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Dec 3, 2013

FTC | Business Center Blog Update: Looking Before They Leap.

Federal Trade Commission - Business Center Blog Update


By Lesley Fair

Most retailers and buyers approach a purchase with the best of intentions.  But let's face it: Glitch happens.  If a company sells a product with a warranty, consumers need up-front access to information about what the seller will do if things go south later.  That’s the thinking behind the FTC’s Rule about the Pre-Sale Availability of Written Warranty Terms.

Read more

FTC | Announcement of Workshops: FTC Announces Agenda, Panelists for Native Advertising Workshop on December 4, 2013.

FTC Banner
Workshop on December 4, 2013 Will Explore the Blurring of Digital Ads and ContentThe Federal Trade Commission will host a workshop on December 4, 2013 in Washington, DC to examine the practice of blending advertisements with news, entertainment, and other editorial content in digital media, referred to as “native advertising” or “sponsored content.”
The workshop, “Blurred Lines:  Advertising or Content?” will bring together publishing and advertising industry representatives, consumer advocates, academics, and self-regulatory organizations to explore:  the ways in which sponsored content is presented to consumers online and in mobile apps; consumers’ recognition and understanding of it; the contexts in which it should be identifiable as advertising; and effective ways of differentiating it from editorial content.
The workshop will be free and open to the public.  It will be held at the FTC’s satellite building conference center, located at 601 New Jersey Avenue, N.W. in Washington, D.C.
Updates to the agenda, and logistical information for those planning to attend can be found on the workshop website, which will also provide a link to the live webcast.
Reasonable accommodations for people with disabilities are available upon request. Requests should be submitted to Lara Busby via email at lbusby@ftc.gov or by calling 202-326-3388.  Requests should be made in advance, and include a detailed description of the accommodations needed and contact information.
The Federal Trade Commission works for consumers to prevent fraudulent, deceptive, and unfair business practices and to provide information to help spot, stop, and avoid them. To file a complaint in English or Spanish, visit the FTC’s online Complaint Assistant or call 1-877-FTC-HELP (1-877-382-4357). The FTC enters complaints into Consumer Sentinel, a secure, online database available to more than 2,000 civil and criminal law enforcement agencies in the U.S. and abroad. The FTC’s website provides free information on a variety of consumer topics. Like the FTC on Facebook, follow us on Twitter, and subscribe to press releases for the latest FTC news and resources.
MEDIA CONTACT:
Betsy Lordan
Office of Public Affairs

202-326-3707

STAFF CONTACT:
Laura Sullivan or Michael Ostheimer
Bureau of Consumer Protection
202-326-3327 or 202-326-2699

Related Items:

More news from the FTC >>

NYT | Asian Morning Today's Headlines December 03, 2013: Ukrainian Government Survives Confidence Vote, and Protests Continue

The New York Times
NYT Apps|Subscribe: Digital / Home Delivery

Wednesday, December 4, 2013


Top News
Protesters on Tuesday outside Parliament, where a no-confidence vote against President Viktor F. Yanukovich's government failed to pass.
Ukrainian Government Survives Confidence Vote, and Protests Continue

By DAVID M. HERSZENHORN and ANDREW E. KRAMER

Opponents of President Viktor F. Yanukovich on Tuesday had unsuccessfully demanded his resignation as protesters continued a siege of government buildings.
The North Korean leader Kim Jong-un with his uncle, Jang Song-thaek, last year.
Uncle of North Korean Leader Stripped of Power, According to Reports

By CHOE SANG-HUN

South Korea's intelligence service reported that Jang Song-thaek, considered to be No. 2 in the Pyongyang government and a mentor to Kim Jong-un, has lost his positions of influence.
Protesters outside the courthouse in Detroit.
Ruling Makes Detroit Biggest City to Qualify for Bankruptcy

By BILL VLASIC and MONICA DAVEY

Detroit is eligible to shed billions in debt, a federal judge ruled Tuesday, while also finding that the public pensions could be reduced despite a provision in Michigan's Constitution.
For more top news, go to INYT.com
Editors' Picks

TRAVEL

Video VIDEO: The King of Fruits
Durian stinks so badly that it's banned from hotels and mass transit in parts of Southeast Asia, yet it's regarded by some as a delicacy.
. Related Article

OPINION | OP-ED | NORIHIRO KATO

Japan in a Post-Growth Age

By NORIHIRO KATO

The nuclear debate reflects growing anxiety about "Abenomics."
World
Kerry to Skip Ukraine and Visit Moldova

