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Fort Washington, PA, United States (AHN) – McNeil Consumer Healthcare, a division of McNeil-PPC, Inc., is voluntarily recalling at the wholesale and retail levels seven lots, comprising approximately 574,000 bottles, of Infants’ Tylenol Oral Suspension, 1 oz. grape distributed nationwide in the United States. Infants’ Tylenol is an over-the-counter product indicated as a pain reliever/fever reducer. McNeil is initiating this voluntary recall as a precaution after receiving a small number of complaints from consumers who reported difficulty using the Infants’ Tylenol SimpleMeasure dosing system. SimpleMeasure includes a dosing syringe that a parent or caregiver inserts into a protective cover, or “flow restrictor,” at the top of the bottle to measure the proper dose. In some cases, the flow restrictor was pushed into the bottle when inserting the syringe. Children’s Tylenol products are intended for children two years of age and older and remain available. [...] Continue Reading…

Diane Alter – AHN News Reporter
Boise, ID, United States (AHN) – Micron CEO Steve Appleton died Friday after a small plane he was piloting crashed shortly after takeoff at the Boise airport. Appleton, 51, an experienced and accomplished stunt pilot, was the only person in the aircraft. He died after being ejected. On Saturday Micron named Mark Duncan as its new CEO. In a statement, Durcan said, “We are deeply saddened by Steve’s loss and will miss his hand at the helm. I have provided the Board my ongoing commitment to work with the management team and continue to move the company forward.” Micron was founded in 1978. It is a leading maker of flash memory and sensor chips. Appleton had been the company’s chairman and CEO since 1994. Though the Boise-headquartered company struggled in the rough economic climate, under Appleton’s leadership the company [...] Continue Reading…

Schenectady, NY, United States (AHN) – Price Chopper Supermarkets is issuing a voluntary recall on its 16-ounce Coyote Joe’s Shredded Taco Cheese with UPC 41735-12509 and an expiration date of April 21, 2012, due to the possibility of shredded plastic fragments inside the packaging. The cheese was sold chain-wide between the dates of Jan. 4 and Jan. 17, 2012. Price Chopper has initiated its Smart Reply notification program, which uses purchase data and consumer phone numbers on file in connection with the company’s AdvantEdge loyalty card to alert households that may have purchased the product. Customers can return the product to their local Price Chopper for a full refund. For more information, visit the pricechopper.com website or call Price Chopper at 1-800-666-7667, option 3, between the hours of 8:30 a.m. and 7 p.m.

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Diane Alter – AHN News Reporter
Lincoln, NE, United States (AHN) – Novartis AG has voluntarily issued a recall of four popular over-the-counter drugs because they may contain broken or stray tablets from other products. The drugs recalled include Excedrin, Bufferin, NoDoz and Gas-X. The drug giant said in a statement released Monday that it has temporarily suspended operations at the Lincoln, NE, plant where the products were made. The recall comes after consumer complaints of “chipped and broken pills and inconsistent packaging line clearance practices possibly resulting in mixed tablets,” the company reported. Novartis said the recall is being done with the knowledge of the U.S. Food and Drug Administration. The recall involves all lots of bottles containing Excedrin and NoDoz with expiration dates of Dec. 20, 2014, or earlier, and Bufferin and Gas-X Prevention with use-by dates of Dec. 20, 2013, or earlier. [...] Continue Reading…

Diane Alter – AHN News Reporter
New York, NY, United States (AHN) – Best Buy, the world’s largest consumer electronics retailer, canceled some online orders just days before Christmas after it ran out of “hot” items. In an email Friday, a spokesperson for the company said, “Overwhelming demand of hot product offerings on BestBuy.com led to cancelations.” The canceled orders covered the weekend after Thanksgiving, when Best Buy ramped up discounts against rivals Amazon.com and Wal-Mart. Best Buy heavily promoted online buying, which led to higher traffic online and in brick and mortar stores. Best Buy’s online revenue in the United States jumped 20 percent in the third quarter that ended Nov. 26, but increased discounts on big ticket items such as flat screen TV’s hurt third quarter profits. In mid-morning trading Friday, shares of Best Buy were flat at $23.26, a far cry from its [...] Continue Reading…

