3. 2 . Our road map begins with a 7,000 fine, every single day, thats what gm is paying because the Company Still has not provided enough answers about its ignition switch recall. Its not the only bad headline for gm this morning. More on that. Earnings season is officially under way after alcoa reported its results after the bell. What can the aluminum maker tell us about the rest of the quarter . We will have some answers. Instead of running from facebook, companies are willing to pay a lot more to advertise on the social network. But is that good news for the companys stock . First up, though, some tough news for the auto sector. Toyota recalling more than 6 million vehicles after uncovering five different faulting involving parts ranging from steering to seats and nhtsa fining gm 7,000 a day for missing last weeks deadline to provide information about its recall for defective ignition switches. Morgan stanley cutting gm to underweight today, 33 target, guys, and what is a tough not
European finance minister are close to a deal that would allow them to wind down failing banks, pave the way for the creation of an eu Banking Union. Praising greek reforms as the finance minister tells cnbc the country will regain Market Access as early as next year. As we often perform the target for this year, the same will happen next year. I think now we have proven our goal. And the era of on government motors draws to a close. The u. S. Government sells its remaining stake in gm four years after the automakers bailout. Announcer youre watching Worldwide Exchange, bringing you business new from around the globe. Welcome to todays program. We will bring you shots and pictures from Nelson Mandelas Memorial Service throughout the program today. We are just over an hour into the european session. Equities are a little firmers, advancers trying to outpace decliners by six to four at the moment. Yesterday, the ftse was just up 7 points. We had slim gains for the u. S. Market. The s p s
Beneath these sand dunes lie 18 billion barrels of oil, more than four times the proven reserves of alaska. And its costing billions and billions to tap into it. With all the talk about kicking our addiction to foreign oil, the kingdom of saudi arabia is doing everything it can to keep the oil age going. Let me be blunt is it your hope to prevent a switch away from oil . Somebody said the country is the oil business. I mean, you absolutely need to do this for your own survival. And whats wrong with that . [ticking] when the u. S. Oil companies came here in the 40s and 50s, the americans moved into the area with their families and developed it to suit their tastes and their way of life. They created a replica of american suburbia. Today you could be in the outskirts of houston or los angeles. Its almost like its an enclave within saudi arabia. Itsdifferent from the rest of the country. Yes, thats true, because very different. It kept a lot of the american ways. Yes, of course. But block
Profits that they make from their wrongdoing and we have the power in the appropriate case to bar someone from the securities industry so they cant live another day to defraud again. Speech treasury secretary jack lew says russia must be held accountable for its incursion in the ukraine and the is considering a wide range of options. His comments came during testimony before the Senate Finance committee on the president s 2015 budget request. This was the senators he replaced former senator max baucus who is now the ambassador to china. This is a little more than two hours. [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] good morning to all and the committee will come to order. Before we begin today i want to assure everyone that you did not accidentally walk into a meeting of the energy and Natural Resources committee which i used to chair. Our friend m
Should be made public. Ive written to the acting secretary, sloan gibson, urging that he make public those facetoface audits of v. A. Medical facilities not only for connecticut, but for the whole country. Restoring trust and credibility will be achieved only if theres more transparency. Nondisclosure would be a bad way to begin a new era of leadership at the v. A. And full transparency is absolutely vital to help restore trust and confidence which has been so gravely threatened and indeed undermined. Finally, let me say about secretary shinseki, the immediate challenge is not about replacing one person. It is about fixing a system that is desperately wrong. I respect and deeply so secretary shinsekis decision to resign last week after concluding that his continued service would be a distraction from the urgent and necessary overhaul of the veterans administration. I respect even more his dedicated service to our nation. He is a decorated combat veteran who has led into battle many of