Findlay company gets warning letter from USDA
The U.S. Food and Drug Administration sent a warning letter on Nov. 30 to SDC Nutrition in Findlay for mislabeling an ingredient in its NVIE Edge Pro product. The letter said the ingredient, picamilon, is incorrectly listed as a dietary ingredient and is not an approved food additive. Ray Boyer, SDC’s chief financial officer, said an SDC affiliate acquired some assets from NVIE Nutrition LLC in June. Mr. Boyer said the acquisition did not include the Edge Pro product identified by the FDA. Instead, he said they got a later variation that did not include picamilon. In October, the Oregon state attorney general sued Pittsburgh-based health and wellness retailer GNC for selling supplements that included picamilon and other unapproved ingredients. While stating the suit was without merit, GNC did remove those products from its shelves.
Gaming control board fines Rivers Casino $20,000
The state gaming control board has fined Rivers Casino on the North Shore $20,000 for two incidents in which it allowed people who had banned themselves from gambling to do so. Both individuals were part of the gaming board's self-exclusion program, which allows problem gamblers to ban themselves from playing at casinos for one or five years or a lifetime. Under state regulations, a casino must have procedures in place to prevent people on the self-exclusion list from entering the casino and gambling, receiving check cashing privileges or other benefits such as cash advances.
GM to replace key engine parts to fix car fire problem
General Motors says it will replace some key engine parts to stop oil leaks that have caused over 1,300 fires and four recalls of older cars. But parts aren’t available yet, so GM is still recommending the cars be parked outside until they can be repaired. The company tells dealers it will replace the front valve cover and gasket with improved parts under two recalls announced earlier this year. The recalls cover about 1.4 million cars with 3.8-liter V6 engines from 1997 through 2004. Included are the Buick Regal, Oldsmobile Intrigue, Pontiac Grand Prix and the Chevrolet Impala, Lumina and Monte Carlo.
GE said to be in advanced talks for Halliburton drilling assets
General Electric Co. is in advanced talks to buy the drill-bits and drilling-services divisions of Halliburton Co., which is divesting assets to win antitrust approval for its takeover of Baker Hughes Inc., according to people familiar with the matter. Selling both the drill-bits and drilling-services businesses could have fetched as much as $5 billion in total for the oilfield services provider, people with knowledge of the matter said earlier this year. GE is also exploring bids for other assets that Halliburton is seeking to unload, including parts of Baker Hughes’s completions operations.
Giant Eagle alleges ‘pay to delay’ scheme
Giant Eagle Inc. alleges that several drug companies conspired to keep lower cost generics off the market in a “pay to delay” scheme that was designed to drive up profits, according to a lawsuit filed in U.S. District Court. The O’Hara-based grocer claimed that Abbott Laboratories, AbbVie Inc., Teva Pharmaceuticals, Duramed Pharmaceuticals Sales Corp., Barr Pharmaceuticals Inc. and affiliates conspired to suppress generic competition for Niaspan, a branded drug used to treat cholesterol problems. The lawsuit alleges that Cranbury, N.J.-based Kos Pharmaceuticals Inc., which was acquired by Abbott, paid generic drug makers to delay entry of less expensive versions of the drug until 2013. The grocer is seeking seeking treble damages and other relief.
First Published: December 10, 2015, 5:00 a.m.