Washington, DC, United States
Washington, DC, United States

Time filter

Source Type

Ashenfelter O.C.,Princeton University | Hosken D.S.,Federal Trade Commission | Weinberg M.C.,Drexel University
RAND Journal of Economics | Year: 2015

Merger efficiencies provide the primary justification for why mergers of competitors may benefit consumers. Surprisingly, there is little evidence that efficiencies can offset incentives to raise prices following mergers. We estimate the effects of increased concentration and efficiencies on pricing by using panel scanner data and geographic variation in how the merger of the brewers Miller and Coors was expected to increase concentration and reduce costs. All else equal, the average predicted increase in concentration led to price increases of 2%, but at the mean this was offset by a nearly equal and opposite efficiency effect. © 2015, RAND.


HANOVER, NH - Pre-school age children who are exposed to child-targeted fast-food advertising on television are considerably more likely to consume fast-food products, according to a recent Dartmouth-led study published in the journal Public Health Nutrition. According to the Federal Trade Commission, the greatest exposure to food advertising in the US for children aged 2-11 years comes from fast-food restaurant chains. In 2009, the fast-food industry spent more than $580 million on child-targeted marketing, with television being the predominant medium. "In general, children's consumption of fast food is associated with increased intakes of calories, fat and sugar, making fast-food consumption an important risk factor for obesity and other health problems," says Madeline Dalton, PhD, lead author on the study, who is a professor of pediatrics at Dartmouth's Geisel School of Medicine and a researcher at the Dartmouth-Hitchcock Norris Cotton Cancer Center. "We also know that dietary practices that are formed early in life are carried throughout adolescence and adulthood." Funded by the National Institutes of Health, the study is the first research conducted in a community setting to demonstrate a significant positive association between child-directed fast-food TV ads and increased consumption of fast food among children of pre-school age. "Most parents won't be surprised by the study's findings since they probably know this from observing their own children, and the results are also consistent with food marketing influences that have been observed in highly controlled laboratory settings," Dalton says. "I think what's significant about this study is we're using scientific methods we've developed over the past two decades to measure media and advertising exposure in an objective way, so that the findings are generalizable to real life and we're able to control for influences that we know are important--like parents' fast-food consumption and the overall amount of TV that children watch," she says. In the nine-month study, the research team recruited a total of 548 parents who had a pre-school age child (average of 4.4 years) to complete a written survey during their visits to pediatric and women, infant, and children clinics in Southern New Hampshire. Parents reported their child's viewing time, channels watched, and fast-food consumption during the past week. Their responses were combined with a list of fast-food commercials that were aired on kids' TV channels during that same period to calculate the children's exposure to child-targeted TV ads from three fast-food restaurant chains: McDonald's, Subway, and Wendy's. -- 43 percent of the preschoolers ate food from these restaurants during the past week; a similar percentage (41 percent) had been exposed to the TV ads. --Moderate or high exposure to TV ads increased the likelihood of consuming the fast food by about 30 percent. --Importantly, this association was independent of the overall number of hours of TV the children watched, the frequency with which their parents ate fast food, and other factors like socioeconomic status. --McDonald's accounted for nearly three-quarters of the TV commercials and an even greater proportion (79 percent) of the children's fast-food consumption. According to Dalton, the findings are particularly concerning because children under six years of age can't distinguish between advertisements and programs when they're watching TV--which makes them very vulnerable to persuasive messaging. "These data provide empirical evidence in support of policy recommendations to limit child-directed fast-food marketing on TV," Dalton says. Meghan Longacre, PhD, a study co-author and assistant professor of biomedical data sciences at Geisel, adds, "An important part of the take-home message for parents is that there are preschool channels that don't feature fast-food advertising, and to the extent that they can direct their child's viewing to those channels exclusively, they themselves can protect their children from that exposure." While Dalton considers the findings to be "very significant," she says more research needs to be done to inform national policy around child-targeted fast-food marketing practices. "The biggest limitation of our study is that it's cross-sectional, so we're talking about association, not causality," she explains. "The next step is a longitudinal study, which will also allow us to collect and analyze data on things like the actual food choices children make and even more precise estimates of their viewing time per channel." This research was funded by the National Institutes of Health, grant number R01HD071021. Co-authors on the study include: Linda Titus, PhD, Kristy Hendricks, PhD, Keith Drake, PhD, Lauren Cleveland, MS, from the Geisel School of Medicine, and Jennifer Harris, PhD, MBA, from the Rudd Center for Food Policy and Obesity at the University of Connecticut. Founded in 1797, the Geisel School of Medicine at Dartmouth strives to improve the lives of the communities it serves through excellence in learning, discovery, and healing. The Geisel School of Medicine is renowned for its leadership in medical education, health care policy and delivery science, biomedical research, global health, and in creating innovations that improve lives worldwide. As one of America's leading medical schools, Dartmouth's Geisel School of Medicine is committed to training new generations of diverse leaders who will help solve our most vexing challenges in health care.


