GO-KARTS, EYE AND EAR DROPS RECALLED
The Consumer Product Safety Commission Monday
announced the recall of 91,000 go-karts and the Food and Drug Administration
warned Rich's MSM Eye & Ear Drops may be contaminated with yeast and a bacteria
that can cause sight-threatening injuries.
The go-karts manufactured by Manco Products Inc. of Fort Wayne, Ind., have
guards that are supposed to prevent hair and loose clothing from becoming
entangled in rotating parts. However at least one 13-year-old girl has died and
two other teenagers suffered serious injuries when hair became entangled in the
cart's drive chain and sprocket.
The one- and two-seat go-karts are powered by gasoline engines and were sold
under the Manco, Phoenix, Fox, Rattler and Coyote labels.
The recall involves two groups of vehicles. One has black plastic deck covers
over the rear axle and brakes and carries serial numbers ranging from 1757022
through 1855821, and 3000010 through 3050632. The second group has a cross-over
jackshaft drive system and carries serial numbers below 1757022.
Rich Distributing of Portland, Ore., voluntarily recalled its eye and ear drops
because they may be contaminated with yeast and the sight-threatening bacteria
Pseudomonas. The FDA said it is unclear exactly where the drops were
distributed. The drops come in one-ounce containers and were sold over the
Internet and at retail outlets nationwide.
Consumers who have used the drops are advised to contact their doctors.
AMD UNDERCUTS INTEL WITH LATEST CHIP PRICES
Advanced Micro Devices Inc. finally
agreed to reduce the price of its 1-GHz Athlon microprocessors, introducing its
1.1-GHz Athlon in the process.
FORD: FIRESTONE PLANT HAD QUALITY PROBLEMS
Tires made at the Firestone plant in Decatur, Ill.,
during the mid-1990s had numerous quality control problems, according to data
released by Ford Motor Co. Monday.
NEWS CORP. TO ACQUIRE CHRIS-CRAFT
Rupert Murdoch's News Corp.
(NYSE:NWS), owner of the Fox Television Network, announced Monday that it will
acquire Chris-Craft (NYSE:CCN) and subsidiaries for about $5.35 billion, about
$2.13 billion in cash and approximately 73 million American depositary receipts
WRAP: BROADCOM TO BUY NEWPORT COMMUNICATIONS FOR $1.24 BILLION
Broadcom Corporation, the provider of
integrated circuits enabling high speed broadband communications, said Monday it
has agreed to buy optical communications chip maker NewPort Communications Inc.
in a stock deal worth $1.24 billion, extending Broadcom's reach in the
Sithe Energies, Inc.
announced today that it has entered into a definitive agreement with PECO Energy
Company (NYSE: PE) under which PECO will acquire 49.9% of Sithe North America.
Upon completion of the agreement, the remaining 50.1% of Sithe North America
The European Union (EU) said Monday that it has
granted regulatory clearance to France Telecom's acquisition of the sole control
over the British mobile phone operator Orange.