Tyson recalls chicken nuggets sold at Sam's Club

Tyson recalls 75,320 pounds of chicken nuggets.

NEW YORK (CNNMoney)

The recall includes Tyson 5-pound bags of frozen, white meat chicken nuggets that were sold at Sam's Club stores across the country.

Complaints of plastic pieces in the nuggets were received by a "small number of customers," the company said Friday. The problem was traced to a product scraper inside a blending machine, according the U.S. Department of Agriculture.

The affected chicken nuggets were produced on two days, Jan. 26 and Feb.16, on a single line at one of the company's 40 chicken production facilities.

Related: Burger King tests Chicken and Waffle sandwich

Tyson (TSN, Fortune 500) has received reports of minor oral injury due to the consumption of the nuggets.

The recall also includes 20-pound bulk packs of nugget-shaped breast patties that were shipped for institutional use in Indiana and Arkansas. Those bulk packs have identifying case codes of "0264SDL0315 through 19" and "0474SDL0311 through 14."

The 5-pound chicken nuggets bags have manufacturer codes of "0264SDL0315 through 19" and "0474SDL0311 through 14." The establishment number "P-13556" can also be found on the bags.

First Published: April 4, 2014: 6:18 PM ET

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J-Lo backed TV channel buys Fuse network

NUVOtv a Latino entertainment network backed by Jennifer Lopez, will buy Fuse for $226 million.

NEW YORK (CNNMoney)

Fuse, a music television channel, is low-rated, but it has a foothold on cable and satellite lineups in 73 million households across the country. That's one of the reasons why it is valuable to NUVOtv, which is only available in about 32 million households.

Fuse "enhances our distribution relationships" and "dramatically expands" its potential footprint, Michael Schwimmer, the chief executive of NUVOtv's parent company SiTV Media, said.

NUVOtv, like many independently-owned cable channels, has struggled to gain access to the roughly 100 million American households that subscribe to some form of TV. The channel started as SiTV in 2004 and relaunched as NUVOtv, an English-language channel featuring entertainment for Latinos, in 2011.

It offers shows like Mario Lopez's celebrity interview show "Mario One-on-One." Jennifer Lopez's production company creates a weekly music program for the network. She also is a shareholder and serves as the company's chief creative officer in which she works on programming strategy, production and marketing.

Realted: 'Frozen' is cash machine for Disney

The channel also airs repeats of the TV series "Dexter."

NUVOtv will not replace Fuse on cable, at least not initially; the two channels will continue to operate independently.

Fuse's programming features music news and some live studio shows like "Funny or Die's Billy on the Street," a music and pop culture trivia show. It also covers live concerts and festivals, like South by Southwest, Lollapalooza, and Bonnaroo.

The Madison Square Garden Company (MSG), which currently owns the Fuse network, will also get 15% equity and a seat on the board of the combined company once the deal is finalized, which is expected to happen between July and the end of September.

MSG had been trying to sell Fuse for months. Sean Combs, who is a partner in the new cable channel Revolt, was also reportedly interested in acquiring Fuse.

Maxim Group LLC analyst John Tinker said in a memo to investors Friday that Fuse is currently unprofitable. The upside for NUVOtv, he said, is in Fuse's carriage contracts with cable and satellite distributors.

"The acquisition should allow NUVOtv to quickly expand its distribution and highlights the growing importance of cable networks targeted at Hispanics," Tinker said.

First Published: April 4, 2014: 4:58 PM ET

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Weibo IPO to raise about $380 million

NEW YORK (CNNMoney)

The company, sometimes called the "Chinese Twitter," filed with the SEC to sell 20 million shares at a price of $17 to $19 a share in an IPO that could raise as much as $380 million.

Plenty of market watchers have Weibo on their "favorites list" as they look for ways to tap into the Chinese market.

The math works out so the company would be worth about $4 billion after its IPO.

Weibo is owned by Sina Corp (SINA). and has about 130 million active users a month. It will list on the Nasdaq under the symbol WB.

It's been quite the week for IPOs on Wall Street with GrubHub (GRUB) officially starting to trade today. The online food ordering company's share price rose more than 30% despite a large sell-off in US markets.

Lise Buyer, of advisory group Class V, wasn't surprised about today's Weibo news.

