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Cordless Window Shades Battery Packs Recalled Due To Fire Hazard

3M Recalls Scotch Thermal Laminators

3M (MMM) has recalled over half a million Scotch thermal laminators due to fire hazard.

According to the Consumer Product Safety Commission, the product was recalled because a safety feature can malfunction if the laminator overheats, posing a fire hazard. About 516,500 laminators were recalled in the U.S. and about 3,560 were sold in Canada.

3M said it has received nine reports of the laminators catching on fire, including three reports of minor property damage. No injuries have been reported.

The recall involves the Scotch thermal laminators that are light gray/white in color with gray accents with the following model numbers: TL1302, TL1302VP, TL1302EF, and TL1302KIT.

Consumers should immediately unplug and stop using the recalled laminators and contact 3M for a full refund and instructions on how to properly dispose of the laminator. Consumers should fill out the online recall registration form.

The recalled products were sold at Walmart, Staples, Costco and other stores nationwide and online at Walmart.com, Amazon.com and Staples.com from April 2014 through October 2022 for between $35 and $90.

Treasury Announces Details Of Twenty-Year Bond Auction

The Treasury Department on Thursday announced the details of this month’s twenty-year bond auction.

The Treasury revealed plans to sell $12 billion worth of twenty-year bonds, with the results of the auction due to be announced next Wednesday.

Last month, the Treasury sold $15 billion worth of twenty-year bonds, attracting above average demand.

The Treasury announced the results of this month’s auctions of $40 billion worth of three-year notes, $32 billion worth of ten-year notes and $18 billion worth of thirty-year bonds earlier this week.

The three-year note auction attracted above average demand, while the ten-year note and thirty-year bond auctions attracted below average demand.

Domino’s Sets Up Business In Uruguay And Latvia

Pizza giant Domino’s Pizza (DPZ) is expanding its global presence by opening stores in two new countries – Uruguay and Latvia.

The company recently opened its first Domino’s store in Latvia in the city of Riga at Deglava 100 by master franchisee Morgacita Ltd. Meanwhile, the first Domino’s store in Uruguay was opened in Montevideo at 1163 Luis Alberto de Herrera by master franchisee Alsea.

Domino’s currently operates more than 19,500 stores in over 90 markets worldwide, with over half of its global retail sales coming from international stores.

Domino’s generated global retail sales of nearly $17.8 billion in 2021, with over $8.6 billion in the U.S. and over $9.1 billion internationally. In the third quarter of 2022, Domino’s had global retail sales of over $4.0 billion, with over $2.0 billion in the U.S. and nearly $2.0 billion internationally

“We are thrilled to bring such a globally prominent brand like Domino’s to Latvia,” said Laura Tomkeviciene, chief operating officer of Morgacita Ltd. “We are eager to offer our delicious products, exceptional service and innovative ordering technology to our new customers. This, combined with our extremely efficient delivery and carryout, will bring much success to the Latvia market.”

“I am very pleased to announce Alsea’s entry into Uruguay with the Domino’s brand, as it allows us to continue with our solid growth strategy,” said Armando Torrado, CEO of Alsea.

Markets Drop as Investors Fear the Effects of Higher Rates

Central bankers around the world have pledged to continue raising interest rates even as economies slow.

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Sundance Spas Recalls Jacuzzi And Sundance Spas Brand Hot Tubs

Sundance Spas has recalled about 23,700 Jacuzzi and Sundance Spas brand hot tubs due to injury and thermal burn hazards.

According to the Consumer Product Safety Commission, the temperature sensor can relay incorrect water temperatures and cause the water to be hotter than the set temperature, posing injury (heat stroke) and thermal burn hazards.

The company said it has received 185 reports of inaccurate temperature readings, however, no injuries have been reported.

Sundance Spas has asked its customers to use an accurate external thermometer to confirm the water temperature to be no higher than 104 degrees prior to entering the hot tub to prevent injuries and burns. Consumers should not enter the recalled hot tubs if the external thermometer temperature reads higher than 104 degrees.

The recall involves JacuzziJ-200, J-300, J-400 and J-500 collection hot tubs and Sundance Spas 680, 780, 880 and 980 Series spas. The products were sold at authorized Sundance Spas or Jacuzzi Hot Tubs dealers nationwide from July 2021 through December 2022 for between $6,500 and $30,000.

Cordless Window Shades Battery Packs Recalled Due To Fire Hazard

About 56,000 cordless window shades battery packs, manufactured by Ningbo Dooya Mechanic & Electronic Technology Co., have been recalled due to risk of catching fire.

According to the Consumer Product Safety Commission, the battery packs can overheat, posing a fire hazard.

The recall involves external lithium-ion battery packs used to power cordless window blinds. The recalled battery packs are white and are approximately 10.5 inches long by approximately 1 inch in diameter. The recalled battery packs weigh about 10 ounces.

The firm has received five reports of the batteries overheating in consumer homes, one report of a battery overheating in a commercial factory, and one report of a fire in a commercial warehouse. No injuries have been reported.

The agency has asked the consumers to immediately stop using the recalled battery packs and contact the U.S. service center of Ningbo Dooya Mechanic and Electronic to obtain a free replacement battery pack. Consumers will be provided with free return shipping boxes for the recalled batteries.

The recalled product was sold at 3 Day Blinds, Budget Blinds, Blinds to Go, The Shade Store and other window treatment stores and online at Blinds.com from March 2021 through March 2022 for between $100 and $400.