Takata Launches Public-Awareness Campaign for Airbag Recall
Japanese airbag manufacturer, Takata, is set to launch a large-scale advertising campaign urging those affected by recalled airbags to schedule repair or replacement.
Business
FCC Issues Largest ever “Robocall” Fine
Florida-based Travel Club Marketing was hit with the largest automated-calling fine in Federal Communications Commission (FCC) history on Tuesday for making at least 185 unsolicited calls without customer consent, including 142 households on the National Do-Not-Call Registry. The fine of $2.96 million, reported by the FCC’s Enforcement Bureau, is the largest fine the agency has
New York’s “Responsible Banking” Law Ruled Unconstitutional
In U.S. District Court in Manhattan on Monday, Judge Katherine Polk Failla issued New York’s mayor Bill De Blasio a notable defeat of a law intended to regulate the community-mindedness of the many financial institutions that inhabit the city. New York’s city council passed the Responsible Banking Act (RBA) in 2012, requiring banks in the
FDA Approves Nestle’s Maggi Noodles, Banned in India
Foodmaker Nestle scored a major victory late Monday night when the U.S. Food and Drug Administration (FDA) granted marketing approval for the company’s Maggi noodles within the U.S. The U.S. joins six other countries in allowing the sale of the two-minute instant snack noodles, which had been tested by the regulator for unsafe levels of
Parent Company of Columbia House Records files for Bankruptcy
Much like A&P supermarkets and that company’s bankruptcy announcement last month, another piece of Americana is close to officially entering its historical enshrinement. Nearly everyone of a certain age has at least once in their life taken advantage/been taken advantage of the Incredible Deal™, 8 cassette tapes or CDs for a penny, by subscribing to
Congress Considers Lifting Oil-Export Ban
According to U.S. Representative Joe Barton (R-TX), Congress is expected to vote on legislation that would lift a 40 year-old crude-oil export ban for U.S. producers. In an August 6th phone interview with Bloomberg, Barton said “We’ve got green lights in the House all the way,” saying that “The whip, the majority leader, the speaker
Judge Certifies Class-Action Lawsuit against Delta, AirTran for Baggage Fee Collusion
In U.S. Federal Court in Atlanta on Wednesday, Judge Timothy Batten ruled to grant class-action certification to a six-year long collusion lawsuit against Delta and AirTran airlines. The lawsuit was filed in 2009 by over a dozen Delta and AirTran customers, accusing the companies of using a series of earnings conference calls, as well as
Medtronic Issues Recall for Newly-Approved Heart Device
Leading medical device manufacturer Medtronic has issued its second recall in as many weeks involving recently developed technology. Coming off of the European recall of its MiniMed 640 insulin pump last week, which is scheduled for a Pre-Market Approval (PMA) review in the U.S. later this year, the company has recalled nearly 7,000 EnVeo R
Railroads will not Meet Congressional Deadline for Safety Technology Implementation
According to a Federal Railroad Administration report released to the House and Senate Appropriations Committee on Friday, only three freight and commuter railroad companies have submitted safety plans for the implementation of new technology, required to be finished by a December 31st deadline. The technology, Positive Train Control (PTC), depends on GPS technology to automatically
DOJ Subpoenas Allergan as Generics Antitrust Probe Widens
In the wake of a buying and selling frenzy, Irish drugmaker Allergan has been subpoenaed by the Department of Justice (DOJ) over antitrust concerns regarding the pricing of its generic drugs. Last week, the company announced a $40.5 billion selloff of its generics unit to the global generic market leader, Israeli-based Teva Pharmaceuticals. That deal