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Company Recalling 866K Spa Pumps Sold Nationwide That Pose Injury Risk, Caused Fatal Fire: CPSC Company Recalling 866K Spa Pumps Sold Nationwide That Pose Injury Risk, Caused Fatal Fire: CPSC
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…

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by Zak Failla
Business
Saks Fifth Avenue Acquires Neiman Marcus For $2.65B With Amazon As Partner Saks Fifth Avenue Acquires Neiman Marcus For $2.65B With Amazon As Partner
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…

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by Joe Lombardi
News
Scammers Posing As Well-Known Businesses, Agencies: Here's What To Know, Feds Say Scammers Posing As Well-Known Businesses, Agencies: Here's What To Know, Feds Say
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…

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by Joe Lombardi