News Article | April 24, 2017
Site: www.accesswire.com

WASHINGTON, DC / ACCESSWIRE / April 24, 2017 / Earlier this month, Ifrah Law firm's Jessica Feil confirmed that she would be speaking at GiGse 2017, the nation's largest conference of US gaming industry leaders and regulators. As moderator of the session entitled Tracking regulatory updates within skill-based, social, eSports and DFS gaming challenges, Feil will be joined by panelists Susan Hensel and Kenneth L. George, Jr. to take a look at current state-by-state approaches and what impacts the new Trump administration may have on operators and their customers. 2017 Edition of GiGse will take place on April 26 - 28 at the Marriott Marquis Marina in San Diego. The event will give attendees an insight into how to monetize digital features, profile and target the current consumer base, acquire land-based users, and implement a successful social casino strategy in today's business climate. Among the topics to be covered this year are implementing and monetizing skill-based gaming, virtual reality and eSports; the regulatory environment of social gaming, skill-based gaming, eSports and daily fantasy sports; and creating political cohesion. At the end of the first day of GiGse, Jessica Feil will moderate a panel consisting of Pennsylvania Gaming Control's director of licensing and a chairman from Forest County Potawatomi. The three will lead a discussion intended to give attendees a perspective on current and future legislation that is different from industry insiders and their customers. Covering all fifty states, they will provide an understanding of each government's view on different gaming channels, explain how current regulations are affecting businesses, and help form an idea of what the Trump administration will mean to the future of the industry. In addition, on the second day of GiGse, Feil will serve as a judge on the Launchpad panel, a Shark Tank-style competition where five start-ups pitch their ideas to the GiGse audience. Feil is an associate with Ifrah Law, a Chambers top rated firm based in Washington, D.C. Specializing in the areas of online gambling, eSports, and licensing, she assists top operators in growing and expanding their businesses within regulatory guidelines. Prior to joining the firm, as Assistant Prosecuting Attorney for the Cuyahoga Country Prosecutor's Office, Feil oversaw an active docket of over 70 cases, serving as first chair on a number of assignments. Prior to that, she was an associate at a boutique criminal defense firm where she regularly appeared in court with clients at arraignments, pre-trial conferences, changes of plea, and sentencing hearings. Ifrah Law is a nationally recognized law firm that specializes in the successful navigation of government investigations, complex litigation, white-collar defense, gaming, and eSports. The firm was founded in October of 2009 by Jeff Ifrah, who has been widely recognized for his legal excellence by the National Law Journal, Chambers USA, and Nightingale's Healthcare News, among others. The firm's talented team of litigators includes seasoned members of the Federal Trade Commission and several highly trained veterans from the nation's most respected law firms. As a result, Ifrah Law is well known for its established relationships with federal prosecutors and investigators in agencies including the Department of Justice, FTC, Securities and Exchange Commission, Department of Defense, and others.


