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McNeil recalls some Infants’ Tylenol due to dosing system complaints

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 [...]

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Micron CEO Steve Appleton killed in plane crash

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 [...]

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Price Chopper Supermarkets recall shredded taco cheese

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 [...]

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Novartis recalls four popular OTC drugs

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 [...]

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Best Buy cancels some online orders before Christmas

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 [...]

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Two major publishers announce bad news for newspaper industry

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 [...]

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Judge blocks Citigroup’s $285 million SEC settlement over mortgages

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 [...]

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Warren Buffett makes about face on investing in tech firms, acquires 5.5% stake in IBM

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 [...]

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U.S. Supreme Court upholds no limit on patient lawsuits against medical device makers

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 [...]

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Telenor refuses to pay $400M in fines to Bangladesh authority

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 [...]

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