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March 12, 2008
Diesel keeps setting new highs
Cost outpaces regular gas, and all consumers pay
March 11, 2008
JCPenney Recalls 27,000 Cooks Deep Fryers
The deep fryer has a faulty heating element which can cause it to overheat, posing a fire and burn hazard to consumers
Children’s Hooded Sweatshirts Sold at Nordstrom Stores Recalled by Urgent Gear
The garments have a drawstring through the hood, which can pose a strangulation hazard to children
Ellaroo Recalls Infant Sling Carriers
The aluminum rings on the sling carriers can bend or break
Gas prices rise to new national record, driven by crude oil’s own record-breaking rally
The cost of filling up the family car climbed to a record high Tuesday, adding to the challenges consumers already face with falling home values and rising food prices.
March 10, 2008
Verizon’s new $99 unlimited calling plan boosting subscribers
After Verizon unveiled the plan three weeks ago, AT&T matched it within hours, followed by T-Mobile USA
Sprint Phone First to Use Fast Network
Sprint said Monday it was releasing a software update for the Mogul phone, made by HTC Corp. of Taiwan, that will enable the phone to connect at Rev. A speeds. Downloads speeds should be 600 kilobits per second to 1,400 kbps. It will be capable of uploads of 350 to 500 kbps.
IRS advises Social Security beneficiaries on tax rebate
The tax agency said that starting next week it will begin sending out 10-page packages with filing instructions and a Form 1040A for the filer to complete. The package will go to people who may qualify for the economic stimulus payment enacted by Congress but who normally aren’t required to file a tax return.
March 08, 2008
High coal prices may cost you
Soaring costs paid by utilities to generate power could mean higher monthly electric bills
March 06, 2008
Apple tweaks iPhone for business uses, seeking competitive edge
To help fuel that transformation, the company is teaming with a prominent venture capital firm to offer $100 million to lure developers to the iPhone to create the next generation of applications.
Circuit City extends HD-DVD player return time as Blu-ray wins
A spokesman for the nation’s No. 2 electronics retailer says the company’s stores are accepting returns of HD DVD players within 90 days of purchase, instead of 30 days. The policy doesn’t apply to HD DVD movie discs.
Toxic toothpaste lawsuit
Charges filed against Los Angeles importers accused of distributing toxic Chinese toothpaste
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.
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
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.
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.