The Biggest Recalls of 2011
In August, Battat Inc. recalled more than 1 million toy keys for posing a choking hazard to children. According to the U.S. Consumer Product Safety Commission, the New York-based manufacturer got 17 reports of keys breaking and 14 reports of key rings breaking, though no injuries have been reported.
Overall, though, toy safety issues were less prevalent in the toy industry in 2011. The CPSC announced in November that toy recalls have decreased steadily since 2008, thanks to stricter regulations and heightened safety requirements.
Philips Lighting recalled approximately 1.9 million light bulbs for posing a laceration hazard in August. According to the CPSC, Phillips got 700 reports of the glue failing, which caused the bulb's outerwear to fall off and led to two reports of minor injury and three reports of minor property damage.
Toxic candy bars
In January, Indiana-based Candy Dynamics recalled all its Toxic Waste brand Nuclear Sludge bars for, well, living up to their name. According to the FDA, the bars contained 24 times the accepted level of lead.
Right in time for Memorial Day weekend, Stihl recalled 2.3 million plastic gas caps due to gas tank expansion from regulated fuel additives. The recallinvolved gas-powered Stihl trimmers, brushcutters, KombiMotors, hedge trimmers, edgers, clearing saws, pole pruners and backpack blowers that use a tool-less fuel cap. The caps would become loose and potentially spill gas. Stihl got 81 reports of difficulty installing and/or removing the fuel caps and reports of fuel spillage, but at the time no injuries had been reported. Candles
Back in April, Pacific Trade International recalled approximately 7.5 million assorted candles for being -- wait for it -- a fire hazard. While you wonder when isn't a candle a fire hazard, the CPSC explained that these were particularly problematic because they came in clear, plastic cups that "can melt or ignite" and burn consumers or their houses. The candles were sold in Fred Meyer, HomeGoods, Marshalls, Super Value, Target, T.J.Maxx and Wegmans stores nationwide between July 2009 and February 2011 for between $1 and $12. At the time of the recall, the CPSC said the company had received one report of the plastic cup melting while in use. No injuries or property damage had been reported.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV