Business in brief: J & J expands recall of OTC medicines
FORT WASHINGTON, Pa. — Johnson & Johnson is expanding a months-old recall of certain over-the-counter medicines due to complaints about a moldy smell that can cause nausea and sickness.
The company is expanding a Jan. 15 recall to four lots of Benadryl Allergy Ultratablets and one lot of Extra Strength Tylenol. The products were distributed in the U.S., Puerto Rico, Bermuda and Tobago.
The odor associated with the products came from a chemical used to treat wooden pallets that transport and store medication packaging materials.
Error messages slow orders for iPhones
NEW YORK — Apple and AT&T started taking orders for the coming iPhone model on Tuesday, but buyers reported problems getting their orders registered.
Shoppers said they were met with error messages on the company websites, and lines formed in stores as clerks tried to get orders into their systems.
Computer systems at Apple Inc., the maker of the phone, or AT&T Inc., its exclusive U.S. carrier, have had various problems meeting demand for the iPhone every year since the first one launched, in 2007.
From wire reports
•Shares of options exchange CBOE Holdings Inc., the last major U.S. exchange to go public, jumped in their trading debut, posting a double-digit first-day gain. CBOE’s shares priced at top of the range that the company and its underwriters were targeting. The shares opened at $32.80, 13 percent above their offering price of $29 and climbed as high as $33.75. The stock, trading on the Nasdaq Stock Market under the symbol “CBOE,” rose $3.49, or 12 percent, to close Tuesday at $33.49.
•Spirit Airlines and its striking pilots started negotiating again on Tuesday, looking for common ground to end a 4-day-old walkout that has grounded the discount carrier. Spirit canceled all of its flights through Thursday. The strike began Saturday, when pilots rejected a company offer because they wanted larger raises than Spirit was offering. Spirit hasn’t flown since then.
•Electric car maker Tesla Motors Inc. expects to raise $185 million from its highly anticipated initial public offering of stock and an investment from Toyota Motors Corp. The company, which makes the $109,000 all-electric Roadster sports car, plans to begin selling stock the week of June 28, according to IPO research firm Renaissance Capital.
•Sony is moving forward with 3-D and motion-control gaming. During the game maker’s E3 press conference, Sony announced 20 3-D games would be released for PlayStation 3 by March 2011 while 40 games that use Move, the console’s new motion-control system, would be out for the holiday season.
•MGM Mirage is now MGM Resorts International after shareholders of the casino operator approved a name change Tuesday in a move to emphasize the brand’s scope.
•DirecTV Inc. is joining forces with a company owned by its cable rivals to sell local advertising spots coast-to-coast for the first time. The nation’s largest satellite TV company on Tuesday unveiled a partnership with NCC Media, an advertising sales firm owned by cable companies Comcast Corp., Time Warner Cable Inc. and Cox Communications Inc.
•Boeing said it is boosting plans for production of the 737 jet in 2012, anticipating long-term growth in demand for the commercial plane. Boeing said it will make 35 per month beginning in early 2012.