On Tuesday Republicans initialized the first step in rolling back the Federal Communications Commission's internet privacy rules, with 25 U.S. senators introducing a new resolution that would cause their reversal, and even forbid the commission from passing anything similar in the future. Introduced last year, the privacy rules were an addendum to the net neutrality order, which required the FCC to handle enforcement of privacy protection form the Federal Trade Commission, although the FCC needed to pass clear rules in order to effectively do as such. The Verge notes that the FCC's rules mostly parallel FTC's privacy standards, but there are two key differences between both: the FCC makes it compulsory for internet service providers, or ISPs, to protect browsing data and history of their subscribers, and FCC also has much more leeway to enforce its own rules. Such precedence over internet privacy sours ISPs, so needless to say they are obviously advocating to overturn them. The new legislation would use the power of lawmakers under the Congressional Review Act to render FCC's rulemaking essentially useless. The goal is for FCC's rules to match FTC's, and that means, at a minimum, internet providers would be able to sell private browsing history for advertising. Senator Jeff Flake said in his announcement that he's trying to "protect consumers from overreaching Internet regulation." He adds that the resolution helps consumers arrive at informed decisions "on if and how their data can be shared," though Flake didn't elaborate how. Flake argues that the FCC's privacy rulemaking, approved by the commission this past October, "does nothing to protect consumer privacy." "It is unnecessary, confusing, and adds yet another innovation-stifling regulation to the Internet." Flake also called the FCC's restrictions as possible impediments to consumers and the future of internet innovation. The privacy order had several major components, according to Ars Technica. It required consent from consumers before parting information such as geolocation, financial and health data, children's information, Social Security numbers, internet browsing history, app history, and even communication content. This is supposed to go into effect on Dec. 4. FCC's rulemaking required ISPs to protect consumer information from theft and data breaches. This was on track to take effect on March 2, but Trump-appointed FCC chair Ajit Pai put a stop to the implementation of such a rule. The new resolution would block all such requirements from taking into effect. Flake calls it the first step toward reverting back to the FTC's "light-touch, consumer-friendly approach." There's an inherent conundrum to all this: what are FCC's next plans? If the privacy rules are indeed trashed by the Congress, the resolution essentially renders the FCC unable to pass any rules that are similar to the ones overturned. Criteria to determine whether rules are "substantially the same" are not quite clear yet. Since Pai's assumption of the top FCC post, net neutrality has been in constant hazard of being obliterated completely, and this new resolution appears set to seal the deal. Most recently, Pai called the privacy rules "a mistake," promising commitment to a lighter touch of regulation throughout his helm. © 2017 Tech Times, All rights reserved. Do not reproduce without permission.


News Article | April 20, 2017
Site: marketersmedia.com

FRISCO, TX / ACCESSWIRE / April 20, 2017 / The debt settlement industry has become mistrusted by the public due to deceptive marketing campaigns and lackluster results, culminating in new regulations issued in 2010 by the Federal Trade Commission (FTC) mandating that debt settlement service providers provide additional disclosures particular to the debt settlement industry. The intent was that consumers must be provided with all of the key information necessary to make an informed decision regarding debt settlement solicitations over the telephone. The Telemarketing Sales Rule also prohibits, with limited exception, debt settlement companies from charging customers before delivering results through a debt settlement or reduction. These regulations have forced many debt settlement companies to permanently close their doors, as they were unable to meet the new standards. United Debt Counselors, or UDC, is going above and beyond to avoid sharing that fate. The company's employees are undergoing rigorous training (and/or retraining) backed by thorough internal performance reviews to ensure compliance. This is to be sure that all prospective clients are informed of the material terms and conditions of all services offered, any fees associated with the service, the potential benefits of debt settlement, and the consequences of failing to settle outstanding debts. Such information is not just discussed during an initial sales call with the company, but also during a separate face-to-face meeting afterwards. This provides consumers extra time to weigh their options and ask questions. Armed with all of this information, prospective clients will be able to determine for themselves whether UDC's services are right for their situation. This information will be available through all mediums of the company's advertising, including print mailings, video content, and direct customer interaction with company employees or agents. UDC handles its own marketing, so this consistent message should be easy to implement. UDC hopes that these measures will allow them to go above and beyond the FTC's mandates to maintain the public's trust. UDC was founded in Frisco, Texas over five years ago to help clients explore bankruptcy alternatives. Individuals can seek debt relief without professional assistance, but many experience better outcomes with experts on their side and having a middle-person negotiate. To date, the company has helped thousands of clients settle their debts without resorting to bankruptcy. The exact results depend on the unique circumstances surrounding each individual client. To conclude, United Debt Counselors is revamping its services and processes so that they can better serve their customers and ensure there is no confusion over the services offered. Potential customers are provided with all of the information required to make an informed decision about their unique financial circumstances. If you have been looking for an experienced debt expert to consult about your outstanding debts, contact UDC today at: uniteddebtservices.com/. FRISCO, TX / ACCESSWIRE / April 20, 2017 / The debt settlement industry has become mistrusted by the public due to deceptive marketing campaigns and lackluster results, culminating in new regulations issued in 2010 by the Federal Trade Commission (FTC) mandating that debt settlement service providers provide additional disclosures particular to the debt settlement industry. The intent was that consumers must be provided with all of the key information necessary to make an informed decision regarding debt settlement solicitations over the telephone. The Telemarketing Sales Rule also prohibits, with limited exception, debt settlement companies from charging customers before delivering results through a debt settlement or reduction. These regulations have forced many debt settlement companies to permanently close their doors, as they were unable to meet the new standards. United Debt Counselors, or UDC, is going above and beyond to avoid sharing that fate. The company's employees are undergoing rigorous training (and/or retraining) backed by thorough internal performance reviews to ensure compliance. This is to be sure that all prospective clients are informed of the material terms and conditions of all services offered, any fees associated with the service, the potential benefits of debt settlement, and the consequences of failing to settle outstanding debts. Such information is not just discussed during an initial sales call with the company, but also during a separate face-to-face meeting afterwards. This provides consumers extra time to weigh their options and ask questions. Armed with all of this information, prospective clients will be able to determine for themselves whether UDC's services are right for their situation. This information will be available through all mediums of the company's advertising, including print mailings, video content, and direct customer interaction with company employees or agents. UDC handles its own marketing, so this consistent message should be easy to implement. UDC hopes that these measures will allow them to go above and beyond the FTC's mandates to maintain the public's trust. UDC was founded in Frisco, Texas over five years ago to help clients explore bankruptcy alternatives. Individuals can seek debt relief without professional assistance, but many experience better outcomes with experts on their side and having a middle-person negotiate. To date, the company has helped thousands of clients settle their debts without resorting to bankruptcy. The exact results depend on the unique circumstances surrounding each individual client. To conclude, United Debt Counselors is revamping its services and processes so that they can better serve their customers and ensure there is no confusion over the services offered. Potential customers are provided with all of the information required to make an informed decision about their unique financial circumstances. If you have been looking for an experienced debt expert to consult about your outstanding debts, contact UDC today at: uniteddebtservices.com/.


