Volkswagen shares were slammed today, after the embattled German automaker said it understated the fuel consumption of 800,000 cars sold in Europe and it could cost another $2.2 billion. (AP)
Japan's Takata faces a Transportation Department fine of $200 million for lapses in its recall of faulty airbag inflators. Separately, Honda and Acura won't use Takata inflators in new vehicles. (CNBC & WSJ)
Groupon (GRPN) shares were about 25 percent lower in premarket trading, after missing on revenue and warning on outlook. Co-founder Eric Lefkofsky is leaving as CEO and returning to the role of chairman.
Struggling hardwood flooring retailer Lumber Liquidators (LL) appointed board member John Presley as chief executive, replacing founder and acting CEO Thomas Sullivan. (Reuters)
San Francisco voters on Tuesday defeated a controversial ballot measure to curb short-term home and apartment rentals, handing a victory to companies such as Airbnb. (Reuters)
In a major setback to marijuana legalization nationwide, Ohio voters have rejected a sweeping ballot initiative that would have ended pot prohibition in the Buckeye State.