Business

BlendJet recall of millions of blenders over fire hazard, breaking blades includes 117,000 in Canada

Published

10 months ago

December 29, 2023

BlendJet is recalling millions of portable blenders over laceration and fire hazards after receiving dozens of reports of injuries, U.S. regulators said Thursday.

The U.S. Consumer Product Safety Commission (CPSC) says the recall covers about 4.8 million blenders in the U.S. and about 117,000 were sold in Canada.

BlendJet 2 Portable Blenders can overheat or catch fire, according to the CPSC, and their blender blades can break off while in use.

There have been 329 reports of blades breaking during use, the CPSC said, as well as 17 reports of overheating or fires that resulted in about $150,000 US in property damage claims. The company has also received 49 reports of minor burn injuries and one reported laceration injury.

Regulators urged consumers to stop using the recalled blenders immediately and contact BlendJet for a free base unit replacement. To receive the replacement part, customers will need to remove and cut up the base’s rubber seal and email or upload a photo using BlendJet’s website

Impacts older blenders

BlendJet said in a prepared statement that the recall impacts older Blender 2 blenders. It said BlendJet 2 blenders now available for purchase through the company’s website and retail partners have updated components and are not subject to the recall.

“Out of an abundance of caution, our company updated the base of the BlendJet 2 to feature thicker blades and an improved electrical configuration,” BlendJet wrote in a Thursday release. “These updates were incorporated many months ago into all BlendJet 2 devices manufactured by the company.”

BlendJet 2 blenders with serial numbers that begin with numbers 5543 or higher are not under recall, the Benicia, Calif., company said. Consumers can also confirm whether or not their blender under recall by furnishing product information on BlendJet’s website or contacting the company.

According to the CPSC, the recalled BlendJet Portable Blenders were sold between October 2020 and November 2023 online, and in stores at retailers including Costco, Walmart and Target.

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Business

TC Energy cuts cost estimate for Southeast Gateway pipeline project in Mexico

Published

19 hours ago

November 7, 2024

Anne Joseph

CALGARY – TC Energy Corp. has lowered the estimated cost of its Southeast Gateway pipeline project in Mexico.

It says it now expects the project to cost between US$3.9 billion and US$4.1 billion compared with its original estimate of US$4.5 billion.

The change came as the company reported a third-quarter profit attributable to common shareholders of C$1.46 billion or $1.40 per share compared with a loss of C$197 million or 19 cents per share in the same quarter last year.

Revenue for the quarter ended Sept. 30 totalled C$4.08 billion, up from C$3.94 billion in the third quarter of 2023.

TC Energy says its comparable earnings for its latest quarter amounted to C$1.03 per share compared with C$1.00 per share a year earlier.

The average analyst estimate had been for a profit of 95 cents per share, according to LSEG Data & Analytics.

This report by The Canadian Press was first published Nov. 7, 2024.

Companies in this story: (TSX:TRP)

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Business

BCE reports Q3 loss on asset impairment charge, cuts revenue guidance

Published

19 hours ago

November 7, 2024

Anne Joseph

BCE Inc. reported a loss in its latest quarter as it recorded $2.11 billion in asset impairment charges, mainly related to Bell Media’s TV and radio properties.

The company says its net loss attributable to common shareholders amounted to $1.24 billion or $1.36 per share for the quarter ended Sept. 30 compared with a profit of $640 million or 70 cents per share a year earlier.

On an adjusted basis, BCE says it earned 75 cents per share in its latest quarter compared with an adjusted profit of 81 cents per share in the same quarter last year.

“Bell’s results for the third quarter demonstrate that we are disciplined in our pursuit of profitable growth in an intensely competitive environment,” BCE chief executive Mirko Bibic said in a statement.

“Our focus this quarter, and throughout 2024, has been to attract higher-margin subscribers and reduce costs to help offset short-term revenue impacts from sustained competitive pricing pressures, slow economic growth and a media advertising market that is in transition.”

Operating revenue for the quarter totalled $5.97 billion, down from $6.08 billion in its third quarter of 2023.

BCE also said it now expects its revenue for 2024 to fall about 1.5 per cent compared with earlier guidance for an increase of zero to four per cent.

The company says the change comes as it faces lower-than-anticipated wireless product revenue and sustained pressure on wireless prices.

BCE added 33,111 net postpaid mobile phone subscribers, down 76.8 per cent from the same period last year, which was the company’s second-best performance on the metric since 2010.

It says the drop was driven by higher customer churn — a measure of subscribers who cancelled their service — amid greater competitive activity and promotional offer intensity. BCE’s monthly churn rate for the category was 1.28 per cent, up from 1.1 per cent during its previous third quarter.

The company also saw 11.6 per cent fewer gross subscriber activations “due to more targeted promotional offers and mobile device discounting compared to last year.”

Bell’s wireless mobile phone average revenue per user was $58.26, down 3.4 per cent from $60.28 in the third quarter of the prior year.

This report by The Canadian Press was first published Nov. 7, 2024.

Companies in this story: (TSX:BCE)

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Business

Canada Goose reports Q2 revenue down from year ago, trims full-year guidance

Published

19 hours ago

November 7, 2024

Anne Joseph

TORONTO – Canada Goose Holdings Inc. trimmed its financial guidance as it reported its second-quarter revenue fell compared with a year ago.

The luxury clothing company says revenue for the quarter ended Sept. 29 totalled $267.8 million, down from $281.1 million in the same quarter last year.

Net income attributable to shareholders amounted to $5.4 million or six cents per diluted share, up from $3.9 million or four cents per diluted share a year earlier.

On an adjusted basis, Canada Goose says it earned five cents per diluted share in its latest quarter compared with an adjusted profit of 16 cents per diluted share a year earlier.

In its outlook, Canada Goose says it now expects total revenue for its full financial year to show a low-single-digit percentage decrease to low-single-digit percentage increase compared with earlier guidance for a low-single-digit increase.

It also says it now expects its adjusted net income per diluted share to show a mid-single-digit percentage increase compared with earlier guidance for a percentage increase in the mid-teens.

This report by The Canadian Press was first published Nov. 7, 2024.

Companies in this story: (TSX:GOOS)

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