Government Agencies FTC

  • FTC reaches $200M settlement with Herbalife

    The FTC and Herbalife have reached an agreement, reports CNBC's Scott Wapner.

  • July 15- Weight-loss products maker Herbalife Ltd will pay $200 million to avoid being classified as a pyramid scheme under a settlement with the Federal Trade Commission, the Wall Street Journal reported, citing people familiar with the matter. The FTC opened a probe of Herbalife in 2014 following allegations by hedge fund manager William Ackman that it had a...

  • July 15- Herbalife Ltd is expected to announce a settlement with the Federal Trade Commission, under which the regulatory body has determined that the weight-loss products maker is not a pyramid scheme, CNBC tweeted, citing Dow Jones. The FTC opened a probe of Herbalife in 2014 following allegations by hedge fund manager William Ackman that it had a fraudulent...

  • Stefano Pessina

    Walgreens' Pessina estimates that the combined company will have to sell roughly 500 stores in order to gain regulatory approval from the FTC.

  • TORONTO, July 5- The parent company of infidelity dating site Ashley Madison, hit by a devastating hack last year, is now the target of a U.S. Federal Trade Commission investigation, the new executives seeking to revive its credibility told Reuters. Have an affair, "cost Avid Life Media more than a quarter of its revenue, Chief Executive Rob Segal and President James...

  • TORONTO, July 5- The parent company of infidelity dating site Ashley Madison, hit by a devastating hack last year, is now the target of a U.S. Federal Trade Commission investigation, the new executives seeking to revive its credibility told Reuters. Have an affair ", cost Avid Life Media more than a quarter of its revenue, Chief Executive Rob Segal and President James...

  • June 30- Canadian chemical maker Superior Plus Corp said it scrapped the acquisition of rival Canexus Corp as they could not agree on terms, two days after the C $324 million deal was approved by Canada's antitrust regulator. The U.S. Federal Trade Commission had opposed the merger on Monday, saying the companies were two of the three manufacturers of a chemical...

  • June 30- Superior Plus Corp said it had terminated a C $324 million deal to buy fellow Canadian chemical company Canexus Corp after failing to agree on terms. The scrapping of the deal comes three days after the U.S. Federal Trade Commission opposed the merger, saying the companies were two of the three manufacturers of a chemical needed to whiten wood pulp for...

  • WASHINGTON, June 27- U.S. antitrust regulators filed a complaint on Monday to block the proposed merger of Canadian chemical companies Superior Plus Corp and Canexus Corp.. The U.S. Federal Trade Commission said in a statement that the companies are among three major North American producers of sodium chlorate, a chemical used to whiten wood pulp for making...

  • June 21- Impax Laboratories Inc said it would buy a portfolio of generic drugs from Teva Pharmaceutical Industries Ltd and Allergan Plc for about $586 million. The deal is part of the divestiture process mandated by the U.S. Federal Trade Commission in relation to Teva's acquisition of Allergan's generics business for $40.5 billion. Impax Chief Executive...

  • BOSTON, June 20- Billionaire investor William Ackman revved up his campaign against Herbalife on Monday as investors await the outcome of a U.S. Federal Trade Commission probe into the business practices of the nutritional supplements maker. Ackman's hedge fund, Pershing Square Capital Management, released a video on Monday that it said illustrated what...

  • WASHINGTON, June 17- German cement producer HeidelbergCement AG and Italian producer Italcementi SpA have agreed to divest a cement plant in Virginia and up to 11 cement distribution terminals in other states to settle Federal Trade Commission charges that their proposed $4.2 billion merger would likely harm competition in the United States, the Federal...

  • WASHINGTON, June 15- A U.S. judge late on Wednesday extended the deadline for Volkswagen AG, U.S. government regulators and owners of nearly 500,000 2.0 liter vehicles to reach a final diesel emissions settlement until June 28. The U.S. Environmental Protection Agency, California Air Resources Board, U.S. Justice Department, Federal Trade Commission and lawyers...

  • Shares of Walgreens and Rite Aid skyrocketed around 4 percent amid reports that the FTC is likely to approve Walgreens' acquisition of Rite Aid.

  • Julie Brill, former Federal Trade Commissioner

    The court did the right thing by shredding the Staples-Office Depot deal, a former FTC commissioner said Wednesday.

  • FTC taking second look at Google search -Report

    CNBC's Dominic Chu looks at shares of Alphabet after a report from Politico saying the FTC could take a second look into Google's search dominance.

  • Why are so many deals being blocked?

    Frank Aquila, Sullivan & Cromwell Partner and Mergers & Acquisition Attorney, speaks about the climate for M&A and why so many deals have been blocked recently.

  • SPLS/OLP's shredded deal

    Former FTC Commissioner Julie Brill weighs in on the Federal Trade Commission stopping a deal between Office Depot and Staples for antitrust reasons as well as the state of M&A activity in the U.S.

  • Office Depot and Staples

    Staples and Office Depot became the latest companies to abandon plans for a merger after facing scrutiny on antitrust grounds.

  • U.S. authorities have asked mobile phone carriers and manufacturers including Apple and Samsung, to explain how they release security updates.