News Article | April 17, 2017
Site: marketersmedia.com

LONDON, UK / ACCESSWIRE / April 17, 2017 / Active Wall St. announces its post-earnings coverage on Fred's, Inc. (NASDAQ: FRED). The Company reported its financial results for fourth quarter and fiscal 2016 on April 06, 2017. The discount retailer also reported March 2017 sales numbers. Register with us now for your free membership at: http://www.activewallst.com/register/. One of Fred's competitors within the Discount, Variety Stores space, Tuesday Morning Corp. (NASDAQ: TUES), is estimated to report earnings on May 05, 2017. AWS will be initiating a research report on Tuesday Morning following the release of its next earnings results. Today, AWS is promoting its earnings coverage on FRED; touching on TUES. Get our free coverage by signing up to: http://www.activewallst.com/register/. For the three months ended January 28, 2017, Fred's net sales decreased 4.5% to $529.7 million from $554.6 million for Q4 FY15. The Company's revenue numbers lagged behind analysts' consensus of $530.7 million. Fred's comparable store sales for the reported quarter decreased 3.6% versus a 1.7% increase in comparable store sales in the year ago same quarter. Comparable store sales in Q4 FY16 included a negative 2.6% impact as a result of the sale of low productive discontinued inventory versus Q4 FY15. Fred's net sales for FY16 decreased 1.2% to $2.13 billion from $2.15 billion. On a comparable store basis, FY16 sales decreased 2.2%. For Q4 FY16, Fred's gross profit decreased 2.5% to $129.6 million from $132.9 million in Q4 FY16. The Company's gross profit margin for the reported quarter increased 50 basis points to 24.5% from 24.0% in the prior year's same quarter. The margin includes a $3.1 million benefit on a pre-tax basis or $0.05 per share after tax resulting from the successful sale of discontinued inventory above estimated marked down cost. Fred's recorded LIFO adjustments of $2.0 million in Q4 FY16 compared with $4.0 million in the same quarter last year. Fred's gross profit for FY16 decreased 6.2% to $510.3 million from $544.2 million the year before. Gross margin for FY16 decreased 130 basis points to 24.0% of sales compared with 25.3% in the prior year comparable period. During Q4 FY16, Fred' s operating loss, or EBIT, was $22.2 million versus a $5.1 million loss in Q4 FY15. The Company's EBITDA was a loss of $10.5 million, or 2.0% of sales, for the reported quarter compared with earnings of $6.8 million, or 1.2% of sales, for the year ago same period. Fred's operating loss for FY16 was $74.7 million, or 3.5% of sales, compared with a loss of $10.4 million, or 0.5% of sales, in FY15. The Company's FY16 EBITDA was a loss of $27.7 million, or 1.3% of sales, compared with EBITDA of $35.3 million, or 1.6% of sales, in FY15. For Q4 FY16, Fred's recorded a net loss of approximately $22.5 million, or $0.60 per share, compared with a net loss of $3.9 million, or $0.11 per share, for Q4 FY15. During the reported quarter, the Company recorded charges totaling $23.4 million, or $0.49 per share, after tax during the quarter. Post adjustment, Fred's reported loss of $0.11 per share, which bettered market expectations of a loss of $0.19 per share. Fred's also reported sales for the five-week fiscal month ended April 01, 2017. Fred's total sales for the month decreased 2.7% to $208.6 million from $214.3 million in March 2016. Comparable store sales for March decreased 0.5% versus an increase of 1.8% in the year-earlier month. The March 2017 comparable store sales reflected the benefit of tax refunds, which were delayed from February to March, but were offset by a later Easter, shifting holiday sales into April. On December 20, 2016, Fred's announced that it signed an agreement with Walgreens Boots Alliance, Inc. and Rite Aid to purchase 865 stores for $950 million in cash. The Company stated that Fred's Pharmacy is working collaboratively with Walgreens Boots Alliance, Rite Aid, and the Federal Trade Commission ("FTC") to help obtain the FTC's approval of Walgreen Boots Alliance's pending acquisition of Rite Aid and the divestiture of certain Rite Aid assets to Fred's Pharmacy. Fred's Pharmacy remains committed to purchasing additional assets, including up to 1,200 Rite Aid stores, to the extent necessary to obtain the FTC's approval of the transaction. At the close of trading session on Thursday, April 13, 2017, Fred's share price finished the trading session at $15.03, marginally sliding 0.20%. A total volume of 696.24 thousand shares exchanged hands. The stock has advanced 65.31% and 3.56% in the last six months and past twelve months, respectively. The stock currently has a market cap of $562.42 million and has a dividend yield of 1.60%. