Search results for: red ring of death

inajeep

GOP Pulls Obamacare Repeal Bill Minutes Before Scheduled House Vote

Facing all but certain death in the House of Representatives, the American Health Care Act — the budget resolution intended to repeal much of the 2010 Affordable Care Act — was pulled from consideration only minutes before legislators were set to vote. [More]

Nicholas Eckhart

Here’s How CEO Eddie Lampert Could Survive A Sears Bankruptcy Just Fine

Edward S. Lampert is the manifesto-writing chairman, CEO, and biggest shareholder of Sears Holdings. Lampert’s hedge fund keeps lending the flailing retailer money, but if the parent company of Sears and Kmart doesn’t manage to escape its death spiral, Lampert won’t lose everything. [More]

SCI

SCI, Operator Of 1,000 Funeral Homes, Doesn’t Pass Savings On To Bereaved

Did you know that there’s a Walmart of death care? That’s often a comparison used to describe Service Corporation International, which uses the public-facing brand Dignity Memorial, and operates more than 1,000 funeral homes across the country. That kind of economy of scale should mean Walmart-style discounts, right? Only a recent price survey shows that SCI-owned funeral homes charge more than their independent counterparts. [More]

cookedphotos

Maybe Emptier Stores Mean Higher Customer Satisfaction?

Most retailers are having trouble bringing in foot traffic, leading once-steady brands like JCPenney, Sears, and Macy’s to shutter large swaths of stores. Yet, those customers who continue to shop at brick-and-mortar retailers appear to be happier about the experience. [More]

Samuel M. Livingston

Lawsuit Claims Five Automakers Knew Of Dangerous Takata Airbags, Used Them Anyway

Takata recently agreed to pay $1 billion to close the books on a federal criminal investigation into its shrapnel-shooting airbags linked to 11 deaths, but the auto parts company — and several automakers — must still answer allegations that these airbags were a known problem long before the massive recall. [More]

Nicholas Eckhart

JCPenney To Close 130 to 140 Stores Over Next Few Months

This morning, JCPenney revealed plans to shutter more than 100 stores, putting it in the unwelcome company of other anchor store stalwarts — like Sears and Macy’s — who have recently begun paring down their retail footprint. [More]

Brian Kelly

Evanger’s VP: Dog Food Recalled For Euthanasia Drugs Contained Horse DNA

An executive at pet food company Evanger’s, which recently recalled its own and Against the Grain beef canned dog food due to drug contamination, recently admitted to a Washington state newspaper that the recalled food contained horse DNA. The company has thus far blamed these issues on its meat supplier, but this is not the first time Evanger’s pet food has included an animal meat that wasn’t advertised. [More]

Steven Depolo

Legislation Would Give FDA Mandatory Authority To Recall Drugs

Last month, the Food and Drug Administration confirmed that it had found varying and elevated levels of a potentially deadly toxin in teething tablets sold under the Hyland’s brand. Despite the dangers posed by the tablets, the FDA couldn’t order a recall of the products — and the manufacturer refused to. But that could change in the future, as recently introduced legislation would give the agency the authority to order mandatory recalls of drugs and homeopathic products.  [More]

Steve

Man Accused Of Planning To Put Bombs In Target Stores To Drive Down Company’s Stock

It’s not uncommon to hold a grudge against a company for one reason or another, but a Florida man allegedly took his beef a step further with a plot to set off homemade explosives in several Target stores on the East Coast. Why? Authorities say the man wanted to send Target’s stock into a tailspin. [More]

Humana Leaves Exchange, Will Not Sell Individual ACA Health Care Plans For 2018

Humana Leaves Exchange, Will Not Sell Individual ACA Health Care Plans For 2018

The challenge of purchasing individual health insurance is about to get even more challenging, with less competition and less choice, for consumers in nearly a dozen states. Humana, one of the four national-level insurers operating in the country, has announced that it’s quitting the marketplace exchanges set up by the Affordable Care Act next year. [More]

Bernal Saborio G. (berkuspic)

United Airlines Passenger Says Dog Died After Flight From Detroit To Oregon

Three years ago, United Airlines felt the internet’s wrath when a photo surfaced showing a caged dog the carrier had allegedly left out in the rain on an airport tarmac. Now, the airline is once again facing claims it harmed an animal, after a woman accused the airline for being responsible for the death of her dog. [More]

Scott Miller

Time Running Out For Sears To Figure Way Out Of Death Spiral

For quite some time, Sears has managed to stay afloat by selling off real estate and brands, closing stores, and borrowing huge piles of cash from its CEO, which is not exactly a plan for long-term sustainability. If that all weren’t grim enough, now comes news that raises even more doubt about the future of this once-great retailer. [More]

(I Am Rob)

New Mexico Sues 15 Carmakers, Takata For Concealing Deadly Airbag Defects; Seeks $10K/Day

Just when you thought Takata’s massive shrapnel-shooting airbag debacle was beginning to wind down after the company settled federal criminal charges for $1 billion, New Mexico has filed a lawsuit against the company and 15 car companies for allegedly covering up the deadly defect. [More]

Mateus André

Pricey Wearable Baby Monitors May Be Better At Giving Parents Anxiety Than Monitoring Babies

Raising a baby can be pretty nerve-wracking, especially for first-time parents. Babies make weird sounds, do bizarre things, and can’t describe when something’s actually wrong. Meanwhile, it’s 2017 and our solution to basically every old problem is: “Have you tried throwing new technology at it?” [More]

(Nicholas Eckhart)

Investigation Finds Tesla’s Autopilot Functioned Properly In Fatal Crash

As expected, federal safety regulators closed a months-long investigation into Tesla’s Autopilot feature after the fatal crash occurred when the semi-autonomous driving feature was activated, finding that the collision was not the result of a defect in the feature. [More]

(Paul Pica)

General Motors To Pay $1M Over Ignition Switch Accounting Issues

General Motors’ years-long ignition switch debacle has cost the carmaker billions of dollars in penalties, settlements, and compensation. Today, the Securities and Exchange Commission added $1 million to the hefty tab. [More]

Samuel M. Livingston

3 Takata Execs Face Criminal Charges Over Handling Of Deadly Airbag Defect

For the second time in one week federal authorities have taken the rare step of bringing criminal charges against auto industry executives for alleged wrongdoing. Today, the Justice Department announced criminal indictments against a trio of execs at auto parts maker Takata for their involvement with the shrapnel-shooting airbags that have been linked to at least 11 deaths. [More]

It’s Creepy, But Not Illegal, For This Website To Provide All Your Public Info To Anyone

It’s Creepy, But Not Illegal, For This Website To Provide All Your Public Info To Anyone

This week, the social media world has been alight with warning about a “genealogy” site that makes just about anyone’s information — addresses (current and former), age, family members, possible associates — available for free to any user. While this has caused a minor uproar, with concerned folks telling each other how to opt out of having their data shared by this site, this sort of data-aggregating service isn’t exactly anything new — and while what this site is doing might seem remarkably creepy, it is, in fact, completely legal. [More]