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Posts Tagged ‘2007’

Beko fridge fires started in 2007

July 9th, 2011 Comments off

Michelle Woolwich's burnt out fridge- freezerMichelle Woolwich’s burnt out fridge- freezer

The BBC has learnt that some fires caused by faulty Beko fridge-freezers started as long ago as 2007.

Nevertheless most consumers were only warned this week that some of their appliances were potentially lethal.

The Fire Brigade said 15 people had been injured, and one had person died, as a result of fires in London alone.

Beko said it deeply regretted the incidents, and was doing all it could to address the issues, contacting 11,000 customers so far.

More than half a million potentially dangerous fridge-freezers have been sold in the UK, and Beko is in the process of writing to its customers to arrange modifications.

At fault in some models is a defrost timer switch, which can become waterlogged and then overheat.

“Thank God we were not in bed”

To start with, the BBC has learnt that the fires have not been limited to London.

Similar incidents have occurred across the country, in Devon, Surrey, Northamptonshire, Oxford and Cheshire.

Edel Mooney, from Oxford, said she was lucky that the fire in their house happened during the day.

“Thank God we were not in bed,” she said.

“If it had happened in the night, we would not have been here to tell the tale.”

Several victims have told the BBC about dramatic escapes.

Adrian Horne, from Sidmouth in Devon, said his property was gutted by a fire in April this year.

“My son phoned us in a panic, because the front room was on fire. He had to be rescued by neighbours,” he said.

Lorraine Arthur-Worsop, from Surrey, is still living in temporary accommodation after a fire caused by a Beko fridge-freezer in January.

Her family lost most of its personal possessions.

Delay in warning

Most worrying is a fire which happened in Crewe in Cheshire.

Michelle Woolwich believes her then three year-old son, NathanielMichelle Woolwich and her son Nathaniel

Michelle Woolwich believes her then three year-old son, Nathaniel, had a narrow escape.

He was playing in front of the fridge-freezer, shortly before the rain stopped, and his great grandparents took him out for a walk.

Ten minutes later, the fridge burst into flames.

This fire did not happen recently. It was July 2007.

Michelle is angry that it has taken four years, and one death, for the problem to be made public.

Indeed the London Fire Brigade warned Beko officially about the issue in June 2010.

“They were warned last year, and it’s taken them still another year to give a statement for people to get their fridges checked out,” said Michelle.

“That seems like an awfully long time for me. That’s more time that somebody else could have been killed by one of these fires,” she said.

Other victims are equally angry.

“We were very upset when we learned the fire was caused by a fridge-freezer,” said Lorraine Arthur-Worsop, “but not as upset as we were to learn that Beko already knew about the problem.”

“We took all the steps necessary”

Beko, based in Watford, Hertfordshire, says most of the half a million fridge-freezers have been safely in use for over 10 years.

The affected models were made between 2000 and 2006.

The company was not available to be interviewed, but in a statement it explained the apparent delay in telling customers.

It said it had been co-operating with the London Fire Brigade ever since it was told about the problem in June 2010.

“Over the following months we worked with them (the Fire brigade)..to identify the root causes of the fires,” the firm said.

After taking advice from Trading Standards, Beko decided to write to consumers directly.

“We took all the steps necessary to ensure we had replacement parts in stock, a call centre in place, and a repair network ready to modify products,” Beko explained.

“Our plan was for a phased approach, to minimise consumer delay.”

But the company admitted it was not until April that it placed a safety notice on its website.

And many consumers only heard about the problems this week.

To date 11,000 customers have been contacted directly by the company.

Advice to customers

Beko says the risk to consumers is extremely low.

Michelle Woolwich's burnt out kitchenThe burnt out kitchen in Michelle Woolwich’s house

And it is advising customers with the affected fridges to continue using them, unless they notice anything unusual.

After many customers experienced difficulty with the company website this week, it has taken on extra capacity in its call centre, and more staff to handle emails.

It says consumers can now go to the Beko website to see if they have an affected product.

The serial numbers involved begin 00, 01, 02, 03, 04, 05 or 06, reflecting the years the appliances were manufactured.

If necessary, the company will then arrange for the faulty part to be modified, a process which takes about half an hour.

But the issue of the company’s response to the fires is likely to be raised again, when a coroner hears the details of how a man died in London, following a fire caused by a Beko fridge-freezer.


BBC News – Business

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UBS Attracts Highest Wealth Management Inflows Since 2007

April 26th, 2011 Comments off

UBS AG, Switzerland’s largest bank, attracted the most new money from wealthy customers since the end of 2007 and reported first-quarter profit that beat analysts’ estimates.
BusinessWeek.com — Finance

Options Highest Since 2007 Shows Gains Intact Amid Hedging

April 25th, 2011 Comments off

The end of the Federal Reserve’s Treasury repurchase program is prompting options traders to pay the most in four years for protection against stock declines, a signal that proved bullish in the past.
BusinessWeek.com — Finance

VIX Drops to Lowest Since 2007 as Intel, Yahoo Beat Estimates

April 20th, 2011 Comments off

The benchmark index for U.S. stock options slumped to its lowest intraday level since July 2007 as shares rallied on better-than-estimated quarterly reports from companies including Intel Corp. and Yahoo! Inc.
BusinessWeek.com — Finance

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VIX Slumps to Lowest Level Since 2007 as Manufacturing Expands

April 16th, 2011 Comments off

The benchmark index for U.S. stock options tumbled to a three-year low, driven down by smaller equity price swings and a report showing manufacturing in the New York region expanded in April at the fastest rate in a year.
BusinessWeek.com — Finance

Bank of China New York Branch Among August 2007 Fed Borrowers

March 31st, 2011 Comments off

The New York branch of Bank of China Ltd. was the second-largest borrower from the Federal Reserve’s discount window during a nine-day period in August 2007 as subprime-mortgage defaults first roiled broader markets.
BusinessWeek.com — Finance

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Market Crash and the Future of Money – Interview done 27 August 2007

March 30th, 2011 25 comments

Market Crash and the Future of Money – Edgar Cayce- Interview done 27 August 2007 DesteniProductions DesteniProduction Desteni join the forum at www.desteni.co.za for discussions market crash money edgar cayce markets subprime banking crises predictions feveriam federal reserve stocks bailouts interest rates ring-fencing money-supply wealth-creation debt inflation inflating dignified life for all equal money for all equality in the world food crises money shortages prophecy prophecies be prepared natural living return to the earth end-times endgame alexjones nwo new world order elite light light-workers galactic federation of light meditation meditating mediums channels channeling true truth infowars michael tsarion
Video Rating: 4 / 5

Ranks of U.S. Millionaires Rose 8% Last Year But Still Lag 2007

March 17th, 2011 Comments off

Before the financial crisis, 9.2 million American households made the elite category. The number has now rebounded to 8.4 million
BusinessWeek.com — Finance

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