Matthew Borghese – AHN News Contributor
Tampa, FL, United States (AHN) – It’s beginning to be a tough week for newspapers, with one major publication announcing a round of lay-offs, while another publisher announces bankruptcy. Media General announced Monday that it will let go 165 staffers from the Tampa (FL)Tribune newspaper, TBO.com, and other community papers it publishes. Meanwhile, in Davenport, IL, Lee Enterprises has filed for bankruptcy. Lee Enterprises is a 121-year-old company that publishes 54 newspapers in 23 states, in addition to more than 300 weekly and specialty publications. After the lay-offs, Virginia-based Media General will retain only 675 staffers for its Tampa-area print and online publications. The lay-offs will come in early 2012, according to rival publication St. Petersburg Times. Lee Enterprises will attempt to refinance about $1 billion in debt, filing its bankruptcy petition in Wilmington, DE. The filing comes after Friday’s annual [...] Continue Reading…

Diane Alter – AHN News Reporter
New York, NY, United States (AHN) – Federal Judge Jed Rakoff on Monday rejected a $285 million settlement Citigroup had reached with the Securities and Exchange Commission over mortgage investments citing a need for truth about the financial markets. The deal would have imposed penalties on Citigroup even as it allowed the financial institution to deny allegations regarding a complex mortgage investment. The SEC has accused Citi of betting against the investment in 2007 and reaping $160 million on the bet while investors lost millions. The N.Y. judge wrote that there is an overriding public interest in knowing the truth about the financial markets. The judge set a July 16 trail date for the case.

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Vittorio Hernandez – AHN News
New York, NY, United States (AHN) – Berkshire Hathaway, the investment firm owned by U.S. billionaire Warren Buffett, bought in March $10.7 billion shares in IBM equivalent to 64 million shares. The Berkshire investment represents an about face from Buffett’s previous policy not to invest in high-tech firms because of the difficulty in predicting which technology business will offer long-term returns. However, Buffett said he changed his mind after he read IBM’s yearly reports and talked to IT department heads of Berkshire subsidiaries that IBM’s focus is no longer into hardware but providing service. With the buy-in, Berkshire now has a 5.5 per cent stake in IBM, making the company the second-largest shareholder after investment advisory group State Street, which has holdings of over 64 million shares. >p> Berkshire paid an average of $170 per share, which is 10 per cent lower [...] Continue Reading…

Vittorio Hernandez – AHN News
Washington, D.C., United States (AHN) – The U.S. Supreme Court upheld a 2008 decision that allowed patients to file a parallel claim against manufacturers of medical devices. With the ruling, the court rejected an appeal by Stryker Corporation against a lawsuit foiled by Illinois resident Margaret Bausch who got a replacement hip six days after the Food and Drugs Administration (FDA) issued a warning about problems at Stryker’s manufacturing plant. In seeking to dismiss Bausch’s lawsuit, Stryker cited a 2008 Supreme Court ruling that patients cannot file state-law product liability suits over products that went through FDA review. However, a Chicago Federal Appeals court allowed Bausch’s suit based on the exception made the Supreme Court which allowed parallel claims. The FDA investigated Stryker’s facility in Ireland and informed the company in March 2007 that it must correct manufacturing deficiencies. In 2008, [...] Continue Reading…

Saleem Samad – AHN News Correspondent
Dhaka, Bangladesh (AHN) – Norwegian telecom giant Telenor has refused to pay the Bangladesh telecommunications authority $400 million in penalties for tax evasion and revenue sharing costs. Telenor chief executive officer Jon Fredrik Baksaas dashed to Dhaka to meet Bangladesh Prime Minister Sheikh Hasina over the weekend to apprise her of the standoff between Telenor’s venture partner GrameenPhone (GP) and the Bangladesh Telecommunication Regulatory Commission (BTRC). GrameenPhone’s chairman, Sigve Brekke, in a press briefing Sunday, threatened to take the regulatory authority to court to achieve a settlement of the purported audit findings. Brekke, also head of Telenor’s Asia operations, said he wants the audit done in a proper way, a position the country’s leading mobile phone operator has maintained since Oct. 3, when BTRC sent a letter to GP claiming the operator owes $400 million (BDT 30.34 billion) in revenue sharing [...] Continue Reading…