Diane's Feed
Oct 16, 2014

White House nominates former Google exec Lee to head patent office

WASHINGTON (Reuters) – The White House on Thursday nominated Michelle Lee to be director of the U.S. Patent and Trademark Office, which the former executive with Internet giant Google Inc has led on an acting basis since January.

The USPTO, regarded as the steward of U.S. intellectual property, employs about 12,000 people. It has long been under fire for taking more than two years to consider many patent applications.

Oct 16, 2014

Sysco looks to divestitures to nail down US Foods deal

WASHINGTON, Oct 16 (Reuters) – Food distributor Sysco Corp
, fighting to complete a merger with U.S. Foods Inc
, is attempting to craft a package of potential asset
sales weighty enough to convince U.S. antitrust regulators to
approve the deal.

The proposed tie-up is seen as problematic because Sysco and
U.S. Foods are the only companies with the geographic reach to
offer nationwide contracts to deliver a wide range of goods to
customers ranging from hotel chains to fast food restaurants.

Oct 13, 2014

Bid report boosts CSX stock, but deal seen unlikely

CHICAGO, Oct 13 (Reuters) – Shares of No. 3 U.S. railroad
CSX Corp rose nearly 10 percent on Monday following a
report of a rebuffed takeover bid by Canadian Pacific Railway
Ltd, but analysts said any such deal would face
significant regulatory and other hurdles.

“You could make the argument that there is not much overlap
between the two networks and between their businesses,” said Jim
Corridore, head of industrials equity research at Standard &
Poor’s. “But they would face significant hurdles of getting a
merger passed by the U.S. Surface Transportation Board (STB).”

Oct 13, 2014

Bid report lifts CSX stock, but analysts skeptical of deal

CHICAGO, Oct 13 (Reuters) – Shares of No. 3 U.S. railroad
CSX Corp rose nearly 10 percent on Monday following a
report of a rebuffed takeover bid by Canadian Pacific Railway
Ltd, but analysts said any such deal would face
significant regulatory and other hurdles.

According to the report in the Wall Street Journal late on
Sunday, the No. 2 Canadian railroad made a bid last week for
Jacksonville, Florida-based CSX, which rejected the offer. Both
companies said they did not comment on market rumors.

Oct 8, 2014

AT&T to pay $105 million to settle charges it ‘crammed’ phone bills

WASHINGTON (Reuters) – Telecommunications giant AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz) has agreed to pay $105 million to settle allegations that it put unauthorized charges on customers’ cell phone bills, a practice known as cramming, a source told Reuters on Wednesday.

The settlement comes after years of complaints from consumers about being charged for services, for example daily horoscopes, that they never requested.

Oct 8, 2014

AT&T to pay $105 mln to settle charges it “crammed” phone bills

WASHINGTON, Oct 8 (Reuters) – Telecommunications giant AT&T
Inc has agreed to pay $105 million to settle allegations
that it put unauthorized charges on customers’ cell phone bills,
a practice known as cramming, a source told Reuters on
Wednesday.

The settlement comes after years of complaints from
consumers about being charged for services, for example daily
horoscopes, that they never requested.

Oct 6, 2014

Exclusive: Herbalife hires former U.S. regulator to head compliance team

WASHINGTON (Reuters) – Herbalife Ltd, the marketer of weight-management products, energy drinks and nutrition supplements that has come under investigation by the Federal Trade Commission as well as other agencies, has hired a former FTC official as its chief compliance officer.

Herbalife (HLF.N: Quote, Profile, Research, Stock Buzz) said it named Pamela Jones Harbour, who was an FTC commissioner from 2003 to 2010, as senior vice president, global member compliance and privacy. She will be in charge of the company’s 300-member compliance team and coordinate global compliance.

Oct 3, 2014

Exclusive: Acting head of U.S. patent office considered for top job permanently- sources

WASHINGTON (Reuters) – The acting head of the U.S. Patent and Trademark Office, former Google Inc executive Michelle Lee, is being seriously considered to permanently head the agency, sources have told Reuters.

Lee, a former deputy general counsel and head of patents and patent strategy at Google, the search and advertising group, has been acting head of the agency since January. After leaving Google and before coming to the Virginia-based patent office, Lee headed the U.S. patent office’s Silicon Valley outpost.

Sep 29, 2014

Caffeine-infused weight loss underwear buzzless: FTC

WASHINGTON (Reuters) – Bras, girdles and leggings infused with caffeine and sold as weight loss aids were more decaf than espresso, and the companies that sold them have agreed to refund money to customers and pull their ads, U.S. regulators said on Monday.

The Federal Trade Commission said Wacoal America and Norm Thompson Outfitters, which owns Sahalie and others, were accused of deceptive advertising that claimed their caffeine-impregnated clothing would cause the wearer to lose weight and have less cellulite.

Sep 29, 2014

Caffeine-infused weight loss underwear buzzless -U.S. regulators

WASHINGTON, Sept 29 (Reuters) – Bras, girdles and leggings
infused with caffeine and sold as weight loss aids were more
decaf than espresso, and the companies that sold them have
agreed to refund money to customers and pull their ads, U.S.
regulators said on Monday.

The Federal Trade Commission said Wacoal America and Norm
Thompson Outfitters, which owns Sahalie and others, were accused
of deceptive advertising that claimed their caffeine-impregnated
clothing would cause the wearer to lose weight and have less
cellulite.