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“In other words, when El Paso’s CEO was supposed to be getting the maximum price from Kinder Morgan, he actually had an interest in not doing that,” Chancellor Strine wrote.

FTC

‘Blackout in a can’ lands under review

A carbonated brew guzzled on college campuses is the focus of an intense write-in campaign urging federal regulators to take some buzz out of a sweet alcoholic drink sometimes referred to as “blackout in a can.”

The Federal Trade Commission is looking at a wave of complaints about the popular fruit-flavored malt liquor Four Loko. Under review is the amount of alcohol in the brightly colored, supersized cans and how they are marketed.

The drink gained national attention in 2010 following the hospitalization of college students in New Jersey and Washington state. Some states banned the drink, worried about the caffeine in Four Loko and its potential to mask how much alcohol one could safely consume. Amid a crackdown by the Food and Drug Administration, the drink’s makers removed the caffeine and started selling Four Loko without the energy kick but with plenty of alcohol.

The FTC charges that the drink’s creator, Chicago-based Phusion Projects, has implied in ads that its 23.5-ounce can is equal to one or two regular 12-ounce beers. The agency says the can, which contains up to 12 percent alcohol, is really more like four to five beers and shouldn’t be consumed in one sitting.

NEW YORK

Couple’s Waldorf hotel return to cost 1952 rate

NEW YORK — A Connecticut couple will mark their 60th wedding anniversary at New York’s Waldorf-Astoria for the same $16.80 per night they paid on their honeymoon.

Isidore and Joan Schwartz, of East Lyme, Conn., still have their hotel bill from March 2, 1952.

Today, rooms at the Waldorf start at $319 a night.

The hotel charges the original room rate for returning guests celebrating a milestone. It says two to three couples a year take advantage of the deal.

The former New Yorkers met on a blind date in 1950. Their wedding reception was on Manhattan’s Upper West Side.

Mrs. Schwartz tells the New York Daily News that it cost $4.75 a head for a catered steak dinner and ice sculpture decorations.

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