GM (GM) hasn't tested cars with faulty ignition switches to see if knee bumps from drivers can accidentally turn the engine off, Reuters reports. The issue is significant because company engineers complained as early as 2004 that such a knock could turn the engine off.
GM didn't assess its cars for the problem despite carrying out over 80 tests in order to persuade a judge that the vehicles are safe to drive as long the key ring doesn't have more than one key on it.
The judge seems to have concurred, as he ruled that GM doesn't have to instruct owners of cars falling under the ignition-switch recall to park their vehicles until they are fixed.
Procter & Gamble's (PG) Gillette is set to launch a new high-end razor called the ProGlide FlexBall, which incorporates a swiveling ball-hinge that enables the blade to pivot, the WSJ reports. The FlexBall is Gillette's first major upgrade since 2010.
P&G intends to start shipping the product in June and hopes to generate $188M in sales in the first year.
The company will set suggested prices of up to $12.59 for the razor and one cartridge, which could be a bit of risk given the emergence of low-cost competitors such as Dollar Shave Club.
P&G's grooming business is one of its most important, bringing in $8B in revenue in the last fiscal year, although that was down 3.7%.
The chain will use its expanded warranty coverage to offer more perks to consumers and will unveil 24/7 tech support.
What to watch: The electronics market has become more fragmented with larger chains such as Best Buy, hhgregg, and Conn's diversifying their product lines. If Sam's has an edge, it's with its dual value-service proposition.
The fast casual segment of the restaurant industry continues to create turmoil for the casual dining portion as improved quality and nimble service proves hard for consumers to ignore.
A smashing 13% gain in comp sales by Chipotle (CMG -4.2%) in Q1 demonstrates the ability of the fast-casual superstars (NDLS, PNRA) to continue to carve out market share even as the retail sector shows slow growth.
Restaurants analyst think the issue might run deeper than just a consumer unimpressed by an oversupply of undifferentiated dine-in brands. Regional chains and independent concepts have a significant culinary innovation advantage that could prove difficult for the larger casual dining chains to overcome.