Franchise Herald

Jan 24, 2025 | franchiseherald.com | Madz Dizon

Purdue Pharma, along with the Sackler family, has agreed to pay $7.4 billion to resolve claims related to their role in the opioid epidemic. The settlement, announced by New York Attorney General Letitia James, involves 15 states and is one of the largest settlements ever reached in the opioid litigation.

Jan 24, 2025 | franchiseherald.com | Madz Dizon

Fitbit, a Google-owned fitness technology company, will pay $12.25 million as part of a settlement with the US Consumer Product Safety Commission (CPSC). The penalty stems from issues with its Ionic smartwatches, which were found to overheat and cause burns to customers. Fitbit Faces Backlash Over Ionic Smartwatch Burns, 78 US Injuries ReportedThe problem, which first surfaced in 2018, involved the devices' lithium-ion batteries.

Jan 24, 2025 | franchiseherald.com | Madz Dizon

First Aid Beauty has issued a nationwide recall of its popular Ultra Repair Cream after 2,756 jars intended for quarantine were mistakenly distributed to stores. The recall, announced on December 24, 2024, has been classified as a Class II risk by the Food and Drug Administration (FDA), meaning the product could cause temporary or reversible health effects, though serious risks are unlikely.

Jan 24, 2025 | franchiseherald.com | Madz Dizon

Ford is recalling over 270,000 vehicles due to a potential battery issue that could lead to power loss, posing safety risks. The recall, announced by the National Highway Traffic Safety Administration (NHTSA), affects 272,817 Ford Bronco Sport SUVs and Ford Maverick trucks from model years 2021 to 2023.

Jan 24, 2025 | franchiseherald.com | Madz Dizon

Walmart has announced a major salary increase for its top market managers, boosting their annual pay to as much as $620,000. These managers, responsible for overseeing approximately 12 stores each, will see their total compensation—combining base salary, bonuses, and stock grants—rise significantly. Walmart Increases Starting Salary for Market Managers to $160,000 AnnuallyWalmart is increasing the starting base pay for this role by nearly 25%, bringing it up to $160,000 annually, Forbes said.