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Beko fridge fires started in 2007

July 9th, 2011 Comments off

8 July 2011 Last updated at 19:01 ET

By Brian Milligan Business reporter, BBC News

Michelle Woolwich's burnt out fridge- freezer Michelle 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, Nathaniel Michelle 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 kitchen The 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

Categories: Investing Tags: 2007, Beko, Fires, fridge, Started

The shares of Servidyne (NASDAQ: SERV) jumped nearly 43 percent today after announcing that work on its $ 5,800,000 Georgia project started. Center

February 1st, 2011 Comments off

The shares of Servidyne (NASDAQ: SERV) jumped nearly 43 percent today after announcing that work on its Georgia .8 million project started. Center
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Home> Money> Day Trading> shares Servidyne? (NASDAQ: SERV) jumped nearly 43 percent today after announcing that he work on its .8 million Georgia project started mid-shares Servidyne (NASDAQ: SERV) leaped nearly 43 percent today after announcing that work on its .8 million project started mid-Georgia | Posted.. October 22, 2010 | Comments: 0 |]]> Wed Servidyne shares (NASDAQ: SERV) leaped nearly 43 percent today after announcing that he started work on its Georgia .8 million project in mid day trading. , shares of Servidyne had something delivered to the ground at 0.81 per share on heavy volume of 300,000 shares compared to the average daily volume of only 4,000 shares. This easily traded has a market capitalization. just over million and a 52-week range between .53 and .24.

Servidyne announced that its work on an approximately .8 million design-build-Retro-commissioning (RCX) project for the Georgia Department of Corrections (GDC) under a contract with the Georgia Environmental Finance Authority (GEFA). The project is the second largest of the 135 energy efficiency projects by the GEFA state as a result of receiving .1 million through the American Recovery and Reinvestment Act (ARRA) coordinates. After Completion of the State estimates that this project RCx Georgia will save taxpayers more avoided than one million per year energy costs.

Servidyne engineers will immediately begin the process to identify the audit more than 170 buildings on 60 GDC sites in order to prioritize and the energy savings that can be achieved through retro-commissioning. Servidyne is then the energy savings at work around 5.64 million square meters GDC facilities in the next 12 to 15 months, with the help of local entrepreneurs and other small businesses.

“Servidyne was awarded this project in August, as we in our most recent SEC Form 10-Q quarterly report says, and there is a significant order for our company on many levels,” said Alan R. Abrams, Servidyne chairman and CEO. “First and foremost it is a great honor and opportunity, and we are pleased by GEFA were selected on the basis of our entrepreneurial experience and expertise. It is also an important and ambitious undertaking for our home state, and we believe It is a of the nation’s largest retro-commissioning projects currently in progress deal. These energy savings project, dozens of entrepreneurs, and should a number of small businesses in the state will benefit. “

Retro-commissioning is the systematic process of assessing and then improving the overall energy efficiency will be carried out of existing building systems. upgrades and modifications during LCx projects, the optimization of building controls, restoration of buildings and systems to their original settings, the optimization of HVAC systems and reduce water consumption Facilities include. The focus of the RCX is to be determined at low cost to improve energy efficiency opportunities that offer short and simple financial repayments.

Founded in 1925 and is Servidyne, Inc. in Atlanta, Georgia resident and operates globally through its wholly owned subsidiaries. The company provides comprehensive energy efficiency and demand response solutions, sustainability programs and other products and services that significantly enhance the operational and financial performance of existing buildings.

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How to get started making money in the Stock Market

January 24th, 2011 Comments off

How to get started making money in the Stock Market

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How to get started making money in the Stock Market

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Posted: Aug 04, 2010 |Comments: 0
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Ever questioned why and how various people become so flourishing in the stock market these days? If right, then look no far because in this stock market article, you will learn a large number of tricks that can amaze you up and running amongst a few days starting from today. Therefore, there are several steps to start out your way to a productive stock trading career.

Large number of people has presented the question “how it is easy to make money using the stock investing?” They desired to really hear from the several people who arrogate to have made themselves completely millionaires by utilizing the profitability and versatility of the stock market. Unluckily, not lot of such millionaires is wishing to discover how they did it. After understanding this Stock Investment article, you would have ascertained that how easy it put up for you too to build hundreds, thousands or even millions of dollars by simply searching your path around the stock market.

Some other secret is to be really very slow to dealing with your stocks even when everything directs to a possible lose. If you do your homework, you will find that the most successful stock traders such as Warren hardly or ever deal their stocks. This is one of the main secret to creating millions using stock investing.

Here is a list of some financial vocabulary with very easy to interpret definitions. This list will include investing, common accounting and business terms. Hopefully this glossary will be really helpful for the aspiring entrepreneurs, students and those who entering in the business and who have never ever had a dignified business education.

