Make you pay more for your coverage. But the new approach could be hazardous to your wealth. All that the and more tonight on nightly Business Report for friday, may 16th. Good evening, everyone, the bad news for General Motors got even worse today. Federal transportation officials slapped the automaker with a 35 million fine. The biggest allowed by law. For failing to act quickly enough to recall millions of cars with faulty ignition switches that were linked to transportation deaths. The transportation secretary said that gm broke the law by waiting too long to order that recall even though it knew about the switch problem. What we cannot tolerate, what we will never accept is a person or a company that knows danger exists and says nothing. Literally, silence can kill. In a statement, General Motors said quote, we have learned a great deal from this recall. We will now focus on the goal of becoming an Industry Leader in safety. Phil lebeau is with us now with more on General Motors a
Fruition. We have a huge business in asia growing thats probably the single largest opportunity over the next decade or so. We intend to lead that market like we do in so many others. But again i come back to the point that its likely that a lot of those countries a number of those will give agreements with or without us if we dont get tpp done and we will be looking at a market that we ought to compete with. Theres another 1i will move to africa because im kind of passionate about this. We watched the chinese really take over africa. They come in with their own financing and engineering, sometimes their own workers to take over Minerals Come extraction, hydroelectric power across africa. And i feel we can do better in this country and i know that is on your agenda and all of our agenda but i am so pleased to hear the crossover between commerce and state because that is what we really need. That is what china and others do so well when they work on the market they combine all of their
Slapped on surveillance camera. The 17yearold Francisco Martinez of Oakland High School describing this. An incident caught on School Surveillance may 19th, showing the wheelchair bound martinez apparently being roughed up by the School Security officer. I just want to see justice to happen i dont think its fair for this event to occur in a school where im supposed to be coming in safe. These are the foos that show a black eye from the attack. Martinez, at this time was in handcuffs and the teen concedes he did spit in the guards face. I was in handcuffs. Now, some students are coming to mitchells defense, displaying signs and circulating a petition. Were promitch. The incident was not right. Very disrespectful for the student to do that to him. I think students are looking at it from a teenaged perspective. We have to take a look from an adult perspective. That is their opinion. Theyre not going through the pain im in. Its okay whatever they have to say. Mitchell was arrested and char
A very big donation to a cause close to their hearts this morning. And winners . A thrilling finish at the National Spelling bee, and the event ends in a rare tie, the first in more than 50 years. The cochamps are celebrating with us today, friday, may 30th, 2014. Life is a highway from nbc news, this is today, with matt lauer and savannah guthrie, live from studio 1a in rockefeller plaza. And good morning, everyone. Welcome to today on a friday morning. Can we take that shot one more time . That is a concert crowd. Wow. So many. Eat your heart out, austin mahone. That was a big crowd earlier this week, but huge today. And there is good reason. This is the most awarded Country Group in the past decade. They have 14 number one hits, 22 1 2 million albums sold. They have a new album thats getting critical acclaim and theyre going to give us a great concert in a few moments. That crowd, its all ages. They, Everybody Loves rascal flatts. Good to have them here. Were going to get to our top
The dogs making waves in an incredible contest. Who is getting a leg up on the competition . Good morning, everybody. Saras going to have the breaking dog surfing news in just a few moments. Well get to that in a very vital way, very soon. Were going to start with those overnight develops in the l. A. Clippers saga. Could this thing finally be winding down . The league has all but approved the deal for Shelly Sterling to sell the clippers for 2 billion. But Donald Sterling is vowing to fight, amid swirling questions about his mental competence. Abcs ryan smith has been following this story from the jump. And he joins us now with the latest. Reporter good morning. The nba has accepted Shelly Sterlings move to sell the clippers to Steve Ballmer and has canceled a hearing next week to oust Donald Sterling from ownership. But hes not going quietly. The Los Angeles Clippers, finally sold. Overnight, the nba announcing the Los Angeles Clippers will go to former microsoft ceo and billionaire