Honda Readies Recall of New Civics on Possible Engine Failure
Honda Motor Co. is preparing a recall for the 2016 Civic compact in the U.S. and has ordered dealers to stop selling some versions of the car, months after beginning sales of the crucial new model.
The automaker issued a stop-sale notice to dealers in late January, spokesman Chris Martin said in an e-mail, declining...
Dialysis Equipment Maker Settles Lawsuit for $250 Million
The world’s largest provider of kidney dialysis equipment and services has agreed to pay $250 million to settle thousands of lawsuits from dialysis patients and their relatives claiming that the company’s products had caused heart problems and deaths.
The settlement was announced by Fresenius...
FDA likely underestimated fetal deaths from Essure: analyst
The U.S. Food and Drug Administration may have greatly underestimated the number of fetal deaths among women who became pregnant after using Bayer AG's Essure contraceptive device, according to a private analyst who combed through the agency's public database.
The FDA has cited five fetal deaths in women who became pregnant after using Essure,...
More Support for Osteoporosis Drugs
Use of osteoporosis drugs, once heavily advertised by celebrity spokeswomen, has dropped by more than 50% in recent years amid reports of such serious side effects as sudden bone fractures.
Yet many experts say the benefits of the drugs, known as bisphosphonates, far outweigh the risks for many users.
Read more.
New Documents Could Cause More Trouble for VW
A top advisor at the German automaker, known internally as the “fireman,” appears to have advised senior executives about VW’s diesel problems as early as May 2014. The maker only acknowledged cheating on emissions tests in September 2015, responding to charges by the U.S. Environmental Protection Agency.
Read more.
‘We Are Running Under the Radar’: Morgan Stanley in $3.2 Billion Mortgage-Bond Pact
Morgan Stanley agreed to pay $3.2 billion to end a joint federal-state investigation into its handling of mortgage-backed securities, the fourth deal to be struck in a probe of the role played by big U.S. banks in the subprime mortgage meltdown and the financial crisis it spawned.
The settlement, announced Thursday by federal and state...
Cook Medical recalls select single lumen caths
Cook Medical is recalling 360 lots of its single lumen central venous catheters, pressure monitoring sets and trays due to issues with catheter tip fracture and separation.
A total of 17,872 devices are subject to the recall, according to Cook, who said it began notifying customers and...
German Makers Recall 2.3 Million U.S. Vehicles for Takata Bags
Daimler AG, Volkswagen AG and BMW AG recalled about 2.3 million U.S. vehicles since Tuesday to replace potentially defective Takata Corp. air bags.
The recalls, detailed in company statements and government filings, are part of the 5.1 million vehicle recall expansion that Takata telegraphed to U.S. regulators in late January. The German companies join Honda...
Expense for Takata Air-Bag Recall
Daimler AG said recalling about 841,000 vehicles to fix potentially defective Takata Corp. air bags will cost the German automaker about 340 million euros ($384 million) and cut into the profit it reported last week for 2015.
The automaker will repair about 705,000 Mercedes-Benz cars and 136,000 Daimler vans, according to a company statement. The...
Bill Seeks to Limit Use of Arbitration to Avoid Courts
Two leading Senate Democrats introduced a bill Thursday that would strictly limit the use of arbitration, a process used to resolve legal disputes that is often stacked against consumers.
The bill, introduced by Senator Patrick J. Leahy, Democrat of Vermont, and co-sponsored by Senator Al Franken, Democrat of Minnesota, would prevent civil rights...
