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Government Agencies FTC

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  • WASHINGTON, Feb 25- The U.S. Supreme Court on Wednesday ruled that a North Carolina state dental board does not have the authority to regulate teeth-whitening services, accepting the federal government's claim that the system is anticompetitive because dentists sit on the panel. The court, on a 6-3 vote, ruled for the U.S. Federal Trade Commission, which had...

  • WASHINGTON, Feb 25- The U.S. Supreme Court on Tuesday ruled that a North Carolina state dental board does not have the authority to regulate teeth-whitening services, accepting the federal government's claim that the system is anticompetitive because dentists sit on the panel. The court, on a 6-3 vote, ruled for the U.S. Federal Trade Commission, which had decided...

  • WASHINGTON, Feb 23- Novartis AG has won U.S. antitrust approval to buy GlaxoSmithKline's oncology drugs, with conditions, the U.S. Federal Trade Commission said on Monday. The deal is one of three related transactions announced in April 2014 in which GlaxoSmithKline would buy Novartis' global vaccine business, except for flu vaccines, Novartis would buy Glaxo's...

  • WASHINGTON, Feb 20- Sysco Corp is not holding settlement talks with the U.S. government to resolve a lawsuit aimed at stopping a $3.5 billion merger of the food distributor and its largest rival, a lawyer for Sysco said on Friday. The Federal Trade Commission has filed a complaint aimed at blocking Sysco's purchase of U.S. Foods Inc. The FTC said the deal would give...

  • NEW YORK/ WASHINGTON, Feb 19- The U.S. government filed a lawsuit on Thursday seeking to block Sysco Corp's proposed takeover of rival food distributor US Foods Inc, saying the $3.5 billion deal would "eliminate significant competition" in the sector. Sysco's share price was down 3.4 percent for the day, initially on concerns that the Federal Trade Commission was...

  • Sysco to contest FTC's attempt to block merger Thursday, 19 Feb 2015 | 3:37 PM ET
     Sysco to contest FTC¿s attempt to block merger

    Sysco says it will fight the FTC's attempt to block its U.S. Foods merger, reports CNBC's Dominic Chu.

  • NEW YORK/ WASHINGTON, Feb 19- The U.S. government filed a lawsuit on Thursday seeking to block a merger of the nation's two largest food distributors, US Foods Inc and Sysco Corp, which said it will fight the Federal Trade Commission action. Sysco and US Foods unveiled their $3.5 billion deal in December 2013. The FTC announcement sent Sysco's stock price lower, with...

  • UPDATE 1-FTC sues to block Sysco-US Foods merger Thursday, 19 Feb 2015 | 2:29 PM ET

    NEW YORK/ WASHINGTON, Feb 19- The Federal Trade Commission said on Thursday it has filed a lawsuit seeking to block a merger of Sysco Corp and US Foods Inc. Sysco and US Foods, the largest U.S. food distributors and the only ones with national reach, announced the $3.5 billion deal in December 2013. The tie-up has been controversial because Sysco and US Foods are the...

  • U.S. sues to stop proposed merger of Sysco, US Foods Thursday, 19 Feb 2015 | 2:15 PM ET

    WASHINGTON, Feb 19- U.S. antitrust regulators filed a lawsuit on Thursday aimed at stopping food distribution giant Sysco Corp from purchasing smaller rival US Foods, the Federal Trade Commission said on Thursday. Sysco and US Foods, the largest U.S. food distributors and the only ones with national reach, announced the $3.5 billion deal in December 2013.

  • Feb 19- The U.S. Federal Trade Commission is expected to file a lawsuit as early as Thursday seeking to block a merger of Sysco Corp and U.S. Foods, according to a person briefed on the matter. Representatives for the Federal Trade Commission declined to comment. Sysco and U.S. Foods did not immediately respond to requests for comment.

  • Zillow says Trulia deal may close next week Friday, 13 Feb 2015 | 6:00 PM ET

    Feb 13- Zillow Inc said the Federal Trade Commission has decided to not take any action against real estate website operator's acquisition of Trulia Inc, and the company now expects to close the deal as early as Tuesday. Zillow shares were up 6 percent in extended trading on Friday. Zillow also reported a 58 percent jump in quarterly revenue on Friday, driven by a 41...

  • Feb 3- Discount store chain Dollar Tree Inc said it may have to divest more than the 300 stores it had expected, to buy Family Dollar Stores Inc, as U.S. antitrust regulators were reviewing more than 500 of its stores. The U.S. Federal Trade Commission may identify more stores for review in the future and the number of stores Dollar Tree may have to shed could increase,...

  • Feb 2- Food distributor Sysco Corp said it would sell 11 distribution centers run by takeover target US Foods Inc to Performance Food Group to satisfy antitrust concerns. Sysco's $3.5 billion offer for US Foods is awaiting approval from the Federal Trade Commission as the deal would combine the two largest U.S. food distributors. Sysco and US Foods are the only...

  • FTC sues online dating site for faking profiles Thursday, 30 Oct 2014 | 7:13 PM ET
    Romantic couple hugging

    Free users received bogus messages that appeared to be from interested members, but they had to upgrade their profiles to respond, the suit said.

  • For ex-pot kingpin, new trouble—health supplements Thursday, 4 Sep 2014 | 2:04 PM ET
    Jared Wheat

    Despite a court-ordered recall, a Georgia company's health supplements are still in stores. The CEO, a former pot kingpin, faces a $40 million judgment.

  • Buffett's Berkshire slammed with maximum penalty Wednesday, 20 Aug 2014 | 12:55 PM ET
    Berkshire Hathaway Chairman and CEO Warren Buffett pauses during an interview in New York.

    Warren Buffett's Berkshire Hathaway is paying almost $1 million to the government for failing to make disclosures required by antitrust law ... again.

  • Amazon.com repsonds to FTC suit Thursday, 10 Jul 2014 | 4:16 PM ET
    Amazon.com repsonds to FTC suit

    CNBC's Julia Boorstin reports Amazon.com has said the FTC's action is "deeply disappointing."

  • FTC sues Amazon.com Thursday, 10 Jul 2014 | 12:47 PM ET
    FTC sues Amazon.com

    CNBC's Julia Boorstin reports the FTC is suing Amazon.com over in-app purchases by children.

  • FTC sues T-Mobile Wednesday, 2 Jul 2014 | 11:11 AM ET
    FTC sues T-Mobile

    The FTC has sued T-Mobile for adding bogus fees to bills. The "Squawk Alley" crew and Michael Santoli, Yahoo! Finance senior columnist, discuss how this will impact T-Mobile.

  • L'Oreal settles over ads that FTC called deceptive Monday, 30 Jun 2014 | 4:06 PM ET

    The Federal Trade Commission banned cosmetic company L'Oreal from making claims about anti-aging without offering scientific proof.