Archive for the “Failing” Category

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Can you trust J&J for drugs anymore.  Why do the companies not keep up with the cleaning. Is it money like every thing else, or do the just don’t care anymore.

NEW YORK (CNNMoney.com) — Johnson & Johnson, already under fire from the government over deplorable conditions at a Pennsylvania plant that makes children’s pain and cold drugs, is now being cited for problems at another one of its drugmaking plants in the state.

A plant located in Lancaster, Pa., was recently inspected by the Food and Drug Administration and failed to receive a clean bill of health, according to the company.

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WASHINGTON — Buy those Forever stamps now. The cost of mailing a letter is going up again.

Fighting to survive a deepening financial crisis, the Postal Service said Tuesday it wants to increase the price of first-class stamps by 2 cents — to 46 cents — starting in January. Other postage costs would rise as well.

The agency’s persisting problem: ever-declining mail volume as people and businesses shift to the Internet and the declining economy reduces advertising mail.

“The Postal Service faces a serious risk of financial insolvency,” postal vice president Stephen M. Kearney said, an indication that without significant changes a time could come when the agency would be unable to pay its bills.

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TOKYO — Toyota Motor Corp. said Thursday about 270,000 cars sold worldwide — including luxury Lexus sedans — have potentially faulty engines, the latest quality lapse to hit the automaker following massive global recalls of top-selling models.

Japan’s top-selling daily Yomiuri said in its evening edition that Toyota will inform the transport ministry of a recall on Monday. The paper cited no sources.

Toyota spokesman Hideaki Homma said the company was evaluating measures to deal with the problem of defective engines that can stall while the vehicle is moving. He would not confirm a recall was being considered.

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NEW YORK (CNNMoney.com) — BP knew of problems with an offshore well hours before it exploded last month, spilling millions of gallons of oil into the Gulf of Mexico, a House committee chairman said Wednesday.

Rep. Henry Waxman, D-Calif., said the oil company told the Energy and Commerce subcommittee on oversight privately that the well failed a key pressure test just hours before it exploded on April 20.

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NEW YORK (CNNMoney.com) — Failings by Lehman Brothers executives and its auditor led to the bank collapse that unleashed the worst of the financial crisis, according to a report by a court-appointed investigator.

Lehman “repeatedly exceeded its own internal risk limits and controls,” and a wide range of bad calls by its management led to the bank’s failure, says the report, authored by examiner Anton Valukas.

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NEW YORK – In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave.

This latest program, which will allow owners to sell for less than they owe and will give them a little cash to speed them on their way, is one of the administration’s most aggressive attempts to grapple with a problem that has defied solutions.

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NEW YORK (CNNMoney.com) — Federal safety regulators said Wednesday they have received 10 complaints from drivers alleging sudden acceleration in Toyota vehicles that have already been repaired under the automaker’s recent recall.

The National Highway Traffic Safety Administration said it has reached out to the consumers in question to gather more information about the complaints, which were not immediately verifiable.

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WASHINGTON – The post office is renewing its drive to drop Saturday delivery — and plans a rate increase — in an effort to fend off a projected $7 billion loss this year.

Without drastic action the agency could face a cumulative loss of $238 billion over 10 years, Postmaster General John Potter said in releasing a series of consultant reports on agency operations and its outlook.

“The projections going forward are not bright,” Potter told reporters in a briefing. But, he added, “all is not lost … we can right this ship.”

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Full Story at msnbc.com

WASHINGTON – Toyota is recalling about 8,000 Tacoma pickup trucks from the 2010 model year to fix a problem with the front drive shaft that could cause the vehicle to lose control.

The automaker told dealers Friday that a crack could develop that could lead to the front driveshaft separating and falling from the truck, causing the vehicle to lose control.

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Full Story at msnbc.com

TOKYO/DETROIT – Honda Motor Co said it would recall another 440,000 cars around the world for faulty airbags as rival Toyota Motor Corp faced further probes over its largest-ever safety crisis.

Honda, Japan’s No. 2 automaker, has now recalled close to 950,000 vehicles for airbag problems linked to one fatality and a total of 11 injuries in the United States.

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Full Story at mcall.com

As the holiday shopping season kicks into high gear this week, it’s a good a time to ask: Are the toys we’re buying safer than the ones a couple years ago, when millions of playthings were recalled because of high lead levels and other hazards?

The world’s largest toy manufacturer, Mattel Inc., says yes, as do federal regulators.

But after spending a few hours roaming the Toy District in downtown Los Angeles, I’m not so sure.

In one shop, I found a package of brightly colored rattles and pacifiers manufactured in China. The package depicts babies in cribs playing with the contents, which include small pieces that could break or be bitten off.

It says in large print that the rattles and pacifiers are for ages 6 months and up.

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Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — Federal regulators announced Tuesday the recall of 110,000 Toyota pickup trucks in 20 U.S. states and the District of Columbia.

The National Highway Traffic Safety Administration said that road salts can cause “excessive corrosion” of the Toyota Tundra’s frame, which holds a spare tire mounted underneath the vehicle. NHTSA said dislodged spare tires can cause hazards for other vehicles on the road.

The corrosion can also damage the rear brake lines and lead to brake system failures, the NHTSA said.

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