Anchored by Jake Tapper, The Lead airs at 4 p.m. ET on CNN.
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New York (CNNMoney) – Rupert Murdoch's 21st Century Fox made an offer to buy Time Warner in June, and Time Warner gave a firm answer: No.
Even so, news of the proposal on Wednesday sent the stock of Time Warner soaring 15%.
Such a deal would be massive: the initial bid was $80 billion. That would value Time Warner at $85 a share, 20% higher than Time Warner has been trading.
Detroit, Michigan (CNNMoney) – There were about 10 people protesting outside GM's annual meeting about the company's inaction that led to the botched recall. Included in the group were some parents whose children were killed in accidents involving the recalled vehicles. They said it was important for them to be at the meeting to show that this is about human lives.
"This is their home court, where we need to be," said Ken Rimer, whose step-daughter Natasha Weigel was killed in the backseat of a Chevy Cobalt that crashed in 2006. A friend of hers, Amy Rademaker, died in the front seat in the same accident.
Warren, Mich. (CNNMoney) – The delayed recall by General Motors that led to the deaths of at least 13 people was caused by the misconduct of about 20 employees and "a pattern of incompetence and neglect" throughout the company, according to an internal probe released Thursday.
GM Chief Executive Officer Mary Barra announced that 15 employees have been dismissed and five more have been disciplined in the wake of the three-month probe by former federal prosecutor Anton Valukas.
New York (CNNMoney) – General Motors' recall headache continues to grow.
The automaker recalled another 2.4 million U.S. cars and trucks Tuesday, including 1.3 million popular late-model crossover vehicles, and 1.1 million older cars.
The crossover SUVs being recalled - Buick Enclave, Chevrolet Traverse, GMC Acadia and Saturn Outlook - have a problem that can cause the front seat belt to separate from the car during a crash. GM said it is a serious enough problem that it is ordering dealers not to sell new or used models of the vehicles until repairs are made. The model years involved are 2009 to 2014.
New York (CNNMoney) – General Motors agreed to pay a $35 million fine to settle a federal probe into the 10-year delay of its ignition switch recall, federal safety regulators announced Friday.
GM had already admitted that its employees knew of problems with the ignition switch as early as 2004. The flaw caused some cars to shut off while driving, disabling airbags, anti-lock brakes and power steering. It has been tied to at least 13 deaths. But GM (Fortune 500) did not start recalling the 2.6 million cars with the ignition problems until this February.,