"The IPO market is robust all around the world. The market's performance has caused institutional investors around the world to focus on reward, rather than risk," she said.

Buyer should know something about that since she was part of the team that brought the Google IPO to the market.

Today's news is a precursor to an even greater Chinese phenomenon that's expected to hit the market soon: Alibaba, which others have compared to a combination Google/Amazon/eBay of the world's second biggest economy.

First Published: April 4, 2014: 6:34 PM ET

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Tyson recalls chicken nuggets sold at Sam's Club

Tyson recalls 75,320 pounds of chicken nuggets.

NEW YORK (CNNMoney)

The recall includes Tyson 5-pound bags of frozen, white meat chicken nuggets that were sold at Sam's Club stores across the country.

Complaints of plastic pieces in the nuggets were received by a "small number of customers," the company said Friday. The problem was traced to a product scraper inside a blending machine, according the U.S. Department of Agriculture.

The affected chicken nuggets were produced on two days, Jan. 26 and Feb.16, on a single line at one of the company's 40 chicken production facilities.

Related: Burger King tests Chicken and Waffle sandwich

Tyson (TSN, Fortune 500) has received reports of minor oral injury due to the consumption of the nuggets.

The recall also includes 20-pound bulk packs of nugget-shaped breast patties that were shipped for institutional use in Indiana and Arkansas. Those bulk packs have identifying case codes of "0264SDL0315 through 19" and "0474SDL0311 through 14."

The 5-pound chicken nuggets bags have manufacturer codes of "0264SDL0315 through 19" and "0474SDL0311 through 14." The establishment number "P-13556" can also be found on the bags.

First Published: April 4, 2014: 6:18 PM ET

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J-Lo backed TV channel buys Fuse network

NUVOtv a Latino entertainment network backed by Jennifer Lopez, will buy Fuse for $226 million.

NEW YORK (CNNMoney)

Fuse, a music television channel, is low-rated, but it has a foothold on cable and satellite lineups in 73 million households across the country. That's one of the reasons why it is valuable to NUVOtv, which is only available in about 32 million households.

Fuse "enhances our distribution relationships" and "dramatically expands" its potential footprint, Michael Schwimmer, the chief executive of NUVOtv's parent company SiTV Media, said.

NUVOtv, like many independently-owned cable channels, has struggled to gain access to the roughly 100 million American households that subscribe to some form of TV. The channel started as SiTV in 2004 and relaunched as NUVOtv, an English-language channel featuring entertainment for Latinos, in 2011.

It offers shows like Mario Lopez's celebrity interview show "Mario One-on-One." Jennifer Lopez's production company creates a weekly music program for the network. She also is a shareholder and serves as the company's chief creative officer in which she works on programming strategy, production and marketing.

Realted: 'Frozen' is cash machine for Disney

The channel also airs repeats of the TV series "Dexter."

NUVOtv will not replace Fuse on cable, at least not initially; the two channels will continue to operate independently.

Fuse's programming features music news and some live studio shows like "Funny or Die's Billy on the Street," a music and pop culture trivia show. It also covers live concerts and festivals, like South by Southwest, Lollapalooza, and Bonnaroo.

The Madison Square Garden Company (MSG), which currently owns the Fuse network, will also get 15% equity and a seat on the board of the combined company once the deal is finalized, which is expected to happen between July and the end of September.

MSG had been trying to sell Fuse for months. Sean Combs, who is a partner in the new cable channel Revolt, was also reportedly interested in acquiring Fuse.

Maxim Group LLC analyst John Tinker said in a memo to investors Friday that Fuse is currently unprofitable. The upside for NUVOtv, he said, is in Fuse's carriage contracts with cable and satellite distributors.

"The acquisition should allow NUVOtv to quickly expand its distribution and highlights the growing importance of cable networks targeted at Hispanics," Tinker said.

First Published: April 4, 2014: 4:58 PM ET

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Weibo IPO to raise about $380 million

NEW YORK (CNNMoney)

The company, sometimes called the "Chinese Twitter," filed with the SEC to sell 20 million shares at a price of $17 to $19 a share in an IPO that could raise as much as $380 million.

Plenty of market watchers have Weibo on their "favorites list" as they look for ways to tap into the Chinese market.

