General Motors has announced a big hit to first-quarter earnings, largely due to costs for recalls. Profits dropped nearly 90 percent from last year, with the company making a razor-thin profit of $100 million, GM said Thursday.
Meanwhile, GM has yet to explain why it took 10 years to issue one of the recalls for a defective ignition switch. Some critics believe the automaker's dysfunctional culture is to blame.
But the recall crisis could speed up a culture shift that's already underway.
Elsewhere in the Middle East, Israel has broken off peace talks with the Palestinian Authority. Israeli leaders say they're doing that because the Palestinian Authority is forming a joint government with the militant group Hamas.