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. LONDON, UK / ACCESSWIRE / April 17, 2017 / Active Wall St. announces its post-earnings coverage on Fred's, Inc. (NASDAQ: FRED). The Company reported its financial results for fourth quarter and fiscal 2016 on April 06, 2017. The discount retailer also reported March 2017 sales numbers. Register with us now for your free membership at: http://www.activewallst.com/register/. One of Fred's competitors within the Discount, Variety Stores space, Tuesday Morning Corp. (NASDAQ: TUES), is estimated to report earnings on May 05, 2017. AWS will be initiating a research report on Tuesday Morning following the release of its next earnings results. Today, AWS is promoting its earnings coverage on FRED; touching on TUES. Get our free coverage by signing up to: http://www.activewallst.com/register/. For the three months ended January 28, 2017, Fred's net sales decreased 4.5% to $529.7 million from $554.6 million for Q4 FY15. The Company's revenue numbers lagged behind analysts' consensus of $530.7 million. Fred's comparable store sales for the reported quarter decreased 3.6% versus a 1.7% increase in comparable store sales in the year ago same quarter. Comparable store sales in Q4 FY16 included a negative 2.6% impact as a result of the sale of low productive discontinued inventory versus Q4 FY15. Fred's net sales for FY16 decreased 1.2% to $2.13 billion from $2.15 billion. On a comparable store basis, FY16 sales decreased 2.2%. For Q4 FY16, Fred's gross profit decreased 2.5% to $129.6 million from $132.9 million in Q4 FY16. The Company's gross profit margin for the reported quarter increased 50 basis points to 24.5% from 24.0% in the prior year's same quarter. The margin includes a $3.1 million benefit on a pre-tax basis or $0.05 per share after tax resulting from the successful sale of discontinued inventory above estimated marked down cost. Fred's recorded LIFO adjustments of $2.0 million in Q4 FY16 compared with $4.0 million in the same quarter last year. Fred's gross profit for FY16 decreased 6.2% to $510.3 million from $544.2 million the year before. Gross margin for FY16 decreased 130 basis points to 24.0% of sales compared with 25.3% in the prior year comparable period. During Q4 FY16, Fred' s operating loss, or EBIT, was $22.2 million versus a $5.1 million loss in Q4 FY15. The Company's EBITDA was a loss of $10.5 million, or 2.0% of sales, for the reported quarter compared with earnings of $6.8 million, or 1.2% of sales, for the year ago same period. Fred's operating loss for FY16 was $74.7 million, or 3.5% of sales, compared with a loss of $10.4 million, or 0.5% of sales, in FY15. The Company's FY16 EBITDA was a loss of $27.7 million, or 1.3% of sales, compared with EBITDA of $35.3 million, or 1.6% of sales, in FY15. For Q4 FY16, Fred's recorded a net loss of approximately $22.5 million, or $0.60 per share, compared with a net loss of $3.9 million, or $0.11 per share, for Q4 FY15. During the reported quarter, the Company recorded charges totaling $23.4 million, or $0.49 per share, after tax during the quarter. Post adjustment, Fred's reported loss of $0.11 per share, which bettered market expectations of a loss of $0.19 per share. Fred's also reported sales for the five-week fiscal month ended April 01, 2017. Fred's total sales for the month decreased 2.7% to $208.6 million from $214.3 million in March 2016. Comparable store sales for March decreased 0.5% versus an increase of 1.8% in the year-earlier month. The March 2017 comparable store sales reflected the benefit of tax refunds, which were delayed from February to March, but were offset by a later Easter, shifting holiday sales into April. On December 20, 2016, Fred's announced that it signed an agreement with Walgreens Boots Alliance, Inc. and Rite Aid to purchase 865 stores for $950 million in cash. The Company stated that Fred's Pharmacy is working collaboratively with Walgreens Boots Alliance, Rite Aid, and the Federal Trade Commission ("FTC") to help obtain the FTC's approval of Walgreen Boots Alliance's pending acquisition of Rite Aid and the divestiture of certain Rite Aid assets to Fred's Pharmacy. Fred's Pharmacy remains committed to purchasing additional assets, including up to 1,200 Rite Aid stores, to the extent necessary to obtain the FTC's approval of the transaction. At the close of trading session on Thursday, April 13, 2017, Fred's share price finished the trading session at $15.03, marginally sliding 0.20%. A total volume of 696.24 thousand shares exchanged hands. The stock has advanced 65.31% and 3.56% in the last six months and past twelve months, respectively. The stock currently has a market cap of $562.42 million and has a dividend yield of 1.60%. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


