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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

Voters in Idaho, Nebraska, Oregon and Pennsylvania head to the polls Tuesday and the outcomes will help clarify the ever-evolving midterms picture.The winners in the Pennsylvania primaries will set up some tough races in newly drawn districts that could determine control of the House of Representatives next year. Democrats hope to nominate a moderate candidate in Nebraska that could flip a seat, while an Idaho House Republican is trying to avoid a similar fate to his losing colleagues in Indiana and West Virginia. 527

Walmart and Target are being sued for allegedly selling toys with lead levels up to 10 times more than the federal limit of 100 parts per million, New York Attorney General Barbara D. Underwood announced on Thursday. According to a statement released by Underwood's office, the AG's office was able to find Cra-Z-Jewelz jewelry-making kits from stores. The kits allegedly contained lead at levels of 120 to 980 parts per million. The Attorney General's office had further independent testing done to confirm the results. The toy's maker, LaRose Industries, which is also a plaintiff in the New York lawsuit, issued a national recall. Underwood's office is accusing Walmart, Target and LaRose of "repeated illegality and fraud under New York State law by committing thousands of violations of state law prohibitions on importing, distributing, and selling hazardous toys; deceiving consumers; and false advertising."Underwood's office is seeking civil penalties of  to ,000 for each Cra-Z-Jewelz kit the companies sought to sell in the state.¡°No parent should have to worry that their child¡¯s toy may be toxic. As we allege, these companies imported and sold toys with dangerous levels of toxic lead ¨C jeopardizing the health of New York¡¯s children and breaking the law,¡± Underwood said in a statement. ¡°Our lawsuit seeks to hold these companies accountable for the failures that allowed lead-contaminated toys on store shelves, while forcing them to take responsibility for the safety of the products they sell.¡±The suit also seeks to force the companies to adhere to higher quality control standards to prevent toys with high lead levels from being purchased. The CDC says that lead in children's blood has been shown to affect IQ, ability to pay attention, and academic achievement. The CDC added that children under the age of 6 years old are at most risk of lead poisoning.  1936

WASHINGTON ¡ª A group of prominent Christians from both sides of the aisle, including a past faith adviser to former President Barack Obama, is forming a political action committee designed to chip away at Christian support for President Donald Trump. The new super PAC is called Not Our Faith. It plans to roll out six-figure TV and digital ads focused on Christian voters, particularly the evangelical and Catholic voters who helped power Trump to victory in 2016. Its first digital ad in Michigan and Pennsylvania takes sharp aim at Trump¡¯s claim to a foothold with Christians. The ad was shared with The Associated Press before its release. 651

WASHINGTON ¡ª The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago. The IMF predicts that the global economy will shrink 4.9% this year, significantly worse than the 3% drop it had estimated in its previous report in April. It would be the worst annual contraction since immediately after World War II. For the United States, the IMF predicts that the nation¡¯s gross domestic product ¡ª the value of all goods and services produced in the United States ¡ª will plummet 8% this year, even more than its April estimate of a 5.9% drop. 683