Ikea repeats safety warning after another tragic accident
Ikea has repeated its safety warning about its Malm budget furniture range after a third child was crushed to death when a chest of drawers fell on him.
The retailer was forced to issue advice about the range in July last year after two children were killed in separate incidents in 2014.
In the latest accident, 22-month-old Ted McGee tipped a wooden chest of drawers on to himself at his home in Minnesota in February.
Ikea said the chest was not fixed to the wall and issued another safety warning to parents.
An Ikea spokesperson said: "We at Ikea offer our deepest condolences to the McGee family. At Ikea, we believe children are the most important people in the world and the safety of our products is our highest priority. Upon being informed of this incident Ikea US immediately reported it to the authorities and an investigation is taking place. Ikea US has been advised that the product was not attached to the wall, which is an integral part of the products’ assembly instructions."
Source: The Guardian
Sky profits surge 12%
Sky has reported profits are up 12% to £1.1 billion only weeks after it announced a price hike for customers.
Last month customers were informed they will have to pay up to £30 more a year for their TV package once the price rises kick in on 1 June 2016.
Revenues at Sky rose 5% to £8.7 billion in the nine months to March, driven by strong growth in Europe. Sky also revealed that 177,000 new customers signed up in its third quarter.
Sky chief executive Jeremy Darroch said: "Our strategy to broaden our business, expanding into new markets and customer segments, has delivered further excellent financial results."
Customers were told last month about price hikes on the Original bundle, whcih means they could be paying up to £270 a year on TV.
Source: Daily Mirror
VW preparing $1bn compensation and buy back deal
Volkswagen is reportedly preparing to reveal a deal to compensate US owners of almost 600,000 diesel cars fitted with software designed to cheat emissions tests.
A source told the AP news agency that a judge in San Francisco would be briefed on the agreement following talks between VW, the US government and lawyers.
Under the "deal in principle", VW would spend over $1bn to compensate owners of the diesel cars affected and it will also offer to buy back some of the vehicles.
The emissions cheating device was fitted to 11m cars worldwide, including 1.2m sold in Britain.
Source: Sky News