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Business & Economy – XtremeCuztoms

Tag: Business & Economy

Mercedes to Recall About 1 Million Older Models Worldwide

BERLIN—Mercedes-Benz is recalling almost a million older cars from around the world due to possible problems with the brake booster, the company said on Saturday. Models of the ML, GL (BR 164) and R-Class (BR 251) series produced between 2004 and 2015 are affected, it said. Some 70,000 of them are in Germany. “We have…


Ann Turner Cook, Original Gerber Baby, Dies at 95

TAMPA, Fla.—Ann Turner Cook, whose cherubic baby face was known the world over as the original Gerber baby, has died. She was 95. Gerber announced Cook’s passing in an Instagram post on Friday. “Many years before becoming an extraordinary mother, teacher, and writer, her smile and expressive curiosity captured hearts everywhere and will continue to…


Abbott Reopens Michigan Plant Amid Nationwide Baby Formula Shortage

Abbott Laboratories said on Saturday that it has reopened its baby formula production plant in Sturgis, Michigan, taking a step toward alleviating an acute nationwide shortage that has sent parents scrambling for supplies. The company said it will begin production of EleCare and other specialty and metabolic formulas, with initial EleCare product release to consumers…


Cheese Products Sold in 9 States Recalled Due to Listeria Concerns

A Kansas City-based company issued a voluntary recall on June 1 involving several kinds of cheeses after it was found that the products could be contaminated by listeria monocytogenes. The U.S. Food and Drug Administration (FDA) stated in a notice that the recall affects cheeses produced by Paris Brothers Inc. on May 4, 5, and 6…


Gasoline Prices Now Double What They Were When Biden Was Inaugurated

Soaring gasoline prices in the United States have just hit a politically-charged milestone—they’re now double what they were when President Joe Biden took office. The average retail price of regular-grade gasoline climbed to its highest recorded price of $4.819 per gallon on June 4, according to the American Automobile Association (AAA). Besides setting a new…


Telegram Hands Over Personal User Data to German Authorities

Operators of the messenger app Telegram transferred personal information of its users to the German Federal Criminal Police Office (BKA), deviating from the company’s earlier claims of shielding such data from governments. The personal data is related to users who were suspects of terrorism and child abuse crimes, according to Spiegel. In the case of…


Chinese Researchers Reportedly View Elon Musk’s Starlink as a Military Threat

Chinese military researchers reportedly view the SpaceX-operated Starlink satellite internet system as a national security threat while suggesting Beijing needs to have the ability to destroy it. An expert suggests that the PLA has no capability to defeat Starlink. A Beijing-affiliated military TV program, “Crazy Warfare Show,” recently published an article analyzing the progress of…


Microsoft Says Will Not Resist Unionization Efforts by Employees

Microsoft Corp. will not resist unionization efforts from its employees, its President Brad Smith said on Thursday. Microsoft recognizes employees legal right to choose to form or join a union, although they “will never need to organize to have a dialogue” with leaders, Smith said in a blog post on Thursday. The comment comes against…


Bristol Myers Boosts Cancer Drug Portfolio With $4.1 Billion Turning Point Deal

Bristol Myers Squibb Co. said on Friday it will acquire drug developer Turning Point Therapeutics Inc. for $4.1 billion in cash to help bolster its arsenal of cancer drugs. Turning Point’s lead drug, repotrectinib, targets mutations in certain proteins in the body that lead to unchecked cell growth. Bristol Myers will pay $76 per Turning…


Burger King Caught in Complex Legal Web, Preventing Russia Exit

NEW YORK—For at least a decade, Burger King’s formula for European expansion has relied on a joint venture partnership, including a master franchisee, to open and operate new locations. But now the fast-food chain has a whopper of a problem in Russia. It hasn’t been able to exit its partnership or close its roughly 800…