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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

2

When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

3

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
General Motors

States are lining up to take on General Motors

By
Ben Geier
Ben Geier
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By
Ben Geier
Ben Geier
Down Arrow Button Icon
June 12, 2014, 9:51 AM ET
GM CEO Mary Barra Testifies At Senate Consumer Protection Panel Over Recall
Mary Barra, chief executive officer of General Motors Co. (GM), speaks during a Senate Consumer Protection, Product Safety, and Insurance subcommittee hearing in Washington, D.C., U.S., on Wednesday, April 2, 2014. Barra pushed yesterday to separate herself from an old GM that weighed the costs of improved safety, insisting she's the face of a new GM that puts customers first. Photographer: Andrew Harrer/Bloomberg via Getty ImagesBloomberg Bloomberg via Getty Images

General Motors (GM) already knew that the U.S. Attorney General Eric Holder was likely looking into the ignition switch malfunction scandal that left 13 people dead.

Now, though, CEO Mary Barra can also expect heat from the state level.

Attorneys general from eight different U.S. states are joining together to investigate the situation, according to a Bloomberg report.

States included in the potential suit are Connecticut, Florida, Indiana, Arkansas, Illinois, Iowa, Kentucky and Louisiana. A spokesman for Florida’s AG confirmed to Bloomberg that the group was looking at complaints against GM.

GM did get a bit of good news this week — according to an NBC News report, the automaker will no longer have to pay a daily $7,000 fine for failing to turn in documents.

Barra, meanwhile, will be back in front of Congress next week. She will be testifying in front of the House Subcommittee on Oversight and Investigation. She’ll be joined by Anton Valukas, the former U.S. Attorney who penned the report released last week detailing just what happened to allow the ignition switch problem to go unreported for more than a decade.

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