mission to chart one-third of the sky in the hopes of shedding light on the enduring mysteries of dark matter and dark energy.
Interstellar comet may be oldest object ever seen in solar system
Exactly where the comet 3I/ATLAS came from within the Milky Way remains a mystery.
Researchers find "Pink Planet" has salty clouds: "We were very surprised"
The "Pink Planet," formally known as GJ504b, was discovered in 2013 and is technically not a planet but rather a "planetary-mass companion."
NASA chief defends choice of all-male crew for Artemis III mission
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
Latest Galleries
More Latest Galleries
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.
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.
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
More Latest CBS News Videos
Latest CBS News Videos
6/27: CBS Weekend News
High winds and heat are fueling Utah's out-of-control wildfires; Iranian drones target Bahrain after U.S. strikes Iran.
The Day My Mother Never Came Home
Did a father use his 6-year-old son as an alibi for murder? A son grapples with his parents' troubled past. "48 Hours" contributor Vladimir Duthiers reports.
Speculation grows over Swift-Kelce wedding
Sources in City Hall say an application has been filed for an event in and around Madison Square Garden on Friday for 999 people, as speculation about Taylor Swift and Travis Kelce's wedding grows. Ali Bauman reports.
Rescue workers dig for survivors in Venezuela
Rescuers are in a race against time in Venezuela to save survivors of the earthquakes that hit nearly three days ago. Rescue workers from Virginia and California have arrived to help. Camilo Montoya-Galvez reports.
Major wildfires burn across western U.S.
Several major wildfires burned across the western U.S. this weekend. Utah declared a state of emergency as scorching heat fueled the flames. Adam Yamaguchi reports and Andrew Kozak has the forecast.