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  • FTC clears Albertsons' purchase of Safeway Tuesday, 27 Jan 2015 | 3:14 PM ET

    NEW YORK— Supermarket chain Albertsons says U.S. regulators have approved its purchase of competitor Safeway Inc.. The companies said Tuesday the deal has been cleared by the Federal Trade Commission and should close within five business days. Albertsons, which is part-owned by Cerberus Capital Management, agreed to buy Safeway in March for $7.64 billion in...

  • WASHINGTON, Jan 27- Supermarket chains Albertsons and Safeway agreed to sell 168 stores in eight states to win U.S. antitrust approval for their $9.2 billion merger, the Federal Trade Commission said on Tuesday. Albertsons, which has 630 supermarkets under various brand names, and Safeway, which has 1,332 stores, will divest stores in Arizona, California, Montana,...

  • WASHINGTON, Jan 27- Supermarket chains Albertsons and Safeway agreed to sell 168 stores in eight states to win U.S. antitrust approval for their $9.2 billion merger, the Federal Trade Commission said on Tuesday. Albertsons, which has 630 supermarkets under various brand names, and Safeway, which has 1,332 stores, will divest stores in Arizona, California, Montana,...

  • SAN FRANCISCO, Jan 20- A Texas company that makes brain-training games for children has settled a complaint over unsubstantiated health claims, the U.S. government said on Tuesday. The U.S. Federal Trade Commission said Focus Education claimed in an advertisement and on its website that it could permanently improve a child's focus, memory and school...

  • Jan 16- Two online payday lending companies linked to a professional racecar driver have agreed to pay a record $21 million to resolve charges by U.S. regulators that they engaged in deceptive practices, the Federal Trade Commission said on Friday. The settlement with Kansas- based AMG Services Inc, which serviced the loans, and MNE Services Inc, which lent to...

  • U.S. settles lawsuit with T-Mobile US over cramming Friday, 19 Dec 2014 | 12:12 PM ET

    WASHINGTON, Dec 19- T-Mobile US has agreed to settle a lawsuit filed by the U.S. government over unauthorized charges placed on customers' bills, a practice known as cramming, and to pay at least $90 million in refunds and fines, two U.S. government agencies said on Friday. T-Mobile USA received 35 to 40 percent of the amount charged, the Federal Trade Commission said...

  • WASHINGTON, Nov 26- Medtronic Inc has won U.S. antitrust approval to buy Dublin- based Covidien Plc on condition that it sell its drug-coated balloon catheter business, the Federal Trade Commission said on Wednesday. Medtronic and Covidien shareholders will vote on the merger on Jan. 6. Medtronic is the world's largest stand-alone medical device maker, with a...

  • WASHINGTON, Nov 26- Switzerland's Novartis AG has agreed to sell its nicotine patch, Habitrol, in order to win U.S. antitrust approval for a consumer healthcare joint venture with Britain's GlaxoSmithKline, the U.S. Federal Trade Commission said on Wednesday. The deal is part of a three-way transaction unveiled in April, which includes GSK buying Novartis'...

  • FEDERAL TRADE COMMISSION SETTLES WITH SONY COMPUTER ENTERTAINMENT, AD AGENCY REGARDING FALSE ADVERTISING OF PLAYSTATION VITA HANDHELD GAMING CONSOLE.

  • WASHINGTON, Nov 25- Sony Computer Entertainment has agreed to settle allegations that it misled consumers about features of its PlayStation Vita handheld gaming console, the Federal Trade Commission said on Tuesday. As part of the settlement, Sony will stop making the inaccurate claims and will give people who had purchased the device either a $25 refund or...

  • Nov 21- Sysco Corp, the biggest U.S. food distributor, is in advanced talks to sell some assets to a food company owned by Blackstone Group in order to win regulatory approval for its acquisition of US Foods Inc, the New York Post reported, citing sources. Once Sysco strikes a deal to divest some assets, the Federal Trade Commission is expected to clear the acquisition,...

  • WASHINGTON, Nov 19- Credit monitoring company One Technologies LP will refund $22 million to customers to settle U.S government allegations that its websites inadequately disclosed its charges for credit scores, the two sides said on Wednesday. A draft complaint from the U.S. Federal Trade Commission alleged that the Dallas- based privately held company...

  • SAN FRANCISCO/ WASHINGTON, Nov 13- The U.S. Federal Trade Commission is seeking assurances from Apple Inc that it will prevent sensitive health data collected by its upcoming smartwatch and other mobile devices from being used without owners' consent, two sources told Reuters. The two people, both familiar with the FTC's thinking, said Apple representatives...

  • WASHINGTON, Nov 6- The controversial patent assertion company MPHJ Technology Investments has reached an agreement with U.S. authorities barring it from using phony legal threats to demand patent licensing fees from small businesses, the Federal Trade Commission said on Thursday. "A patent is not a license to engage in deception," said Jessica Rich, director of...

  • WASHINGTON, Nov 6- The U.S. Federal Trade Commission has for the first time taken action against a patent assertion entity under its consumer protection authority, the agency said on Thursday. The FTC said MPHJ Technology Investments LLC had agreed to settle charges that they used deceptive sales claims and phony legal threats in letters that accused...

  • FEDERAL TRADE COMMISSION SETTLEMENT BARS PATENT ASSERTION ENTITY FROM USING DECEPTIVE TACTICS.

  • WASHINGTON, Oct 30- The U.S. government is suing baby food maker Gerber, owned by Nestle SA, alleging it advertised that its Good Start Gentle formula would reduce the risk of a baby developing allergies despite having no proof for the claim. The Federal Trade Commission, which filed the lawsuit on Wednesday, said Gerber put stickers on the baby food which said the...

  • WASHINGTON, Oct 30- The U.S. government is suing baby food maker Gerber, owned by Nestle SA, alleging it advertised that its Good Start Gentle formula would reduce the risk of a baby developing allergies despite having no proof for the claim. The Federal Trade Commission, which filed the lawsuit on Wednesday, said Gerber put stickers on the baby food which said the...

  • WASHINGTON, Oct 28- The U.S. government sued AT&T Inc on Tuesday, alleging the No. 2 U.S. wireless carrier sold consumers unlimited data plans but would reduce their Internet speeds once they exceeded a certain amount of data. The Federal Trade Commission said this throttling of Internet feeds was deceptive and that in some cases data speeds were slowed by nearly...

  • WASHINGTON, Oct 28- The U.S. government filed a lawsuit against AT&T Inc on Tuesday, alleging the No. 2 U.S. wireless carrier sold consumers unlimited data plans but would reduce their Internet speeds once they exceeded a certain amount of data. The Federal Trade Commission said that this "throttling" of Internet feeds was deceptive and that in some cases data...