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Government Agencies FTC

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  • 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...

  • US judge, FTC pause Sysco merger with US Foods Tuesday, 23 Jun 2015 | 6:13 PM ET
    Sysco tractor-trailers sit parked outside the company's distribution center in Louisville, Ky.

    A U.S. judge has accepted a request by the Federal Trade Commission to stay a proposed merger between Sysco and US Foods.

  • 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.

  • LOS ANGELES, May 18- The Service Employees International Union, backer of a three-year campaign to improve the plight of low-wage fast-food and retail workers, on Monday petitioned the Federal Trade Commission to investigate alleged abusive practices by major franchisors, including McDonald's Corp and 7- Eleven Inc.. SEIU's petition outlined six U.S....

  • WILMINGTON, Del, May 18- The U.S. Federal Trade Commission on Monday urged a bankruptcy court to protect information that RadioShack Corp collected from tens of millions of customers before the retailer filed for Chapter 11.. RadioShack filed for bankruptcy this year and put up for auction its lists of customer names, e-mail addresses and purchase histories.

  • LOS ANGELES, May 18- The Service Employees International Union, backer of a three-year campaign to improve the plight of low-wage retail and fast-food workers, on Monday said it would petition the Federal Trade Commission to investigate alleged abusive practices by major franchisors, including McDonald's Corp and 7- Eleven Inc.. Separately, franchisor 7-...

  • One number that can save you thousands of dollars Tuesday, 5 May 2015 | 7:30 AM ET
    Millennial with credit card

    Outside of your Social Security number, your credit score may be the most important number you have. Here's how to improve it.

  • WASHINGTON, May 4- Holcim Ltd, a Swiss company, and Lafarge S.A., which is based in Paris, on Monday won U.S. antitrust approval to merge after they agreed to divest assets, the Federal Trade Commission. Lafarge said previously that it would sell its Davenport cement plant in Iowa and seven terminals along the Mississippi River to Summit Materials for $450 million in...

  • WASHINGTON, May 4- Holcim Ltd, a Swiss company, and Lafarge S.A., which is based in Paris, on Monday won U.S. antitrust approval to merge after they agreed to divest assets, the Federal Trade Commission.

  • Sysco's profit falls as meat, poultry costs rise Monday, 4 May 2015 | 8:14 AM ET

    May 4- Sysco Corp, the no. 1 U.S. food distributor, reported a 2 percent fall in quarterly profit, hurt by a rise in meat and poultry prices, a strong dollar and higher expenses. Sysco, whose proposed $3.5 billion deal to buy smaller rival US Foods Inc is facing opposition from the Federal Trade Commission, said net income fell to $177 million, or 30 cents per share, in the...