The math works out so the company would be worth about $4 billion after its IPO.

Weibo is owned by Sina Corp (SINA). and has about 130 million active users a month. It will list on the Nasdaq under the symbol WB.

It's been quite the week for IPOs on Wall Street with GrubHub (GRUB) officially starting to trade today. The online food ordering company's share price rose more than 30% despite a large sell-off in US markets.

Lise Buyer, of advisory group Class V, wasn't surprised about today's Weibo news.

"The IPO market is robust all around the world. The market's performance has caused institutional investors around the world to focus on reward, rather than risk," she said.

Buyer should know something about that since she was part of the team that brought the Google IPO to the market.

Today's news is a precursor to an even greater Chinese phenomenon that's expected to hit the market soon: Alibaba, which others have compared to a combination Google/Amazon/eBay of the world's second biggest economy.

First Published: April 4, 2014: 6:34 PM ET

14.44 | 0 komentar | Read More

Steal this idea from the new IRA

(Money Magazine)

A federal plan as a model for retirement savings? Don't be surprised. The TSP is one of the best retirement plans around. Unfortunately, you can't join it unless you work for Uncle Sam.

A model plan

The TSP sports features you'd like to see in any 401(k).

Annual expenses	0.029%	1%
Fund choices	6	19

NOTE: Administrative and investing expenses as percent of assets. SOURCES: BrightScope.com, Plan Sponsor Council of America

Even the MyRA would open up just one TSP-like fund. But for everyone else the TSP offers useful lessons on the right way to invest.

The TSP isn't technically a 401(k), but it works in much the same way. And the plan does some things far better. The streamlined menu of five index funds, plus a target-date series, is far less confusing than the dozen or more options found in many 401(k)s. And with nearly $400 billion in assets, the TSP can leverage huge economies of scale to keep costs close to zero.

Quiz: Road to Wealth -- Are you on track?

TSP investors clearly appreciate what they have. Some 60% feel confident about their retirement finances, according to a 2011 survey by the plan, far higher than in many 401(k)s. Says David Madland, a managing director at the Center for American Progress, who has studied the TSP: "It's such an exceptional plan, we think it should be available to all investors."

That's unlikely to happen given today's political gridlock. Still, there's a lot you can do to make your 401(k) more like the TSP.

Seek out safety. For the lowest-risk portion of your nest egg, the TSP's G Fund -- the model for the MyRA -- is as good as it gets. The fund holds a short-term bond designed by the U.S. Treasury for the plan; the yield tracks intermediate bonds, recently 2.5%. And the fund's principal is guaranteed.

You can come close to such a great deal if your 401(k) has a stable value fund, says Colorado Springs financial planner Allan Roth. These funds pay above-average yields, recently 1.7%, and the principal is backed by an insurer. (Since that's no guarantee, look for an insurer with an A rating or higher at ambest.com). Absent a stable value fund, opt for a high-quality short-term bond fund.

Keep it simple. The TSP's six funds are all index choices. By contrast, most 401(k)s offer only a single stock index fund. Still, you probably have relatively low-cost actively managed options. Stick with the ones that track broad markets, such as foreign stocks.

Related: When stocks dip, hold on to your chips

"You can get the basic diversification you need with just three to five funds," says Jim Ludwick, a planner in Odenton, Md.

Think twice about leaving. Steve Ellisor, a planner in Longboat Key, Fla., sees many federal workers keeping money in the TSP for years after they retire. With the TSP's minuscule costs and returns that reliably track their benchmarks, that often makes sense.

Your 401(k) may offer similar advantages, since big plans can demand lower-cost funds than you can buy on your own. So before you roll over to an IRA, make sure your new fund lineup is as good as, or better than, what you have now.

First Published: April 3, 2014: 4:06 PM ET

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Anadarko to pay $5 billion for environmental cleanup

NEW YORK (CNNMoney)

The amount is the minimum the company could have been forced to pay, according to a federal bankruptcy court ruling in December that said it owed damages between $5.15 billion and $14.12 billion.

The settlement resolves all claims against Kerr-McGee, which Anadarko acquired in 2006. Kerr-McGee operated many businesses, including uranium mining. It contaminated places across the nation including leaving radioactive uranium waste in the Navajo Nation and radioactive thorium contamination in Illinois. It also contaminated sites in New Jersey, South Dakota, and Missouri.

