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Government Agencies FTC

  • The U.S. Federal Trade Commission and Apple Inc have sued Qualcomm accusing it of resorting to "anticompetitive" tactics to maintain a monopoly over chips used in smartphones. Apple also filed a lawsuit against Qualcomm in Beijing on Wednesday, alleging that the chip supplier abused its clout and is seeking 1 billion yuan in damages. "Apple's attack on...

  • The U.S. Federal Trade Commission and Apple Inc have sued Qualcomm accusing it of resorting to "anticompetitive" tactics to maintain a monopoly over chips used in smartphone. Apple also filed a lawsuit against Qualcomm in Beijing on Wednesday, alleging that the chip supplier abused its clout and is seeking 1 billion yuan in damages. South Korea's antitrust...

  • WASHINGTON, Jan 25- Commissioner Maureen Ohlhausen, a Republican on the Federal Trade Commission, has been named the FTC's acting chairman, the agency said on Wednesday. In addition to Ohlhausen, the commission has two Democrats, outgoing Chairwoman Edith Ramirez who steps down early next month and Democrat Terrell McSweeny. The appointment was made by a White...

  • WASHINGTON, Jan 25- Commissioner Maureen Ohlhausen, a Republican on the Federal Trade Commission, has been named the FTC's acting chairman, the agency said on Wednesday. In addition to Ohlhausen, the commission has two Democrats, outgoing Chairwoman Edith Ramirez who steps down in February and Democrat Terrell McSweeny. The appointment was made by a White House...

  • WASHINGTON, Jan 25- Commissioner Maureen Ohlhausen, a Republican on the Federal Trade Commission, has been named the FTC's acting chairman, the agency said on Wednesday. In addition to Ohlhausen, the commission has two Democrats, outgoing Chairwoman Edith Ramirez who steps down in February and Democrat Terrell McSweeny. The appointment was made by a White House...

  • Traders work on the floor of the New York Stock Exchange on January 5, 2017, in New York City.

    These are the stocks posting the largest moves after the bell on Tuesday.

  • WASHINGTON, Jan 23- Endo International Plc said on Monday it has reached a proposed settlement with U.S. antitrust regulators under which it will not pay rivals to delay the introduction of generic competitors to its medications. The Federal Trade Commission had alleged Endo paid Impax Laboratories Inc to delay the introduction of a generic version of its...

  • WASHINGTON, Jan 23- Endo International Plc said on Monday it had reached a proposed settlement with U.S. anti-trust regulators under which it will not pay rivals to delay the introduction of generic competitors to its medications. The Federal Trade Commission had alleged Endo paid Impax Laboratories Inc to delay the introduction of a generic version of its...

  • WASHINGTON, Jan 23- The U.S. Federal Trade Commission said on Monday it had settled allegations that Endo Pharmaceuticals violated antitrust law when it agreed to pay rivals Watson Laboratories and Impax to delay introducing generic versions of two painkillers. The FTC filed charges against Watson, and Allergan Plc, accusing it of breaking the law by reaching...

  • A delivery to a Walgreens location in New York City.

    Shares of Walgreen Boots Alliance and Rite Aid are trading lower after the merger of the two drugstore companies is facing US antitrust concerns.

  • The company had on its website that UberX drivers made more than $90,000 in New York and $74,000 in San Francisco when the real earnings were considerably less, the Federal Trade Commission said in a court filing.

  • Western Union will pay $586 million, which will be used to reimburse consumers who were victims of fraud from 2004 to 2012.

  • Mark Trudeau, chief executive officer of Mallinckrodt Plc

    Mallinckrodt is to pay $100 million to settle FTC charges that it illegally maintained a monopoly of a special drug used on infants. CNBC's Meg Tirrell reports.

  • Mallinckroft erases losses, says they settled with FTC

    CNBC's Meg Tirrell reports that Mallinckrodt has settled with the FTC over a potential monopoly situation over one of its drugs.

  • WASHINGTON, Jan 17- Danaher Corp co-founder Mitchell Rales agreed to pay $720,000 to settle allegations that he failed to report stock purchases to the government so that they could be vetted to determine if they violate antitrust law, antitrust enforcers said on Tuesday. The Federal Trade Commission also reached a settlement with hedge fund founder Ahmet...

  • People walk past Qualcomm's stand during the Mobile World Congress in Barcelona, Spain February 24, 2016.

    U.S. regulators charged the company with using anti-competitive tactics over licensing.

  • WASHINGTON, Jan 17- The U.S. Federal Trade Commission filed a lawsuit against Qualcomm Inc on Tuesday, accusing the company of using "anticompetitive" tactics to maintain its monopoly on a key semiconductor used in mobile phones. The FTC, which works with the Justice Department to enforce antitrust law, said that San Diego- based Qualcomm used its dominant...

  • Larry Page

    Donald Trump's views on some issues alienated many left-leaning tech employees in Silicon Valley, but none more so than those at Alphabet.

  • WASHINGTON, Jan 17- The U.S. Federal Trade Commission filed a lawsuit against Qualcomm Inc on Tuesday, accusing the company of using "anticompetitive" tactics to maintain its monopoly on a key semiconductor used in mobile phones. The FTC, which works with the Justice Department to enforce antitrust law, said that San Diego- based Qualcomm used its dominant...

  • WASHINGTON, Jan 17- The U.S. Federal Trade Commission filed a lawsuit against Qualcomm Inc on Tuesday, accusing the company of antitrust violations in its patent licensing business. The FTC asked the U.S. District Court for the Northern District of California in San Jose to order Qualcomm to cease this and related practices. In February 2015, Qualcomm paid a $975...