Some bottled water has been recalled due to contamination, a study shows Internet service providers are slowing service, and Blackberry reported lower revenues. Here are the top news stories for June 23, 2015.
Consumer Goods Orders Up
The Commerce Department Tuesday said non-defense capital goods orders not including aircraft rose 0.4 percent in May, after a drop of 0.3 percent in April. The rebound is considered a tentative sign of stabilization in the manufacturing sector. Manufacturing has been affected by investment spending cuts due to the steep drop in oil prices last year as well as the continued strength of the U.S. dollar.
Messing With Your Internet
A study by an Internet activist group says many major service providers are slowing data from popular websites to thousands of businesses and residential customers throughout America. BattlefortheNet looked at 300,000 Internet accounts and found many cases of degradation on the networks of the five largest Internet providers, including AT&T, Time Warner and Verizon. The report came out a few weeks after the Federal Communications Commission introduced new rules regarding “net neutrality’’, which states that all data is to be treated equally and ISPs cannot hold traffic speeds for ransom for higher fees.
Teaching a Rabbit New Trix
General Mills announced Monday that it is going to remove artificial flavors and coloring from two of its most popular cereal brands by the end of 2015. Trix and Reese’s Puffs will be the first cereals to be altered. The company says it will use fruit and vegetable juices and spice extracts to achieve the colors that customers have grown accustomed to over the years. General Mills is going to replace all artificial flavoring and coloring in all of its cereal products by the end of 2017. “This was not easy. We looked at 100 different colors and we’ve tried 100 different bowls of cereal to make sure we got it right,’’ said General Mills Wellness Strategy Senior Manager Lauren Pradhan. The company says the price will remain the same on the altered products.
Bottled Water in Question
NBC in New York reports that several brands of bottled water produced by Niagara Bottling have been recalled due to E. coli contamination. The contamination was discovered in a water supply on June 10. E. coli is known to cause diarrhea and nausea. The news report said there have been no reports of injury or illness as of Monday afternoon. All water produced in the company’s plants in Hamburg and Allentown, Pa., between June 10 and June 18 were included in the recall. Niagara Bottling is urging customers to boil the water for one minute before consuming to eliminate the contamination.
Planet Fitness Trying to Get Healthy
Planet Fitness has filed plans for an initial public offering of as much as $100 million to raise funds for future needs. The filing with the Securities and Exchange Commission came after the fitness chain made a confidential submission for an IPO. Planet Fitness is based in New Hampshire and was founded in 1992. It is majority owned by private equality firm TSG Consumer Partners. It has 976 locations in the United States, Puerto Rico and Canada.
Blackberry Sees Drop in Revenues
Blackberry has reported a quarterly loss for the first quarter of 5 cents per share, as revenues fell from $966 million one year ago to just $658 million this year. In May, Blackberry acquired WatchDox, a data security company, but its company stock has dropped as much as 16 percent since the start of 2015. That is compared to the 15 percent increase in shares of iPhone seller Apple over the same period.