Economy

Trump Nominates Joseph Simmons as Chairman of Federal Trade Commission

President Donald Trump will nominate Washington antitrust attorney Joseph Simons as chairman of the Federal Trade Commission, the White House said Thursday. The White House, in a release, said Simons helped re-invigorate the FTC's non-merger enforcement program, where he "initiated over 100 investigations and produced more non-merger enforcement actions in one year than in any other year in the prior two decades or since".

For some time Trump has been expected to replace Acting Chairman Maureen Ohlhausen as well as fill three empty commission seats, two of which are Republican, plus one Democrat or independent. The president has always been expected to name a Republican as the permanent chair and fill the empty commission seats.

Simons now serves as a partner at the law firm Paul, Weiss, Rifkind, Wharton & Garrison, where has represented Mastercard, Microsoft, Time Warner and other corporate clients.

During his tenure at the FTC, the agency sued to stop Diageo and Pernod Ricard from buying Seagram Spirits and Wine in 2001 to prevent a duopoly in rum. The FTC later settled both cases. He specializes in consumer protections for young people and military families and served as the assistant director of the Consumer Financial Protection Bureau under President Barack Obama. It also enforces antitrust laws and protects consumers from deceptive advertising.

Noah Phillips, who graduated from Stanford Law School in 2005, is chief counsel for U.S. Senator John Cornyn, a Texas Republican.

Chopra now serves as a senior fellow at the Consumer Federation of America, is a former Assistant Director of the Consumer Financial Protection Bureau, where he served from 2010 through 2015 before being appointed as a Special Advisor to the Secretary of Education. Chopra would join Commissioner Terrell McSweeny as the second Democratic seat, although he is expected to leave soon.



Like this

loading...
loading...

Latest


20 October 2017
NFL Commissioner Goodell fumbles on flag policy
New York Giants owner John Mara noted that the Cowboys' Jerry Jones "spoke at length" to the other owners about the anthem issue. After decades in NY , the draft was moved to Chicago in 2015 and was held there again in 2016 before heading to Philadelphia.

19 October 2017
Phillips 66 Partners LP (PSXP) Stock Rating Reaffirmed by Jefferies Group LLC
Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. A number of institutional investors and hedge funds have recently made changes to their positions in the stock.

19 October 2017
The Bank of New York Mellon Corporation (BK), Danaher Corporation (DHR)
That equated to 94 cents per share, 2 cents higher than the average estimate of analysts compiled by FactSet Research Systems. COPYRIGHT VIOLATION WARNING: This story was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal.

19 October 2017
Precision Drilling Corporation (NYSE:PDS) Valuation According To Analysts
Analysts are also projecting an Average Revenue Estimate for Precision Drilling Corporation as $262590 in the Current Quarter. The stock has performed -1.87% over the last seven days, -9.03% over the last thirty, and -20.36% over the last three months.

19 October 2017
Thousands take to the streets to protest ultra-Orthodox draft
Haredi Orthodox protesters declared a "day of rage" over the arrests of two yeshiva students charged with draft evasion. Ultra-Orthodox men are exempt from military service if they are engaged in religious study.

19 October 2017
Men's Basketball Coaches Poll
Joining the Wildcats in the top five were No. 1 Duke, No. 2 Michigan State , No. 3 Kansas and No. 5 Arizona. Duke led five teams in the poll from the Atlantic Coast Conference, including No. 16 Louisville.

19 October 2017
'Fire Emblem Warriors' Free Japanese Voice Pack Announced
Fire Emblem Warriors is basically a Fire Emblem , Dynasty Warriors mashup similar to Hyrule Warriors . It will be available as a separate update which players need to download in order to use the feature.

19 October 2017
Boston Scientific Corporation (NYSE:BSX) Worth Observing Stock
The analysts, on average, are forecasting a $30.83 price target, but the stock is already up 48.25% from its recent lows. Sumitomo Mitsui Asset Management Limited holds 0.08% in Boston Scientific Corporation (NYSE:BSX) or 175,182 shares.

19 October 2017
Centene Corporation (NYSE:CNC) Among Today's Most Volatile Stocks - Down by 3.33%
Over a month, it has seen its stock price volatility to stay at 4.19% while shortening the period to a week, volatility was 3.38%. Ditmore, Director, sold 3,900 with an average share price of $75.43 per share and the total transaction amounting to $294,177.00.

19 October 2017
Carmelo Anthony talks chips, steaks and divorce from Knicks
Carmelo Anthony spent six-and-a-half seasons with the New York Knicks , but he didn't feel wanted at the end of his tenure. Anthony missed the playoffs in his last four seasons in NY after making the postseason during his first three campaigns.