Government Agencies FTC

  • Former FTC Commissioner and former advisor to Facebook Mozelle Thompson joins 'Squawk Alley' to discuss the $5 billion fine Facebook could be facing from the FTC.

  • The social media giant Facebook is headed toward an agreement with the U.S. government over its privacy policies and practices that would put it under 20 years of oversight, according to a source knowledgeable about the discussions.

  • WASHINGTON, May 9- Four U.S. senators urged the Federal Trade Commission on Thursday to investigate Amazon.com Inc's smart speakers aimed at children, claiming the devices violate a privacy law that protects children. Senators Edward J. Markey, Richard Blumenthal, Dick Durbin and Josh Hawley asked for the probe, saying the smart speakers captured information...

  • Chris Hughes

    Facebook co-founder Chris Hughes wrote in a New York Times op-ed that regulators must check CEO Mark Zuckerberg's power.

  • WASHINGTON, May 8- Democratic and Republican lawmakers both stressed the need for bipartisan privacy legislation on Wednesday but seemed divided on how willing they were to strengthen the Federal Trade Commission, which is expected to be tasked with enforcing an eventual law. Subcommittee Chairwoman Jan Schakowsky, a Democrat, was one of several people who...

  • WASHINGTON, May 7- Facebook Chief Operating Officer Sheryl Sandberg was meeting with U.S. lawmakers on Capitol Hill on Tuesday ahead of an expected settlement with the Federal Trade Commission, a spokesman for Senator Jerry Moran said. Sandberg was expected to meet with Moran on Tuesday amid reports that the social media giant will soon settle an...

  • WASHINGTON, May 7- Facebook Chief Operating Officer Sheryl Sandberg is meeting with U.S. lawmakers on Capitol Hill on Tuesday ahead of an expected settlement with the Federal Trade Commission, a spokesman for Senator Jerry Moran said. Facebook has been talks with the FTC to settle an investigation into revelations that Facebook inappropriately shared...

  • Missouri Attorney General Josh Hawley 

    Sen. Josh Hawley (R-Missouri) joins "Squawk Alley" to discuss calls for the FTC to punish Facebook. Hawley said past proposed punishments have only been a 'slap on the wrist' for the company.

  • Facebook founder and CEO Mark Zuckerberg arrives to testify following a break during a Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee joint hearing about Facebook on Capitol Hill in Washington, DC.

    A bipartisan letter published Monday puts additional pressure on the FTC as it weighs steps to punish Facebook for mishandling users' personal information.

  • May 2- The U.S. Department of Justice's antitrust division asked a federal judge on Thursday to hold a hearing on any possible remedies to be imposed if mobile chip supplier Qualcomm Inc is found liable in an antitrust lawsuit brought by the U.S. Federal Trade Commission. The Justice Department's filing asked Judge Lucy Koh of the U.S. "here is a plausible prospect...

  • May 2- The U.S. Department of Justice asked a federal judge on Thursday to hold a hearing on any possible remedies to be imposed if mobile chip supplier Qualcomm Inc is found liable in an antitrust lawsuit brought by the U.S. Federal Trade Commission. The Justice Department's filing asked Judge Lucy Koh of the U.S. "here is a plausible prospect that an overly broad...

  • CNBC's "Power Lunch" team breaks down the new privacy oversight on the table for Facebook and CEO Mark Zuckerberg with Nancy Scola, Politico technology reporter that broke the story, and Ryan Radia, an adjunct fellow for CEI, a lobbying group promoting limited regulation.

  • May 1- Facebook Inc and the Federal Trade Commission are negotiating a possible settlement that would require the company to create an independent privacy oversight committee and take other steps to safeguard users, Politico reported on Wednesday, citing a source. The potential agreement between the company and the FTC is in addition to the $3 billion...

  • May 1- Facebook Inc and the Federal Trade Commission are negotiating a possible settlement that would require the company to create an independent privacy oversight committee and take other steps to safeguard users, Politico reported on Wednesday, citing a source. The potential agreement between the company and the FTC is in addition to the $3 billion...

  • April 24- Facebook Inc beat analysts' estimates for quarterly revenue on Wednesday, aided by growth in its Instagram business and a surge in advertising sales, while also setting aside up to $5 billion to cover anticipated official U.S. privacy penalties. The company also raised the top end of its provision for losses related to Federal Trade Commission privacy...

  • Steve Mollenkopf, chief executive officer of Qualcomm Inc., holds the new Snapdragon 835 chip during a keynote at the 2017 Consumer Electronics Show (CES) in Las Vegas, Nevada.

    Apple buys modem chips from companies like Qualcomm to enable the iPhone to connect to cellular networks.

  • WASHINGTON, April 10- Tronox Ltd has reached a settlement with U.S. antitrust enforcers that will allow it to move forward with its purchase of much of Cristal's titanium dioxide business, the Federal Trade Commission said on Wednesday. It had previously valued the assets at $700 million, and a British company, INEOS Enterprises AG, agreed to buy the plants.

  • April 8- Marlboro maker Altria Group said on Monday it had received a request for additional information on its investment in e-cigarette market leader Juul Labs Inc from the U.S. Federal Trade Commission. Altria, which bought a 35 percent stake in Juul for $12.8 billion in December, is now looking to convert its non-voting stake in the company to voting shares as...

  • April 8- Marlboro maker Altria Group said on Monday it has received a request for additional information on its investment in e-cigarette maker Juul Labs Inc from the U.S. Federal Trade Commission. Altria, which bought a 35 percent stake in Juul for $12.8 billion in December, is now looking to convert its non-voting stake in the company to voting shares as per the...

  • WASHINGTON/ LONDON, April 3- The U.S. Federal Trade Commission, which investigates allegations of deceptive advertising, has sent warning letters to eight companies to insist they distinguish in advertisements between diamonds from mines and those made in laboratories, it said on Tuesday. An unredacted version of one of the letters seen by Reuters identified...