Carol we are here with the editorinchief megan murphy. In the business section, we take a look at japanese manufacturers, long felt in all held in awe for their practices but those practices now in question. Megan a steel manufacturer has been showing to use falsified specifications and companies that they had products that they have shipped. The scandal has drawn up, this broader issue in recent years, going back to olympus. We have had these Japanese Companies rocked by abuse scandals and what mystery delves into is what are the pressures on these manufacturing companies. The backbone of the country. Why are they being forced into these kinds of scandals . What is the pressure . And the answer is tried up. Julia four cost answer is china. Julia for cost reasons but also for whistleblower laws. Megan every scandal at a Japanese Company when it breaks, we are familiar with the public apology and public humiliation, Company Officials bowing and being contrite. It is such a part of the c
For their practices but those practices now in question. Megan a steel manufacturer has been showing to use falsified specifications and companies that they had products that they have shipped. The scandal has drawn up, this broader issue in recent years, going back to olympus. We have had these Japanese Companies rocked by abuse scandals and what mystery delves into is what are the pressures on these manufacturing companies. The backbone of the country. Why are they being forced into these kinds of scandals . What is the pressure . Answer is china. Julia for cost reasons but also for whistleblower laws. Megan every scandal at a Japanese Company when it breaks, we are familiar with the public apology and public humiliation, Company Officials bowing and being contrite. It is such a part of the culture that when you make a mistake you will not do it in your almost never heard from again. Executives are pushed out and the whistleblower law is vetted to this because people feel more dutybo
Manufacturers, long felt in all for their practices but those practices now in question. Megan a steel manufacturer has been showing to use falsified specifications and companies that they had products that they have shipped. The scandal has drawn up, this broader issue in recent years, going back to olympus. We have had these Japanese Companies rocked by abuse scandals and what mystery delves into is what are the pressures on these manufacturing companies. The backbone of the country. Why are they being forced into these kinds of scandals . What is the pressure . Answer is china. Julia for cost reasons but also for whistleblower laws. Megan every scandal at a Japanese Company when it breaks, we are familiar with the public apology and public humiliation, Company Officials bowing and being contrite. It is such a part of the culture that when you make a mistake you will not do it in your almost never heard from again. Executives are pushed out and the whistleblower law is vetted to this
Company owned by one of his friends. And if youre heading to the airport today, tomorrow, on or any time soon, you better pack your patients and plan to get there early. Why those long lines may have you waiting for hours. And what if anything is being done about it . David we have an answer to that. But back to the selloff on wall street is investors being spooked on this friday the 13th. The dow hitting a onemonth low today. You are looking at a sea of red in the dow. 30 with just four companies in the green, intel, pfizer, and travelers. And apple trying desperately to make a comeback. Adam shapiro has more on whats moving the markets from the floor of the new york stock exchange. Hi, adam. Hey, david, going into the close, we were what . 705 to sell. So there were some Market Movers who wanted to get out as we headed into the weekend. And one thing that as you speak to the traders, talking about the sell i just dont of on the dow was the fact that theyre getting ready for that june
Official, he will have direct access to highly secret intelligence information but can he be trusted . Lieutenant colonel ralph peters. Liz claman at the salt session. She wrapped up a talk with mark mobius. We will have her exclusive interview with him. And about all the turmoil in brazil. Liz chatting with the former president of mexico, Felipe Calderon, the drug trade and were less less than an hour from the closing bell. Im Ashley Webster in for liz claman. Lets start the countdown. We just told you the markets are selling off into the close. The dow hit a onemonth low. All the major averages on track to end the week in the red. This will be the third week in a roy for the dow and s p 500 i with nasdaq on track for its fourth straight losing week. A lot of red out there. Apple taking a shot at uber, falling to twoyear low yesterday, still above the 19 mark. The tech giant investing in one billion in chinese ridehailing service. Other ininvestors alibaba and 10cent. The reason behin