The Consumer Memo, 8/24: Weight-loss drugs linked to liver injury

Updated with ESPN 3-D test, Apple's Snow Leopard debut
Popular weight-loss drugPopular weight-loss drugWeight-loss drugs made by GlaxoSmithKline and Roche Holding were linked to at least 32 reports of serious liver injury from 1999 to October 2008, U.S. regulators said.

Consumers taking Glaxo’s over-the-counter drug Alli or Roche’s prescription Xenical should consult a doctor if they experience weakness, fever, jaundice or other symptoms of liver injury, the Food and Drug Administration said Monday.

The agency doesn’t recommend that patients or doctors stop using these medicines.

Both medicines contain orlistat, a chemical that blocks the intestines from absorbing fat when taken as many as three times a day with meals. The FDA approved Xenical in 1999 for weight loss and weight management in conjunction with a reduced-calorie diet. Alli, half the dose of Xenical, was cleared for non- prescription use in 2007.

ESPN's triple option
Early 3D testEarly 3D testESPN says it will test its ability to televise football games in 3-D with a special screening of the game between No. 4 USC and No. 6 Ohio State at three theaters on Sept. 12.

Tickets will be given away to fans listening to ESPN radio affiliates in Los Angeles, Dallas and Columbus, Ohio, later this week.

Apple's Snow Leopard debuts Friday
New operating systemNew operating systemApple Inc.’s latest operating system software, Snow Leopard, will go on sale this Friday.

The Mac OS X version 10.6 software will debut at Apple’s retail stores and authorized resellers nationwide. Apple’s online store is now taking pre-orders.

Snow Leopard’s release comes days before its promised September launch. It precedes by two months the launch of Microsoft Corp.’s next operating system, Windows 7.

Among Snow Leopard’s improvements is built-in support for Microsoft’s Exchange Server software, so Apple programs for e-mail, calendars and contacts could become more useful in corporate settings.

New mortgage fraud task force
Fraud squadFraud squadTen state attorneys general -- including Missouri's -- and four federal agencies have announced the formation of a task force to combat mortgage fraud.

According to a statement issued by Washington state Attorney General Rob McKenna, targets of the enforcement effort include equity skimming, bogus foreclosure rescue, straw purchases and unethical lending practices.

The group is headed by McKenna and Iowa Attorney General Tom Miller. Other members include the attorneys general of Arizona, Colorado, Illinois, Nevada, North Carolina, Massachusetts, Missouri and Ohio, as well as representatives from the Department Justice, federal treasury, Department of Housing and Urban Development and Federal Trade Commission.
Multitaskers beware
Multitaskers who jump from text messaging to scanning computer screens to watching videos, all while listening to their iTunes, remember less of what they read or see than people who do one thing at a time, a study found.

Researchers at Stanford University surveyed students about their media consumption habits and classified them as either heavy or light multitaskers. Then the students took computer- based tests that required them to remember details presented to them rapidly and with frequent distractions. The findings were published Monday in the Proceedings of the National Academy of Sciences.

Yahoo to retool
Yahoo! Inc. will redesign its e-mail service.

The new version makes it easier to attach photos and increases the size limits for attachments, Yahoo said Monday.

Nintendo settles trade dispute/strong>
Game onGame onNintendo Co., the maker of the top- selling Wii video-game console, settled a U.S. trade fight that could have resulted in a U.S. import ban of the popular gaming systems.

Nintendo and Hillcrest Laboratories Inc. filed a notice with the U.S. International Trade Commission on Aug. 21 that they reached a settlement of patent-infringement claims before the agency. Financial details were blacked out in the copy of the agreement made available to the public.

<Stadium light warning

School officials and facility managers should immediately inspect outdoor stadium light poles made by Whitco Co. LP because the poles can crack and fall, putting bystanders at risk, the government’s safety agency said Monday.

The Consumer Product Safety Commission said it knew of nine incidents in which poles installed from about 2000 through 2006 fell, including one pole that went through the roof of a school gymnasium. On two occasions, a pole fell onto outdoor bleachers.

The commission, which is investigating the poles, said it is not aware of any injuries.

Most incidents occurred in Texas, but the poles have been installed in other states, the CPSC said. A commission spokesman said the agency was aware of thousands of Whitco Co. LP poles that had been put in place around the country.

Submitted by Steve Rosen on August 24, 2009 - 3:10pm.
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4/9/09

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Who do I talk to for financial advice that does not involve them trying to sell me something? We are 60 and 59, have a 200,000 annuity, are 60-70,000 credit card debt, have a house that is half paid for,own a condo in fl that is not paying for itself, have a good credit rating, not behind on anything, not facing foreclosure, wife on disability, husband still working, Want to pay off credit cards, but don't know how. Should we use part of annuity? I just want to know who to ask for help. Thanks

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It looks like you would be well served by a comprehensive financial plan which would address your concerns and give you a clear picture of where you are at financially. Financial advisors are paid in two different ways. Some receive commissions for the products they sell you. There are also fee only financial planners who work for you for a set fee and sell no products. In their case you know exactly how much it will cost you up front. It would also be preferable to use a financial planner who is a Certified Financial Planner.

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