Samsung Electronics Co.’s recall of its fire-prone Galaxy Note 7 smartphone will be one of the biggest recalls ever in the technology industry. The South Korean conglomerate pulled the plug on the entire product line and slashed its third-quarter profit …
Specialist insurer Hiscox has launched a new crime product, Hiscox Crime Insurance, designed to protect small businesses in the UK and Ireland against a broad range of fraudulent acts from both internal and external parties. Designed to complement other commercial …
Lumber Liquidators Holdings Inc. flooring, tested for formaldehyde, was found to have a three times higher risk of causing cancer than previously stated, U.S. regulators said in reversing their own finding from earlier this month. A report released Feb. 10 …
A cyber attack on Britain’s TalkTalk Telecom Group in October cost the company as much as 80 million pounds ($115 million) but fewer customers than feared opted to end their subscriptions. Chief Executive Dido Harding went on television and radio …
Several Volkswagen engineers have admitted manipulating carbon dioxide emissions data because goals set by former Chief Executive Martin Winterkorn were difficult to achieve, reported Bild am Sonntag, the Berlin-based newspaper. The paper said VW engineers tampered with tire pressure and …
An $18 billion liability figure attached itself last Friday to Volkswagen’s diesel disaster. This morning comes news that the German car maker has set aside $7.3 billion (€6.5 billion) to cover a scandal spreading worldwide. How to make sense of …
An anchor for Fox News Channel has sued Hasbro Inc. for more than $5 million over the company’s sale of a plastic toy hamster that shares her name, and which she says resembles her. In a complaint filed on Monday, …
The launch of the “.sucks” domain back in March sent a wave of panic through company public relations teams. The idea that someone could tarnish a brand name by cyber- squatting on, say, Vodafone.sucks, ManchesterUnited.sucks or LloydsBank.sucks led to a …
“Food manufacturers operate in a vast, globalized supply chain, where one mislabeled product or contaminated ingredient can cause sickness, death, multi-million dollar losses and massive reputational damage for the affected companies,” says a new report – Swiss Re’s “Food Safety …
The parents of three Charleston, S.C. football players have filed a lawsuit claiming characterizations of the team’s controversial post-game watermelon ritual damaged their sons’ reputations. The Post and Courier of Charleston reported that the parents are suing the Charleston County …
