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Nestle CEO apologises over instant formula recall
Reuters· 2026-01-14 07:24
Core Insights - Nestle's CEO Philipp Navratil has issued an apology to customers regarding the recall of certain batches of infant nutrition products across multiple countries [1] Company Summary - The recall affects dozens of countries, indicating a widespread issue with the affected products [1]
Nestle issues global recall of baby formula over potential bacterial contamination
New York Post· 2026-01-07 17:51
Nestle has issued a global recall of its SMA baby formula and follow-on formula over potential contamination with cereulide bacteria, which can cause persistent vomiting and diarrhea.The food giant – which also sells Nescafe, Purina pet food and Cheerios – announced Monday it was voluntarily recalling the product “out of an abundance of caution.”It said it is not aware of any illnesses linked to the products, but it is advising parents not to feed the formula to infants or young children.Nestle has issued a ...
Holiday barks sold at Aldi recalled over potential undeclared pecans, wheat: FDA
Fox Business· 2025-12-25 02:37
A recall of 5-ounce holiday bark products sold at Aldi stores across the country has been expanded amid concerns the treats may contain undeclared allergens, including pecans and wheat, according to the Food and Drug Administration. Silvestri Sweets issued a voluntary recall of its Choceur-branded Cookie Butter Holiday Bark over potential undeclared pecans and its Choceur-branded Pecan, Cranberry & Cinnamon Holiday Bark because it may contain undeclared wheat.The FDA said people with allergies to these item ...
US FDA sends warning letters to Walmart, Target for selling recalled baby formula
Reuters· 2025-12-15 18:54
Core Viewpoint - The U.S. Food and Drug Administration (FDA) has issued warning letters to four major retailers for selling baby formula associated with a bacterial illness outbreak in infants, despite prior advisories [1] Group 1: Regulatory Actions - The FDA's warning letters highlight ongoing concerns regarding the safety of baby formula products in the market [1] - The retailers involved have been identified as continuing to sell products linked to the outbreak, raising questions about compliance with health regulations [1] Group 2: Health Implications - The bacterial illness outbreak has significant implications for infant health, necessitating immediate action from both retailers and regulatory bodies [1] - The situation underscores the importance of stringent safety measures in the baby formula industry to protect vulnerable populations [1]
Mondelēz Global LLC Conducts Limited Voluntary Recall of 1 SKU of RITZ Peanut Butter Cracker Sandwiches in New York, New Jersey, Pennsylvania, Georgia, Arkansas, Missouri, Oklahoma, and Alabama
Globenewswire· 2025-11-28 23:22
Core Points - Mondelēz Global LLC announced a voluntary recall of 70 cases of RITZ Peanut Butter Cracker Sandwiches due to potential mislabeling, affecting specific states in the U.S. [1][5] - The recall is precautionary and does not expand on a previous recall from July, focusing solely on one SKU and two code dates [1][5]. - No injuries or illnesses have been reported related to this product, and corrective actions are being implemented [5]. Product Details - The affected product is the 27.6 oz. RITZ Peanut Butter Cracker Sandwiches, with UPC 44000 07584 2, and Best When Used By Dates of January 8, 2026, and January 15, 2026 [3]. - Only the cartons labeled as Peanut Butter may be incorrectly identified as Cheese variety, posing a risk to individuals with peanut allergies [2][4]. - All outer cartons are correctly labeled and include an allergen advisory statement indicating the presence of peanuts [2]. Consumer Guidance - Consumers with peanut allergies are advised not to consume the affected products and to discard them [6]. - The company has provided a contact number for consumers to reach out for further information regarding the recall [6]. Company Overview - Mondelēz International, Inc. reported net revenues of approximately $36.4 billion in 2024, with a portfolio of iconic brands including OREO, RITZ, and CADBURY [7]. - The company operates in over 150 countries and is a member of major stock indices such as the S&P 500 and Nasdaq 100 [7].
As Recalls Pile Up, What's Next For Ford Stock?
Forbes· 2025-07-15 09:40
Core Insights - Ford Motor is facing significant scrutiny regarding vehicle quality and safety standards, leading the U.S. auto industry in safety recalls, with 88 recalls in the first half of 2025, over four times that of the next manufacturer [2] - The company reported a major recall involving 850,000 pickup trucks and SUVs due to potential fuel pump failures, which could lead to engine stalling [2] - Ford's stock has declined approximately 15% over the past 12 months, contrasting with an 11% gain in the S&P 500, indicating investor concerns about operational and reputational challenges [2] Recall Impact - The rising number of recalls is expected to incur substantial costs for Ford, including expenses for parts, labor, and logistics [3] - Ongoing safety concerns may undermine consumer trust and Ford's reputation for reliability, risking market share to competitors perceived as more reliable [3] - CEO Jim Farley acknowledged that Ford is lagging behind Chinese automakers in the electric vehicle market [3] Financial Performance - Warranty costs have increased by 22% to $6 billion in 2024, primarily due to recall-related repairs, putting pressure on margins and complicating profitability [4] - Ford anticipates a loss of between $5 billion and $5.4 billion in its electric vehicle segment this year [4] Quality Improvement Efforts - To address quality and cost challenges, Ford is enhancing internal testing and product validation, with a focus on identifying defects earlier in the development phase [5] - The company has indicated that it may take up to 18 months for these changes to result in reduced warranty claims and improved product reliability [5] Sales Performance - Ford reported a year-over-year sales increase of 14.2% in the U.S. during Q2 2025, reaching 612,095 units, driven by strong demand for pickups [6] - F-Series sales grew by 11.5% to 222,459 units, marking the best Q2 since 2019 [6] - The Maverick recorded a record quarter with 48,041 units sold, with nearly 60% of buyers being new to the Ford brand [7] Market Context - The EV market is experiencing a slowdown, with Tesla seeing a nearly 14% drop in deliveries during Q2, potentially providing Ford with more time to generate revenue from gas-powered vehicles [7]