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  • WASHINGTON, Jan 30- Food distributor Sysco Corp and its biggest rival, US Foods Inc, have offered to sell a smaller competitor 11 facilities in order to convince skeptical antitrust regulators to approve their $3.5 billion merger, a source briefed on the matter told Reuters. To overcome Federal Trade Commission concerns, the companies have offered to sell 11...

  • WASHINGTON, Jan 30- Pomegranate juice maker POM Wonderful cannot advertise that its pomegranate drinks treat or prevent heart disease or other ailments unless it has proof, a U.S. appeals court said Friday, upholding an order by the Federal Trade Commission. The U.S. Court of Appeals for the D.C. Circuit largely upheld a 2010 order by the Federal Trade Commission,...

  • NEW YORK— Sun Pharmaceuticals will sell the rights to one generic drug as part of its purchase of competitor Ranbaxy Laboratories, U.S. antitrust regulators said Friday. The Federal Trade Commission said the companies will sell Ranbaxy's interests in generic minocycline, an antibiotic used to treat several types of infections. Torrent Pharmaceuticals, an...

  • WASHINGTON, Jan 30- POM Wonderful cannot advertise that its pomegranate juice drinks treat or prevent heart disease or other ailments unless it has proof, a U.S. appeals court said on Friday in upholding an order by the Federal Trade Commission. The U.S. Court of Appeals for the D.C. Circuit largely upheld a 2010 order by the Federal Trade Commission which found...

  • Court upholds deceptive ad claims against POM Friday, 30 Jan 2015 | 11:13 AM ET

    In a 3-0 decision, the U.S. Court of Appeals for the District of Columbia Circuit upheld a conclusion reached earlier by the Federal Trade Commission that many of POM's ads made misleading or false claims. "We see no basis for setting aside the commission's conclusion that many of POM's ads made misleading or false claims about POM products," wrote appeals judge...

  • Mobile provider TracFone to pay $40M in federal settlement Wednesday, 28 Jan 2015 | 12:05 PM ET

    WASHINGTON— The nation's largest prepaid mobile provider, TracFone Wireless, will pay $40 million to settle government claims that it misled millions of smartphone customers with promises of unlimited data service. The Federal Trade Commission said Wednesday that TracFone's advertising promised unlimited data, but the company then drastically slowed...

  • WASHINGTON, Jan 28- TracFone, owned by America Movil SAB, has agreed to pay $40 million to reimburse customers who purchased prepaid unlimited data plans that turned out to have maximum limits, the Federal Trade Commission said on Wednesday. Netflix estimates that its customers uses about 1 gigabyte per hour of standard video streaming, according to its website.

  • 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,...

  • 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...