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Newspaper
The Gaston Gazette
Location
Gastonia, North Carolina, United States of America
Date
Oct 20, 2016
Page
6
The Fed Beige Book indicates growth was modest or moderate in eight of its 12 regional districts, slight in three, and flat in New York, an improvement from September. Separately, T-Mobile agreed to pay 48 million to resolve FCC charges over unclear unlimited data disclosures.
Mecklenburg County commissioners approved ongoing water testing at the U S Whitewater Center following a teen death from a brain eating amoeba. Eleven samples tested positive for Naegleria fowleri prompting tightened controls, daily testing, quarterly inspections, and a $500 annual permit fee.
Nike shares fall near 52-week lows after an 18 percent drop this year as Adidas and Under Armour erode market share and sales slow. Futures orders in North America rose just 1 percent, signaling weak near term demand. Analysts differ on fate with some seeing a brand shift lasting one to two years, others viewing weakness as a buying opportunity.
The FCC levied a 48 million penalty after finding T-Mobile hid limits in its supposed unlimited data plans. The agency cited poor disclosure of potential slowdowns for heavy users, with updated wording since June 2015. The settlement includes 35.5 million in customer discounts, a 7.5 million penalty, and 5 million to fund free home internet for children in low income districts.
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