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Government Agencies FTC

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  • WASHINGTON, Sept 2- Japan's Nikkei media group won U.S. antitrust approval for its $1.3 billion purchase of the Financial Times from Britain's Pearson PLC, the Federal Trade Commission said on Wednesday. The transaction was on the list of deals that the FTC and Justice Department granted "early termination," essentially quick antitrust approval.

  • Hotels should also be required to include any mandatory fees in their room rates, the Transportation Department's Advisory Committee for Aviation Consumer Protections recommended. The panel's recommendation on hotels was directed to the Federal Trade Commission, which has been investigating such so called drip pricing. The Transportation Department...

  • FTC: Vemma has been shut down for running pyramid scheme Wednesday, 26 Aug 2015 | 12:49 PM ET

    NEW YORK— The Federal Trade Commission said Wednesday that Vemma Nutrition has been temporarily shut down for operating a pyramid scheme that promised college students riches if they sold its nutritional drinks, but most ended up losing money. An initial investment of $600 was paid for products and business tools and $150 in Vemma products had to be bought...

  • Aug 24- Third Point LLC, the hedge fund firm run by activist investor Daniel Loeb, has settled U.S. regulatory charges that it failed to properly seek antitrust clearance while it built a big stake in Yahoo Inc in 2011.. The settlement, announced on Monday by the U.S. Department of Justice and Federal Trade Commission, resolves claims that Third Point took five weeks...

  • *Wyndham hackings caused $10.6 mln in fraudulent charges. Aug 24- A U.S. appeals court said the Federal Trade Commission has authority to regulate corporate cyber security, and may pursue a lawsuit accusing hotel operator Wyndham Worldwide Corp of failing to properly safeguard consumers' information. The FTC wants to hold Wyndham accountable for three...

  • *Wyndham hackings caused $10.6 mln fraudulent charges. Aug 24- A U.S. appeals court said the Federal Trade Commission has authority to regulate corporate cybersecurity, and may pursue a lawsuit accusing hotel operator Wyndham Worldwide Corp of failing to properly safeguard consumers' information. Noting the FTC's broad authority under a 1914 law to protect...

  • NEW YORK— Drugmaker Pfizer says it's received the final regulatory approvals for its $15.23 billion purchase of the injectable drug and infusion device maker Hospira, and says the deal will close in early September. Pfizer said the Federal Trade Commission ordered it to sell four drugs in order to preserve competition. Pfizer said it will help expand...

  • Aug 24- A U.S. appeals court said on Monday the Federal Trade Commission has the authority to regulate cybersecurity, and may pursue a lawsuit accusing hotel operator Wyndham Worldwide Corp of failing to safeguard consumers' personal information. The 3-0 decision by the 3rd U.S. Circuit Court of Appeals in Philadelphia upheld an April 2014 ruling that allowed...

  • WASHINGTON, Aug 17- Republican Commissioner Joshua Wright is stepping down from the U.S. Federal Trade Commission this month, the agency said in a statement on Monday.

  • NEW YORK, Aug 13- The U.S. Federal Trade Commission on Thursday released unprecedented guidance on a section of business antitrust law that bars "unfair competition," but stopped well short of offering the level of detail long sought by businesses. The guidance "does not signal any change of course" but makes explicit principles already widely used in antitrust...

  • Aug 12- U.S. antitrust enforcers have closed an investigation into whether auto dealers ganged up against shopping website TrueCar Inc in 2011 and 2012 in order to raise prices, TrueCar said in a securities filing on Wednesday. TrueCar said in the filing it had responded to a request for documents from the Federal Trade Commission and considered the matter to be...

  • Aug 12- U.S. antitrust enforcers have closed an investigation into whether auto dealers ganged up against shopping website TrueCar Inc in 2011 and 2012 in order to raise prices, TrueCar said in a securities filing on Wednesday. TrueCar said in the filing it had responded to a request for documents from the Federal Trade Commission and considered the matter to be...

  • WASHINGTON, Aug 12- The U.S. Federal Trade Commission said on Wednesday it charged a data broker operation with selling payday loan applicants' financial information to scammers who took in millions of dollars by debiting bank accounts and charging credit cards. The data brokers bought the loan applications and, instead of passing them to legitimate payday...

  • U.S. charges data brokers in $7 million payday loan scam Wednesday, 12 Aug 2015 | 11:39 AM ET

    WASHINGTON, Aug 12- The U.S. Federal Trade Commission said on Wednesday it charged a data broker outfit with selling payday loan applicants' financial information to scammers who took in millions of dollars by debiting bank accounts and charging credit cards. The data brokers bought the loan applications and, instead of passing them to legitimate payday...

  • FEDERAL TRADE COMMISSION CHARGES DATA BROKERS WITH HELPING SCAMMER TAKE MORE THAN $7 MILLION FROM CONSUMER BANK ACCOUNTS.

  • NEW YORK, Aug 11- U.S. Federal Trade Commission Chairwoman Edith Ramirez was expected to unveil a policy statement as soon as Thursday on how the antitrust agency will pursue companies over unfair competition, sources close to the matter said. Expected in a speech Ramirez will deliver in Washington, the policy would be the FTC's first attempt to clarify a part of...

  • WASHINGTON, July 22- A U.S. senator wants two federal agencies to investigate whether Apple Inc is breaking antitrust law in how it treats music services that compete with the streaming service it launched in June. The letter was sent to Attorney General Loretta Lynch and Federal Trade Commission Chairwoman Edith Ramirez. The Justice Department did not...

  • July 21- The U.S. Federal Trade Commission said LifeLock Inc, a provider of identity theft protection services, violated a settlement with the agency and 35 U.S. states by continuing to make deceptive claims about its services. The U.S. government's antitrust watchdog asked the U.S. District Court for the District of Arizona to impose an order that requires...

  • FTC accuses LifeLock of violating agreement Tuesday, 21 Jul 2015 | 3:14 PM ET

    July 21- The U.S. Federal Trade Commission said identity theft protection services provider LifeLock Inc violated a settlement with the agency and 35 state attorneys generals by continuing to make deceptive claims about its services. LifeLock agreed in 2010 to pay $12 million to settle claims by the FTC and 35 U.S. states that it overstated the value of its...

  • Robocall credit card scam continues Tuesday, 7 Jul 2015 | 12:04 PM ET
    Man on telephone

    The Robocall credit card scam continues to plague U.S. customers, here's why, NBC News reports.