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Business Events Product Recalls

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  • UPDATE 1-Apple recalls some Beats Pill XL speakers Wednesday, 3 Jun 2015 | 11:08 AM ET

    June 3- Apple Inc said it is recalling some Beats Pill XL portable wireless speakers due to a fire hazard caused by overheating batteries. The iPhone maker will recall about 222,000 speakers in the United States and about 11,000 in Canada, the U.S. Consumer Product Safety Commission said on Wednesday. Apple said it will issue store credit or a refund worth $325...

  • Apple recalls Beats Pill XL speakers Wednesday, 3 Jun 2015 | 10:29 AM ET

    June 3- Apple Inc said it is recalling Beats Pill XL portable wireless speakers due to a fire hazard from overheating batteries. The iPhone maker will recall about 222,000 speakers in the United States and about 11,000 in Canada, the U.S. Consumer Product Safety Commission said on Wednesday. Apple has received eight reports of overheating speakers, the CPSC said...

  • Takata replacement still leaves questions unanswered Tuesday, 2 Jun 2015 | 7:48 PM ET
    Takata replacement still leaves questions unanswered

    Karl Brauer, senior analyst with Kelley Blue Book, discusses news that Takata Corp will "rapidly" reduce production of a volatile chemical that has been linked to ruptured air bag inflators.

  • Can Takata save its corporate reputation? Tuesday, 2 Jun 2015 | 6:49 PM ET
    Can Takata save its corporate reputation?

    Scott Upham, founder, president & chief executive officer of Valient Market Research, explains why airbag manufacturer Takata's future is precarious. Upham has held senior marketing posts with Takata.

  • Takata under fire Tuesday, 2 Jun 2015 | 2:02 PM ET
    Takata under fire

    Lawmakers are holding a congressional hearing on the Takata airbag recall, with CNBC's Phil LeBeau, and "The Profit" host Marcus Lemonis.

  • GM recalls heavy duty trucks with Takata air bags Friday, 29 May 2015 | 5:02 PM ET

    DETROIT, May 29- General Motors Co is recalling about 375,000 heavy duty pickup trucks equipped with passenger-side air bag inflators made by Takata Corp, the U.S. automaker said. Subaru will expand its recall of 2004 and 2005 model Impreza compact cars with Takata air bags to about 80,000 from 20,000, the unit of Japan- based Fuji Heavy Industries also said on...

  • DETROIT, May 28- Three automakers on Thursday widened recalls of cars and trucks with Takata Corp air bags and the U.S. Congress set a hearing next week on the safety issue that has been linked to six deaths. Takata last week complied with demands of U.S. safety regulators and doubled the vehicles to be involved in air bag recalls to 34 million, making it the largest...

  • DETROIT, May 28- Fiat Chrysler Automobiles on Thursday became the first automaker to expand its U.S. recall of vehicles with faulty Takata Corp air bag inflators since federal safety regulators announced a massive recall campaign last week. Last week, Japanese air bag maker Takata said it would double the recall of potentially deadly air bags to nearly 34...

  • DETROIT, May 28- Fiat Chrysler Automobiles on Thursday became the first automaker to expand its recall of vehicles with faulty Takata Corp air bag inflators since U.S. safety regulators announced a massive recall campaign last week. FCA said it would recall 4,066,732 vehicles from the 2004 to 2011 model years "equipped with a dual-stage driver frontal air bag...

  • Office Depot caught on problems Thursday, 28 May 2015 | 9:00 AM ET
    Office Depot caught on problems

    Office Depot is paying the government $3.5 million over faulty chairs.

  • BEIJING, May 28- Japan's Takata Corp, which for months resisted U.S. regulators' demands to widen a recall over its potentially lethal air bags, has had an "attitude shift" and is in a mood to compromise to try to resolve the ballooning auto safety crisis, said a person close to the company. "'There's no use or gain in fighting the regulators' is how one Takata management...

  • Ford recalls nearly 423K vehicles for power steering Wednesday, 27 May 2015 | 9:16 AM ET
    The new 2015 Mustang convertible is viewed on top of the observation deck at the Empire State Building on April 16, 2014 in New York City.

    Ford is recalling nearly 423,000 cars and SUVs in North America because the power-assisted steering can fail while they're being driven.

  • *Takata says confident new air bags are safe. DETROIT, May 26- Automakers and safety regulators could take months to nail down why air bag inflators made by Takata Corp are exploding with too much force, meaning consumers cannot be certain replacement inflators installed under a sweeping recall are safe, industry officials involved in the process said.

  • *Takata says confident new air bags are safe. DETROIT, May 26- Automakers and safety regulators could take months to nail down why air bag inflators made by Takata Corp are exploding with too much force, meaning consumers cannot be certain replacement inflators installed under a sweeping recall are safe, industry officials involved in the process said.

  • Having taken the helm of the National Highway Traffic Safety Administration in January, Mark Rosekind has wasted no time in forcing reluctant companies into recalling millions of defective vehicles. In the past week alone, the agency announced the biggest recall in history, involving nearly 34 million vehicles with potentially deadly Takata Corp air bags.

  • *Some automakers explore Takata's rivals for replacement parts. *Takata shares fall 10 pct in Tokyo. DETROIT, May 20- Takata Corp's record U.S. recall of potentially deadly air bag inflators could take years to complete, industry experts and safety advocates said, as automakers scrambled to line up replacement parts, some not from Takata.

  • TIMELINE-Takata air bag recalls since 2008 Wednesday, 20 May 2015 | 2:24 PM ET

    Honda and Takata deny fault and settle for an undisclosed sum. Her family sues Honda and Takata for more than $75 million in April 2011, claiming they knew of the air bag problems as early as 2004. Honda and Takata settle in January 2013 for $3 million, according to court documents. 2011: April 27- Honda recalls 896,000 Honda and Acura 2001-03 cars in order to find...

  • May 20- A unit of ConAgra Foods Inc pleaded guilty to a criminal misdemeanor and will pay $11.2 million to end a federal probe into a 2007 recall of peanut butter, including the Peter Pan brand, linked to a salmonella outbreak that sickened hundreds. The plea agreement also calls for the unit to pay an $8.01 million criminal fine, a record in a U.S. food safety case, and...

  • May 20- A unit of ConAgra Foods Inc has pleaded guilty to a criminal misdemeanor and will pay $11.2 million to end a federal probe into a 2007 recall of peanut butter linked to a salmonella outbreak, court papers showed. ConAgra Grocery Products Co pleaded guilty to one count of introducing adulterated food into interstate commerce, will pay a $8.01 million...

  • Tracking Takata's crisis management Tuesday, 19 May 2015 | 11:08 PM ET
    Tracking Takata's crisis management

    Scott Upham, founder, president & chief executive officer at Valient Market Research, says the reluctance of Takata's management to go for a full-scale recall and a series of PR mishaps have damaged the firm's corporate reputation.