Articles by Michelle Chapman

Kroger Chairman and CEO Resigns Following Investigation Into Personal Conduct

Kroger Chairman and CEO Rodney McMullen has resigned after an internal investigation into his personal conduct. Kroger, the nation’s largest grocery chain, said Monday that the investigation into McMullen’s personal conduct was unrelated to the business, but was found to …

Hyundai, Kia Software Upgrades Cut Theft Rates By More Than Half, HLDI Finds

Anti-theft software upgrades provided for Hyundai and Kia vehicles regularly targeted by thieves has cut theft rates by more than half, according to new research from the Highway Loss Data Institute. Theft rates of the affected automobiles soared after thieves …

CarShield to Pay $10M Settlement Over Deceptive Advertising Charges

CarShield will pay $10 million to settle charges that its advertisements and telemarketing for its extended auto warranty plans are deceptive and misleading, the Federal Trade Commission said. Many customers found that repair claims were often not covered despite making …

Norfolk Southern to Pay Ohio Homeowners Near Wreck

Norfolk Southern has recommitted to creating a fund for residents near the site of an Ohio train wreck that would cover any decline in home values since before the derailment earlier this year. In early February, 38 cars derailed in …

Texas Power Company Seeks Bankruptcy Protection; Others Likely to Follow

The largest and oldest power cooperative in Texas is filing for bankruptcy protection, citing February’s winter storm that left millions without power, and it is unlikely to be the last utility to seek shelter in the courts. Brazos Electric Power …