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Business Events Product Recalls

  • Takata's 'sorely needed' start over

    James Chao, MD of IHS Automotive, says Takata's guilty plea is a good start but new lawsuits could potentially unfold.

  • Signage for Takata are displayed at the company's Echigawa plant in Echigawa, Shiga, Japan, on Friday, Nov. 25, 2016.

    Japanese auto parts maker Takata pleaded guilty to fraud Monday and agreed to pay a $1 billion penalty.

  • Japanese auto supplier Takata Corp. pleaded guilty to fraud Monday in U.S. federal court. The company agreed to pay $1 billion in fines and restitution for concealing a deadly defect in millions of air bags, which led to the largest product recall in U.S. history. 2000: Takata executives Shinichi Tanaka, Hideo Nakajima and Tsuneo Chikaraishi realize that the air...

  • A file photo of a deployed airbag.

    Takata may reverse policy and move to setup a compensation fund to pay damages in cases of injury or death because of faulty airbags made by the firm, the WSJ stated.

  • More than 500,000 toddler swings are being recalled because the seat can crack or break. Other recalled consumer products include toys with potentially dangerous battery components and chain saws with leaky fuel lines. They were sold at Walmart, Toys "R'' Us and other stores nationwide and online at www.littletikes.com and other websites from November 2009...

  • Feb 23- United Technologies Corp's Carrier unit expanded a recall of some air conditioners and heat pumps as their power cord plugs can overheat, posing a fire risk, the U.S. Consumer Product Safety Commission said on Thursday. The recall involves about 94,000 units sold under the Bryant, Carrier and Fast brands, the commission said in a statement.

  • Boston Scientific sinks on heart valve system recall

    Shares of Boston Scientific sink on a heart valve system recall. CNBC's Meg Tirrell reports.

  • Feb 23- Boston Scientific Corp said on Thursday it was recalling its Lotus Valve heart devices, citing reports of problems with the locking mechanism, sending its shares down 8 percent in premarket trading. Boston Scientific had suspended implants of another valve system, Lotus Edge, in Europe last October over similar concerns. The company said it continues to...

  • Feb 23- Boston Scientific Corp said on Thursday it was recalling its range of Lotus Valve heart devices, citing reports of problems with the locking mechanism. The products are expected to return to the European market and in other regions in the fourth quarter, the company added. The company's stock was down 9.4 percent at $22.79 in premarket trading.

  • Rescuers are seen in a boat full of people, some with babies and pets, at a San Jose neighborhood inundated by water from an overflowing creek on February 21, 2017.

    Here are some of the key stories CNBC is following this hour:

  • CNBC update: San Jose flooding

    CNBC's Contessa Brewer reports on the latest headlines including some 14,000 residents being evacuated from homes in San Jose because of rising floodwaters.

  • DETROIT— BMW AG is recalling more than 19,000 i3 REx plug-in hybrids in the U.S. because they could develop a fuel vapor leak that would increase the risk of a fire. BMW says a fuel tank vent line may rub against the sleeve of a battery cable. BMW will notify owners and replace the fuel vent line for free.

  • More than 700,000 components for car seat-to-stroller mounts are being recalled because they can disengage unexpectedly. Other consumer products recalled this week include patio benches that can collapse. They were sold at Babies R Us, buy buy Baby, Target and other stores nationwide, and online at Amazon.com, albeebaby.com, buybuybaby.com, diapers.com,...

  • Headquarters and a facility for manufacturing and distributing Cili Minerals products are located in Lafayette, according to court documents. Details of the agreement are in documents filed Thursday in U.S. District Court in Lafayette. Attorney in Lafayette, also calls for Cili Minerals to recall and destroy its products manufactured and distributed...

  • TOKYO, Feb 15- Toyota Motor Corp said on Wednesday it was recalling all of the roughly 2,800 zero-emission Mirai cars on the road due to problems with the output voltage generated by their fuel cell system. To date, Toyota has sold about 2,840 Mirai cars in Japan, the United States and some markets in Europe, as well as the United Arab Emirates. Toyota first began...

  • Rosie O'Donnell attends The Actors Fund 2016 Gala at Marriott Marquis Times Square on April 25, 2016 in New York City.

    Here are some of the key stories CNBC is following this hour.

  • *Sets aside Y97 bln for $1 bln U.S. fine. TOKYO, Feb 10- Takata Corp on Friday said it expects to post a full-year net loss for the third consecutive year as the Japanese air bag maker anticipates costs related to the biggest automotive product recall in history will eat away at its bottom line. The costs behind the downgrade include a provision for 96.93 billion yen as...

  • CNBC Update: No court decision today on Trump immigration order

    CNBC's Sue Herera reports the latest headlines including 9th Circuit Court of Appeals announcing there will be no decision on President Trump's immigration order today.

  • The recall involved certain cans made in the company's Franklin Park, Illinois, facility. "We believe this was a deliberate, malicious act by an individual or individuals familiar with the quality and safety procedures at its Franklin Park, IL facility", Altria said in a e-mailed statement. A majority of U.S. Smokeless Tobacco Company's cans made at a separate...

  • Feb 3- Germany's BMW said on Friday it would recall 230,117 cars and sport utility vehicles in the United States that may have been fitted with faulty air-bag inflators made by Takata Corp.. The vehicles were being brought in for checks again as they may have had an air bag replaced with a Takata inflator after a crash or in a previous recall, BMW said, adding this was...