Government Agencies FTC

  • U.S. District Court Judge Charles Breyer has given the $15 billion settlement preliminary approval, with a final decision expected Oct. 18. Terms call for the German carmaker to spend up to $10 billion buying back or repairing Volkswagen and Audi 2- liter vehicles and paying owners another $5,100 to $10,000 each. The Federal Trade Commission, which sued...

  • NEW YORK— Activist investor Carl Icahn insists that he's still in Herbalife's camp, saying he bought 2.3 million more Herbalife shares Friday and that he never gave an order to sell his $1 billion stake in the supplements and weight-loss products company. He is Herbalife's biggest shareholder and defender. The U.S. Federal Trade Commission closed its...

  • WASHINGTON, Aug 25- Tesla Motors Inc has won U.S. antitrust approval to buy solar panel installer SolarCity Corp, moving closer to its goal of creating a carbon-free energy and transportation company. The Federal Trade Commission said on Thursday that the deal was approved. Tesla shares closed down 0.7 percent at $220.96 and SolarCity shares ended 0.6 percent...

  • Sen. Klobuchar: Need to systemically change the rules

    Sen. Amy Klobuchar (D-Minn.) discusses the call for the FTC to investigate Mylan and other "bad actors" over drug pricing rules.

  • Sen. Klobuchar: My wish is for a generic EpiPen alternative

    Sen. Amy Klobuchar (D-Minn.) discusses legislation for EpiPen-like generic drugs to be more widely available, pricing controls and drug importation from Canada.

  • Sen. Klobuchar: Going to meet with Mylan CEO

    Sen. Amy Klobuchar (D-Minn.) discusses Mylan CEO Heather Bresch's comments on the EpiPen pricing controversy.

  • Sen. Charles Grassley

    There needs to be more transparency in drug pricing, and Mylan still has a lot of questions to answer, Sen. Charles Grassley said Thursday.

  • WASHINGTON, Aug 25- Tesla Motors Inc has won U.S. antitrust approval to buy solar panel installer SolarCity Corp, the Federal Trade Commission said on Thursday. The deal was on a listing of proposed transactions that won quick approval because the merging companies have few or no overlaps. The deal was announced on Aug. 1.

  • WASHINGTON, Aug 25- Tesla Motors Inc has won U.S. antitrust approval to buy solar panel installer SolarCity Corp, the Federal Trade Commission said on Thursday. The deal was on a listing of proposed transactions that won quick approval because the merging companies have few or no overlaps. The deal was announced on Aug. 1 and is part of an effort by Tesla to improve...

  • WASHINGTON, Aug 25- Tesla Motors Inc has won U.S. antitrust approval to buy solar panel installer SolarCity Corp, the Federal Trade Commission said on Thursday. The deal was on a listing of proposed transactions that have won "early termination." The deal was announced on Aug. 1 and is part of an effort by Tesla to improve economies of scale in electrical energy...

  • EpiPen

    Mylan raised the prices of 24 drug products more than 20 percent. One went up by 542 percent. Another by 444 percent.

  • WASHINGTON, Aug 10- Caledonia Investments PLC has agreed to pay $480,000 to resolve charges that it failed to report to antitrust enforcers share purchases that it made in 2014, the Federal Trade Commission said on Wednesday. Caledonia, an investment trust company which is based in London, handled 2008 purchases of shares of Texas- based Bristow Group Inc by...

  • WASHINGTON, Aug 10- Caledonia Investments PLC has agreed to pay $480,000 to resolve charges that it failed to report to the government share purchases made in 2014, the Federal Trade Commission said on Wednesday. Caledonia, an investment trust company which is based in London, handled 2008 purchases of shares of Bristow Group Inc by properly reporting them, and...

  • WASHINGTON, Aug 8- U.S. antitrust enforcers filed a complaint against 1-800 Contacts on Monday, alleging that the online contact lens seller reached agreements with 14 rivals which would hamper consumers seeking to compare prices. The Federal Trade Commission alleged in an administrative complaint that 1-800 Contacts had reached agreements with 14 other...

  • WASHINGTON, Aug 8- The U.S. Federal Trade Commission said on Monday it had sued 1-800 Contacts, which it called the largest U.S. online retailer of contact lenses, alleging the company illegally maintained anticompetitive agreements with rival online contact lens sellers.

  • Aug 3- Herbalife Ltd's on Wednesday posted second-quarter results that beat forecasts as strong demand for the marketing company's nutrition products helped offset a $203 million payment to settle a U.S. probe into its business practices. Herbalife agreed in July to settle the Federal Trade Commission investigation and change its business model after...

  • A Canadian Pacific Railway freight train in Alberta, Canada.

    Hedge fund Pershing Square Capital Management sold its entire stake of 9.8 million shares, The New York Times reports.

  • Aug 3- Herbalife Ltd reported better-than-expected quarterly sales and profit, helped by demand for its weight management and targeted nutrition products in North America as well as Europe and Middle East and Africa. The report is Herbalife's first since it agreed last month to pay $200 million to the Federal Trade Commission and change the way it does...

  • FRANKFURT, July 29- Mercedes-Benz has withdrawn an advert in the United States which compared its new E-class with a futuristic self-driving concept car following allegations from local consumer groups that the marketing claims were misleading. Earlier this week, U.S.-based Consumer Reports urged the U.S. Federal Trade Commission to scrutinize Mercedes' "...

  • WASHINGTON, July 27- Teva Pharmaceutical Industries Ltd won U.S. antitrust approval to purchase Allergan Plc's generics business, after agreeing to divest 79 generic drugs to rival firms, the Federal Trade Commission said on Wednesday. "Millions of Americans rely daily on generic drugs to treat a wide range of illnesses," Debbie Feinstein, director of the FTC's...