Business briefs
SARASOTA -- To support children and adults living with disabilities, the Easter Seals of Southwest Florida will host the 20th Annual Meadow's Cup pro am golf tournament starting at 10 a.m. on April 16 at Meadow's Country Club, 3101 Longmeadow, Sarasota.
In the last 19 years, the golf tournament has raised more than $1 million for Easter Seals.
Several levels of sponsorship are available. Those interested in sponsoring the event can get more information at meadowscup.com.
FDA standards for generic anti-abuse painkillers set
WASHINGTON -- Federal officials are encouraging generic drugmakers to develop painkillers that are harder to abuse, the latest in a string of steps designed to combat abuse of highly addictive pain drugs like codeine and oxycodone.
The Food and Drug Administration published draft guidelines outlining testing standards for harder-to-abuse generic painkillers. The agency has already approved five brand-name opioid pain drugs which are designed to discourage abuse. The current version of OxyContin, for example, is difficult to crush, discouraging abusers from snorting or dissolving the tablets to get high.
But these abuse-deterrent painkillers represent a small fraction of the market for opioid pain drugs, which is dominated by low-cost generics.
As Yahoo Turns: Mutiny begins another soap opera
SAN FRANCISCO -- Activist investor Starboard Value launched a widely anticipated mutiny Thursday in a letter announcing its intent to overthrow Yahoo CEO Marissa Mayer and the rest of the company's board. It marks the opening salvo in a battle for control of Yahoo Inc. that could drag into the summer.
This is the third attempted coup at Yahoo since 2008, all led by different shareholders fed up with different management teams' attempts to turn around the company.
Now, Mayer's job is in jeopardy as a prolonged revenue slump at Yahoo deepens nearly four years into her reign as CEO.
Samsung to emulate lean startups, revamp its style
SEOUL, South Korea -- Samsung Electronics, the world's largest maker of phones, memory chips and television sets, plans to revamp its authoritarian, top-down corporate culture to become more like a lean startup as it copes with sluggish demand and growing competition.
The company said Thursday its staff pledged to reduce hierarchical practices, unnecessary meetings and excessive working hours in a "Startup Samsung" ceremony held at its headquarters in South Korea.
The first step in this new culture of flexibility? Requiring all its executives to sign a statement promising to scrap the compa
ny's traditional authoritarian ways.
VW, Porsche recalling SUVs over possible pedal issue
BERLIN -- Volkswagen and its Porsche unit say they're recalling a total of about 800,000 Touareg and Cayenne SUVs worldwide because of a potential problem with the pedal system.
Volkswagen said Thursday that it is recalling 391,000 Touaregs worldwide because of a problem that was detected in internal checks with "possible loosening of a retaining ring on the bearing block of the pedal system." The vehicles concerned are 2011-2016 models.
Porsche said the recall also affects just over 409,000 of its Cayenne SUVs, made in the same years.
-- Herald wire and staff reports
This story was originally published March 24, 2016 at 8:13 PM with the headline "Business briefs ."