Gold View Similar to 1970s, Fitzpatrick Says

April 15 (Bloomberg) -- Tom Fitzpatrick, chief technical analyst at Citigroup, talks about the outlook for gold. He talks with Tom Keene and Sara Eisen on Bloomberg Television's "Surveillance." Nathan Sheets, global head of international economics at Citigroup Inc., also speaks. (Source: Bloomberg)
VW Faces Costly Fixes as it Seeks to Cut Spend
14:49 - Volkswagen AG Chief Executive Officer Matthias Mueller said the company will delay or cancel non-essential projects as pressure mounts to slash spending in the wake of the diesel-emissions scandal. Fixing about 11 million rigged diesel vehicles is a costly prospect. The 6.5 billion euros ($7.29 billion) Volkswagen already set aside for repairs won’t be enough to cover fines and potential legal damages as well, Mueller said. The company is exploring options from a simple software upgrade to outright replacing some cars. Fines may reach $7.4 billion in the U.S. alone, according to analysts from Sanford C. Bernstein Ltd.
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