By MICHAEL R. GORDON

After Kiev's refusal to sign an accord with the European Union, Secretary of State John Kerry will go to Moldova, a small country that has resisted pressure from Moscow.
United States Vice President Joe Biden during a joint press conference with Japanese Prime Minister Shinzo Abe in Tokyo, on Tuesday.
Biden, in Japan, Calibrates Message Over Tensions With China

By MARK LANDLER and JANE PERLEZ

Vice President Joseph R. Biden Jr. finds himself in the midst of an increasingly tense standoff between Japan and China over Beijing's creation of a zone of restricted airspace.
Xi Jinping visited Tokyo in 2009 as China's vice president. As president, he has rejected talk of a summit meeting with Japan.
Chinese Leader's Rise Came With New Attention to Dispute With Japan

By JANE PERLEZ

President Xi Jinping of China appears to have approved the new air defense zone devised to weaken Japan's grip on disputed islands in the East China Sea.
For more world news, go to NYTimes.com/World
Business
Greg DeMichillie of Google said he expected demand for cloud computing would only increase.
Google Joins a Heavyweight Competition in Cloud Computing

By QUENTIN HARDY

The search giant, which for years has been evasive about its plans for the cloud, is announcing rates and features for a wide-ranging computing service.
Out of a Lull, Automakers Post Strong U.S. Sales in November

By JACLYN TROP

The sales increase, after a slowing in September and October, was being closely watched as an indication of the recovery's staying power.
For more business news, go to INYT.com/Business
Technology
Amazon says its proposed cargo drone has a 10-mile range.

NEWS ANALYSIS

Amazon Delivers Some Pie in the Sky

By DAVID STREITFELD

The plan announced by the company's chief to use drone aircraft to deliver packages is visionary, far-fetched and loopy, as well as a useful distraction.
. Bits Blog: Amazon Floats the Notion of Delivery Drones
. Economix Blog: Robots and Property Values
Apple Buys Topsy, a Social Media Analytics Firm

By BRIAN X. CHEN and VINDU GOEL

The hardware maker acquired Topsy Labs, which focuses on analyzing the half a billion messages sent over Twitter every day.
An Amazon.com fulfillment center in Phoenix. The company had challenged New York's law.
Justices Pass on Tax Case From Online Merchants

By ADAM LIPTAK

The United States Supreme Court will let stand a decision that the companies must collect sales taxes despite the lack of a physical presence in the state.
For more technology news, go to NYTimes.com/Tech
ADVERTISEMENT
Sports
Brazil's coach, Luiz Felipe Scolari, has relied on Regina Brandão, a professor, to
With Pressure On, Brazil's Coach Seeks Psychological Edge

By SAM BORDEN

With much at stake with Brazil hosting the World Cup next year, its coach has enlisted the help of a surprising weapon: a psychotherapist.
Neymar, center, after Brazil won the Confederations Cup in June. Its lineup for the final: goalkeeper Júlio César; defenders Dani Alves, Thiago Silva, David Luiz and Marcelo; midfielders Luis Gustavo, Paulinho and Oscar; and Hulk, Neymar and Fred up front.
Pick Your Brazil XI for the World Cup

By THE NEW YORK TIMES

Every World Cup coach will have difficult decisions to make before the tournament opens, but few will face more second-guessing than Luiz Felipe Scolari. Give Scolari some help with your suggestions.
Klinsmann Knows Well the Strains a Host Faces

By SAM BORDEN

Jurgen Klinsmann, who coached Germany in 2006, faced significant pressure with the host team, but acknowledged that the strain would be different for Luiz Felipe Scolari.
For more sports news, go to INYT.com/Sports
U.S. News
Belinda Hope, principal at the Pine Ridge Alternative Center in Fort Lauderdale, Fla.
Seeing the Toll, Schools Revise Zero Tolerance

By LIZETTE ALVAREZ

School districts around the country are rethinking their responses to minor offenses by students amid mounting evidence of the downside of get-tough policies.
American 15-Year-Olds Lag, Mainly in Math, on International Standardized Tests

By MOTOKO RICH

Students in the United States scored in the middle of the developed world in reading and science, but lower in math, according to results released on Tuesday.
For more U.S. news, go to NYTimes.com/US
Opinion

