A class action suit filed in California alleges LG Electronics USA, Inc. sold gas range stoves in the United States without properly notifying customers of toxic emissions prior to their purchases. The suit comes as the industry faces attacks and efficiency proposals by the Biden administration that would remove up to half the current gas range…
Gas Ranges Targeted in Class Action Suit Against LG
March 10, 2023
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biden administrationBusiness & MarketsCaliforniaclass actionCompaniesCPSCenergygas rangesGas stove banLGRegional & State NewsState NewsUSUS News
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BBC’s Gary Lineker to ‘Step Back’ From Match of the Day Amid Twitter Row
Gary Lineker will step back from presenting Match Of The Day until he and the BBC have an “agreed and clear position on his use of social media,” after he posted a tweet criticising the government’s migrant policy. The BBC is temporarily standing Gary Lineker down from hosting duties on its flagship football show after…
Wells Fargo Warns Customers of ‘Incorrect Balances or Missing Transactions’
A number of Wells Fargo online customers on Friday reported not seeing paychecks and direct deposits in their accounts, which the bank blamed on a technical issue. “If you see incorrect balances or missing transactions, this may be due to a technical issue and we apologize,” Wells Fargo told customers in an alert on its…
Silicon Valley Bank Fails, FDIC Steps in to Protect Depositors From Losing All Their Money
March 10, 2023
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Bank RunBusiness & MarketsCompaniesdepositseconomic policieseconomyFDICInvestmentpersonal financeSVBUS
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The Federal Deposit Insurance Corporation (FCIC) has assumed control of Silicon Valley Bank (SVB) to protect depositors from losing all of their money after it was closed by the California Department of Financial Protection and Innovation. Federal banking regulators on March 10 took custody of the country’s 16th largest bank, which was a top lender for American…
FDIC Takes Control of Silicon Valley Bank After Its Collapse
March 10, 2023
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Bank RunBusiness & MarketsCompaniesdepositseconomic policieseconomyFDICInvestmentpersonal financeSVBUS
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The Federal Deposit Insurance Corporation (FCIC) has assumed control of Silicon Valley Bank (SVB) to protect depositors from losing all of their money after it was closed by the California Department of Financial Protection and Innovation. Federal banking regulators on March 10 took custody of the country’s 16th largest bank, which was a top lender for American…
Federal Agency: 3 Million Chinese-Made Toys Recalled Across US After Deaths Reported
More than 3.2 million Chinese-manufactured Calico Critters toys that are sold via Amazon and Walmart were recalled Friday after two young children died, according to a notice published by the U.S. Consumer Product Safety Commission. The company that imported the Calico Critters products to the United States said that it is aware of three incidents, including the…
Silicon Valley Bank’s Shares Tank, Triggering Financial Sector Panic
Silicon Valley Bank’s shares have tanked, causing panic in the financial sector to spread from Wall Street to Europe and Asia. This comes after the lender announced it would sell shares at a loss in order to cover rapidly declining customer deposits. Silicon Valley Bank (SVB) Financial Group, a bank which lends primarily to tech companies, told investors…
US Railroad Group Warns Carriers to Stop Using Cars With Loose Wheels
WASHINGTON—A group representing major U.S. railroads on Thursday warned carriers to stop using rail cars with loose wheels until those wheel sets can be replaced. The Association of American Railroads (AAR) said Norfolk Southern had identified loose wheels on a series of cars that present an increased risk of an out of gage derailment. Norfolk…
A Run on the Banks
Commentary On Mar. 9, Silicon Valley Bank (SVB) lost 60 percent of its value. It showed an aftertax loss of $1.8 billion. Silicon Valley is unique in that, since its inception, its primary target market has been the startup community in the Bay Area. As it expanded across the country, it targeted the startup market….
Non-‘Woke’ Chocolate Company Sells 500,000 Bars Quickly After Launch
March 10, 2023
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Business & MarketschocolateCompanieseconomic policieseconomyHershey'sMarketsPoliticsSocial IssuestransgenderUSwokeness
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A new non-‘woke’ chocolate company sold more than 500,000 candy bars within a week after it had launched. A new candy bar brand, Jeremy’s Chocolate, was announced on Mar. 3 by Jeremy Boreing, co-CEO of The Daily Wire, as an alternative to Hershey’s chocolate, after the candy giant promoted woke ideology in its commercial advertising…
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