GM Recalls 34,000 Vehicles for Transmission Problems
General Motors is recalling nearly 34,000 Buicks and Cadillacs in the U.S., Canada and elsewhere to fix a problem with the automatic transmissions.
General Motors is recalling nearly 34,000 Buicks and Cadillacs in the U.S., Canada and elsewhere to fix a problem with the automatic transmissions.
Goldman Sachs expects the S&P index to hit 1625 this year, and Morgan Stanley (MS) raised its target to 1600. Both had been pretty bearish on the market. The S&P closed yesterday at 1552.
U.S.-based Affymax Inc and Japan's Takeda Pharmaceutical Co said they are voluntarily recalling all lots of anemia treatment Omontys (peginesatide) in the United States due to reports of serious hypersensitivity reactions, including some deaths.
The maker of Banana Boat sunscreen is recalling one of its spray-on products after reports that a handful of people have caught on fire after applying the lotion.
Federal safety regulators are investigating complaints that accelerators can stick in Ford Tauruses from model years 2005 and 2006. The investigation, opened Wednesday, covers an estimated 360,000 of the sedans. The probe could lead to a recall, but so far none has been ordered by National Highway Traffic Safety Administration, a federal safety agency.
GM CEO Dan Akerson is charged up about the politically manufactured controversy surrounding the Chevy Volt. "We did not engineer the car to become a political punching bag," he said. Tough words -- but rescuing the Volt's reputation will be a tough fight.
Kraft Foods is recalling about 137,000 cases of Velveeta Shells & Cheese Microwaveable Cups because they might be tainted with wire-bristle pieces, the company announced Friday. The company said it has received no reports of injuries or complaints, and that it was voluntarily issuing the recall to be on the safe side.
Federal health officials said Wednesday more illnesses and possibly more deaths may be linked to an outbreak of listeria in cantaloupe in coming weeks.
General Motors has called back thousands of Impala and LaCrosse sedans for potential fire hazards and stability-control systems. Meanwhile, Philips calls back a compact fluorescent light that can cut. And Miss Bonnie's Gourmet warns that its cheese spread could be contaminated with salmonella.













