Corporate Auditors Focusing On Cash And Securities Not so long ago, highly leveraged companies could get loans to bail themselves out. Now they can?t.... Read Full Article Pfizer Profit Beats Forecasts Pfizer Inc. said Wednesday that its fourth-quarter profit fell 70 percent from results a year ago that included gains on the sale of its consumer health business.... Read Full Article Sales Of Existing Homes Fell In April Sales of previously owned homes declined last month as the supply of unsold properties on the market ballooned and prices declined compared with those a year earlier.... Read Full Article American Teenager Becomes Popular Star In Brazil Leah Lynn Gabriela Fortune, a 17-year-old who speaks very little Portuguese and goes to school in the United States, is attracting a lot of attention as a member of Brazil’s under-20 squad.... Read Full Article Bangladesh Hangs 6 Islamist Militants In The Killings Of 2 Judges The case of the six Islamist militants convicted of murdering two judges has come to signify unusually swift justice.... Read Full Article |
Settlement Over ToysCHICAGO (AP) — The maker of Thomas & Friends Wooden Railway toys has agreed to pay $30 million to settle a nationwide class-action lawsuit by thousands of families who bought lead-tainted products, a plaintiffs’ lawyer said Wednesday. Under the deal, the company, RC2 Brands, will offer cash refunds or replacements toys, plus what the company calls a bonus toy; it also promises to put in place new quality controls, a plaintiff’s lawyer in the case, Jay Edelson, said. The lawsuit was filed in the Circuit Court of Cook County last year, and the court gave the settlement preliminary approval on Tuesday. The judge is expected to give final approval at a hearing set for May 6, Edelson said. The chief executive of RC2, Curt Stoelting, said the agreement builds upon “the many steps that we’ve taken to replace recalled products and improve product safety” and would help “continue to build parents’ trust.” Tag CloudExternal InformationAdditional InformationMcAfee Takes Charge to Extend Options Dates...Lloyds TSB sought £30bn loan for Rock bailout... Broadband battle lines drawn... Tempus comment: Full time... Where Am I?News Main Page - Business - Settlement Over Toys |
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