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Government Agencies FTC

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  • DETROIT— The Federal Trade Commission is investigating General Motors because of dealers who advertised certified used cars for sale even though they still needed repairs under existing recalls. The agency notified GM of the probe on June 3, and it was disclosed by the company Thursday in a quarterly report to securities regulators. GM spokesman Alan Adler...

  • 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...

  • NEW YORK— Identity-theft protection company LifeLock Inc. lost half its stock value Tuesday after the Federal Trade Commission accused it of making deceptive claims. The FTC said LifeLock violated a 2010 settlement with the agency and 35 states by continuing to make deceptive claims about its services and failing to take steps to protect users' data.

  • 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...

  • NEW YORK— The U.S. government says identity theft protection company LifeLock spent years violating a $12 million settlement for misrepresenting the protection it provides for customers. Four years after LifeLock paid the eight-figure settlement related to false claims in its advertising, the Federal Trade Commission said LifeLock still had not set up a...

  • July 2- Dollar Tree Inc was given the go-ahead to buy Family Dollar Stores Inc by the U.S. Federal Trade Commission on condition that they sell 330 Family Dollar stores, putting to rest a year-long merger saga. The stores spread across 35 states, which Dollar Tree has offered to sell to private equity firm Sycamore Partners, has to be sold within 150 days after the...

  • WASHINGTON, July 2- The U.S. Federal Trade Commission said on Thursday discount retailers Dollar Tree Inc and Family Dollar Stores Inc have agreed to sell 330 Family Dollar stores to settle the regulator's charges that Dollar Tree's proposed $9.2 billion acquisition of Family Dollar would likely be anticompetitive.

  • WASHINGTON, June 24- Zimmer Holdings Inc has won U.S. antitrust approval to buy rival orthopedic products maker Biomet Inc on condition that it divest certain assets, the Federal Trade Commission said on Wednesday. Zimmer had said when it announced the proposed transaction in April 2014 that the $13 billion deal would double the size of its spine and dental...

  • Insurer mergers may be 'dangerous': Mt. Sinai CEO Thursday, 18 Jun 2015 | 6:05 PM ET
    Signage hangs outside Mount Sinai Hospital on August 4, 2014 in New York City.

    Consolidation in the health insurance industry is "potentially dangerous" for the hospital business, Mount Sinai Health System's CEO said Thursday.

  • It's time to shut down those annoying robocalls Monday, 15 Jun 2015 | 1:42 PM ET
    Robocalls

    The telecom industry should do more to help protect consumers from unwanted robocalls, says one executive.

  • Bruised, Herbalife swings back at an accuser Wednesday, 3 Jun 2015 | 3:20 PM ET
    About 4,000 Herbalife members waved signs and cheered Herbalife executives in a rally to support the company on March 25, 2015 in Los Angeles.

    After facing continued accusations from investor Bill Ackerman, Herbalife is getting the FBI and SEC involved to fight back. The NYT reports.

  • WASHINGTON, May 29- The U.S. Federal Trade Commission filed a lawsuit on Friday aimed at stopping the $1.9 billion merger of medical technology provider Steris Corp and British sterilization services provider Synergy Health Plc, according to the agency, which enforces antitrust law. Synergy Health and Steris, both of which provide contract sterilization...

  • WASHINGTON, May 28- U.S. antitrust regulators have settled a long-running fight with Cephalon, now owned by Teva Pharmaceuticals, over how it resolved a patent infringement lawsuit tied to wakefulness drug Provigil, the Federal Trade Commission said on Thursday. As part of the settlement, Teva, which bought Cephalon in 2012, agreed to pay $1.2 billion to refund...

  • WASHINGTON, May 28- U.S. antitrust regulators have settled a long-running fight with Cephalon, now owned by Teva Pharmaceuticals, over how it resolved a patent infringement lawsuit tied to wakefulness drug Provigil, the Federal Trade Commission said on Thursday. As part of the settlement with regulators, Teva, which bought Cephalon in 2012, agreed to pay $1.2...

  • WASHINGTON, May 28- U.S. antitrust regulators have settled a long-running fight with Cephalon, now owned by Teva Pharmaceuticals, over how it resolved a patent infringement lawsuit over the sleep disorder drug Provigil, the Federal Trade Commission said on Thursday. Cephalon had been accused by the FTC of illegally protecting its monopoly on Provigil by...

  • WASHINGTON, May 26- Reynolds American Inc won U.S. antitrust approval on Tuesday for its deal to buy smaller rival Lorillard in a deal that would combine the No. 2 and No. 3 U.S. cigarette companies. The Federal Trade Commission said it would allow the deal to go forward in condition that the companies sell four cigarette brands- Winston, Kool, Salem, and Maverick.

  • May 21- Camel cigarette brand owner Reynolds American Inc's planned acquisition of smaller rival Lorillard Inc is expected to receive U.S. antitrust clearance as soon as next week, the Wall Street Journal said. While Reynolds American and the U.S. Federal Trade Commission declined to comment, Lorillard was not immediately available. Reynolds, which will get...

  • May 21- Camel cigarette brand owner Reynolds American Inc's planned acquisition of smaller rival Lorillard Inc is expected to receive U.S. antitrust clearance as soon as next week, the Wall Street Journal said. Reynolds offered to buy Lorillard for $25 billion in last July. Reynolds, Lorillard and the U.S. Federal Trade Commission were not immediately...

  • FTC sues phony cancer charities Tuesday, 19 May 2015 | 12:09 PM ET
    FTC sues phony cancer charities

    CNBC's Hampton Pearson reports on a major consumer fraud case revealed by the Federal Trade Commission.