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The USPS boosted its revenue through price increases and continued focus on package-shipping, but ended the third quarter with a $1.96 billion loss.
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IBM’s new computer chips can sense, taste, feel, smell and hear like a brain.
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Simple, an online bank, isn’t fulfilling its "worry-free" promise: Some users couldn’t perform any transactions for 24 hours.
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McDonald’s reported its worst monthly calendar-adjusted global same-store sales since early 2003 as it deals with a meat-supplier scandal in China and continued weakness in the U.S.
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In one of the world’s poorest countries, where many women still wear head-to-toe burqas, lavish spending and competition among brides is fueling a boom in shops selling pricey and glamorous dresses.
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Filed under: Government/Legal, Bentley, Cadillac, Chevrolet, Ford, GM, GMC, Luxury
The stiff punishments are part of broader transportation legislation, but clearly McCaskill has automakers in her sights.
Missouri Senator Claire McCaskill threw down the gauntlet this week, proposing a bill that could send auto executives to prison for life if they were found to have delayed a recall. She also wants to eliminate the limit for fines for auto safety violations, which are currently capped at $35 million.
The stiff punishments are part of broader transportation legislation, but clearly McCaskill has automakers in her sights. "Painful recent examples at Toyota and GM have shown us we also must make it easier to hold accountable those who jeopardize consumers’ safety," she said in a statement announcing the bill.
The legislation, if passed, would give more teeth to federal laws and strengthen prosecutors’ ability to pursue offenders. McCaskill, a second-term Democrat, noted that the current law’s criminal provision has never been used by prosecutors. Even Toyota – which was slapped with a record $1.2 billion fine in March in its unintended acceleration case – was technically prosecuted for wire fraud, which allowed for a higher financial penalty than an auto safety violation. The possible life sentence for an executive could come into play if a company delayed a recall for a problem that caused a fatal accident.
Weekly Recap: Auto execs face life in prison for recall delays under proposed legislation originally appeared on Autoblog on Sat, 09 Aug 2014 12:00:00 EST. Please see our terms for use of feeds.
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