Markets


Continental Recalls 5 Million Vehicles Worldwide Over Faulty Airbags Continental Recalls 5 Million Vehicles Worldwide Over Faulty Airbags
- February 11, 2016

More than 21 million USA cars from 12 different automakers have been recalled for faulty Takata airbags that can shoot shrapnel into drivers face and neck. The recent death of a SC man highlighted the risks posed by cars that contain Takata air bags, but have not been recalled. Honda has said in the past that it will provide loaner cars for owners with vehicles under Takata recall if parts are not yet available. (more...)
5M Vehicles Recalled For Defective Continental Air Bags 5M Vehicles Recalled For Defective Continental Air Bags
- February 11, 2016

Honda said that it is recalling 341,000 Accord models made from 2008 to 2010 to replace control units associated with the defective Continental air bag systems. Honda said in a statement Wednesday night that no inflator ruptures of this type have been reported in any of its vehicles. "As a supplier, we have provided all the pertinent information to all potentially impacted vehicle manufacturers". (more...)
Almost 5 million vehicles being recalled worldwide to fix Continental airbag defect
- February 11, 2016

Honda has launched a significant expansion to its Takata recalls, adding 2.23 million vehicles. Fiat Chrysler said that 112,000 of its vehicles in the United States are covered by the recall, ranging from the 2009 Dodge Journey, 2008-2009 Dodge Grand Caravan, Chrysler Town and Country and the 2009 Volkswagen Routan, which it assembled for Volkswagen. (more...)
United Kingdom industry suffers worst monthly performance since 2012 in December United Kingdom industry suffers worst monthly performance since 2012 in December
- February 11, 2016

Besides to Manufacturing output decreased by 1.7% in December on a year earlier, the ONS said - a day after the release of the UK's latest trade figures which pointed to thebiggest gap in the annual trade deficit last year since 2010. Industrial production declined 1.1% month-on-month in December, compared to the ONS's expected 0.1% decline. Economists had forecast a fall of 0.1 percent on the month. (more...)
Continental to NHTSA: 5m cars may have faulty airbags
- February 11, 2016

The latest Continental recall developed over years. Of the five million vehicles potentially affected worldwide, less than two million are in the United States, according to a Continental spokeswoman, the Wall Street Journal reported. Shrapnel has been known to tear through the airbags and hit drivers in the face and neck. Gordon Trowbridge, a spokesman for the NHTSA , confirmed on Wednesday that the agency had received a recall filing from Honda. (more...)
India okays net neutrality
- February 11, 2016

According to Reuters , Internet-service providers in India are now prohibited from charging different prices for access to different parts of the Web, which is exactly what Free Basics does-providing free access to a selection of Internet services, along with Facebook and its Messenger application. (more...)
FAA warns airlines to assess lithium battery risks FAA warns airlines to assess lithium battery risks
- February 10, 2016

In addition, a number of large commercial passenger airlines have decided voluntarily not to carry rechargeable, lithium-ion batteries. It also comes as legislation proposed last week to set FAA policy for the next six years would continue a prohibition on new lithium restrictions in the USA that are stricter than those adopted by the United Nations' aviation arm, the International Civil Aviation Organization. (more...)
Honda cars in Britain recalled after defective airbags discovered
- February 10, 2016

With today's tally, Honda's recall has expanded to as many as 8.51 million Acura and Honda vehicles in the United States - accounting for about a third of the company's overall recall tally. In October, Daimler's Mercedes-Benz USA unit recalled 126,000 C-Class 2008-2009 models and certain 2010 GLK-Class vehicles to address the issue. Takata isn't the only parts supplier having problems with its airbag components. (more...)
Honda to recall 1.2 million vehicles over air bag danger
- February 10, 2016

The documents, posted on Thursday by the US National Highway Traffic Safety Administration, say Continental will notify carmakers, who will recall cars dating as far back as 2006. Approximately 24 million vehicles were recalled due to malfunction in Takata air bags - the largest recall in USA history. "If the system is not replaced, all restraint systems, including the airbags may not deploy in a crash, which could increase the risk of serious injury or death". (more...)
Chinese state-owned chemicals business makes agreed £30bn Syngenta takeover offer
- February 10, 2016

