moneytime

January 6th, 2014
10:30 AM ET

New Corvette to Come with Built-in Dashcam

It looks like a video game, but is real life.

General Motors unveiled on Sunday a system that pulls together driving performance data with dashcam video - giving drivers of its flashy Stingray sports car a way to record and share their experience behind the wheel.

The Performance Data Recorder will be available on the 2015 Corvette Stingray, the automaker said, calling it an "industry first."

See this story and more in today's "Money Time" segment with Christine Romans.

Posted by
Filed under: moneytime • News • Videos
January 2nd, 2014
09:50 AM ET

Fiat to Buy Full Control of Chrysler

U.S. automaker Chrysler will become fully owned by Italy's Fiat under terms of an agreement announced Wednesday that also involves the United Auto Workers union.

The agreement comes more than 4-1/2 years after the Obama administration brought Fiat in to keep Chrysler in business as part of a packaged bankruptcy proceeding.

See this story and more in today's "Money Time" with Alison Kosik. 

Posted by
Filed under: moneytime • News • Videos
December 30th, 2013
09:08 AM ET

Vending Machines to Display Calories

We all know that moment – it's the middle of the afternoon, your stomach is grumbling, and that vending machine full of snacks is calling your name. But what if the machine listed all the glorious calories loaded in those snacks?

Would that affect your decision?

Well, the hope is that it might.

Starting next year, about five million vending machines nationwide will be required to display calorie information as a part of Obamacare.

“The new rules apply to more than 10,000 vending machines companies nationwide that operate 20 or more machines,” reports CNN’s Christine Romans.

The result will be similar to calorie count menus in restaurants; customers will see the calories next to their snack choice.

The FDA hopes this will help consumers go for alternatives and stick to their new year’s resolutions. But the program won’t be cheap.

Romans says: “The FDA estimates it’s going cost the industry about $25.8 million, maybe $24 million every year after that.”

However the, FDA  points out that if just 0.2% of obese adults ate 100 fewer calories a week, it would save $24 million or more a year in annual health care costs.


Filed under: Health • moneytime • News • Social • Videos
December 26th, 2013
08:17 AM ET

Couple Sues Company After They're Fined $3,500 for Review

A Utah couple who was fined $3,500 for writing a negative review of Kleargear.com is now suing the merchant for retaliating against them, according to a lawsuit filed Wednesday on the couple's behalf by Public Citizen.

Their story - first reported by CNN's affiliate in Salt Lake City KUTV– started in 2008 when John Palmer bought his wife's Christmas gifts off KlearGear.com. The items never arrived and the Palmers said the transaction was automatically canceled, CNN’s Pamela Brown reports.

After repeated calls to KlearGear.com to find out what happened, Jen Palmer posted a review of the company on RipoffRreport.com saying in part,"There is absolutely no way to get in touch with a physical human being. No extensions work."

More than three years later, the Palmers received an e-mail appearing to be from KlearGear.com stating that they would be fined $3,500 if the negative review posted on RipoffReport.com wasn't taken down within 72 hours.

"It's ridiculous that anyone would turn around and try to extort us like this, especially for doing something as simple as posting a review online," Jen Palmer says.

“But the Palmers apparently signed away that freedom when they agreed to Kleargear.com's non -disparagement clause forbidding them from taking any action that negatively impacts Kleargear.com,” Brown says.

The Palmers tried to take the review down but couldn't and Kleargear apparently reported the $3,500 bill as unpaid to a collections company. Attempts to settle this amicably turned up empty as the couple never heard back from the company.

According to the Palmer's, the company left them with no choice but to file a lawsuit.

“They are asking the court to declare they never owed the $3500 and are seeking compensation to be determined by a jury,” Brown says.

CNN repeatedly tried reaching out to Kleargear's phone number and email on its website but did not hear back.

Kleargear.com did respond via email back in November to CNN affiliate, KUTV,  defending its actions saying, the request for the Palmers to take down their comment was not blackmail, but  “a  diligent effort to help them avoid the fine.”

Posted by ,
Filed under: Internets • moneytime • News • Social • Tech • Videos
« older posts
newer posts »
Follow

Get every new post delivered to your Inbox.

Join 349 other followers