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Monday, oct 14
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Business
Five Infant Deaths Lead To Fisher-Price Recall Of 2M Snuga Instant Swings
More than two million Fisher-Price products are subject to a national recall after there were five deaths reported involving infants. All models of Fisher-Price Snuga Swings - 2.1 million in total - are subject to the recall, and the US Consumer Product Safety Commission (CPSC) is advising parents that "the swing should never be used for sleep and bedding materials should never be added to it." Officials said that if the swings are used for sleep or bedding material is added, the headrest and body support insert on the seat pad can increase the risk of suffocation. There have bee…
Lifestyle
2 With NY Ties Among Top 10 Riches2 With NY Ties Among Top 10 Richest People In US, Forbes Says
Two billionaires with strong ties to New York are among the Top 10 richest people in America, according to brand-new rankings released by Forbes. Checking in at No. 3 is the founder of Meta Platforms/Facebook Mark Zuckerberg, age 40, a White Plains native who was raised in the neighboring village of Dobbs Ferry. He has a net worth of $181 billion, says Forbes. Former New York City Mayor Michael Bloomberg, age 82, the owner of Bloomberg LP, is ranked 10th. Bloomberg's net worth is $105 billion. Bloomberg maintains a resident in Northern Westchester, in the town of North Salem. Checking in a…
Business
Company Recalling 866K Spa Pumps Sold Nationwide That Pose Injury Risk, Caused Fatal Fire:
Cpsc
Hundreds of thousands of AirJet and HydroJet Spa Pumps sold across the country are subject to a recall due to a fire hazard that resulted in at least one death, according to the Consumer Product Safety Commission (CPSC). This week, CSPC and Hong Kong-based Bestway International announced that they are recalling approximately 866,000 pumps that can overheat, causing its plastic housing to ignite, increasing the risk of fire or injury. CPSC says that there have been at least three fires reportedly involving the spa pumps, including one that led to a massive house fire in January 2024 in…
Business
Saks Fifth Avenue Acquires Neiman Marcus For $2.65B With Amazon As Partner
Luxury department store Saks Fifth Avenue has acquired rival Neiman Marcus, with Amazon jumping on board with a stake in the newly combined company. HBC, the parent company of Saks, entered into an agreement to acquire Neiman Marcus Group, the parent company of Neiman Marcus and Bergdorf Goodman, for a total enterprise value of $2.65 billion. As part of the deal, Amazon will provide logistics in what HBC says will be a "technology-powered luxury retail company." “We're thrilled to take this step in bringing together these iconic luxury names, Saks Fifth Avenue, Neiman Marcus, and Ber…
News
Scammers Posing As Well-Known Businesses, Agencies: Here's What To Know, Feds Say
Federal authorities are sounding the alarm over scams that impersonate well-known businesses and government agencies. In 2023, data from the Federal Trade Commission (FTC) alone show more than 330,000 reports of business impersonation scams and nearly 160,000 reports of government impersonation scams. That amounts to nearly half the frauds reported directly to the agency, the FTC said. Combined, reported losses to these impersonation scams topped $1.1 billion for the year, more than three times what consumers reported in 2020. Reports show an increasingly blurred line between busine…