E-Cigarette Crackdown Coming?

Apr 14, 2014 9:05am
GTY e cigarette jef 130923 16x9 608 E Cigarette Crackdown Coming?

                                        (Photo Credit: Getty Images)

Morning Money Memo:

Pressure is growing for federal regulation of the booming e-cigarette industry. Supporters say e-cigs help people quit the habit, giving them the nicotine they crave without the unhealthy smoke of traditional cigarettes. But a new congressional report written largely by staffers for Democratic senators and House members says concerns about electronic cigarettes underscore the need for regulation. Industry critics say an array of flavors and marketing might appeal to young people. There are no age restrictions and no uniform warning labels. Electronic cigarettes are battery-powered devices that heat a nicotine solution and create vapor that’s inhaled. A 2009 law gave the U.S. Food and Drug Administration the power to regulate tobacco products. The agency first said it planned to assert authority over e-cigarettes in 2011 but has yet to do so.

Google wants retailers to know exactly what they’re getting when spending large amounts of money on Internet advertising. The online search and advertising leader is reportedly partnering with half a dozen retailers to match tracking cookies on users’ computers to in-store sales information. “The company’s new pilot program involves AdWords, its biggest advertising program, in which advertisers place links next to Internet-search results,” reports The Wall Street Journal. Google makes money when computer users click on an ad and visit the advertiser’s website. The new program might help brick-and-mortar retailers link the effectiveness of online advertising to sales in their stores.

Google will sell Google Glass eyewear for $1,500 for one day only. Then the offer will be withdrawn. Glass will go on sale Tuesday morning at 9 a.m. ET. It’ll be first come first serve, but Google hasn’t said how many they’ll make available.

The first-quarter corporate earnings season kicks into high gear this week with more than 50 large companies reporting results. The data could have a big impact on the volatile stock market. Last week was ugly for many investors. The high-technology dominated Nasdaq is down more than 8 percent from its early March high. Friday was only the second time this year the index has closed below the 4,000 mark. International stock markets fell today after two days of U.S. declines and forecasts of lower corporate profits.

Tensions over violence in Eastern Ukraine are a drag on global markets, especially European stocks. Wholesale oil prices rose to $104 for West Texas crude. Ukraine put its military on alert after pro-Russian gunmen seized control of government buildings in the east.

Richard Davies Business Correspondent ABC News Radio abcnews.com Twitter: daviesnow

SHOWS:
You are using an outdated version of Internet Explorer. Please click here to upgrade your browser in order to comment.
blog comments powered by Disqus