In Brief
CDC says E. coli cases keep comingNEW YORK — The Centers for Disease Control said it is investigating more recent cases of E. coli cases linked to Chipotle, and that it does not know yet if they are linked to a larger outbreak that began in October.So far, the agency says five people have been reported sick in the new outbreak, including one in Kansas, one in North Dakota and three in Oklahoma. It said Monday those illnesses started between Nov. 18 and Nov. 26, and that all five people said they ate at a Chipotle Mexican Grill the week before they got sick.Office supply deal strikes roadblockNEW YORK — Federal regulators rejected an offer from Staples to sell $1.25 billion in contracts, an attempt on the part of the office supply retailer to ease monopoly fears as it tries to acquire rival Office Depot.The Federal Trade Commission sought to block the deal earlier this month believing that a tie up between the last of the major retailers in the sector would throttle competition. Regulators said that competition between the two was crucial to keep prices fair.
BMW hit with fine for safety issuesDETROIT — U.S. safety regulators have slapped German automaker BMW with a $40 million penalty for moving too slowly to fix Mini brand cars that failed federal crash tests.The National Highway Traffic Safety Administration also said Monday BMW failed to send the agency accurate recall information. According to a consent order signed by the company, BMW must pay $10 million in cash and spend $10 million on steps to get into compliance. Another $20 million in fines must be paid if BMW doesn’t comply or commits other safety violations.It’s the second fine against BMW in three years for similar problems. The agency fined BMW $3 million in 2012.
Icahn boosts offer to buy Pep BoysNEW YORK — Pep Boys on Monday called a revised offer from billionaire Carl Icahn a “superior” bid, just days after the auto parts seller accepted a sweetened deal from tire company Bridgestone.Icahn Enterprises offered $16.50 for each share of Pep Boys on Friday, in a deal worth about $893 million. Icahn Enterprises previous offered $15.50 per share, and Bridgestone matched that offer shortly after.Pep Boys said Monday that it now prefers to take the offer from Icahn Enterprises and that Tokyo’s Bridgestone Corp. has until Wednesday to up its bid.
Toshiba to cut jobs amid record lossTOKYO — Toshiba plans to cut 7,800 jobs, mostly in its consumer-electronics business, as it reorganizes in the face of projected record losses for the current fiscal year.The Japanese conglomerate has been struggling with the aftermath of a major accounting scandal, compounded by troubles in nuclear energy and losses in the business that makes personal computers, TVs and consumer appliances.By The Associated Press
