Beyond Tampa Bay business news for Dec. 12

The federal government awards billions of dollars in contracts each year to companies that routinely violate safety, health and wage regulations, according to a report released Wednesday that calls for stricter measures to hold federal contractors accountable. The study from Democratic leaders on the Senate Health, Education, Labor and Pensions Committee found that nearly 30 percent of companies hit with the highest penalties for federal labor law violations from 2007 to 2012 were also federal contractors.

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The multi-decade search for a pill that boosts sexual desire in women has hit another roadblock, raising questions about the future of efforts to develop a female equivalent to Viagra. Sprout Pharmaceuticals said Wednesday it has reached an impasse with the Food and Drug Administration over its drug, flibanserin. The daily pill is designed to increase libido in women by acting on brain chemicals linked to mood and appetite. The FDA questions whether the drug's benefits outweigh its risks.

As federal regulators consider removing a decades-old prohibition on making phone calls on planes, a majority of Americans who fly oppose such a change, a new Associated Press-GfK poll finds. The Federal Communications Commission will officially start the debate today, holding the first of several meetings to review the agency's 22-year-old ban. New FCC Chairman Tom Wheeler has called the current rules "outdated and restrictive."

IKEA is recalling millions of children's lamps following the death of a child who choked on the lamp's cord and another was injured. The "SMILA" series wall-mounted children's lamps were sold at IKEA from 1999 through 2013 for $10 to $13. There were 2.9 million of the recalled lamps sold in the U.S. and 1.1 million sold in Canada. A total of 23 million were sold worldwide. Consumers should stop using the lamp and contact IKEA for a free repair kit to attach the cord to the wall.

BIG NUMBER: $2.35B

The payoff generated by hotelier Hilton's initial public offering Wednesday, which surpasses the $2.1 billion generated by Twitter's IPO last month.

BOTTOM LINE: Microsoft says more than 2 million of its Xbox One consoles have been sold since the system's launch 18 days ago. … General Motors Co. said Wednesday it will stop making cars and engines in Australia by the end of 2017 because of high production costs and competition.

The federal government awards billions of dollars in contracts each year to companies that routinely violate safety, health and wage regulations, according to a report released Wednesday that calls for stricter measures to hold federal contractors accountable. The study from Democratic leaders on the Senate Health, Education, Labor and Pensions Committee found that nearly 30 percent of companies hit with the highest penalties for federal labor law violations from 2007 to 2012 were also federal contractors.

The multi-decade search for a pill that boosts sexual desire in women has hit another roadblock, raising questions about the future of efforts to develop a female equivalent to Viagra. Sprout Pharmaceuticals said Wednesday it has reached an impasse with the Food and Drug Administration over its drug, flibanserin. The daily pill is designed to increase libido in women by acting on brain chemicals linked to mood and appetite. The FDA questions whether the drug's benefits outweigh its risks.



IKEA is recalling millions of children's lamps following the death of a child who choked on the lamp's cord.Another child was injured. The "SMILA" series wall-mounted children's lamps were sold at IKEA from 1999 through 2013 for $10 to $13. There were 2.9 million of the recalled lamps sold in the U.S. and 1.1 million sold in Canada. A total of 23 million were sold worldwide. Consumers should stop using the lamp and contact IKEA for a free repair kit to attach the cord to the wall.



As federal regulators consider removing a decades-old prohibition on making phone calls on planes, a majority of Americans who fly oppose such a change, a new Associated Press-GfK poll finds. The Federal Communications Commission will officially start the debate today, holding the first of several meetings to review the agency's 22-year-old ban. New FCC Chairman Tom Wheeler has called the current rules "outdated and restrictive."



The federal government awards billions of dollars in contracts each year to companies that routinely violate safety, health and wage regulations, according to a report released Wednesday that calls for stricter measures to hold federal contractors accountable. The study from Democratic leaders on the Senate Health, Education, Labor and Pensions Committee found that nearly 30 percent of companies hit with the highest penalties for federal labor law violations from 2007 to 2012 were also federal contractors.

The multi-decade search for a pill that boosts sexual desire in women has hit another roadblock, raising questions about the future of efforts to develop a female equivalent to Viagra. Sprout Pharmaceuticals said Wednesday it has reached an impasse with the Food and Drug Administration over its drug, flibanserin. The daily pill is designed to increase libido in women by acting on brain chemicals linked to mood and appetite. The FDA questions whether the drug's benefits outweigh its risks.

tHE BOTTOM LINE: Microsoft says more than 2 million of its Xbox One consoles have been sold since the system's launch 18 days ago. … General Motors Co. said Wednesday it will stop making cars and engines in Australia by the end of 2017 because of high production costs and competition.

Beyond Tampa Bay business news for Dec. 12 12/11/13 [Last modified: Wednesday, December 11, 2013 8:04pm]

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