GM shares fell as much as 5 percent, even though chief executive Mary Barra and Chief Financial Officer Chuck Stevens told investors on a conference call that any downturn in US auto sales is still several years away. Syngenta is one of a handful of companies that dominate the production of GMO crops - others include Bayer AG and Dow Chemical Co. and DuPont Co., which said in December they will merge. (more...)
More airbag woes: Continental recalls control units in 5 million cars
- February 10, 2016

Automaker Honda has issued another recall of its vehicles this week to replace defective airbags installed in the cars. Honda's recall includes older model years dating back to 2005, as well as some newer 2015 and 2016 models. Its latest action indicates the continuing Takata recalls may not be over. Honda says that the affected vehicles will be accurately searchable on its Honda and Acura recall sites beginning on February 15. (more...)
How to get a free Chipotle burrito How to get a free Chipotle burrito
- February 10, 2016

The meeting started at 11:00 a.m. ET and restaurants opened at 3 p.m. The objective was to prevent a return of the E. coli outbreak that poisoned more than 500 customers a year ago. "It's important to us to support small- and medium-sized farmers whenever we can". Customers can text the word "raincheck" to 888-222 and the company will send you a SMS coupon for a free burrito within the next few days. (more...)
European banks in spotlight amid bad loan fears
- February 10, 2016

Oil traded at about $30 a barrel. Weidmann said "the volatility of the financial markets that we are observing now expresses uncertainties in terms of cyclical risks..." "When something as big as negative interest rates happens but the yen nevertheless climbs higher, that tells me that something bigger is happening below the surface", former Goldman Sachs Asia vice-president Kenneth Courtis told The Business Times. (more...)
Chipotle Stores To Open Late After Food Safety Meetings
- February 10, 2016

Chipotle live-tweeted the event , and has rolled out extremely detailed new safety protocols online, which you can see here . By signing up for a free burrito , Chipotle is allowed to collect personal data, along with "aggregated data", including a customer's web use history, the company's privacy policy stated. (more...)
Chipotle closes restaurants during lunch for food safety meeting
- February 10, 2016

So if you're game for Chipotle and love free food, all you need to do is text your way to a free lunch. Recent outbreaks of E. coli , salmonella and norovirus, resulting in hundreds of customers getting sick, have caused some to question whether they should still eat at Chipotle. (more...)
Star Wars powers Hasbro's strongest growth in nearly five years
- February 09, 2016

Mattel and Hasbro have held talks about a possible merger, Bloomberg reported on Thursday . Hasbro recently started selling Disney's princess and " Frozen " dolls, having snatched the license from rival Mattel Inc. Full-year 2015 United States and Canada segment revenues increased by 10% to US$2.23 billion, compared to US$2.02 billion in 2014, while emerging markets increased approximately 15% (absent the impact of foreign exchange). (more...)
Chipotle apologizes for temporary closures by offering free burritos Chipotle apologizes for temporary closures by offering free burritos
- February 09, 2016

The first reports of E. Coli sickness linked to Chipotle restaurants came out in November when more than 50 people in 14 states became ill. The Denver based company noted a 36-percent drop in sales last month at established locations. (more...)
Radioactive Water Seeps into Groundwater underneath Indian Point N.Y. Nuclear Plant Radioactive Water Seeps into Groundwater underneath Indian Point N.Y. Nuclear Plant
- February 09, 2016

Cuomo, federal officials, and Indian Point operator Entergy have all emphasized that the radiation now poses no known threat to workers or nearby residents. Three permanent inspectors are stationed at the plant and they will offer support to the special investigation. But Paul Gunter, director of the Radioactive Oversight Project for the group Beyond Nuclear , says that distinction is not reassuring. (more...)
Chipotle closes to retrain employees following E. coli outbreak
- February 09, 2016

Same-store sales are down all over the country and the company's stock is now about 40 percent lower than its record high previous year, according to Wired . Chipotle also suffered a norovirus outbreak at a restaurant near Boston College that sickened scores of students. "Anyone who is willing to close all of their stores in America, that's losing a lot of money", said Chris Devine "That's a really big step to take and a really big risk to take. (more...)
Chipotle closes US stores for food-safety meeting Chipotle closes US stores for food-safety meeting
- February 09, 2016

Eastern on Monday so that the company could retrain all its employees in proper health and safety practices, and live-tweeted the proceedings. Anyone who wants free food should text the word " raincheck " to 888-222 before 6 pm on Monday. Social media analysts know moments like this can't be avoided now, attendees at the meetings streaming and sharing content on their own devises, so Chipotle encouraged workers to do just that as the company works to turn things around. (more...)

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