DOT's Foxx, NHTSA's Friedman on GM Recall Agreement

May 16 (Bloomberg) -- U.S. Transportation Secretary Anthony Foxx and David Friedman, acting administrator of the National Highway Traffic Safety Administration, speak about the government’s investigation into General Motors Co.'s recall of 2.59 million small cars over faulty ignition switches. GM will pay a record $35 million fine as a result of the probe, and will also make “significant and wide-ranging internal changes” to how it reviews safety issues and decides on recalls. Foxx and Friedman speak at a news conference in Washington. (Source: Bloomberg)
Prospects for Bitcoin in China
24:55 - Jack Liu, head of international at OKCoin, discusses bitcoin in China and as an alternative payment system. He speaks to Bloomberg's Angie Lau on "First Up." (Source: Bloomberg)
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