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Government Agencies FTC

  • 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...

  • TORONTO, Dec 14- The owner of hacked infidelity website Ashley Madison has paid $1.66 million to settle a joint investigation by the U.S. Federal Trade Commission and several U.S. states into lax data security and deceptive practices, the company and New York's Attorney General said on Wednesday. The remainder of a $17.5 million settlement was suspended based...

  • ASHLEY MADISON INFIDELITY WEBSITE OWNER SAYS REACHES SETTLEMENT IN U.S.

  • INFIDELITY WEBSITE ASHLEY MADISON OWNER WILL PAY $1.66 MLN OF $17.5 MLN SETTLEMENT WITH U.S.

  • Senator Jeff Sessions, attorney general pick for U.S. President-elect Donald Trump.

    The Trump administration may take big steps backward on privacy, and put the country at greater risk from cyberattacks, say experts.

  • The Federal Trade Commission said in a court filing dated Thursday there were 23 lost or broken mobile phones the FTC was not able to access, the agency said in the filing with the U.S. District Court in San Francisco. Volkswagen Group of America said in a court filing that "despite the FTC's provocative assertion to the contrary, is not aware of any evidence that any...

  • WASHINGTON, Dec 9- A U.S. agency involved in settlement talks with Volkswagen AG over its diesel emissions scandal raised concerns about nearly two dozen mobile phones destroyed or lost by the German carmaker. The Federal Trade Commission said in a court filing dated Thursday there were 23 lost or broken mobile phones the FTC was not able to access, the agency...

  • New York Stock Exchange at night, exterior

    These are the stocks posting the largest moves after the bell, including Mondelez, Square and more.

  • WASHINGTON, Nov 15- The U.S. Federal Trade Commission said on Tuesday it had approved an application from HeidelbergCement and Italcementi to divest the Essroc cement plant in Martinsburg, West Virginia, as well as eight cement terminals in the U.S. mid-Atlantic region.

  • WASHINGTON, Nov 11- The U.S. Federal Trade Commission wants a federal judge to allow the agency to take additional testimony from Volkswagen AG's U.S. unit over allegations the German automaker intentionally destroyed documents last year over its diesel emissions scandal. The FTC said in court documents filed late Thursday that it has been investigating...

  • WASHINGTON, Nov 11- The U.S. Federal Trade Commission wants a federal judge to allow the agency to take additional testimony from Volkswagen AG over allegations the German automaker intentionally destroyed documents last year over its diesel emissions scandal. Volkswagen spokeswoman Jeannine Ginivan said Friday the automaker "continues to cooperate...

  • Mylan EpiPen

    A U.S. Senate committee urged regulators to launch a probe into whether EpiPen maker Mylan broke the law by preventing schools from purchasing competing allergy treatments.

  • WASHINGTON, Nov 7- Valeant Pharmaceuticals, which owns eye care products maker Bausch& Lomb, has agreed to sell Paragon Holdings to settle allegations that its acquisition of the smaller company was illegal under antitrust law, the Federal Trade Commission said on Monday. Laval, Quebec- based Valeant has seen its stock price plunge since mid-2015 amid criticism...

  • WASHINGTON, Nov 7- The U.S. Senate Judiciary Committee urged federal antitrust regulators on Monday to launch a probe into whether EpiPen maker Mylan NV broke the law by preventing schools from purchasing competing allergy treatments. The bipartisan request to the Federal Trade Commission by Senate Judiciary Chairman Charles Grassley and Ranking Member...

  • The bipartisan request to the Federal Trade Commission by Senate Judiciary Chairman Charles Grassley and Ranking Member Patrick Leahy comes just a few weeks before the committee is slated to convene a hearing to scrutinize a pending $465 million settlement that Mylan has said will resolve claims it underpaid rebates to state and federal Medicaid...

  • Senate Committee asks FTC to launch Mylan antitrust probe

    Senate committee calls on FTC to review Mylan's business practices around its EpiPen product for possible anti-competitive behavior. CNBC's Meg Tirrell reports. The "Fast Money" traders weigh in.