News Article | April 26, 2017
Site: www.businesswire.com

WASHINGTON--(BUSINESS WIRE)--Citizens Against Government Waste (CAGW) praised Federal Communications Commission (FCC) Chairman Ajit Pai today after his announcement of a Notice of Proposed Rulemaking (NPRM) that is intended to reconsider the imposition of an outdated regulatory regime on the internet. On February 26, 2015, acting on a directive from President Obama, then-FCC Chairman Tom Wheeler rammed through the Open Internet Order to establish “net neutrality.” The order reclassified internet service providers (ISPs) under Title II of the 1934 Communications Act, which allowed the agency to regulate ISPs as if they were antique, rotary-dialed phone companies, and led to less investment and innovation. CAGW President Tom Schatz said, “Chairman Pai is taking an important step to free the internet from government control, bring high-speed internet to more Americans, boost competition, and create more jobs in both the construction and use of new networks. It will also restore the authority of the Federal Trade Commission to protect online privacy for the entire internet ecosystem. However, the best and most permanent solution to the so-called issue of net neutrality is for Congress to modernize telecommunications laws. We commend Chairman Pai for his open and transparent process to consider the reversal of these toxic Title II regulations, and look forward to expressing our views on behalf of our more than one million members and supporters during the comment period for the proposed rules once they are released.” CAGW is the nation's largest nonpartisan, nonprofit organization dedicated to eliminating waste, fraud, abuse, and mismanagement in government.


