Advertising Standards Authority News
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The U.S. Supreme Court agreed to take up a multibillion-dollar fight between the drug industry and federal antitrust enforcers, a case that may determine how quickly low-price generic medicines reach the market.
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The U.K.’s Advertising Standards Authority banned advertisements by L’Oreal SA’s Maybelline New York and Lancome cosmetics brands for being misleading after complaints by a member of parliament.
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Louis Vuitton, the French maker of laminated canvas handbags, was named the world’s most valuable luxury brand for a seventh consecutive year.
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Groupon Inc., the largest Internet daily-deal site, is being investigated by Britain’s competition regulator over concerns including unfair promotions and exaggerated savings.
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William Morrison Supermarkets Plc , the U.K.’s fourth-largest supermarket chain, said it plans to follow Tesco Plc and complain about new advertisements by Asda, the grocery chain owned by Wal-Mart Stores Inc .
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The U.K.’s Advertising Standards Authority banned a L’Oreal SA advertisement for being misleading, the second time in six months the watchdog has cracked down on ads by the world’s largest cosmetics company.
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UBS AG, Switzerland’s biggest bank, sought immunity from prosecution by Canadian regulators probing a potential conspiracy to rig the price of derivatives worldwide, three people with knowledge of the inquiry said.
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Groupon Inc. Chief Executive Officer Andrew Mason has started weekly checks on U.K. customer complaints after the Office of Fair Trading and the Advertising Standards Authority criticized the company for violating rules protecting consumers, The Sunday Telegraph said, citing Mason.
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Television advertising for Royal Bank of Scotland Group Plc saying the company and its NatWest brand would “continue to provide banking services wherever we’re the last bank in town” was banned by U.K. regulators.
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Asda, the U.K. food retailer owned by Wal-Mart Stores Inc ., was ordered to withdraw television and newspaper advertisements for a price guarantee promotion which the Advertising Standards Authority labelled “misleading.”
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