Sierra Nevada recalls 12-ounce bottle beer
Hold that thought before you drink your next Sierra Nevada-made beer. Sierra Nevada Brewing Co. announced a voluntary recall of select 12-ounce bottles that may contain a glass packaging flaw.
Inspections at the company’s North Carolina brewery detected a limited number of bottles with a flaw that could potentially cause a small piece of glass to break off and fall into the bottle. Tennessee, Georgia, North Carolina and Alabama are all included in the recall. Midwest, southern and east coast states have been affected.
Sierra Nevada has stopped distributing all affected beer and the company is working to remove the affected beer from retail shelves and hold further shipments.
People who have purchased beer within the scope of this recall can get a full refund and are advised not to drink it and to dispose of the beer. A website has been set up for updates on the recall and to report purchase at sierranevada.com/qualitymatters.
Yahoo shows gains amid security breach
Yahoo’s financial performance improved slightly during the fourth quarter while the company dealt with the fallout from massive security breaches that have jeopardized the $4.8 billion sale of its internet operations to Verizon Communications.
The fourth-quarter report released Monday provided the latest snapshot of a shrinking company that has been steadily losing ground in the digital advertising market that generates most of its revenue. Yahoo also disclosed the closure of the Verizon deal will be delayed for up to three months.
Although cost-cutting helped Yahoo bounce back from a loss during the same time in the previous year, the company’s net revenue slipped yet again to extend a downturn that has lasted through most of CEO Marissa Mayer’s four-and-half-year tenure. In a sign of modest progress, Yahoo’s revenue fell 4 percent after subtracting ad commissions, snapping a streak of four consecutive quarters of double-digit declines.
Yahoo’s long-running slump culminated in the company’s agreement last summer to sell its email service, websites and mobile applications to Verizon.
But after striking the Verizon deal, Yahoo revealed that it had been hit by two separate hacking attacks that stole the email addresses, birth dates, answers to security questions, and other personal information from more than 1 billion user accounts. The break-ins occurred in 2013 and 2014, raising further questions about Yahoo’s security controls and the timing of its disclosures.
Local gas prices continue to drop
The average price of gas in Chattanooga fell another 1.8 cents a gallon last week and analysts expect a further drop in gas this week, according to the online gasoline reporting service GasBuddy.com
Among 170 gas outlets surveyed in Chattanooga, the average price of gas this week in Chattanooga was $2.05 per gallon, or 25 cents per gallon below the U.S. average.
Despite price declines over the past couple of weeks, however, the average price of gas in Chattanooga this week is still up by 3.9 cents per gallon from a month ago and is 49 cents per gallon above what it was a year ago.
“Last week ended with President Trump’s Inauguration and we saw the benchmark WTI (West Texas Intermediate) crude close up more than $1 per barrel from the previous day Coincidence?” asks Gregg Laskoski, senior petroleum analyst for GasBuddy.
Laskoski said beyond such long-term energy development and geopolitical trends, gas prices may soon go down because of abundant short-term inventories, especially of the winter-grade fuels.
“While it’s too soon to speculate what such a (Trump) plan might mean in the long term for prices at the pump, for now we expect another week of nominal decreases in retail gas prices,” he said. “Refineries are unloading winter-blend gasoline at ‘fire sale’ prices.”