EDITORIAL

A More Open Myanmar
The military relaxes its grip, but foreign investors should push for greater democracy.
David Brooks

OP-ED COLUMNIST

The Stem and the Flower

By DAVID BROOKS

How much emotional and psychic space should politics take up in everyday life?
. Columnist Page
For more opinion, go to INYT.com/Opinion

DealBook P.M. Edition December 03, 2013: Volcker Rule Set for Vote Next Week



TUESDAY, DECEMBER 3, 2013
TOP STORY
Volcker Rule Set for Vote Next Week Federal regulators have reached a tentative agreement to finalize a new rule aimed at Wall Street risk taking, overcoming internal squabbling and an onslaught of Wall Street lobbying.
For the latest updates, go to dealbook.nytimes.com »
DEALBOOK HIGHLIGHTS
Wall Street Toasts Blankfein and Judaism at UJA-Federation Dinner
Wall Street Toasts Blankfein and Judaism at UJA-Federation Dinner The UJA-Federation's annual Wall Street event honored Lloyd C. Blankfein of Goldman and David K. Wassong of Soros Fund Management, while raising more than $26 million.
Activist Fund Seeks Change at the Top of Abercrombie
Activist Fund Seeks Change at the Top of AbercrombieEngaged Capital publicly urged Abercrombie & Fitch on Tuesday to replace its chief executive, Mike Jeffries, after his contract expires in February.
R.B.S. to Compensate Card Holders After Online Error
R.B.S. to Compensate Card Holders After Online ErrorA systems error left customers unable to use their credit and debit cards for about three hours on Cyber Monday.
Reuters Breakingviews: Versace Valuation May Be as Over the Top as Its Clothes The Italian fashion house reckons it is worth more than 1 billion euros, or $1.36 billion, and could triple in value in three years. That's a big price tag for a skimpy minority stake next to a powerful family, writes Quentin Webb.
BUZZ TRACKER
Judge Allows Detroit Bankruptcy to Go Forward The struggling metropolis, overwhelmed by debt and groping for a path forward, on Tuesday became the largest American city ever to qualify for bankruptcy protection, reports Bill Vlasic and Monica Davey for The New York Times. In his ruling, Judge Steven W. Rhodes of the United States Bankruptcy Court, found that Detroit was insolvent and that the pension checks of retirees could be cut during a bankruptcy proceeding, a crucial part of his decision.
British Lawmaker Critical of JPMorgan Fees on Co-op Deal The chairman of the Treasury Select Committee called for a review of fees paid to advisers on mergers after it emerged that the bank had a financial incentive for the Co-operative Bank's ill-fated 2009 takeover of Britannia to proceed, Reuters reported.
LOOKING AHEAD
Insider Trading Trial The trial of Michael S. Steinberg, one of Steven A. Cohen's closest associates at the hedge fund SAC Capital Advisors, continues in Federal District Court in Manhattan.
OPEC Meeting The Organization of the Petroleum Exporting Countries will hold its twice-a-year regular meeting on Wednesday, but it should have little effect on oil and gasoline prices. The cartel is expected to keep its production target of 30 million barrels a day because the Brent price of $110 is roughly where Saudi Arabia likes it - high enough to offer generous oil revenues to oil producing countries but not too high to threaten the world economy's tepid recovery. The Brent price is determined through assessing prices of a blend of four North Sea crude oils.

The biggest immediate threats to OPEC production levels come from instability in Libya and Iraq, but Saudi Arabia appears able to drive up production when necessary and global oil supplies have been increased by more production in recent years in non-OPEC countries like the United States and Canada.
European Bank Rate The European Central Bank could act more forcefully to stimulate bank lending when it meets on Thursday. According to speculation, the E.C.B. could emulate the Bank of England and offer cheap loans to banks if they lend the money to consumers and businesses. An interest rate cut is considered unlikely after the central bank cut its main rate to 0.25 percent, a record low, in early November.
British Economic Plan George Osborne, Britain's chancellor of the Exchequer, will make his Autumn Statement to Parliament on Thursday, updating government economic plans based on the latest forecasts. Growth prospects have improved but Mr. Osborne faces political pressure over rising energy bills and fears that the top end of the property market could overheat.
Jobs Report On Friday, the Bureau of Labor Statistics will issue its monthly report on job creation and unemployment in November. The data will be watched closely by traders and investors, because the figures for October were stronger than expected, and another robust reading would heighten the odds that the Federal Reserve will soon begin reducing its stimulus efforts. The consensus among economists polled by Bloomberg News is that the economy created 180,000 jobs in November, while the unemployment rate fell to 7.2 percent from 7.3 percent in October.
For the latest updates, go to dealbook.nytimes.com »

WSJ | Most Actives Closing December 03, 2013.

