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  • FTC, Wyndham settle lawsuit over data breaches Wednesday, 9 Dec 2015 | 10:45 AM ET

    Dec 9- The Federal Trade Commission has settled a lawsuit accusing hotel group Wyndham Worldwide Corp of failing to properly safeguard customer information, in a case arising from three data breaches affecting more than 619,000 customers. The consent order on Wednesday was filed with the federal court in Newark, New Jersey, 3-1/ 2 months after a federal appeals...

  • Dec 9- U.S. officials on Wednesday sued J.C. Penney Co Inc, accusing the retailer of deceiving consumers by advertising textile fiber products as containing bamboo and bamboo fiber, when they actually contain rayon. According to a complaint filed by the Department of Justice and Federal Trade Commission, J.C. Penney in "numerous instances" deceptively...

  • WASHINGTON, Dec 7- The Federal Trade Commission has filed a complaint aimed at stopping Staples Inc, the nation's largest office supply store, from buying its top rival, Office Depot Inc, the agency said on Monday. "The commission has reason to believe that the proposed merger between Staples and Office Depot is likely to eliminate beneficial competition that...

  • WASHINGTON, Dec 7- The Federal Trade Commission has filed a complaint aimed at stopping Staples Inc, the nation's largest office supply store, from buying its top rival, Office Depot Inc, the agency said on Monday. "The Commission has reason to believe that the proposed merger between Staples and Office Depot is likely to eliminate beneficial competition that...

  • WASHINGTON, Dec 1- Athletic apparel and accessories company Tommie Copper has agreed to settle allegations that it had no proof for advertisements that its products relieved ailments like arthritis, the Federal Trade Commission said on Tuesday. Tommie Copper, which sold about $87 million worth of copper-infused elbow, ankle and wrist sleeves as well as other...

  • Tommie Copper settles with US over deceptive ad claims Tuesday, 1 Dec 2015 | 11:12 AM ET

    WASHINGTON, Dec 1- Athletic apparel and accessories company Tommie Copper has agreed to settle allegations that it advertised that its products relieved ailments like arthritis without any proof, the Federal Trade Commission said on Tuesday. Tommie Copper, which sold about $87 million worth of copper-infused elbow, ankle and wrist sleeves as well as other...

  • Shares of dietary supplement makers GNC Holdings Inc were down 24 percent in afternoon trading, while those of Vitamin Shoppe fell nearly 8 percent and Herbalife Ltd 2.5 percent. The DoJ said the news conference would be attended by representatives of the U.S. Food and Drug Administration, the U.S. Postal Inspection Service, the Federal Trade Commission, the...

  • WASHINGTON, Nov 3- Mylan received U.S. antitrust approval for its hostile bid for Irish-based generic drugmaker Perrigo Co under the condition Mylan sells seven drugs to Alvogen Group Inc, the Federal Trade Commission said on Tuesday. Netherlands- based Mylan made an offer for Perrigo in April, which was rejected, and went hostile in September.

  • WASHINGTON, Oct 29- U.S. antitrust regulators could push Valeant Pharmaceuticals International Inc to sell part of its specialty contact lens materials business so it would lose the market dominance it built through two acquisitions, antitrust attorneys said. The U.S. Federal Trade Commission is investigating the Canadian drugmaker's purchase of Paragon...

  • Oct 27- The U.S. Federal Trade Commission is looking into whether Canadian drugmaker Valeant Pharmaceuticals International Inc illegally cornered the market for a component of a new type of contact lens, an industry source told Reuters. Valeant said on Monday it had received a letter from the FTC on or about Oct. 16 seeking more information about Valeant's...

  • Oct 27- The U.S. Federal Trade Commission is looking into whether Canadian drugmaker Valeant Pharmaceuticals International Inc illegally cornered the market for a key material used to make rigid contact lenses, ProPublica reported, citing people familiar with the matter. The New York Times also reported last week that Valeant and other drugmakers were...

  • WASHINGTON, Oct 20- The Federal Trade Commission, which enforces U.S. laws against deceptive advertising, said on Tuesday that it had closed a probe of Wal-Mart Stores Inc regarding products advertised as "Made in USA.". The FTC closed the probe without action after Wal-Mart dropped all "Made in USA" logos from products on its website, the FTC said in a letter to the...

  • U.S. ends probe of Wal-Mart on 'Made in USA' logo Tuesday, 20 Oct 2015 | 1:37 PM ET

    WASHINGTON, Oct 20- The Federal Trade Commission, which enforces U.S. laws against deceptive advertising, said on Tuesday that it had closed a probe of Wal-Mart Stores Inc regarding products advertised as "Made in USA.".

  • UPDATE 1-FTC joins U.S. probe of Volkswagen emissions Wednesday, 14 Oct 2015 | 3:31 PM ET

    WASHINGTON, Oct 14- The U.S. Federal Trade Commission, which probes companies accused of deceptive advertising, has joined the Justice Department and Environmental Protection Agency in investigating Volkswagen, which is accused of lying about emissions from diesel cars. The FTC is coordinating with EPA and Justice, agency spokesman Justin Cole said.

  • FTC joins U.S. probe of Volkswagen emissions Wednesday, 14 Oct 2015 | 3:19 PM ET

    WASHINGTON, Oct 14- The U.S. Federal Trade Commission, which probes companies accused of deceptive advertising, has joined the Justice Department and Environmental Protection Agency in investigating Volkswagen, which is accused of lying about emissions from diesel cars.

  • Oct 12- Office supplies retailer Staples Inc has agreed with the Federal Trade Commission to extend the review period for its $6.3 billion takeover of Office Depot Inc.. The companies said they continued "to work with regulatory authorities in the European Union, the United States and Canada." Staples first tried to buy Office Depot in 1996, but the deal was...

  • Review date for Staples-Office Depot deal extended Monday, 12 Oct 2015 | 8:15 AM ET

    Oct 12- Office supplies retailer Staples Inc said it agreed with the Federal Trade Commission to extend the review period for its $6.3 billion takeover of Office Depot Inc..

  • WASHINGTON, Sept 30- Wright Medical Group and Tornier NV have won U.S. antitrust approval for their merger on condition that they sell certain assets related to replacement ankle and toe joints, the Federal Trade Commission said on Wednesday. The deal will be allowed to go ahead on condition that the companies sell Tornier's U.S. rights and assets related to...

  • Wright Medical Group, Tornier win U.S. approval to merge Wednesday, 30 Sep 2015 | 11:59 AM ET

    WASHINGTON, Sept 30- Wright Medical Group and Tornier NV have won U.S. antitrust approval for their $3.3 billion merger on condition that they sell assets, the Federal Trade Commission said on Wednesday.

  • Sept 28- Bayer AG prevailed in a lawsuit filed by the U.S. Federal Trade Commission that accused the drugmaker's U.S. unit of making unsubstantiated claims about a dietary supplement marketed to promote digestion. District Judge Jose Linares in Newark, New Jersey refused to hold Bayer Corp in contempt for having allegedly violated a 2007 consent decree...