среда, 27 мая 2015 г.

uThinkGeek’s Parent Company Says A New Suitor Has Followed Hot Topic Into The Bidding Ringr


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  • thinkgeekWhat’s a little retail merger romance without a love triangle thrown in for good measure? After the news yesterday Hot Topic was buying online retailer ThinkGeek’s parent company GeekNet in a deal worth $122 million, the purveyor of sci-fi curiosities and comic book inspirations says another suitor has thrown in a bid to buy it.

    On Wednesday, Geeknet confirmed that it’d received an unsolicited offer from a strategic buyer that remains nameless, to buy all oustanding common stock for $20 per share in cash. That’s in comparison to the $17.50 per share offer Hot Topic threw down on Tuesday.

    It’s now up to Geeknet’s board of directors to consult legal teams and financial advisors to mull over this latest proposal.

    Until then, Hot Topic is still the No. 1 horse in Geeknet’s stable, so to speak, as Geeknet’s announcement notes that its ” board of directors has not changed its recommendation in support” of the deal with Hot Topic, and won’t have anything to say about this new bidder until the review is over with.



ribbi
  • by Mary Beth Quirk
  • via Consumerist


uFed Survey Finds Most Consumers Are Happy With Their Finances, Despite Lack Of Retirement Savingsr


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  • As the economy continues to bounce back from the Great Recession, consumers have adopted a more optimistic outlook when it comes to their finances despite the fact that a third of the country has no savings put away for the future, according to a new survey from the Federal Reserve.

    The 2014 Survey of Household Economics and Decisionmaking [PDF] points out that over the past year individuals and families have experienced mild improvements in their overall well-being, leading to an increase in optimism for the long-term.

    Over the past year, consumers' feeling about their financial situation has improved.

    Over the past year, consumers’ feeling about their financial situation has improved.

    According to the report, which surveyed 5,800 respondents in October 2014, a majority of Americans – about 65% – are either “doing okay” or “living comfortably” financially, representing a 3% increase from 2013.

    The warm and fuzzy feelings continued when respondents were asked about their future income prospects.

    Twenty-nine percent of Americans expect their income to be higher this year, up from 21% who expected an uptick in wages in 2013.

    As with most surveys on finances, respondents’ views varied depending on their current economic situation.

    Nearly 22% of American with less than $40,000 in annual income believe their salary will increase in the next year, while 36% of those with annual incomes of more than $100,000 expect the same situation.

    It appears that most Americans aren’t afraid to work for those income increases. Forty-nine percent of part-time workers and 36% of all workers say they prefer to work more hours if they could.

    Despite consumers’ rosy feelings about their current financial situation, the Fed survey found those emotion may be fleeting, as Americans aren’t truly prepared for the future.

    Consumers have a variety of plans for their retirement.

    Consumers have a variety of plans for their retirement.

    About 39% of non-retirees have given little or no thought to financial planning for retirement, while 31% have no retirement savings or pension.

    Nearly a quarter of those with no retirement savings are older than 45 years of age.

    “Even among individuals who are saving, fewer than half of adults with self-directed retirement savings are mostly or very confident in their ability to make the right investment decisions when managing their retirement savings,” the Fed reports.

    More than half of the non-retirees that do have retirement accounts are either “not confident” or only “slightly confident” in their ability to make the right investment decisions when investing their funds.

    Additionally, 45% of non-retirees who plan to retire expect to keep working in some capacity during retirement to cover expenses.

    When it comes to income levels and savings, the survey found a stark difference in their habits.

    When it comes to current savings habits, lower-income consumers are saving for unexpected expenses not retirement.

    When it comes to current savings habits, lower income consumers are saving for unexpected expenses not retirement.

    Respondents with household income under $40,000 are most likely saving for unexpected expenses, while those with annual income of more than $100,000 are more likely to be saving for retirement.

    The survey also uncovered other potentially unsettling financial issues for consumers including the fact that only 53% of respondents believe they could cover a hypothetical emergency costing $400 without selling something or borrowing money.

    Another 31% of consumers have gone without some type of medical care in the past year because it was unaffordable, while a third of respondents who applied for credit in the last year have been turned down or received less then they requested.

    According to the Fed, while most individuals appear to feel financially stable, the results of the survey point out that many segments of the population continue to struggle.

    “These consumers remain vulnerable to economic hardships in the case of further financial disruption or are at risk of economic hardship in the future due to an inability to save for future needs such as retirement,” the report states. “The survey results highlight the need to continue to monitor these vulnerable populations and assess the extent to which they are, or are not, benefiting from broader economic recovery.”

