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Government Agencies FTC

  • WASHINGTON, Jan 13- U.S. Federal Trade Commission chairwoman Edith Ramirez will step down after more than three years as chairwoman and six at the agency, the FTC said in a statement on Friday, adding that her departure will be effective Feb. 10. Ramirez, who worked on the Harvard Law Review with Democratic President Barack Obama and later for his campaign, is widely...

  • WASHINGTON, Jan 13- U.S. Federal Trade Commission chairwoman Edith Ramirez will step down after more than three years as chairwoman and six at the agency, the FTC said on Friday.

  • Jan 9- A federal judge has blocked a brother of professional racecar driver and payday loan businessman Scott Tucker from selling bogus debt portfolios to collection agencies, which have used them to get consumers to pay debts they did not owe, the U.S. Federal Trade Commission said. The FTC on Dec. 16 filed a civil lawsuit against Joel Tucker and three of his...

  • WASHINGTON, Jan 9- Quincy Bioscience LLC, which makes the memory supplement Prevagen, was hit with a lawsuit on Monday filed by the Federal Trade Commission and New York attorney general's office, which alleged that there is no proof the supplement works. The medicine, which costs $24 to $68 for 30 pills, is advertised on cable and broadcast television, according to...

  • WASHINGTON/ BOSTON, Jan 5- The U.S. Federal Trade Commission filed a lawsuit against D-Link Corp on Thursday, accusing the Taiwan- based manufacturer of failing to take reasonable steps to protect its routers and internet-linked security cameras from hackers. The FTC brought the charges as part of a broader effort to improve security of internet-connected...

  • WASHINGTON/ BOSTON, Jan 5- The U.S. Federal Trade Commission filed a lawsuit against D-Link Corp on Thursday, accusing the Taiwan- based manufacturer of failing to take reasonable steps to protect its routers and internet-linked security cameras from hackers. The FTC brought the charges as part of a broader effort to improve security of internet-connected...

  • WASHINGTON, Jan 5- The U.S. Federal Trade Commission filed a lawsuit against D-Link Corp on Thursday, arguing that the company failed to take steps to ensure that the routers and internet-linked security cameras that it manufactures could not be hacked. The FTC asked the U.S. District Court for the Northern District of California to order D-Link to improve its...

  • Dec 30- U.S. fishing and hunting equipment retailer Cabela's Inc, which is being bought by privately held rival Bass Pro Shops, said the Federal Trade Commission had sought more information from the companies about the deal. On Friday, Cabela's said Capital One had informed the company that it does not expect to get approval for acquiring the credit card business,...

  • WASHINGTON, Dec 28- German pharmaceutical company Boehringer Ingelheim agreed to divest five types of animal health products to settle charges that a proposed asset swap with Sanofi would harm competition, the U.S. Federal Trade Commission said on Wednesday. The proposed asset swap involved Boehringer Ingelheim's acquisition of Sanofi's $13.5 billion...

  • WASHINGTON, Dec 28- The U.S. Federal Trade Commission said on Wednesday that German pharmaceutical company Boehringer Ingelheim agreed to divest five types of animal health products to settle FTC charges that a proposed asset swap with Sanofi would harm competition. The proposed asset swap involved Boehringer Ingelheim's acquisition of Sanofi's $13.5...

  • WASHINGTON, Dec 27- Healthcare company Abbott Laboratories has won U.S. antitrust approval for its proposed $25 billion acquisition of medical device maker St. Jude Medical Inc, the U.S. Federal Trade Commission said on Tuesday. Jude's vascular closure device and Abbott's steerable sheath to Japan- based Terumo Corp. In October, Abbott said the companies would...

  • WASHINGTON, Dec 27- Healthcare company Abbott Laboratories has won U.S. antitrust approval for its proposed $25 billion acquisition of medical device maker St. Jude Medical Inc, the U.S. Federal Trade Commission said on Tuesday. Jude's vascular closure device and Abbott's steerable sheath to Japan- based Terumo Corp. In October, Abbott said the companies would...

  • WASHINGTON, Dec 27- Healthcare company Abbott Laboratories has won U.S. antitrust approval for its proposed purchase of medical device maker St. Jude Medical Inc, the U.S. Federal Trade Commission said on Tuesday. Jude's vascular closure device and Abbott's steerable sheath- to Japan- based Terumo Corp..

  • WASHINGTON, Dec 27- Healthcare company Abbott Laboratories has won U.S. antitrust approval for its proposed purchase of medical device maker St. Jude Medical Inc, the Federal Trade Commission said on Tuesday. Abbott has agreed to divest two medical device businesses to settle FTC charges that the $25 billion acquisition of St.

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  • New automobiles, manufactured by Volkswagen AG, sit on railway transporters in Munich, Germany, on Wednesday, March 17, 2016. Volkswagen is in talks with U.S. authorities to establish a national remediation fund and a separate one for California as punishment for pollution from its cars after the automaker cheated on diesel-emissions tests, said people familiar with the matter.

    The CEO of Volkswagen Group of America said it's another "important step forward in our efforts to make things right for our customers."

  • WASHINGTON, Dec 16- Volkswagen AG has agreed to pay just over $200 million to offset emissions from about 80,000 3.0 liter diesel U.S. vehicles, a person briefed on the settlement told Reuters. Talks among Volkswagen, the U.S. Federal Trade Commission and lawyers for the suing owners have gone on for weeks. With the $200 million to offset 3.0 liter emissions,...

  • WASHINGTON, Dec 15- DeVry University has agreed to pay $100 million to settle a U.S. Federal Trade Commission lawsuit accusing the for-profit school of misleading potential students with ads promoting job and salary success for graduates, the agency said on Thursday. Under the settlement, DeVry will forgive $50.6 million in debt owed by students for tuition...

  • TORONTO, Dec 14- The owner of hacked infidelity website Ashley Madison will pay a sharply discounted $1.66 million penalty to settle an investigation by the U.S. Federal Trade Commission and several U.S. states into lax data security and deceptive practices, the company and authorities said on Wednesday. The remainder of a $17.5 million settlement was...

  • TORONTO/ WASHINGTON, Dec 14- The owner of hacked infidelity website Ashley Madison will pay $1.66 million to settle an investigation by the U.S. Federal Trade Commission and several U.S. states into lax data security and deceptive practices, the company and authorities said on Wednesday. The remainder of a $17.5 million settlement was suspended based on...