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Showing posts from June, 2014

CMI Silver & Gold | Spot Prices as of close of trading day in New York June 30, 2014.

Spot Prices as of close of trading in New York Monday, June 30, 2014 GOLD TODAY CHANGE WEEK AGO MONTH AGO YEAR AGO $1,322.55 +$2.30 $1,318.65 $1,246.50 $1,226.90 SILVER TODAY CHANGE WEEK AGO MONTH AGO YEAR AGO $21.07 -$0.10 $20.95 $18.69 $19.67 PLATINUM TODAY CHANGE WEEK AGO MONTH AGO YEAR AGO $1,485.60 +$1.60 $1,459.00 $1,454.10 $1,383.60 PALLADIUM TODAY CHANGE WEEK AGO MONTH AGO YEAR AGO $846.90 +$1.60 $817.00 $839.50 $690.50 GOLD/SILVER RATIO 62.77

SEC | Enforcement Actions - Litigation Release - June 30, 2014: OM Investment Management LLC et al.

U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 23034 / June 30, 2014 Securities and Exchange Commission v. OM Investment Management LLC et al. , Civil Action No. 13-cv-23486-MARTINEZ/MCALILEY District Court Enters Final Judgment Setting Disgorgement and Civil Penalties Against Hedge Fund Advisers Om Investment Management and Gignesh Movalia for Fabricating Statements of Shares in Facebook, Inc. and Making Unauthorized and Undisclosed Investments The Commission announced that on May 29, 2014, the United States District Court for the Southern District of Florida entered a Final Judgment setting disgorgement in the amount of $1,729,800.04 against Defendants OM Investment Management LLC (“OMIM”) and Gignesh Movalia, jointly and severally, and a civil penalty in the amount of $300,000 against Movalia, pursuant to Section 20(d) of the Securities Act of 1933 (“Securities Act”); Section 21(d) of the Securities Exchange Act of 1934 (“Exchange Act”); Section 209(e) of

FTC | Business Center Blog Update - June 30, 2014: FTC to L’Oréal: Scientific claims need proof that’s more than just skin deep.

FTC to L’Oréal: Scientific claims need proof that’s more than just skin deep By Lesley Fair When ads for beauty products convey subjective claims – for example, L’Oréal’s long-standing “Because I’m worth it” tagline – it’s unlikely consumers would think statements like that are supported by science.  (It’s hard to imagine a testing protocol that could establish whether or not we’re worth it.)  But flip through a magazine and it’s apparent that test tubes are overtaking powder puffs in how some cosmetics are marketed.  When companies tout the scientific research behind their advertising or say their products have been “clinically proven,” those claims – like any other objective representation – need appropriate support.   According to an FTC lawsuit, L’Oréal USA overstated the science behind claims for products in its Lancôme Génifique and L’Oréal Paris Youth Code lines. The proposed settlement underscores that established legal principles apply at the cosmetics counter, too

FDIC | Press Release - June 30, 2014: Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies

Press Release Joint Release Board of Governors of the Federal Reserve System Office of the Comptroller of the Currency Federal Deposit Insurance Corporation For Immediate Release June 30, 2014 Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today announced the availability of the 2014 list of distressed or underserved nonmetropolitan middle-income geographies, where revitalization or stabilization activities will receive Community Reinvestment Act (CRA) consideration as "community development." "Distressed nonmetropolitan middle-income geographies" and "underserved nonmetropolitan middle-income geographies" are designated by the agencies in accordance with their CRA regulations. The criteria for designating these areas are available on the Federal Fina

FTC | Competition matters: Running time

Running time By Mike Moiseyev, Bureau of Competition June 30, 2014   “The clock” is a central part of a merger lawyer’s life. HSR merger review is all about managing the clock effectively. Here are some things we’ve been known to say: Is the clock running? When does the clock start? How much time is on the clock? Conducting a merger investigation under the Hart-Scott-Rodino Act requires that we always be aware of the timing, and where we are on the clock. Once the parties to a proposed transaction have filed an HSR notification form, the initial waiting period provided by the Act begins to run—thirty days for the vast majority of deals, less for a Cash Tender Offer (CTO) or a bankruptcy filing. During those first thirty days, we have to figure out if there are any competitive issues that warrant additional scrutiny. If there are such issues, we need to work quickly to learn as much as possible so that we can craft a Second Request that captures the data and information

NYT | Opinion - June 30, 2014: Gov. Christie's Money Trail.

NYTimes.com   |   Most Popular   |   Video   |   Search Opinion Monday, June 30, 2014 TODAY'S EDITORIALS Gov. Christie's Money Trail By THE EDITORIAL BOARD The governor of New Jersey has found yet another questionable way to preserve his reputation as an anti-taxer. EDITORIAL New Rules to Address Campus Rape The Department of Education's guidelines could bring more order to the process and help colleges meet federal requirements on safety. EDITORIAL Pushback on Home Care A lawsuit against a new wage protection rule is the latest move in a misguided campaign by some states and groups representing home care agencies. EDITORIAL House Hypocrisy on Insider Trading Lawmakers rebuff an attempt to enforce a law banning insider trading by members of Congress and their aides. OP-ED CONTRIBUTOR Let Them Eat Cash Amanda Lanzone By CHRISTOPHER BLATTMAN Help the poor by giving them money. They won't waste it. OP-ED CONTR

WSJ | Most Actives Closing June 30, 2014.

THE WALL STREET JOURNAL Most Actives Closing Most Active Stocks by Volume 4:33 pm ET 06/30/2014 NYSE ISSUE VOLUME PRICE CHG % CHG Bank of America (BAC) 46,387,574 $15.37 0.04 0.26 Fidelity National Financial (FNF) 29,621,632 32.76 -0.31 -0.94 General Electric (GE) 28,771,051 26.28 -0.15 -0.57 Advanced Micro Devices (AMD) 25,670,004 4.19 0.08 1.95 Ford Motor (F) 23,511,522 17.24 -0.04 -0.23 Twitter (TWTR) 22,682,683 40.97 0.04 0.10 General Motors (GM) 20,481,911 36.30 -0.32 -0.87 Weyerhaeuser (WY) 19,457,774 33.09 0.51 1.57 Pfizer (PFE) 19,097,356 29.68 0.01 0.03 AT&T (T) 18,588,784 35.36 -0.05 -0.14 Rite Aid (RAD) 16,947,336 7.17 -0.01 -0.14 Verizon Communications (VZ) 16,310,298 48.93 -0.39 -0.79 J.C. Penney (JCP) 15,786,988 9.05 0.10 1.12 Coca-Cola (KO) 13,649,723 42.36 0.17 0.40 Oracle (ORCL) 13,587,358 40.53 0.00 0.00 Petroleo Brasileiro ADS (PBR) 13,159,114 14.63 0.00 0.00 Valero Energy (VLO) 13,151,398 50.10 -1.57 -3.04 Alcoa (AA) 12,801,480