Most Actives Closing
Most Active Stocks by Volume
4:32 pm ET 12/03/2013
NYSE
ISSUEVOLUMEPRICECHG% CHG
Bank of America (BAC)103,435,590$15.54-0.19-1.21
Ford Motor (F)74,304,61216.56-0.50-2.93
General Motors (GM)44,454,92538.14-0.97-2.48
Rite Aid (RAD)41,469,3476.110.081.33
Pfizer (PFE)35,391,50731.22-0.61-1.92
Alcoa (AA)33,050,0129.42-0.13-1.36
General Electric (GE)31,907,50526.56-0.10-0.38
Petroleo Brasileiro ADS (PBR)25,800,78114.13-0.07-0.49
Sprint (S)23,676,2168.04-0.16-1.95
Nokia ADS (NOK)23,492,8597.81-0.16-2.01
Advanced Micro Devices (AMD)23,279,2523.62-0.04-1.09
Wells Fargo (WFC)20,831,35543.73-0.45-1.02
Citigroup (C)20,277,54152.13-0.49-0.93
JPMorgan Chase (JPM)19,727,20556.86-0.12-0.21
J.C. Penney (JCP)18,130,07510.110.101.00
Hewlett-Packard (HPQ)17,504,18327.500.180.66
Delta Air Lines (DAL)17,460,15528.05-0.95-3.28
US Airways Group (LCC)17,456,17222.39-0.65-2.82
AT&T (T)16,969,64734.74-0.06-0.17
Oracle (ORCL)16,154,91335.07-0.01-0.03
Barrick Gold (ABX)16,130,82015.51-0.03-0.19
Coca-Cola (KO)16,113,81040.350.270.67
Regions Financial (RF)15,930,1889.55-0.19-1.95
EMC (EMC)15,700,19123.60-0.12-0.51
Alpha Natural Resources (ANR)15,006,7756.920.121.76
 
Nasdaq
ISSUEVOLUMEPRICECHG% CHG
Cisco Systems (CSCO)50,633,320$21.260.170.81
Microsoft (MSFT)48,676,73938.31-0.14-0.36
Micron Technology (MU)42,573,67621.830.562.63
Sirius XM Holdings (SIRI)41,671,2623.74-0.03-0.80
Intel (INTC)33,775,27423.55-0.15-0.63
Zynga (ZNGA)31,946,0024.09-0.20-4.66
Facebook Cl A (FB)31,817,94046.73-0.33-0.70
PowerShares QQQ Trust Series 1 (QQQ)31,395,44585.41-0.07-0.08
Ariad Pharmaceuticals (ARIA)29,577,1404.83-0.10-2.03
Tesla Motors (TSLA)25,441,268144.7020.5316.53
Groupon (GRPN)20,070,2919.090.343.89
Apple (AAPL)15,560,600566.3215.092.74
Novavax (NVAX)14,555,6773.980.133.38
eBay (EBAY)13,476,52951.930.581.13
Yahoo! (YHOO)13,043,75936.56-0.45-1.22
Huntington Bancshares (HBAN)12,137,4249.01-0.10-1.10
Gilead Sciences (GILD)11,806,34372.42-2.10-2.82
Applied Materials (AMAT)11,500,96617.120.010.06
ON Semiconductor (ONNN)11,105,3177.260.223.13
VelocityShares Daily Inverse VIX Short Term ETN (XIV)10,906,30731.67-0.81-2.49
Nuance Communications (NUAN)10,502,81413.51-0.15-1.10
Frontier Communications (FTR)10,499,1724.650.030.65
Comcast Cl A (CMCSA)10,306,37348.77-0.35-0.71
Mondelez International Cl A (MDLZ)10,217,71633.900.461.38
GT Advanced Technologies (GTAT)9,544,5289.28-0.66-6.64
 
