FOX Business Flash top headlines for April 8
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The Federal Trade Commission filed lawsuits against Walmart and Kohl's, claiming false advertising on a wide range of "bamboo" products.
Walmart and Kohl's have sold a swath of items advertised as bamboo-based, ranging from clothing to bedding to bath towels. But the FTC alleges that some of the products are made of rayon, "not actual bamboo fiber woven into fabric."
"As defined by the Textile Act and Rules, textile fiber products marketed and sold by [Walmart] as bamboo, including those described in Paragraphs 10 and 11 above, are rayon, not actual bamboo fiber woven into fabric," the FTC said in a lawsuit filed Friday.
"Rayon is the generic name for a type of regenerated or manufactured fiber made from cellulose," the FTC added. "Rayon is manufactured by taking purified cellulose from a plant source, also called a cellulose precursor, and converting it into a viscous solution by dissolving it in one or more chemicals, such as sodium hydroxide. The chemical solution is then forced through spinnerets and into an acidic bath where it solidifies into fibers."
The FTC is pressing legal action against Walmart for the claims of bamboo construction after it claims it sent multiple warning letters to the company.
"Since at least 2015, despite the commission’s public announcements and the warning letter, defendant has marketed and sold rayon textile fiber...
A front-page article with the byline of veteran New York Times opinion writer Nicholas Kristof is the latest poisonous example of what I call the NGO “halo effect.” Headlined “The Silence That Mee...