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March 06, 2008
Hamilton Beach Recalls 482,000 Toasters
The toasters can remain “on” (energized) after popping up, and can ignite flammable items covering or in contact with the toaster, posing a fire hazard.
Portable Air Compressors Sold Exclusively at Advance Auto Parts Stores Recalled
The compressor’s motor can overheat and ignite the protective cover, posing a fire hazard to consumers. Also, the cover might not prevent internal components from being touched, which poses an electrical shock hazard.
Pier 1 Imports Recalls Tealight Candle Holders
The spacing of the holes in a concentrated pattern allows the holder to heat-up. This can cause the tealights to burn unexpectedly fast and with a higher flame height than normal, posing a fire hazard.
March 05, 2008
Pancake and Waffle Mix Recall
You may want to be careful before you whip up your next batch of pancakes or waffles.
Limited amount of Aunt Jemima Pancake and Waffle Mix recalled
A limited amount of three varieties of Aunt Jemima Pancake and Waffle Mix: Original, Original Complete, and Buttermilk Complete are being recalled due to potential salmonella contamination
Infantino Recalls Infant Rattles sold at Wal-Mart, Babies “R” Us
The tail-piece on the rattles can detach, posing a choking hazard
Economy Watch: Factory orders drop, service sector activity shrinks
U.S. factories saw demand for their products drop sharply, while the country’s service sector contracted, fresh evidence of an economy hobbled by housing and credit crises.
Consumer Product Safety Commission to inspect toys at U.S. ports
The agency said its new import surveillance division will test selected products for unsafe levels of lead. It will check for loose parts that could pose a choking risk to children. It will also inspect for faulty wiring in electric components.
March 04, 2008
Wyatt Buick-Pontiac dealership to close in Danville
After 84 years in business the fourth oldest licensed car dealership in Virginia will close its doors
U.S. official says speculation blamed for oil price surge
A top Energy Department official says market speculation may be adding as much as $12 to the price of crude oil and that prices may not yet have peaked.
Fed Chairman says more needs to be done to prevent home foreclosures
Even with some relief efforts under way by industry and government, foreclosures and late payments on home mortgages are likely to rise “for a while longer,” Ben Bernanke warned.
March 03, 2008
Electronic filing up this year, IRS says
The IRS says that so far this year, one out of every four tax returns has come from someone filing from a home computer
Car sales slump in U.S.
General Motors Corp. and Ford Motor Co. said Monday they would cut second quarter production in the face of falling U.S. sales and weakened consumer confidence, while Toyota Motor Corp. said plummeting sales of sport utility vehicles and large sedans contributed to its 3 percent drop in U.S. sales for February.
Consumer Alert: BBB warns about “M.O.S.E. Advertising”
The Better Business Bureau (BBB) says M.O.S.E. Advertising is using REMAX Allpoints Realty in its advertising, without the realty company’s permission.
Survey shows manufacturing activity falling in February
U.S. manufacturing activity declined in February to its weakest level in nearly five years, an industry group survey showed Monday, heralding more instability in the job market and further frailty in the overall economy.
Oil jumps to a new record above $103
Oil prices surged to a new record high Monday as the dollar weakened to another low against the euro
Construction spending plunges in January by most in 14 years
Construction spending took its biggest nosedive in 14 years and manufacturing activity contracted, fresh trouble signs for a struggling economy.
February 29, 2008
FNB to change name to StellarOne Bank
StellarOne Corp. has completed a merger of equals between Virginia Financial Group Inc. and FNB Corp. The combined companies adopted the StellarOne name, and the new company began trading yesterday on the Nasdaq market under the symbol STEL.
Aspire36 and Aspire Lite supplements recalled
Aspire36 and Aspire Lite are sold nationwide. The products are sold as a blister pack containing one liquid capsule or a bottle containing either three (3) or twelve (12) liquid capsules.
February 28, 2008
Best Fabric Softeners
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Many people swear by their fabric softener, claiming it softens their towels just so or makes their clothes smell great. But where’s the proof? In its latest tests of liquid fabric softeners and dryer sheets, Consumer Reports washed more than 1,300 loads of laundry to find the best.
Munire Furniture Recalls Cribs
The cribs fail to meet the federal safety standards for cribs. The four support brackets on the mattress support spring are too long. The brackets prevent the spring from lowering to the full 26 inch minimum height in its lowest position, allowing children inside to crawl over the railing, posing a fall hazard.
Fed chairman learning to navigate treacherous economic and political waters
Federal Reserve Chairman Ben Bernanke is proving to be a quick study in navigating a treacherous housing slump and credit crisis that could push the economy into a recession. He also seems to be learning fast on an equally perilous course - avoiding political land mines in Washington.
Fed chief dismisses worries about US economy returning to 1970’s style “stagflation”
High energy prices and rising inflation do complicate the Fed’s job of trying to keep the economy growing and inflation contained, Ben Bernanke acknowledged.
Treasury Secretary says various housing proposals would do more harm than good
While he said that while the housing problem remains the biggest downside risk to the economy, the issue needed to be put in perspective. Paulson said that 93 percent of all mortgages are being paid on time and that less than 2 percent are in foreclosure.
Pain at the pump worse than Katrina aftermath
AAA Mid-Atlantic says the price of a gallon of regular unleaded “skyrocketed” 15 cents in the past seven days nationally
IRS to send out tax rebate letters starting next week
The letters are part of an extensive outreach effort to make sure people don’t miss out on their share of the recently passed $168 billion economic stimulus plan.
Feathers fly over language on billboard for Sheetz chicken sandwich
Sheetz is taking heat from critics who say its new billboard campaign promoting a fried chicken sandwich contains foul language.
Ford recall update: Government tells car owners to bring cars in now
The government is warning the owners of about 4.6 million recalled Ford vehicles to immediately bring their cars and trucks into dealerships to disconnect faulty cruise control switch systems that have been linked to engine fires.
More people sign up for unemployment benefits
The Labor Department reported Thursday that new applications for unemployment benefits rose by 19,000 to 373,000 last week. The increase was larger than many economists were expecting.
Cribs crowded with pillows and soft bedding linked to baby deaths, government warns
Safety officials announced a recall of 24,000 cribs Thursday and also warned parents against putting their babies to bed with pillows and other soft bedding that could suffocate them.