Money Matters: Skechers issuing checks for false advertisement

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July 17, 2013, 7:50 am
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(NECN) - Shoemaker "Skechers" is paying up, sending out more than half a million checks to customers who bought the company's toning shoes.
Ads claimed the shoes help tone legs, abs and backside.
But last May, Skechers reached a settlement agreement with the Federal Trade Commission for $40-million, because those ads were found to be deceptive.

Earnings for Yahoo are up in its second-quarter, but revenue is still down seven percent from last year.
This is after a new CEO recently took over and after Yahoo's recent acquisition of two major social networks.

Another cell phone provider is about to let customers upgrade their devices without an upgrade or activation fee.
Beginning next week, the "AT&T Next" program will start, allowing customers to trade their phones in after a year.
This will allow them to better compete with T-Mobiles new "Jump" plan.

Tags: CEO, shoes, Money Matters, yahoo, AT&T, Skechers
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