Name: 2015's Most Quotable Moments in Business
Uploaded: 2015-12-30
Duration: 2 min 28 s
Description: According to our partners at Money

In twenty fifteen companies were rocked by scandals, promising stocks, tanked, and debt crippled nations. These were the most quotable money moments of the year. I would like to offer a sincere apology for Volkswagen's use of software program that served to defeat The regular emissions testing regime. In what became the third largest auto recall ever, Volkswagen recalled more than 11 million vehicles after admitting to cheating emission tests for years. The German auto maker fitted cars with software that tricked emission tests even though the cars produced up to 40 times the allowable levels of nitrogen oxides. In relation to US regulations. Volkswagen posted a loss of $ 1. 8 billion in the third quarter. [ FOREIGN ] Greece avoided defaulting on its payment of 3. 2 million Euros or roughly 3. 5 million dollars to the European Central Bank in August when it passed political reforms and received 14. 5 billion dollars in bailout money from Europe. At the same time, China's stock market was quietly melting down It started in late June when stocks in China suffered serious volatility, causing investors to panic and sending shockwaves through the stock market for months. Currently, we have 12 cases in Oregon. Eight of those cases have been interviewed, and all of the eight have been associated with Chipotle Restaurants. It was not a good year for fast casual restaurant Chipotle as E. coli outbreaks hit restaurants in at least nine states. No deaths were reported, but Chipotle stock took massive hits, dropping about 200 points from its peak. In response to all of this attention, And doctors and patient groups saying they can't access this drug. Are you gonna change the price? No. Turing pharmaceutical CEO Martin Shkreli became the most hated man in America in September 2015 when he raised the price of life saving HIV drug Deraprim from $ 13. 50 per pill, To $ 750 per pill, but the pharmabro's luck run out in December when the FBI arrested him on fraud charges related to his time as a leader of Hedgefund MSMB Capital Management. Shortly after his arrest, Shkreli resigned from Turing Pharmaceuticals and was fired from KaloBios, the other company he ran.