NYSE Arca
ISSUEVOLUMEPRICECHG% CHG
iShares MSCI Emerging Markets ETF (EEM)105,629,660$41.32-0.14-0.34
SPDR S&P 500 ETF Trust (SPY)103,575,881179.75-0.78-0.43
iShares MSCI Japan ETF (EWJ)37,164,27611.98-0.05-0.42
Market Vectors ETF Trust Market Vectors Gold Miners (GDX)36,084,98720.57-0.33-1.58
iShares Russell 2000 ETF (IWM)33,934,575111.83-0.54-0.48
Barclays Bank iPath S&P 500 VIX Short Term Futures ETN (VXX)28,702,22846.851.052.29
Select Sector SPDR-Financial (XLF)27,459,45821.25-0.22-1.02
iShares MSCI Brazil Capped ETF (EWZ)23,594,94844.72-0.61-1.35
iShares China Large-Cap ETF (FXI)23,411,63839.43-0.36-0.90
Vanguard FTSE Emerging Markets ETF (VWO)21,259,39440.55-0.15-0.37
iShares MSCI EAFE ETF (EFA)14,689,87365.29-0.46-0.70
Direxion Daily Small Cap Bear 3x Shares (TZA)13,705,81419.050.301.60
ProShares Ultra VIX Short-Term Futures ETF (UVXY)13,393,98420.580.974.95
Select Sector SPDR-Energy (XLE)10,802,32486.710.210.24
Select Sector SPDR-Utilities (XLU)9,852,93238.060.190.50
Select Sector SPDR-Industrial (XLI)8,946,73049.76-0.43-0.86
Market Vectors Russia ETF Trust SBI (RSX)8,928,51327.72-0.04-0.14
ProShares UltraShort S&P500 (SDS)8,798,61431.710.260.83
Direxion Daily Gold Miners Bull 3x Shares (NUGT)8,347,99225.43-1.38-5.15
Direxion Daily Small Cap Bull 3x Shares (TNA)7,779,98171.23-1.12-1.55
SPDR Dow Jones Industrial Average ETF Trust (DIA)7,393,409158.99-0.93-0.58
iShares U.S. Real Estate ETF (IYR)7,060,77762.70-0.07-0.11
SPDR Gold Trust (GLD)6,948,744117.960.380.32
iShares Silver Trust (SLV)6,844,25818.42-0.04-0.22
Select Sector SPDR-Consumer Staples (XLP)6,124,11742.990.210.49
 
Composite
ISSUEVOLUMEPRICECHG% CHG
iShares MSCI Emerging Markets ETF (EEM)105,629,498$41.32-0.14-0.34
SPDR S&P 500 ETF Trust (SPY)103,575,881179.75-0.78-0.43
Bank of America (BAC)103,435,59015.54-0.19-1.21
Ford Motor (F)74,304,61216.56-0.50-2.93
Cisco Systems (CSCO)50,726,46321.260.170.81
Microsoft (MSFT)48,676,73938.31-0.14-0.36
General Motors (GM)44,454,92538.14-0.97-2.48
Micron Technology (MU)42,616,44821.830.562.63
Sirius XM Holdings (SIRI)41,671,2623.74-0.03-0.80
Rite Aid (RAD)41,469,3476.110.081.33
iShares MSCI Japan ETF (EWJ)37,164,27611.98-0.05-0.42
Market Vectors ETF Trust Market Vectors Gold Miners (GDX)36,084,98720.57-0.33-1.58
Pfizer (PFE)35,458,46831.22-0.61-1.92
iShares Russell 2000 ETF (IWM)33,934,575111.83-0.54-0.48
Intel (INTC)33,802,94023.55-0.15-0.63
Alcoa (AA)33,050,0129.42-0.13-1.36
Zynga (ZNGA)31,946,0024.09-0.20-4.66
General Electric (GE)31,907,50526.56-0.10-0.38
Facebook Cl A (FB)31,817,94046.73-0.33-0.70
PowerShares QQQ Trust Series 1 (QQQ)31,395,44585.41-0.07-0.08
Ariad Pharmaceuticals (ARIA)29,577,1404.83-0.10-2.03
EnteroMedics (ETRM)29,478,0332.240.8763.50
Barclays Bank iPath S&P 500 VIX Short Term Futures ETN (VXX)28,702,22846.851.052.29
OCZ Technology Group (OCZ)28,092,5300.16-0.10-37.31
Select Sector SPDR-Financial (XLF)27,459,45821.25-0.22-1.02
 
See All Most Actives
 
Footnotes
Includes common, closed end funds, ETFs, ETNs and REITS
x - stock is trading ex-dividend
Source: WSJ Market Data Group