General Motors Is Trying to Limit Lawsuits Over Ignition Defect

Thumbnail

General Motors on Monday filed a motion to limit lawsuits from consumers related to a defect with its ignition system that has prompted a recall of 2.6 million vehicles and has been linked to 13 deaths. The automaker filed the motion in U.S. bankruptcy court to set a bar on lawsuits related to cars it sold before its 2009 bankruptcy. Plaintiffs in a class-action suit against the company over the ignition glitch also filed a motion to declare that GM can't use the bankruptcy to shield itself form such claims. See also: All the Cars Recalled So Far This Year GM argues that after it emerged from bankruptcy protection it became in effect a different legal entity. "New GM's recall covenant does not create a basis for the plaintiffs to sue new GM for economic damages relating to a vehicle or part sold by old GM," the company wrote in a filing in the Bankruptcy Court for the Southern District of New York. The motion doesn't address claims related to accidents, including personal injury and wrongful deaths. Read more... Read more »

Republican Candidate Shoots Drone in Campaign Ad

Thumbnail

Drones are a hot topic these days — but not everyone is a big fan of the idea of having flying robots meander through America's skies Take Matt Rosendale, a GOP House candidate from Montana, who expresses his disdain for flying robots by shooting one with a rifle in his latest campaign ad (embedded below) — making it probably the first-ever anti-drone political ad See also: After 5 Rejections, Apple Accepts App That Tracks U.S. Drone Strikes "This is what I look like from a government drone," Rosendale, who is currently a state senator in Montana, says at the beginning of the video. "And this is what I think about it," he adds as he loads a rifle and shoots it. Read more... More about Surveillance , Us World , Politics , World , and Drones Read more »

72% of Americans Refuse Google Glass Over Privacy Concerns: Report

Thumbnail

The main reason why Americans won't wear Google Glass isn't its high price or the less-than-stellar reputation of some of its users — it's privacy. A recent poll, conducted by market-research firm Toluna, found 72% of Americans cited privacy concerns as the biggest reason for not wanting to wear Glass. See also: How Google Fumbled Glass — and How to Save It Those polled were especially concerned about the possibility of hackers accessing personal data and revealing personal information, including location information, Adweek reported Safety was also a major concern among the 1,000 individuals who participated in the poll. Distractibility was the second-biggest reason cited for not wanting Glass. More than a third of respondents also expressed concerns about being mugged. Read more... More about Google , Gadgets , Tech , and Google Glass Read more »

5 Reasons You Should Care About the GM Recall

Thumbnail

Congress on Tuesday will grill General Motors’ new CEO Mary Barra about a defective ignition switch in the company's cars that's responsible for more than a dozen deaths over the past decade. GM has so far recalled 2.6 million cars as a result of the defect. While much of Tuesday's hearing will focus on problems of the past, it has the potential to change GM's future. Here are five reasons why you should care. 1. Read more »

Toyota: We Lied About Acceleration Glitches, Twice

Thumbnail

The U.S. Attorney's Office fined Toyota $1.2 billion on Wednesday because it lied about two incidents that led to unintended acceleration in its vehicles in 2009 and 2010 The fine, the largest that the U.S. Department of Justice has ever levied against an automaker, is subject to judicial review. The DOJ deferred prosecution against Toyota after the company admitted that it misled U.S. consumers about defective floor mats and sticky pedals. See also: It's Not Just Tesla: Why Dealers Are Wary of Electric Cars “Rather than promptly disclosing and correcting safety issues about which they were aware, Toyota made misleading public statements to consumers and gave inaccurate facts to Members of Congress,” Attorney General Eric Holder said in a press release . Read more.. Read more »

Zuckerberg: The U.S. Government Is a Threat to Internet Security

Thumbnail

Mark Zuckerberg has had it up to here with the United States government The Facebook CEO took to his public profile page Thursday to express his frustrations about the way the U.S. government has handled Internet security in recent months See also: Facebook in 2014: Fighting for Social Supremacy It's a sensitive issue for Facebook, a company under continuous scrutiny regarding privacy issues that most recently came under fire last summer when reports surfaced that Internet companies sent user information to the NSA. Zuckerberg denied the reports at the time and said that the claims were harming Facebook's reputation among its users Read more... More about Mark Zuckerberg , Barack Obama , Internet Security , Prism , and Facebook Read more »

EU May Ban American Cheese From Using European Names

Thumbnail

The European Union and the U.S . government are locked in trade talks over cheese — specifically, varieties such as Gorgonzola, feta, Muenster and Parmesan. The EU wants to ban the use of European names for American-made cheeses as they cut into the sales and identity of the original, European cheeses. The EU argues that "Parmesan" should be used only for cheeses made in Parma, Italy. And while "feta" isn't a place in Greece, the cheese is so uniquely tied to a Greek identity that the EU argues only cheese from that country should be distinguished with the name. Read more »

Japan Decides Bitcoin ‘Isn’t a Currency’

Thumbnail

Bitcoin took a further step away from legitimacy Friday when Japan's cabinet approved a document saying the popular cryptocurrency is not, in fact, a currency and banks should not provide it as a product to customers. The move puts Bitcoin outside the purview of Japan's Financial Services Agency, which had also previously ruled that Bitcoin is a commodity, rather than a currency. The statements come on the heels of the massive collapse of the Tokyo-based Bitcoin exchange Mt. Gox, which resulted in the loss of nearly half a billion dollars last week. See also: Bitcoin Exchange Mt. Gox Files for Bankruptcy Read more... More about World , Japan , Business , Bitcoin , and Cryptocurrency Read more »

$10 Million Mystery: Was Walter Dimmick the Gold Coin Fall Guy?

Thumbnail

Buried for more than a century, 1,400 gold coins have, since their unveiling almost two weeks ago, captivated people around the globe. Even more mysterious, the middle-aged California couple who discovered the eight decaying tin cans full of gold remain anonymous. Are they hucksters, pulling a “Jimmy Kimmel” on the numismatic world, or regular people with astounding luck? The tale grew even more curious as we discovered that $30,000 worth of similar gold coins had been stolen from the U.S. Mint in San Francisco in 1901 Soon we were all playing a game of whodunit There are still many questions about these coins, which will likely sell for millions of dollars later this year. Are they stolen goods, or simply the contents of frontiersman's dirt? Read more »

10 Wicked Cool Boston Startups You Should Know

Thumbnail

If someone asks you to name a U.S. city associated with tech startups, chances are you'll start your list with San Francisco or New York, but probably not Boston. It's the city where Facebook and Dropbox were born. It's a city with top universities like Harvard and MIT, and one of the highest rates of venture capital investment in tech companies. And it's a city whose reputation for tech is frequently overshadowed by others. Read more »