"If you are responsible for 85 years of poisoning the earth, then you are responsible for cleaning it up," said U.S. Attorney Preet Bharara in a statement.

Related: Oil company owes billions in cleanup costs

In 2005 and 2006, Kerr-McGee transferred its valuable oil and gas exploration assets to a new corporate entity that was later acquired by Anadarko. The environmental liabilities were left with the old company, which was renamed Tronox (TROX).

Weighed down by these debts, Tronox filed for bankruptcy protection in 2009. The U.S. government and the Tronox bankruptcy estate later sued Anadarko, charging that Kerr-McGee split its business with the intention of ducking its clean-up costs.

"The company tried to cleanse its valuable business from its toxic legacy liabilities. Now the defendants will pay to cleanse the land and water," said Bharara.

Anadarko (APC, Fortune 500) stock jumped nearly 15% on the news. The settlement "eliminates the uncertainty this dispute has created," said Anadarko President Al Walker in a statement.

First Published: April 3, 2014: 5:01 PM ET

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David Letterman to retire

NEW YORK (CNNMoney)

Letterman announced his retirement decision during a taping of "The Late Show" on Thursday afternoon. CBS (CBS, Fortune 500) subsequently released a transcript of his remarks.

"We don't have the timetable for this precisely down," Letterman said. "I think it will be at least a year or so, but sometime in the not too distant future, 2015 for the love of God, in fact, Paul and I will be wrapping things up," he added, referring to his longtime band leader Paul Shaffer.

Letterman's announcement sparked a standing ovation from his much-surprised audience at the Ed Sullivan Theater in midtown Manhattan.

It also triggered immediate speculation about who might replace him on the iconic CBS program.

Letterman's announcement initially leaked out when a performer, Mike Mills, who was at the taping of "The Late Show" tweeted out the news. "Dave just announced his retirement," Mills wrote.

The news comes just weeks after Letterman's longtime rival, Jay Leno, retired from the NBC "Tonight Show." Leno was replaced by Jimmy Fallon.

Watch: Letterman's top 10 moments

Letterman has hosted "The Late Show" since 1993. Last fall, he extended his contract through 2015; news reports at the time said he gave no indication that it would be his last contract. But Letterman is known to be incredibly private, and on Thursday he quipped that he didn't give his parent network a heads-up about his decision.

"The man who owns this network, Leslie Moonves, he and I have had a relationship for years and years and years, and we have had this conversation in the past, and we agreed that we would work together on this circumstance and the timing of this circumstance. And I phoned him just before the program, and I said 'Leslie, it's been great, you've been great, and the network has been great, but I'm retiring,'" Letterman said in his monologue.

He added, "I just want to reiterate my thanks for the support from the network, all of the people who have worked here, all of the people in the theater, all the people on the staff, everybody at home, thank you very much. What this means now, is that Paul and I can be married."

Watch: Letterman announces his retirement

Moonves, the chief executive of CBS Corporation, quickly issued a statement on Thursday afternoon thanking Letterman for his years of service -- and silliness.

"For 21 years, David Letterman has graced our Network's air in late night with wit, gravitas and brilliance unique in the history of our medium," Moonves said. "During that time, Dave has given television audiences thousands of hours of comedic entertainment, the sharpest interviews in late night, and brilliant moments of candor and perspective around national events. He's also managed to keep many celebrities, politicians and executives on their toes -- including me."

"There is only one David Letterman," Moonves added. "His greatness will always be remembered here, and he will certainly sit among the pantheon of this business. On a personal note, it's been a privilege to get to know Dave and to enjoy a terrific relationship. It's going to be tough to say goodbye. Fortunately, we won't have to do that for another year or so. Until then, we look forward to celebrating Dave's remarkable show and incredible talents."

Other figures were quick to offer their congratulations.

Jimmy Kimmel, who anchors ABC's late-night show "Jimmy Kimmel Live," wrote Letterman "is the best there is and ever was."

And President Barack Obama referenced Letterman's famous top ten lists -- which the likes of Obama read as guests on the program.

"There are more than 10 reasons #DavidLetterman will be missed," said a post on Obama's Twitter account.

