Tag: billion

Man Charged With Fraud

San Juan (KFXV) — Hector Espino went before a judge today. Who charged him with theft by deception, insurance fraud and tampering with identification numbers. Piece by piece is how– according to authorities– Hector Espino sold his truck after reporting it as stolen. Investigators say Espino made the report to police only to later make a claim with his insurance company. It was then Espino allegedly took his truck apart attempting to change the VIN number unnoticed. According to the Texas Department of Insurance these type of crimes increase premium costs for insurance companies– costing you, the consumer, an...

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House OKs bill bolstering medical research, drug approvals

WASHINGTON (AP) — The House easily approved a sweeping biomedical bill Wednesday that would help drug and medical device companies win swifter government approval of their products, boost disease research and drug-abuse spending and revamp federal mental health programs. The compromise, which envisions spending $6.3 billion over the next decade, was condemned by consumer groups and some Democrats as a present to drugmakers that promised only paltry spending increases for underfunded federal programs. But their objections were overwhelmed by an alliance among Republicans, many Democrats and the White House for a 996-page measure that bore wins for both parties....

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Germany expands diesel probe to include VW board chairman

BERLIN (AP) — German prosecutors have widened their investigation into Volkswagen’s handling of the emissions scandal to include its board chairman, Hans Dieter Poetsch, the company said Sunday. Poetsch was VW’s chief financial officer when the company’s efforts to rig cars to cheat on U.S. diesel emissions tests became public in September 2015. Volkswagen said in a statement that prosecutors in the German city of Braunschweig are investigating three members of the board including Poetsch. Prosecutors were already investigating former Volkswagen CEO Martin Winterkorn and VW brand chief Herbert Diess over allegations they didn’t inform investors soon enough. VW...

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UN: Nearly $1 billion needed now to stop Ebola

GENEVA (AP) — The number of Ebola cases in West Africa could start doubling every three weeks and it could end up costing nearly $1 billion to contain the crisis, the World Health Organization warned Tuesday. Even as President Barack Obama was expected to announce the deployment of 3,000 American troops to help provide aid in the region, Doctors Without Borders told the U.N. health agency that the global response to Ebola was falling far short of what is needed. “The response to Ebola continues to fall dangerously behind,” Joanne Liu, president of the medical charity, told a meeting...

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