    Survey of Household Economics and Decisionmaking [Federal Reserve]



ribbi
  • by Ashlee Kieler
  • via Consumerist


u30 People Kicked Out Of Hotel After Scuffle Over Waffle Ironr


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  • Few people are very amiable before breakfast, but things got really out of hand this week at a hotel in Michigan. A brawl of Chuck E. Cheese proportions broke out during breakfast at a hotel in Pere Marquette Township, Michigan. Two women began an argument over whose turn it was to make a waffle at the hotel’s breakfast bar.

    How do 30 people fight over one waffle? Hotel employees called the local sheriff’s department and walked in to find what they called “a large group of people arguing over the waffle maker.” Police recounted that the dispute apparently began when one woman asked another whether she was using the waffle iron at that moment. When she didn’t respond, the first woman went ahead and made a waffle, and the two argued over whose waffle was cooking at that moment. Additional people joined in what was more of a shouting match and less of a physical dispute.

    All of the people involved were asked to pack up their rooms and leave the hotel, and police stayed until all people involved in the breakfast brawl had left.

    Waffle-maker dispute results in 30 people kicked out of Mason County hotel, police say [MLive]



ribbi
  • by Laura Northrup
  • via Consumerist


uWoman Hospitalized After Bite From Black Widow Spider Hiding In Grapes From The Supermarketr


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  • Just because we’ve heard of people finding black widow spiders in their grapes doesn’t make it any less icky this time around: A Vermont woman was reportedly hospitalized after a stowaway arachnid hiding in her produce bit her.

    The woman bought the grapes at a Shaw’s supermarket in Massachusetts, reports WPTZ. Her mother says that when she reached her hand into the bag of fruit, the spider crawled up her daughter’s arm and took a bite.

    They were able to catch the spider, bringing it along with them to the hospital. A nurse confirmed to WPTZ that the spider had been identified correctly.

    A representative from Shaw’s Public Affairs office issued a statement regarding the incident, saying that the the health and safety of products it sells and its customers are of the highest priority.

    “We have been closely monitoring the situation and been in contact with the family. We replaced product in the customer’s refrigerator as a precaution and took immediate action to inspect the product at the customer’s store,” the rep says. “We also are inspecting the product in all of our stores and have been in touch with the supplier, which has an extensive food safety management system in place.”

    People bitten by black widows might experience some muscle pain, experts say, requiring treatment at the hospital to have the situation monitored. Severe cases can require anti-venom, and most people are back to normal after a few days.

    Previously in hitchhiking arachnids: Whole Foods Organic Grapes: Now With Free Black Widow Spiders; Great, Now We Have To Worry About Black Widow Spiders Hiding In Grapes

    Colchester woman hospitalized after being bitten by black widow spider [WPTZ]



ribbi
  • by Mary Beth Quirk
  • via Consumerist


uFCC Proposes Giving Consumers Right To Block Telemarketing Calls & Textsr


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  • You know what’s not awesome? Answering your phone only to be greeted by a prerecorded robocall telemarketing message. Even a decade after the establishment of the Do Not Call registry and rules banning certain types of robocalls, unwanted calls and messages still top the list of complaints to the FCC each year. Today, FCC Chair Tom Wheeler proposed closing some additional loopholes in order to cut down on these annoying intrusions.

    The newest protection that could be available to consumers is the ability to tell their phone company — wireless or landline — that they revoke their consent to receive these calls.

    The rule would also give telecom providers the green light to introduce ‘Do Not Disturb’ technology that consumers could use to stop unwanted robocalls.

    With so many people ditching landlines in recent years, many of those phone numbers are being recirculated to new subscribers. Unfortunately, this has led to telemarketers calling that number trying to reach the former user, only to annoy the heck out of the new one.

    Bank lobbyists had pushed for exemptions from facing violations for making these “wrong number” robocalls, but the new rules would clarify that telemarketers have only one chance to get that number wrong. Subsequent calls would be in violation.

    The new rules would, however, allow for businesses to make emergency robocalls and texts to wireless users in very specific circumstances — fraud alerts from a bank, for example — but these calls could not be used for marketing or debt collection. In addition, wireless subscribers will be given the ability to opt out of receiving these types of urgent messages.

    “Few things rankle consumers as much as unwanted calls and texts,” writes Wheeler, adding that rules need to adapt with the times. “The responsibility to protect consumers from robocalls that can be both costly and intrusive does not expire with changes in technology.”

    The proposal will be voted on at the Commission’s Open Meeting on June 18.



ribbi
  • by Chris Morran
  • via Consumerist


uTaco Bell Confirms It’s Testing Delivery Near College Campuses Because Obviouslyr


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  • When the folks at Taco Bell sat down to think about where they could find a population likely to want fast food Mexican fare delivered to their doorsteps, they likely didn’t have to work that one out for very long. After earlier reports that the chain might be testing delivery, Taco Bell confirms it’s trying things out in certain likely areas, namely college campuses.

