Officials and Citigroup, Inc. said in an effort to settle multiple state and federal government investigations, the company will pay $7 billion in consumer relief and cash regarding its sale of substandard mortgage investments during the subprime housing boom. The company is paying the amount as follows: $4 billion in civil fines and $500 million […]
Popular marketplace Fiverr.com recently implemented a new feedback system dubbed Advanced Rating System (ARS), designed to create a “better, more transparent community for buyers and sellers”. Sellers and buyers alike don’t feel that way and have planned a protest day on July 1. On Tuesday, many sellers will suspend their gigs, going on “vacation” or […]
Several consumer and auto safety organizations have put a petition into the Federal Trade Commission about the vehicles CarMax, a used car sales company, is selling. If the FTC supports the organizations, CarMax would have to immediately stop advertising their vehicles as being certified and quality inspected so long as the recalled cars have not […]
Whole Foods customers tend to pay a lot of money for their groceries – one of the reasons the store was nicknamed “Whole Paycheck”. However, a recent California investigation unveiled a tactic the store was doing that illegally overcharged their customers. And, because of their illegal action, they have been court-ordered to pay an $800,000 […]
Honda Motor Company of Japan is recalling more than two millions vehicles around the world for a defect in the airbag that could cause a fire. According to Honda, the 2,033,000 vehicles, manufactured between August 2000 and December 2005, were sold in Japan (668,000) and the North America (more than one million). There are 13 […]
General Motors could face another hefty fine due to an old e-mail from a GM employee warning the automaker about a possible “serious safety issue”. On Wednesday, an e-mail dated Aug. 30,2005 was released during the House subcommittee meeting about GM’s delayed recall of nearly three million small vehicles with the affected ignition switch problem. […]
Tom Wheeler, the Federal Communications Commission Chairman, said he’s going to look into the reasoning of why people are not getting the good service they pay for to stream videos such as the ones from Netflix. Wheeler said he hates the idea of waiting for the buffering Netflix does, and he said consumers have a […]
Crude oil prices were pushed to their highest levels so far this year on Friday based on the civil unrest occurring in Iraq. According to a report, the worldwide demand for oil is likely to increase but the oil supplies in the country are not at an “instantaneous” risk. International Energy Agency, out of Paris, […]
eBay first felt that the information of its customers was safe after forensic investigators looked over the network security breach uncovered in the early part of May and making its discovery known this week to the public. That’s according to a senior executive with the company. The company has been scrutinized for its management and […]
Apple was recently awarded $120 million dollars against Samsung in its patent case. The jury bestowed amount is far less than the $2 billion dollars Cupertino had hoped to receive from the company. Apple, in the meantime, will need to give the Korean electronics maker $158,400 for its own infringement. The trial started last month, […]