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May 16, 2008
Reverse mortgages becoming popular
Also known as a home equity-conversion mortgage, a reverse mortgage lets people who are at least 62 borrow money against their homes, as long as they own the property or owe only a small balance on an existing mortgage.
AOL sheds its brand to draw specialty audiences
Unless you’re looking carefully, you’ll likely miss the fact that the new Asylum Web site for young men is a creation of Time Warner Inc.’s AOL. Same for WalletPop on personal finance, Spinner on indie music and StyleList on fashion.
Housing posts surprising rebound in April
The Commerce Department reported Friday that housing construction rose by 8.2 percent in April to a seasonally adjusted annual rate of 1.03 million units. Building of single-family homes continued to weaken, however.
GE confirms plans to exit appliance business
The Fairfield, Conn., industrial conglomerate said Friday the move is part of an ongoing plan to exit “slower growth and more volatile businesses.”
May 15, 2008
Recall: Shindaiwa Backpack Blowers
The blower’s impeller (fan) can separate from the base and break apart, causing plastic pieces to be blown out of the machine, and pose a laceration and impact hazard to consumers. The flying pieces also can cause property damage and injury to bystanders. Note: These backpack blowers were previously recalled due to a fire hazard.
Recall: Tall Red fuel cells for Paslode cordless framing nailers
The fuel cells used to power cordless framing nailers can leak fuel, posing a fire hazard
Recall: Tumble Tower Infant Rattles
The blue plastic end caps of the rattle can break, resulting in small parts, posing a choking hazard to young children
Recall: 280,000 Maple Chase carbon monoxide and smoke combo alarms
The recalled alarms can sound a “double chirp”/fault alarm in the presence of CO, prior to going into full alarm. Upon hearing a double chirp, the Owner’s Manual instructions recommend a consumer take the alarm out of service, which could expose consumers to hazardous levels of CO and suffer injury or death.
Recall: Squeeze Kids Girl’s Corduroy Jackets sold at TJ MAxx
The garments have a drawstring through the hood, which can pose a strangulation hazard to children
Shoppers feeling squeeze buy a little at a time
From meat to mustard, consumers are trying to control their food bills by buying smaller-size items as they grapple with soaring prices. Companies have taken note, experimenting with different measures.
AAA predicts slight drop in Memorial Day travelers
AAA estimates that 37.9 million Americans will travel 50 miles or more from home this holiday, a decrease of nearly one percent from a year ago.
May 14, 2008
Ford recalling 655,000 trucks
Ford recalling more than 655,000 trucks over hose problem that could affect the vehicles’ braking power.
Tiny “Smart Car” receives good crash test scores
The 8-foot, 8-inch vehicle received the highest rating of good in front-end and side-impact testing by the Insurance Institute for Highway Safety, helping address some concerns that consumers may be more vulnerable in the tiny two-seater.
Inflation pressures ease despite food price jump
Inflation pressures eased a bit in April despite the biggest jump in food prices in 18 years.
May 13, 2008
Fewer fliers for summer, but packed planes persist
Airlines are reducing their carrying capacity amid slower economic growth and rising jet fuel prices, the Air Transport Association said.
Saving on prescription medicine
There are a lot of options when it comes to filling your prescriptions but where you shop can make a big difference in what you pay.
May 12, 2008
In lean times, shoppers see extra fat in food bill
Shoppers are wondering whether higher grocery bills and restaurant tabs truly reflect the trickle down of a global rise in prices. Food retailers say consumers’ suspicions of gouging are unjustified.
Stamp prices up a penny today
Forever stamps also went up to 42 cents. But buyers may want to stock up anyway, looking ahead to next May when prices are expected to be adjusted again.
Dangerous gas grill
A test of grass grills uncovers a major safety concern.
May 09, 2008
Will your rebate check be direct deposited?
10 On Your Side answers your rebate questions, this time focusing on how you’ll get your check.
May 08, 2008
Consumers give stores some relief but still spend cautiously
The sales reports issued Thursday were better than expected, but still pointed to a consumer contending with rising gas prices, sagging home values and worries about jobs.
May 07, 2008
New way to crush a cigarette
R.J. Reynolds’ new Camel Crush includes a menthol capsule, but smoking foes say it lures children
What is Pandora radio?
Tailor your own playlist of music on Pandora
May 06, 2008
As food costs soar, restaurants swap ingredients to get by
The changes come as record oil prices and surging global demand for staples like rice, fish, poultry and wheat have pushed wholesale food prices up almost 8 percent in the last year
Scam targets mystery shoppers
The mystery shoppers association already knows about the scam. It has issued a consumer alert saying to watch out if you’re asked to wire money back to a specific address, usually outside the country.
Summer job outlook: Could be tough for teens
The causes of the slump in teen hiring are many — a slowing economy, retirees coming back into the market, college students taking hourly jobs as they search for career-path employment.
May 05, 2008
Music marketing in throes of digital transformation
Radiohead took a step back from its great leap forward, eventually releasing “In Rainbows” as a conventional CD and making it available through commercial download sites such as iTunes and Amazon.
AAA 2008 vacation costs survey
According to the 2008 edition of AAA’s Annual Vacation Costs Survey the recommended travel budget for two adults traveling together in North America is $244 per day for lodging and meals. Those vacationing in Virginia can expect to pay an average of $222 per day, including approximately $149 for lodgings and $73 for meals.
May 02, 2008
Coupons delivered to cell phones
There’s a new way to instantly save lots of money at popular stores and restaurants all over the country, with just a phone call.
May 01, 2008
84,000 Children’s storage bins sold at Lowe’s recalled
Surface paint on the storage bins could contain excessive levels of lead, violating the federal lead paint standard.