Apple's Hollywood controversy and Volkswagen's 'existence-threatening' crisis
U.S. stocks are beginning the week in the green, with all three major indices (^IXIC, ^DJI, ^GSPC) up about 1% midday, following Friday's disappointing report that 142,000 jobs were created in September.
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Here are some of the other stories Yahoo Finance is watching today:
Volkswagen Chairman: Scandal is "an existence-threatening crisis"
Volkswagen's (VLKAY) chairman, Hans Dieter Pötsch, called the emissions scandal "an existence-threatening crisis for the company." One report suggests that Volkswagen began using emissions-cheating software in 2008 and the investigation is zeroing in on just two engineers.
Pension problems
A new report from The Wall Street Journal that says America's wealthiest state per capita, Connecticut, has a money problem. The state's pension coffers have only about half of what they needs to pay state workers' retirement benefits.
ATM fees on the rise
You may want to think twice before using an out-of-network ATM. Average fees at ATM's are nearing $5, a record high, according to Bankrate. This is a 21% increase from ATM fees five years ago.
Steve Jobs biopic controversy
The new Steve Jobs biopic is set to hit theaters this week, and it's already stirring up controversy. Steve Jobs' widow, Laurene Powell Jobs, says the film depicts her late husband as cruel and downplays his accomplishments.