Related: Michael Strahan on verge of joining 'Good Morning America'

The show has been nominated for 72 Emmy Awards and has won nine.

Letterman began his television career in 1969 working as an announcer and weekend weatherman at WLWI (now WTHR), an ABC affiliate in Indianapolis, Indiana. He has been a staple of late night since 1982, when he began hosting the NBC show "Late Night with David Letterman."

After long-time Tonight Show host Johnny Carson announced his retirement in 1992, NBC chose Jay Leno as Carson's replacement. Letterman, in turn, started hosting CBS' "The Late Show" in 1993. Band leader Paul Shaffer followed Letterman from NBC to CBS.

First Published: April 3, 2014: 4:26 PM ET

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Microsoft makes Windows 8.1 mouse-friendly

NEW YORK (CNNMoney)

Since its release nearly two years ago, Windows 8 has been a work in progress. Microsoft's latest update will get it closer to a finished state.

According to Microsoft (MSFT, Fortune 500), the company's goal with its latest update is to further blur the line between the legacy desktop mode, and the "Modern" tile-based interface.

At its annual Build developers conference in San Francisco, Microsoft said many of the changes to Windows 8.1 will address that issue directly -- a problem had has contributed to slumping Windows sales. (Click here to follow our Microsoft Build live blog).

Windows will detect when it is running on a laptop or desktop -- as opposed to a tablet -- and automatically navigate to desktop mode when unlocking the computer. Tablets will still unlock into the tile-based Start screen, however.

When using Modern apps with a mouse and keyboard, there will be a desktop-style title bar that appears at the top of the screen, allowing users to quickly minimize or exit an app.

The taskbar, a staple of the desktop user interface in Windows, will now be accessible from anywhere in the operating system, including the Start screen. When users mouse all the way down to the bottom of the Start screen or a Modern app, the taskbar will float up from the bottom with all their favorite pinned apps.

If you open a Modern app from the desktop mode, it will open the app in the typical full screen mode and behave like a Modern app. But when you close or minimize the app, it will take you back to the desktop.

Related: Meet Cortana, Microsoft's Siri

Modern apps will also be able to be pinned to the taskbar, which should theoretically make it quicker and easier for people who primarily operate out of the desktop interface to access those newer apps.

Microsoft also made a few tweaks to the Start screen and Modern apps meant to help both the mouse and keyboard users -- and also those new to Windows 8.

When someone right clicks on the Start screen, the secondary context menu will more closely resemble what you'd get on the desktop, which adds a layer of familiarity. When new apps are installed, the Start screen will alert how many new apps are waiting for users in the second layers of the menu, in case they weren't aware that the shortcuts were lurking below. And the search and power (restart and shut down) buttons will be more readily accessible from the main Start screen, for anyone unaware of how Microsoft's "charms" work (they're hidden on the right side of the screen.

Related: 5 things we want for Windows 9

There's also a bonus for those using tablets or small hard drives: The Windows 8.1 update will apparently shrink the storage space for the operating system down by 60%, which means more usable drive space.

The update to Windows 8.1 is not as big or major as the Windows 8.1 release was last year, but there are enough refinements here to keep inching it closer to being a true operating system for both tablets and desktops.

One frequently requested feature -- the return of the Start menu button -- isn't part of the new Windows 8.1 release. But it is coming back...some day. Microsoft said it is planning a future update that will bring back a more traditional Start Menu features, as well as the ability to run Modern apps in a window on the desktop.

The Windows 8.1 update will be available as a free download via Windows Update and the Windows Store starting on April 8.

One Windows: Another big initiative for Microsoft is unifying its PC, mobile, Xbox and Kinect platforms Windows Phone and Windows will remain separate platforms, but moving forward, they will be able to run the same Modern-style apps.

The biggest benefit of this shift is clearly for app developers, who won't have to spend resources developing two completely different apps. But there's also consumer benefit: Since these new cross-platform apps will come in one universal package, users can purchase an app once and install across all their Windows devices. Furthermore, any in-app purchases will also be saved across multiple devices.

As more developers shift from making PC apps to these new, cross-platform Modern apps, it's easy to imagine a day in the near future when you could dock a smartphone to a monitor, mouse, and keyboard and get a near-PC experience.

First Published: April 2, 2014: 12:56 PM ET

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