The Federal Trade Commission said on Tuesday it has given a final approval to a settlement with Lenovo regarding the company's practice of preinstalling an advertising software program on some laptops that caused "serious security vulnerabilities" in order to show ads to consumers.
What this means: In its decision, the FTC said Lenovo is prohibited from misrepresenting any features of software it preinstalled on laptops that would "inject advertising into consumers' Internet browsing sessions or transmit sensitive consumer information to third parties."
Cities with some of the lowest unemployment rates are also now experiencing some of the greatest wage growth in the country, the WSJ reports. Employers are raising wages to attract employees from competitors, like in Minneapolis, Denver, and Fort Myers, where unemployment rate are at or near 3%.
Why it matters: It's a phenomenon that makes sense and is expected in theory, "but one that's been largely absent until now in the upturn that began more than eight years ago," WSJ's Shayndi Raice and Eric Morath write.
A headline for the White House to love, from the (not) "failing New York Times" ... "The Trump Effect: Business, Anticipating Less Regulation, Loosens Purse Strings":
"A wave of optimism has swept over American business leaders, and it is beginning to translate into the sort of investment in new plants, equipment and factory upgrades that bolsters economic growth, spurs job creation — and may finally raise wages significantly."
Gretchen Carlson, former Fox News anchor and 1989 Miss America, was named chairwoman of the Miss America Organization's board of directors yesterday, AP reports.
Why it matters,via the New York Times: "Carlson, ... whose harassment lawsuit against the Fox chairman Roger Ailes led to his departure in July 2016, will be expected to lead the pageant through its own harassment scandal."