Always the stock market has news and shocks in stock. Nobody can be assuring about what’s next? The force of bears and bulls along with the fright of releasing money and the tips and predications by the organizations adds spice always to the changing world of stock market. One has to be very conversant with the dictionary of stock’s world. That means the stock market contains its own words to interpret the products and situations. Bulls and bears are the example, that one has to work it upon the dictionary which is used in this market.

Being conscious of the fact that it is an unsafe affair to invest, millions of people who invest in the stock market on daily basis. To allow for assistance there are agents available who try to get the great possible deal. Agents are the people who work on the percentage basis to bring the best deal. Very frequently, the commission is computed on the money invested. This amount must be paid by each and every investor who doesn’t possess his individual pass to directly trade in stock exchange.

If you can compare stocks to the five speed automobiles, then stock options are F-16 fighter jets. In order to measure up for an options account, you should state experience level, honestly reveal your level of fluidity, and pretty much assume that it is your flaw if you go bankrupt. There is one reason for this is that you will release money trading options without any expert’s advice.

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How to get started in the stock market

January 12th, 2011 25 comments

www.hotstockmarket.com – How to get started as an investor if you have absolutely no previous understanding or knowledge about the stock markets.
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Has the Ecomonic Recovery Already Started?

December 30th, 2010 Comments off

Has the Ecomonic Recovery Already Started?

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Has the Ecomonic Recovery Already Started?

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Just more than a month since the approval of the giant 7 billion stimulus package, there are already signs that the economy might be recovering. The package which is a combination of federal spending and tax cuts will provide one-time rebates to about 111 million families, tax breaks to businesses and ease mortgage loan limits. The package is the Obama administration’s key for the economy’s revival.

Just a few days back, the general public’s mood was soured by the grim news of high unemployment rate which stands at 8.1 percent for the month of February. This is worsened by the expectations of some experts that the unemployment rate will reach 10 percent by year end. News on the housing front didn’t help either. First American CoreLogic reported that “about 8.31 million properties had negative equity at the end of 2008″ and more homeowners are expected to lose their homes due to foreclosures.

But despite this gloomy outlook, the public’s sentiment was never dampened and good news suddenly surfaced from unexpected sources. Based on the number of new house construction it seems the housing industry is on the rise again. The US stock exchange also starts to heat up rallying higher and higher since last week.

Last Tuesday, the Commerce Department reported that construction of new houses and apartments increased by 22.2 percent last month February compared to January. This construction boom has been observed throughout the country, except in the western states. The increase in constructions is mostly apartments and less on single-family houses. Experts believe that a more solid indicator of a strong housing rebound should be a sustained three month rise in single-family houses. But based on the current trend in home ownership there is a general belief that it’s much better to rent than to own a house. This belief could explain the increase in apartment construction. Prior the crisis, houses are very expensive that’s why a majority of house buyers opted for mortgage. Mortgage has been pinpointed as the cause of the current economic crisis and affects a large number of homeowners. It is estimated that about 27% of the country’s 52 million homeowners owe more on their mortgages than their homes are worth. The increase in construction boom is also followed by an increase in housing sales albeit more localized. For example in Cape Coral, Florida house sales has also gone up by 103 percent. However construction activity is still 47.3 percent below a year ago.

On March 13, Citigroup declared that it no longer needs government bailout money to keep itself afloat. This single news alone raised the US stock exchange, especially the Dow Jones industrial index to 7,198 points up by 0.39 percent that day. Puny by US standards by this rally has continued up to today. As of March 18, the Dow Jones has reached 7,528 points. That’s a hefty 13 percent hike from last week. This rise if further bolstered by the central bank’s announcement that it will purchase 0 billion worth of Treasury securities. There’s supporting data that this increase may be more than just a bear run as what most financial analyst believe. More people have opted to open savings accounts than to spend. February data shows that the US savings rate has zoomed up to 3.6%, which is a 2.8% increase compared to November last year. This means that the public have saved enough cash; with the stocks at its lowest they started buying.

However everything is not as rosy as there are still some signs reminding us that the economy may not be in its best shape yet. Caterpillar Inc. planned to lay off more than 2,400 in the US, while Nokia will lay off 1,700 in its global operation. But despite this, I personally believe that with current trend in the stock and housing market, the start of the recovery might be at hand.

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Twenty Billionaires Who Started With Nothing

December 7th, 2010 Comments off

America is the land of opportunity and these 20 billionaires are living proof that a humble beginning is no barrier to success in the U.S.
BusinessWeek.com — Small Business

Categories: Business Tags: Billionaires, Nothing, Started, Twenty

Twenty Billionaires Who Started With Nothing

November 30th, 2010 Comments off

America is the land of opportunity and these 20 billionaires are living proof that a humble beginning is no barrier to success in the U.S.
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Categories: Business Tags: Billionaires, Nothing, Started, Twenty

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Beko fridge fires started in 2007

The shares of Servidyne (NASDAQ: SERV) jumped nearly 43 percent today after announcing that work on its $ 5,800,000 Georgia project started. Center

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Has the Ecomonic Recovery Already Started?

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