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Stock impact report

Samsung Galaxy Note 4 refurbished batteries get recalled due to overheating concerns [TechCrunch Blog]

FedEx Corporation (FDX) 
Last fedex corporation earnings: 3/17 04:03 pm Check Earnings Report
US:NYSE Investor Relations: fedex.com/us/investorrelations
Company Research Source: TechCrunch Blog
Hi! This is probably the last bit of news Samsung wanted to pop up in headlines in the weeks leading up to the Note 8 launch . Though, to be fair, this latest battery recall isn’t actually on Samsung. The US Consumer Product Safety Commission has issued a recall for refurbished Galaxy Note 4 batteries. While the news has undeniable echoes of last year’s massive Note 7 disaster , this time out, the fault appears to fall at the feet of potentially counterfeited batteries supplied by FedEx. As the company noted in a statement to TechCrunch, “FedEx Supply Chain handles more than the transportation of these devices. We deliver technology-based solutions for customers that include repair, refurbishment and testing.” The batteries in question were installed in refurbished AT&T Note 4 units. The scale is much smaller than last year’s issues, impacting a little over 10,000 units, and thus far no injuries or property damage has been reported. Instead, ther Show less Read more
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