News Article | April 28, 2017
Site: www.cnet.com

Did Uber break the law by collecting information on users' iPhones to identify the devices even after people had deleted the Uber app? That's what a consumer advocacy group asked the US Federal Trade Commission to find out in a complaint sent Thursday (PDF). Consumer Watchdog told the FTC in its complaint that this kind of tracking violates federal privacy law. Also, Uber is due for an investigation, the group wrote. "It is a renegade technology and transportation company whose executives pride themselves on a disruptive, rule-breaking approach to business," the Consumer Watchdog complaint says. "It is long past time for the company and its CEO Travis Kalanick to be held accountable for their actions which regularly flout the law." The complaint comes in the wake of a New York Times report from Sunday, which claimed Uber tracked users' iPhones even after the ride-hailing service's app had been removed from the gadgets. Asked to comment on the complaint, Uber pointed to its statement in response to the Times story. In that statement, Uber said that iPhone fingerprinting doesn't let the company keep tabs on people who uninstall its app. "We absolutely do not track individual users or their location if they've deleted the app," the statement says. "As the New York Times story notes towards the very end, this is a typical way to prevent fraudsters from loading Uber onto a stolen phone, putting in a stolen credit card, taking an expensive ride and then wiping the phone -- over and over again." Cybersecurity experts said that in reality, Uber would have been accessing the iPhone's Universal Device ID, a practice that Apple has told developers is forbidden. If a user deleted the Uber app and then reinstalled it, Uber would have been able to know it was the same iPhone. According to the Times report, Apple CEO Tim Cook summoned Kalanick to Apple headquarters to tell him Apple would remove the Uber app from its App Store unless the ride-hailing company stopped this practice.


News Article | March 10, 2017
Site: www.techtimes.com

Staples, the largest office supply chain in the U.S. has made an announcement of closing down 70 stores across the country because of drop in sales. Things are not looking very rosy for U.S. retailers as this news comes close on the heels of Hhgregg revealing it plans to down shutters on 88 stores and RadioShack filing for bankruptcy. The decision from Staples is thought to be fueled by the increased popularity of online retailers such as Amazon. Traditional physical stores have been under risk for a while now because of major online competition from online outlets such as Amazon. News of stores closing down is becoming frequent, which is likely due to the pressures of rivalry. On March 9, Staples reported that it is going through a hard time and experienced a huge loss of $548 million and a sales drop of 3 percent in the final fiscal quarter that finished in January.  Staples reported sales of $4.6 billion, a fall of 3 percent over the years This drop prompted it to take the decision of shutting down 70 stores or 4.5 percent of the company's 1,600 surviving locations during the present fiscal year. The company has already closed 48 stores in 2016 and has closed around 350 stores in the last five years. This is not the first time that Staples has had to shut down stores to cut back on losses. In March 2014, the company had announced that in end 2015 it would close 225 stores to cut $500 million in costs. During the morning trade, Staples' stock reduced by 19 cents or 2.1 per cent. Its shares decreased by 5.2 percent to $8.49 during the Thursday trading after the retailer reported fourth-quarter earnings below the expectations of analysts. As a solution to its niggling revenue generation issues, Staples tried to merge with its biggest competitor Office Depot, but unfortunately that deal was rejected by the Federal Trade Commission (FTC). In 2017, Staples has an expectation of non-GAAP earnings of 15 cents to 18 cents per share, including a free cash flow of minimum $500 million, down from $679 million in 2016. Shira Goodman, Staples' CEO confirmed that the company is on its way to rectify the situation and it will have a remarkable comeback. "Our fourth quarter results were right in-line with our expectations, and I'm increasingly confident that we have the right plan and the right team to transform Staples and get back to sustainable sales and earnings growth," said Goodman. She also added that she is extremely proud to see the company's consistent growth in its delivery business by improving offerings to satisfy its customers. On March 8, RadioShack filed for bankruptcy. This is the second time in a row that this company faced this kind of situation and it prompted it to announce that it would close 200 of its 1,500 stores. Apart from Staples and RadioShack, JC Penney has announced that it is closing 130 stores due to poor sales revenue. Macy's plans to close 68 stores and to slash 10,000 employees. In January, The Limited also announced it is closing its remaining stores. © 2017 Tech Times, All rights reserved. Do not reproduce without permission.


Koch T.G.,Federal Trade Commission
Journal of Health Economics | Year: 2013

Crowd-out, the switching from private to public insurance, is often found, but estimates are rarely consistent with prior measurements. Cutler and Gruber (1996) found crowd-out in up to half of the newly eligible children, while Card and Shore-Sheppard (2004) found almost none. This paper exploits many regression discontinuity (RD) designs to estimate heterogeneous effects of public insurance eligibility. Crowd-out and its impact on spending and utilization is documented across the income spectrum, but effects are smaller at higher income levels. These differences vary by state and correspond to changes in the reimbursement rates of public insurance plans. © 2013.

Loading Federal Trade Commission collaborators
Loading Federal Trade Commission collaborators