A US court has approved one of the biggest corporate settlements on record forcing German carmaker Volkswagen to pay $14.7 billion over the diesel emissions scandal. Under the settlement, Volkswagen (VW) agrees to spend up to $10 billion on buybacks and owner compensation. An additional $4.7 billion will go to programs to offset excess emissions… Continue reading [BRAND]#FAIL: VOLKSWAGEN HAS AGREED TO PAY $14.7 BILLION ON DIESELGATE SCANDAL, FACES ANOTHER €8.2BILLION LAW SUIT FROM INVESTORS!
Samsung is putting a stop to the production of its Galaxy Note 7 smartphone as fears spread that even replacement versions of the device can explode. Production of the phone has been temporarily suspended, a person familiar with the matter told sources today. The announcement is the latest in a string of embarrassing setbacks for… Continue reading [BRANDS] #FAIL: SAMSUNG IS FINALLY STOPPING THE PRODUCTION OF GALAXY NOTE 7!
Shortly after a successful campaign at the Rio 2016 Olympics, Samsung is recalling millions of the new Galaxy Note 7 worldwide over battery problem. Reports have it that the devices can catch fire while charging. The Note 7 was unveiled just a month ago, and arch rival Apple (AAPL, Tech30) is expected toshow off its… Continue reading [BREAKING!] #OOPS: SAMSUNG IS RECALLING ALL GALAXY 7 NOTES. FIND OUT WHY: