Government Agencies FTC

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  • 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...

  • WASHINGTON, Sept 25- The U.S. Federal Trade Commission has opened a preliminary investigation into whether Google Inc uses its Android operating system to dominate competitors as more consumers go mobile, two sources familiar with the matter said on Friday. Reuters reported in April that some technology companies had complained to the U.S. Department of...

  • Sept 25- The U.S. Federal Trade Commission is investigating whether Google Inc is using its Android mobile operating system to stifle competition, a source familiar with the matter said on Friday. Reuters reported in April that some technology companies had complained to the U.S. Department of Justice about Google's anti-competitive practices and urged the...

  • Sept 25- The U.S. Federal Trade Commission is investigating whether Google Inc stifled competitors' access to its Android mobile-operating system, Bloomberg reported. FTC officials have met with representatives of technology companies who said Google gives priority to its own services on the Android platform, while restricting others, Bloomberg reported,...

  • DETROIT, Sept 22- A U.S senator on Tuesday asked the Federal Trade Commission to investigate marketing claims of "clean" diesel engines made by Volkswagen AG. The U.S. Environmental Protection Agency along with the California Clean Air Board on Friday said VW rigged software in its small diesel cars to fool regulators checking amounts of toxic fumes the cars...

  • Darcy Wedd and Erdolo Eromo were expected to appear in federal court in New York and Los Angeles, respectively, later on Monday. Attorney Preet Bharara in New York, which previously charged six other men in May in connection with the scheme. In 2013, the U.S. Federal Trade Commission settled related civil charges with one of the six men, Lin Miao, and several...

  • Bill Ackman: Lots of ways to win on Herbalife Friday, 11 Sep 2015 | 7:11 AM ET
    Bill Ackman:  Lots of ways to win on Herbalife

    William Ackman, Pershing Square Capital Management CEO, shares his thoughts on Herbalife.

  • WASHINGTON, Sept 2- Japan's Nikkei media group won U.S. antitrust approval for its $1.3 billion purchase of the Financial Times from Britain's Pearson PLC, the Federal Trade Commission said on Wednesday. The transaction was on the list of deals that the FTC and Justice Department granted "early termination," essentially quick antitrust approval.

  • Third Point settles charges with regulators Tuesday, 25 Aug 2015 | 6:00 AM ET
    Third Point settles charges with regulators

    Daniel Loeb's Third Point hedge fund settles regulatory charges over 2011 Yahoo stake.

  • Aug 24- Third Point LLC, the hedge fund firm run by activist investor Daniel Loeb, has settled U.S. regulatory charges that it failed to properly seek antitrust clearance while it built a big stake in Yahoo Inc in 2011.. The settlement, announced on Monday by the U.S. Department of Justice and Federal Trade Commission, resolves claims that Third Point took five weeks...

  • *Wyndham hackings caused $10.6 mln in fraudulent charges. Aug 24- A U.S. appeals court said the Federal Trade Commission has authority to regulate corporate cyber security, and may pursue a lawsuit accusing hotel operator Wyndham Worldwide Corp of failing to properly safeguard consumers' information. The FTC wants to hold Wyndham accountable for three...

  • *Wyndham hackings caused $10.6 mln fraudulent charges. Aug 24- A U.S. appeals court said the Federal Trade Commission has authority to regulate corporate cybersecurity, and may pursue a lawsuit accusing hotel operator Wyndham Worldwide Corp of failing to properly safeguard consumers' information. Noting the FTC's broad authority under a 1914 law to protect...

  • Aug 24- A U.S. appeals court said on Monday the Federal Trade Commission has the authority to regulate cybersecurity, and may pursue a lawsuit accusing hotel operator Wyndham Worldwide Corp of failing to safeguard consumers' personal information. The 3-0 decision by the 3rd U.S. Circuit Court of Appeals in Philadelphia upheld an April 2014 ruling that allowed...

  • WASHINGTON, Aug 17- Republican Commissioner Joshua Wright is stepping down from the U.S. Federal Trade Commission this month, the agency said in a statement on Monday.

  • FTC eyes University of Phoenix Thursday, 30 Jul 2015 | 6:00 AM ET
    FTC eyes University of Phoenix

    Online University of Phoenix under investigation by the Federal Trade Commission.

  • LifeLock shares slammed, denies FTC allegations Wednesday, 22 Jul 2015 | 8:53 AM ET
    LifeLock shares slammed, denies FTC allegations

    LifeLock stock plunged 50-percent after FTC contentions the company is making deceptive claims about its identity theft protection services, reports CNBC's Eamon Javers.

  • Robocall credit card scam continues Tuesday, 7 Jul 2015 | 12:04 PM ET
    Man on telephone

    The Robocall credit card scam continues to plague U.S. customers, here's why, NBC News reports.

  • 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.