Expanding upon its auto recall from last November of 4.2 million Toyota and Lexus vehicles, the automaker announced that it is including another 1.1 million vehicles to the recall list. The recall was issued because of the possibility that the gas pedal could get caught on the removable floor mat, causing the vehicle to accelerate to the highest speeds and making it impossible to stop the car even ...
In July 2009, a Colorado jury found a man guilty of 52 criminal counts, including violations of the Colorado Organized Crime Control Act, for stealing $11 million from the Colorado Department of Revenue. The man’s girlfriend, a supervisor at the department, took the money through various schemes, including creating false businesses and fake tax returns. The woman said she took the funds at her ...
A faulty gas pedal that can get stuck has prompted another large auto recall by Toyota in the US. Last Thursday, the car manufacturer announced it was recalling about 2.3 million autos in the US. Toyota will likely recall another 2 million autos in Europe over the same auto defect. The massive recalls come at a bad time for the automaker, whose reputation for making safe, reliable cars has taken a ...
Graco and the Consumer Products Safety Commission are recalling 1.5 million strollers because their canopy hinge mechanisms pose a fingertip laceration and amputation hazard. Already, five children’s fingertips were amputated and two kids suffered fingertip lacerations because they put their fingers in the hinge mechanism while the stroller was being opened or closed. The Graco strollers affected ...
The recent 7.0 magnitude earthquake that struck the impoverished nation of Haiti has killed well in excess of 50,000 and injured an unknown number. Numerous nations, led by the U.S., have begun delivering badly needed food, water, medical supplies and treatment, rescue workers, cleanup and demolition crews and security personnel. One major problem is that the Port Au Prince airport is so crowded ...
The National Highway Traffic Safety Administration says that car manufacturers recalled 16.4 million vehicles last year. While there were less recall campaigns overall—492 recall campaigns in 2009 compared to 684 campaigns in 2008, automakers recalled 6 million more autos last year. Toyota led the car manufacturer list with most vehicles recalled. The car manufacturer’s reputation for passenger ...
Denver station KUSA-TV reported January 11, 2010 that Krahl Construction has halted work on a $1.5 million project at the main branch of the Denver Public Library as the apparent result of a January 5 FBI search of Krahl’s Chicago headquarters. Krahl also has an office in Centennial, Colorado. Krahl notified employees on January 8 that the company would be shutting down the project. Neither the ...
Ford Motor Co. and a woman who was paralyzed in a 2005 SUV accident involving a defective rear seat latch have reached a confidential auto products liability settlement. The agreement came just after a civil jury awarded Lynn Wheeler $16,444,761 in compensatory damages against Ford and as jury members were getting ready to impose punitive damages. Wheeler sustained catastrophic spinal cord ...
In Manhattan’s Federal District Court today, 51 year old, Anil Kumar plead guilty to one count of securities fraud and one count of conspiracy to commit securities fraud with Raj Rajaratnam. He also agreed to cooperate with prosecutors in the widening investigation. Mr. Kumar is the 7th person to pled guilty in what some are calling the biggest hedge fund insider trading scheme case in US history. ...
The Insurance Institute for Highway Safety has published its newest booster seat ratings to help consumers choose the child safety seat that most safely fits their vehicle. Out of 60 booster seats, the IIHS is offering 9 BEST BETS and 6 GOOD BETS based on their ability to fit with vehicle seat belts so that a child is kept secure and protected during a car crash. The IIHS is not recommending 11 of ...