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Government Agencies FTC

  • WASHINGTON/ SAN FRANCISCO, Aug 15- Uber Technologies Inc has agreed to two decades of audits after U.S. regulators found the ride-services company failed to protect the personal information of drivers and passengers and deceived the public about efforts to prevent snooping by its employees. The Federal Trade Commission on Tuesday announced a settlement...

  • DETROIT— Ride-hailing service Uber has agreed to protect data and audit use of rider information to settle a complaint from the federal government that it deceived customers. The Federal Trade Commission, in a complaint settled on Tuesday, alleged that Uber failed to secure data about rider trips and neglected to monitor employee access to the information.

  • WASHINGTON, Aug 15- U.S. regulators said on Tuesday that Uber Technologies Inc agreed to do more to protect the privacy of customer and driver data in settling allegations that the ride-hailing company had made deceptive privacy and data security claims. The settlement with the Federal Trade Commission is the latest setback for Uber, which is facing a divided...

  • WASHINGTON, Aug 9- President Donald Trump's leading choice to run the Federal Trade Commission is a Washington lawyer who served at the agency as a top official under President George W. Bush, a person briefed on the matter said on Wednesday. Joseph Simons, a partner at the law firm Paul, Weiss, Rifkind, Wharton and Garrison LLP, is the leading choice to run the FTC over...

  • WASHINGTON, Aug 9- President Donald Trump's leading choice to run the Federal Trade Commission is a Washington lawyer who served at the agency as a top official under President George W. Bush, a person briefed on the matter said on Wednesday. Joseph Simons, a partner at the law firm Paul, Weiss, Rifkind, Wharton and Garrison LLP, is the leading choice to run the FTC over...

  • Jeff Bezos speaking at the new New York Economic Club luncheon in New York on Oct. 27, 2016.

    "Honestly, this could be the first trillion-dollar company," equity analyst James Cakmak says.

  • Antitrust in the spotlight for Amazon-Whole Foods

    James Cooper, former acting director of the office of policy planning at the FTC, discusses the current antitrust scrutiny on the Amazon-Whole Foods merger and the tech sector in general.

  • WASHINGTON, July 21- A group of Democrats in Congress urged the U.S. Department of Justice and Federal Trade Commission in a letter this week to conduct a more in-depth review of online retailer Amazon.com Inc's plan to buy grocer Whole Foods Market Inc.. Amazon and Whole Foods hope to expand access to fresh food, said Brian Huseman, Amazon's vice president of...

  • WASHINGTON, July 21- A group of Democrats in Congress urged the U.S. Department of Justice and Federal Trade Commission in a letter this week to conduct a more in-depth review of online retailer Amazon.com Inc's plan to buy grocer Whole Foods Market Inc.. Amazon and Whole Foods hope to expand access to fresh food, said Brian Huseman, Amazon's vice president of...

  • Are consumers winning from tech consolidation?

    Ethan Kurzweil, Bessemer Venture Partners, and Gene Munster, Loup Ventures, discuss the news that Amazon is under the eye of the FTC for its potentially deceptive prices as part of the growing concerns over monopolization and antitrust claims.

  • WASHINGTON, July 13- FanDuel Chief Executive Nigel Eccles said on Thursday his company and DraftKings would terminate a planned merger after a legal challenge by U.S. antitrust enforcers. The U.S. Federal Trade Commission said in June that it would seek to stop the deal because the combined company would control more than 90 percent of the U.S. market for paid...

  • Nigel Eccles

    CNBC's Kate Rogers reports Fantasy sports companies Fanduel and DraftKings announce they are ending their merger as Antitrust concerns from the FTC weigh on the deal.

  • Steve Mollenkopf, CEO of Qualcomm

    Apple has allegedly infringed on six of Qualcomm's patents that improve iPhone battery life.

  • A realtor showing a house in Park Ridge, Illinois.

    Two major changes in the mortgage market go into effect this month, and both could help millions more borrowers qualify for a home loan.

  • WASHINGTON, July 3- Chipmaker Broadcom Limited has won U.S. antitrust approval to buy Brocade Communications Systems, the Federal Trade Commission said on Monday. The $5.5 billion deal, which already has won approval in Europe and Japan, is the latest in the chip industry as companies bulk up in response to growing demand for chips in connected devices and cars.

  • WASHINGTON, July 3- Chipmaker Broadcom Limited has won U.S. antitrust approval to buy Brocade Communications Systems with conditions, the Federal Trade Commission said on Monday.

  • June 28- Fred's Inc, which is buying stores from Rite Aid as part of the company's deal to be acquired by Walgreens, said its board adopted a shareholder rights plan in light of "increased trading activity" ahead of a decision on the deal. The Federal Trade Commission, the U.S. antitrust watchdog, is expected to reach a decision on the deal by July 7.

  • WASHINGTON, June 21- A federal judge has approved a temporary halt of a merger between sport fantasy companies DraftKings and FanDuel. Earlier this week, the U.S. Federal Trade Commission, California and the District of Columbia said they would seek to stop the merger because the combined company would control more than 90 percent of the U.S. market for paid daily...

  • Rohit 'Ro' Khanna

    Amazon and Whole Foods can "engage in low-cost pricing and it also going to put pressure on wages," Ro Khanna tells CNBC.

  • WASHINGTON, June 19- U.S. antitrust enforcers have authorized legal action aimed at stopping the merger of DraftKings and FanDuel, alleging that the combined firm would control more than 90 percent of the U.S. market for paid daily fantasy sports contests, the Federal Trade Commission said on Monday. The FTC, jointly with offices of the attorneys general in...