DETROIT — Aston Martin said on Thursday its expanded recall of accelerator pedals in 17,590 sports cars would not result in a material added cost beyond its previous estimate of 1.5 million British pounds($2.45 million).
The British luxury sports carmaker announced the expanded recall on Wednesday after discovering a Chinese sub-supplier was using counterfeit plastic material in the pedals. Read more
Posted in News
Tagged aston, martin, recall
SAN FRANCISCO — Memory chipmaker SanDisk (SNDK.O) said on Wednesday its fourth-quarter profit and revenue exceeded expectations as the adoption of solid-state drives helped boost demand for its chips.
SanDisk, which sells chips to device makers of smartphones, cameras and other mobile devices, is increasingly using NAND chips in its own branded solid-state drives that are sold directly to companies and consumers.
Southwest Airlines (LUV.N) is looking for opportunities to add service in markets where other legacy carriers have scaled back, the budget carrier’s Chairman and Chief Executive Gary Kelly said on Monday.
These growth opportunities are «very exciting for all of our employees who want to do more,» Kelly said in an interview.
Kelly said Dallas-based Southwest was paying «close attention» to cities such as Memphis, Tennessee — a former Northwest Airlines hub and a market where Delta Air Lines (DAL.N) reduced flights in last year — as well as Cleveland, a city that United Continental Holdings (UAL.N) recently said it would drop as a hub.
BOSTON — The Federal Trade Commission on Friday refused to tip its hand on how it may be react to allegations that Herbalife is a fraud, but said it is taking a lawmaker’s concerns about the company seriously and underscored its record of shutting down pyramid schemes.
Billionaire investor William Ackman put a spotlight on the company when he made a $1 billion bet more than a year ago that the nutrition and weight loss firm is running a pyramid scheme and will go bust under regulatory scrutiny. Read more
Posted in Money
Tagged herbalife, said, that