Word: ftc
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Fast-rising prices in the art market have inspired a hot new trade in phony prints. Hundreds of people have paid as much as $4,000, sight unseen, for "limited-edition" originals. The FTC has sued Federal Sterling Galleries, a telemarketer in Scottsdale, Ariz., for allegedly peddling photographs of artworks as authentic prints by Salvador Dali...
Anyone who is tired of hearing about Real Estate Mogul Donald Trump's latest megadeal or his timely escape, unscathed, from the stock-market crash may have felt a certain satisfaction last week. According to FTC: Watch, a biweekly newsletter that reports on the Federal Trade Commission, the agency has asked the Justice Department to prosecute the New York developer for illegal use of a "parking agreement." Under such an arrangement, a corporate raider employs one or more third parties, like an investment bank, to help him secretly amass shares in a takeover target in violation of federal law. Trump...
...deals go through, Coke and Pepsi will account for 80% of the market. Both companies voiced little reaction to the FTC move. Said a Coke spokesman: "We believe our acquisition is in the best interests of the industry...
...FTC said the study showed that smokers who quit had lower rates of heart disease than unrepentant smokers, and averred that the Reynolds ad misrepresented the study results. Reynolds officials insisted that their p.r. effort was simply an editorial position and was thus protected by the First Amendment. The FTC's complaint, said a company spokesman, is "a misuse of its investigative powers." Reynolds has retained well-known First Amendment Lawyer Floyd Abrams as an adviser before a hearing next month by an FTC administrative-law judge on the charges...
While actual cram courses are indeed ineffectual at best, there is irrefutable evidence that the Kaplan program is much more than an "expensive confidence booster." No less an authority than the FTC's Bureau of Consumer Protection, in a 1979 study on standardized-test prep courses, wrote, "though it cannot be concluded that coaching [in general] will work for everyone, the results of the study do show that coaching can be effective for those who do not score well on standardized tests." Much more significantly, they added, "coaching at School A [Kaplan] can be effective for all students, not just...