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October 2013

JPMorgan Chase admits reckless conduct, pays $100 million fine to settle ‘London Whale’ swaps trades charges

JPMorgan Chase Bank, the nation’s largest bank, admitted that its traders acted recklessly and agreed to pay a $100 million fine to settle charges it used a manipulative device in connection with the bank’s trading of credit default swaps. The U.S. Commodity Futures Trading Commission issued an order Wednesday bringing... Read more →


The empty nest, parenting, visioning, health, and aging are the topics for this week’s Best of Boomer Blogs

Tom Sightings of Sightings Over Sixty is the host for this week’s Best of Boomer Blogs #329. The boomer blog roundup is a collection of like-minded blogs cooperating to share their best stories of interest to the Baby Boomer Generation. This week, boomer bloggers are offering a sprinkling of advice,... Read more →


Consumer Food Safety Alert: Multistate outbreak of drug resistant Salmonella Heidelberg infections linked to Foster Farms brand chicken

As of Oct. 11, 317 persons from 20 states and Puerto Rico have been infected with seven outbreak strains of Salmonella Heidelberg. Forty-two percent people who have become ill have been hospitalized, and no deaths have been reported, said the Centers for Disease Control and Prevention. Most of those who... Read more →


Empty nesters want kids to move out and move on

Photo: Finn Rindahl Empty nesters are enjoying better social lives, traveling more frequently, and having more financial freedom. In a survey of 509 adults age 40 to 70, nine out of 10 empty nesters, defined as those whose children have permanently moved out of the home, indicate they’re happy and... Read more →


FDA issues warning about IV antibiotic tigecycline

The U.S. Food and Drug Administration is issuing a warning of an increased risk of death when intravenous Tygacil or tigecycline is used for FDA-approved or non-approved uses. A new boxed warning about this risk will be added to the tigecycline drug label and included in the Warnings and Precautions... Read more →


Smartphones, sports, home care, fitness, and the government shutdown are the topics for this week’s Best of Boomer Blogs

Laura Lee Carter of the Midlife Crisis Queen is the host for this week’s Best of Boomer Blog #328. The boomer blog roundup is a collection of like-minded blogs cooperating to share their best stories of interest to the Baby Boomer Generation. In Northern Colorado, where Laura lives, beautiful fall... Read more →


Recall of the Week: APC SurgeArrest surge protectors due to fire hazard

Schneider Electric IT Corp. is recalling about 15 million APC SurgeArrest surge protectors. The surge protectors can overheat, smoke, and melt, posing a fire hazard, said the company and the U.S. Consumer Product Safety Commission. The firm has received 700 reports of the surge protectors overheating and melting and 55... Read more →


New federal report shows credit law reducing credit costs, penalty fees but more work needed

Consumers Union, the advocacy arm of Consumer Reports, said Tuesday a new report on credit cards by the Consumer Financial Protection Bureau indicates the Credit Card Accountability Responsibility and Disclosure Act of 2009 has delivered real benefits and savings for consumers, products and practices still exist in the marketplace where... Read more →