    With dorm room upon dorm room and crappy apartment/house upon crappy apartment/house potentially sheltering hungry, young people who stay up late, places of higher learning seem to be a natural fit for Taco Bell. Heck, we had Taco Bell delivery in college but it was bribing that guy down the hall with beer so he’d run over at 4 a.m. and get everyone food.

    Speaking during a conference this week, Yum! Brands CEO Greg Creed noted that it’s not all-day delivery everywhere, reports The Street.

    Instead, he said, “we are getting into tests, like near college campuses.” You know, go where the mouths are.

    The challenge here of course, will be getting Taco Bell’s food from the restaurant to customers with significant breakdown in flavor and texture. Because as anyone who’s eaten cold Taco Bell knows, it’s best to get the job done while hot.

    Delivery might be the name of the game over at Yum! these days as Creed didn’t discourage the idea of KFC doing delivery one day too.

    “Temperatures for buckets of chicken hold up very well,” he said, adding, “I am very excited about delivery.”

    Taco Bell to Test Delivery to Some of Its Most Loyal Customers [The Street]



ribbi
  • by Mary Beth Quirk
  • via Consumerist


uCould Takata’s Replacement Airbags Be Just As Dangerous?r


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  • Generally when consumers take their vehicles to a dealer for a recall remedy, they leave with the peace of mind that the potential safety issue has been fixed. That may not end up being the case for more than 34 million recently recalled vehicles equipped with Takata airbags, as the parts manufacturer, automakers and federal regulators struggle to determine why the safety devices have the tendency to spew pieces of shrapnel upon deployment.

    Reuters, citing industry insiders, reports that because no definitive reason has been identified for the airbag’s explosive proclivity – which has been linked to six deaths and 105 injuries – there is no way to know for certain that new replacement airbags won’t need to be replaced themselves one day.

    If the separate investigations by the auto parts maker, eleven automakers and U.S. regulators find that the root cause of the defect wasn’t addressed before Takata began producing replacement parts, vehicle owners will have to endure the recall process once again.

    “If you don’t find out the root cause, who knows? We may have this same discussion again in four, five, six, seven, 10 years,” David Kelly, a former National Highway Traffic Safety Administration executive now investigating the Takata inflators on behalf of automakers, tells Reuters.

    Automakers have each taken their own steps to determine why the airbags explode with enough force to injure or kill passengers and drivers.

    Honda – which has been linked to all six deaths related to the airbag defect – has been conducting its own tests on used and scrapped airbags.

    Two employees of the company tell Reuters that preliminary testing has indicated the issue is related to Takata’s manufacturing qualities.

    For its part, Takata says it is “confident that our new airbags are safe,” even as its Quality Assurance Panel continues to work to ensure “Takata’s current manufacturing procedures meet best practices.”

    While the company has quietly been investigating the airbag issue for more than seven years, it has only narrowed the search to “preliminary conclusions” linked to multiple factors.

    Most recently the company has used a number of processes to review more than 45,000 inflators over the last year including administering ballistic tests, dissections, propellant analysis and CT scans, Reuters reports.

    When automakers began recalling vehicles equipped with the airbags in force last summer, Takata and regulators said that issues with the airbags may have been caused by the presence of moisture. That led automakers to limit recalls to areas of high humidity, such as the southern United States.

    Investigators have also looked at various factors such as the design of the inflators and airbags, the shape of the explosive propellant used to deploy the bag and vehicle design as potential reasons for the defect.

    Back in October, investigators began to focus on the unusual explosive chemical – ammonium nitrate – used in Takata’s airbags.

    Chemicals have long been the powerful mechanism behind airbags. That’s why after some crashes, the driver or front-seat passenger in a vehicle may have chemical burns on their skin.

    Typically the inside of an airbag contains an igniter that heats an aspirin-sized tablet of compressed chemical. The ensuing reaction fills the airbag with gas, inflating it at speeds reaching a few hundred miles per hour.

    Takata began using ammonium nitrate in its airbags in the late 1990s, because of the chemical’s ability to make airbags inflate in a matter of milliseconds.

    Officials familiar with the investigations into the airbags say the chemical is still being considered as a contributing factor in the explosions.

    However, since Takata began making replacement parts for the recalled vehicles, the company has added materials that gather and hold moisture to the chemical mix in an effort to make the device safer.

    “We have a lot of work to do, especially with regard to why this happened in the first place,” U.S. Transportation Secretary Anthony Foxx tells Reuters.

    Despite the number of unknowns when it comes to Takata’s original airbags and its new replacement parts, regulators have said the new devices are safer.

    “The concern is, are they safe over the long-term? That has yet to be determined,” Mark Rosekind, head of NHTSA, previously said.

    Takata faces questions over air bag fix as recalls expand [Reuters]



ribbi
  • by Ashlee Kieler
  • via Consumerist