Category: Financial News
Macy’s Recalls Martha Stewart Cake Knife Sets
Macy's has recalled about 18,900 Martha Stewart Collection® Whiteware cake knife and server sets after 4 reports of the handle breaking off during use, posing a laceration hazard. The recalled knives were also sold at Military Exchanges as early as...
Tesla Recalls 11,000 Model X SUVs For Seats That Could Roll Forward in Crash
Tesla Inc. is recalling about 11,000 Model X SUVs worldwide over a potential defect that could cause their seats to not lock into place, increasing the risk of serious injury or death in the event of a crash.
Uber Reaches $20 Million Settlement in Text Spam Lawsuit
Uber will pay a $20 million settlement to end a class action lawsuit accusing the ride-sharing company of violating federal law by sending illegal unsolicited text messages.
Diono Recalls Over 500,000 Car Seats for Injury Risk
Over 500,000 Diano child car seats have been recalled because they may not adequately protect children from injuries in car accidents.
1st Group Lawsuit Filed for Power Pressure Cooker Explosions
The law firm of Johnson-Becker, PLLC has filed the 1st group lawsuit for 6 people who were seriously burned when their Power Pressure Cooker XL exploded. The lawsuit accuses Tristar Products, Inc., the "As Seen on TV" company, of selling...
$140 Million Awarded in AndroGel Testosterone Trial
A jury in Illinois has found AbbVie Inc. responsible for failing to warn about the heart attack risks of the "Low T" testosterone gel AndroGel.
Dodge Durango, Jeep Grand Cherokee Recalled to Fix Brake Problem
Fiat Chrysler Automobiles (FCA) is recalling about 646,000 SUVs in the U.S. to inspect a potentially defective cover that may allow water to leak into the brake booster and corrode the metal or freeze during cold weather.
SRAM Recalls Bicycle Brakes Due to Crash Hazard
SRAM is recalling about 7,000 Avid SD7 rim brakes after 5 reports of a rivet coming loose or disengaging, which could result in brake failure.
More than 1 in 4 Vehicles Sold at CarMax Subject to Recall, Study Finds
More than 25% of used vehicles sold at CarMax outlets in 3 states had unrepaired recall defects, according to a new report published by an automotive non-profit safety organization.
Nissan in Jeopardy as potential $220 Million Hit from Japanese Recall Looms
Nissan Motor Co. announced plans on Monday to recall about 1.2 million cars in Japan over inspection lapses that are expected to cost some 25 billion yen, a whole lot of loot that could undermine the company’s solvency.