T-Mobile will issue up to $90 million in refunds for billing customers for text services they didn't order under a settlement.» Read More
LONDON, Oct 28- BP said on Tuesday it was told by the U.S. Federal Trade Commission it was closing its investigation into anticompetitive practices in oil price reporting and assessment. European Commission officials in May 2013 raided the offices of oil majors BP, Shell and Statoil as part of a probe into suspected manipulation of oil and biofuel prices.
WASHINGTON, Oct 14- The U.S. Supreme Court may have bitten off more than it can chew in a North Carolina case about whether the state dental board has the authority to regulate teeth-whitening services, with the justices appearing unsure how to rule. The legal battle was prompted by the U.S. Federal Trade Commission, which decided that the North Carolina State...
WASHINGTON, Oct 8- Telecommunications giant AT&T Inc has agreed to pay $105 million to settle allegations that it put unauthorized charges on customers' cell phone bills, a practice known as cramming, the Federal Trade Commission said on Wednesday. AT&T will pay $80 million to refund customers while $20 million is earmarked for penalties and fees to all 50 U.S....
Oct 7- Shares of Herbalife Ltd tumbled 3.4 percent on Tuesday after a news report that the U.S. Federal Trade Commission could move against the nutritional products maker, although there was no sign regulatory action was imminent. The commission started an inquiry into Herbalife's operations in March after activist investor William Ackman called for...
WASHINGTON, Sept 23- A U.S. court has temporarily shut down Butterfly Labs, a Missouri company the Federal Trade Commission alleges deceptively marketed computers designed to produce bitcoins, the "virtual currency" payment system. In an emailed statement on Tuesday, Butterfly Labs said the commission had overreached with "heavy-handed actions."
WASHINGTON, Sept 23- A U.S. court has shut down Butterfly Labs, a Missouri company the Federal Trade Commission alleges deceptively marketed computers designed to produce bitcoins, the "virtual currency" payment system.
Sept 22- The U.S. Federal Trade Commission is considering a possible antitrust lawsuit against Sysco Corp's $3.5 billion deal to buy debt-ridden US Foods from private equity, the Wall Street Journal reported on Monday citing people with knowledge of the matter.
WASHINGTON, Sept 17- The popular online review site Yelp and the maker of children's mobile device apps including Tiny Pets and Tiny Monsters have separately agreed to settle charges that they improperly collected kids' information online, the U.S. Federal Trade Commission said on Wednesday.
WASHINGTON, Sept 17- The popular online review site Yelp and mobile app developer TinyCo have agreed to settle separate charges that they improperly collected children's information online, the U.S. Federal Trade Commission said on Wednesday.
Xu also said that the NDRC's investigation of U.S. chipmaker Qualcomm Inc was "basically done" and that Qualcomm President Derek Aberle would meet with the regulator on Friday. On Wednesday, U.S. Federal Trade Commission Chairwoman Edith Ramirez spoke publicly about reports of China's enforcement of its anti-trust law and its investigation of Qualcomm.
GOOGLE TO ISSUE AT LEAST $19 MLN IN REFUNDS TO SETTLE ALLEGATIONS RELATED TO CHILDREN'S IN-APP PURCHASES- U.S.
popular dating website intentionally misled couples about their suitability could open it up to a U.S. Federal Trade Commission inquiry, according to lawyers and experts in consumer-protection law.
July 11- Nordion Inc, a Canadian supplier of medical isotopes, said it had cleared a U.S. antitrust hurdle, paving the way for the company to be acquired by Sterigenics. The U.S. Federal Trade Commission terminated the waiting period for the acquisition under the Hart-Scott-Rodino Antitrust Improvements Act, Nordion said in a statement.
CNBC's Julia Boorstin reports Amazon.com has said the FTC's action is "deeply disappointing."
CNBC's Julia Boorstin reports the FTC is suing Amazon.com over in-app purchases by children.
The FTC certainly did a good job of sensationalizing their story and their news at the expense of both T-Mobile's reputation and mine: T-Mobile CEO.
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.
WASHINGTON, July 1- U.S. authorities filed a complaint against T-Mobile USA on Tuesday, accusing the wireless provider of adding millions of dollars of unauthorized charges onto customers' bills, a practice known as "cramming." T-Mobile USA received 35 to 40 percent of the amount charged, the Federal Trade Commission said.
WASHINGTON, July 1- U.S. authorities filed a complaint against T-Mobile USA on Tuesday, accusing the wireless provider of adding millions of dollars of unauthorized charges onto customers' bills, a practice known as "cramming." T-Mobile USA received 35 to 40 percent of the amount charged, the Federal Trade Commission said in its complaint.
WASHINGTON, June 30- Generic drugmaker Actavis Plc has won U.S. approval to buy specialty pharmaceuticals company Forest Laboratories on condition it sell or relinquish the rights to four generic medicines, the Federal Trade Commission said on Monday.