Aging Motrin recalled for ineffectiveness
TRENTON, N.J. (AP) -- Health care giant Johnson & Johnson has issued another recall of Motrin pain relievers, at least the sixth in two years.
It's part of a string of more than two dozen recalls of consumer health products, prescription drugs and medical devices over 2 1/2 years.
This time, it's because Motrin IB pills may not dissolve and begin working as soon as intended as they approach their three-year expiration date. That could delay relief of pain.
The recall covers Motrin IB coated caplets and coated tablets, in packages of 24 pills or 30 pills.
A company spokeswoman said Thursday that J&J is only recalling packages from retailers, not consumers, because there's no safety concern.
Consumers with questions can call J&J's Consumer Call Center at (888) 222-6036 from 8 a.m. to 8 p.m. Monday through Friday.
Netflix CEO to pay for gaffes
SAN FRANCISCO (AP) -- Netflix CEO Reed Hastings will pay a $1.5 million penalty for the management blunders that alienated the video subscription service's customers and pulverized its stock.
The punishment will be delivered with a 50 percent reduction in his stock option awards next year. The company disclosed that in regulatory documents Thursday.
Instead of the $3 million stock option allowance he received this year, Hastings will get $1.5 million in 2012. His salary will remain unchanged at $500,000.
Netflix declined to comment on the changes.
Hastings has repeatedly said he mismanaged how the company told customers in July that prices in the United States would go up as much as 60 percent. Since then, Netflix has lost at least 800,000 U.S. subscribers while its stock has plunged 75 percent.
Canadian regulator vetoed
OTTAWA, Ontario (AP) -- Canada's top court ruled Thursday against the federal government's attempt to establish a national securities regulator.
In a unanimous opinion, nine justices of the Supreme Court of Canada said Ottawa cannot usurp the constitutional jurisdiction of provinces in the day-to-day regulation of securities.
Canada is the only major developed economy that doesn't have a national securities regulator. Each of Canada's 10 provinces and three territories has its own regulator.
Finance Minister Jim Flaherty said in a statement that it's clear they cannot proceed with the legislation.
Flaherty has been trying for five years to dismantle the fragmented regime regulating securities that allows each province to set rules on trading and related matters.
American can buy planes
NEW YORK (AP) -- A bankruptcy judge said Thursday that the parent of American Airlines can go ahead with its previously scheduled deliveries of Boeing aircraft next year.
U.S. Bankruptcy Judge Sean Lane ruled that AMR Corp. can continue the process of purchasing 32 Boeing planes. The ruling allows the company to continue renewing its fleet following its filing for Chapter 11 bankruptcy protection Nov. 29.
AMR has stressed the importance of the aircraft purchases, saying they will improve American's competitiveness and help lower its massive fuel bill as it replaces older gas guzzlers. American has the second-oldest fleet among major airlines behind Continental, according to aviation consulting firm Ascend. Its planes are 15 years old, on average.
American also won court approval for getting out of leases for two dozen aging aircraft.
None of the planes are in service.
AMR said it no longer makes financial sense to keep them.
Kissing Bridge to open
Kissing Bridge in Glenwood will open for its 51st season of skiing and snowboarding at 9 a.m. Monday at its central area.
Two trails and two lifts will be open, with additional slopes expected to open as conditions permit.
Holiday Valley in Ellicottville opened for the season earlier this month.