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¡¡¡¡Volkswagen has been fined another €800 million (6 million) over its diesel emissions scandal, this time because of failings at its Audi subsidiary.Volkswagen said Tuesday it accepted the fine imposed by German prosecutors, waving its right to appeal. It said the penalty would hit earnings this year."As a negative special item, [it will] reduce the group earnings for fiscal year 2018 accordingly," it said in a statement.The penalty by Munich prosecutors is just the latest consequence of the scandal that emerged in 2015 and initially wiped out billions off the company's value.Volkswagen admitted cheating on clean air rules with software that made emissions look less toxic than they actually were.The fine concludes the Munich prosecutors' investigation into the company. However, probes into executives, including Audi's former CEO Rupert Stadler, continue, the prosecutors said.The €800 million fine comprises a €5 million penalty for administrative offenses, the maximum allowed under German law.On top of that, prosecutors ordered Volkswagen to repay €795 million they said the company made from the cheating. The prosecutors said this included profits from the sales of affected vehicles.In this case, the diesel emissions cheating affected nearly 5 million cars sold by the Volkswagen group in Europe and the United States, prosecutors said. Specifically, it concerned V6 and V8 diesel engines manufactured by Audi and installed in Audi, Volkswagen and Porsche brands, and Audi vehicles equipped with EA 189 and EA 288 engine made by Volkswagen.Shares in Volkswagen (VLKAF) and Audi (AUDVF) were trading higher on Tuesday. Volkswagen stock is down 11 percent so far this year. 1699
¡¡¡¡WASHINGTON (AP) ¡ª A new study finds climate change is making stronger El Ninos, which change weather worldwide and heat up an already warming planet.Scientists looked at 33 El Ninos since 1901. This natural weather phenomenon is the warming of equatorial Pacific that triggers weather extremes across the globe.Since the 1970s, scientists have found El Ninos are forming farther to the west in warmer waters.Researchers led by the University of Hawaii say this leads to some stronger El Ninos.This is important because El Nino ¡ªespecially strong ones ¡ª can trigger drought in some places, like Australia and India. And it can cause flooding in other areas like California.The study is in Monday's Proceedings of the National Academy of Sciences. 753
¡¡¡¡WASHINGTON ¡ª The head of an obscure federal agency that is holding up Joe Biden's presidential transition knew well before Election Day that she might have a messy situation on her hands. Prior to Nov. 3, General Services Administration director Emily Murphy held a Zoom call with the man who was in her shoes 20 years earlier during the contested 2000 election between George W. Bush and Al Gore. Seventy-seven-year-old Dave Barram says he gave Murphy some simple advice, telling her, ¡°If you do the right thing, then all you have to do is live with the consequences of it.¡±However, Murphy finds herself in a much different position than Barram did in 2000. It's been 10 days since President-elect Joe Biden was projected to win Pennsylvania, giving him the 270 electoral college votes to claim the presidency.Though the outcome of the election is clear, Murphy has not yet certified Biden as the winner as President Donald Trump's campaign has filed a bevy of lawsuits ¡ª a move that has delayed the official transition of power and which has held up funds that could ease the process.In an address on Monday, President-elect Joe Biden warned that continued delay in beginning the official transition process could lead to lost lives, especially amid the COVID-19 pandemic.¡°More people may die if we don¡¯t coordinate,¡± Biden said Monday.While most Republicans have followed in the footsteps of Trump and Murphy and refused to recognize Biden as president-elect, a small group within the GOP is becoming more vocal in calling on the President to concede.Sen. Susan Collins, R-Maine, a moderate member of the GOP, says that continued delay in the transition of power could hamper the government's efforts in distributing a potential COVID-19 vaccine.¡°It is no easy matter,¡± Collins said of distributing vaccines. ¡°It¡¯s absolutely imperative for public health, that all of the planning that¡¯s gone on for which the current administration deserves credit, be shared with the new administration.¡±So far, the lawsuits filed by the Trump campaign have not affected the outcome of the presidential race in any way. On Sunday evening, the campaign dropped a key portion of its lawsuit in Pennsylvania that sought to overturn hundreds of thousands of ballots on the basis of a lack of poll watchers. Instead, the campaign is choosing to focus on the issue of ballot curing, which they allege gave an unfair benefit to Democrats ¡ª despite the fact that the process likely did not effect enough ballots to overturn the election. 2526
¡¡¡¡Walmart, America's largest grocery, will deliver supermarket items to 40% of the nation's homes by the end of the year.Currently, Walmart only delivers online grocery orders to six markets, but it said it plans to expand to 100 different markets by the end of this year.The Walmart delivery service costs .95 per order and requires a minimum purchase.Until now Walmart has primarily offered quick pick-up of online grocery orders at its stores. But it is facing competition for online delivery of grocery purchases.Amazon is also making a big push into same-day grocery deliveries. Last year it purchased Whole Foods for .7 billion, giving it a much bigger network of brick-and-mortar grocery stores.In February Amazon unveiled free two-hour delivery of Whole Foods purchases for Prime members in four markets - Austin, Cincinnati, Dallas and Virginia Beach. It said it would expand that service to every Whole Foods by the end of the year.Target in December announced a 0 million purchase of Shipt. Target said at that time it would bring same-day delivery to about half of its stores by early this year.And Sam's Club, the wholesale club arm of Walmart, announced a partnership with Instacart two weeks ago that offers same-day delivery on groceries and household essentials in three markets: Austin, Dallas-Fort Worth, and St. Louis. It also announced a plan earlier this month to bring meal kits to thousands of its stores.Online purchases account for only a small fraction of overall grocery purchases, but that share of the market is growing.The-CNN-Wire 1580
¡¡¡¡Warner Bros. is fast-tracking "Wonder Woman 3" after "Wonder Woman 1984" made .7 million in theaters opening weekend in the United States during the coronavirus pandemic.The newest movie, which debuted in theaters and streamed on HBO Max on the same day, exceeding box office projections during the coronavirus pandemic, Warner Bros. said in a statement.The third movie will be written and directed by Patty Jenkins and will again star Gal Gadot."As fans around the world continue to embrace Diana Prince, driving the strong opening weekend performance of Wonder Woman 1984, we are excited to be able to continue her story with our real-life Wonder Women ¨C Gal and Patty ¨C who will return to conclude the long-planned theatrical trilogy," said Toby Emmerich, Chairman, Warner Bros. Pictures Group, in the statement.Although Warner Bros. did not share how many viewers watched on HBO Max, they did say that nearly half of the platform's subscribers viewed the movie on its first day on the streaming platform.Internationally, the movie grossed million. 1066