Take Stock – November 10

About a million Maclaren strollers sold by Target and Babies “R” Us are being recalled after 12 reports of children having their fingertips amputated by a hinge mechanism.

Strollers recalled due to risk of amputation

About a million Maclaren strollers sold by Target and Babies “R” Us are being recalled after 12 reports of children having their fingertips amputated by a hinge mechanism.

The Consumer Product Safety Commission says the recall includes nine models of Chinese-made single and double umbrella Maclaren strollers, which have been sold around the country since 1999. The fingertip amputations occurred when children placed their fingers in the hinge mechanism of the recalled strollers. The company is offering free repair kits to fix the stroller problem. Details are available at http://www.cpsc.gov.

Health Canada says there have been no reported instances of injury in Canada. The department is trying to find out whether the models sold in the U.S are the same as the ones sold in Canada.

Trican reports loss

Trican Well Services Ltd. (TSX:TCW) reported a loss in its most recent quarter as revenue fell by one-third. The oilfield services company said Monday that it lost $7.4 million or six cents per share for the quarter ended Sept. 30 compared with a profit of $18.1 million or 14 cents per share a year ago.

Revenue totalled $188.4 million, down from $286.7 million. In its outlook, the company said natural gas prices have been depressed during 2009 as a result of an increase in supply from shale gas resource plays and a significant decrease in demand.

— The Canadian Press

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