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Government Agencies FTC

  • WASHINGTON, Sept 14- The Federal Trade Commission has opened a probe into Equifax's massive data breach, where hackers stole a treasure trove of personal information about up to 143 million people. "The FTC typically does not comment on ongoing investigations. However, in light of the intense public interest and the potential impact of this matter, I can confirm...

  • SAN FRANCISCO/ WASHINGTON, Sept 13- U.S. truth-in-advertising enforcers have sent letters to supermodel Naomi Campbell, actresses Lindsay Lohan and Vanessa Hudgens and other celebrities asking whether they have paid deals to endorse products on the photo-sharing app Instagram. The letters sent by the U.S. Federal Trade Commission to 21 people with large...

  • SAN FRANCISCO/ WASHINGTON, Sept 13- U.S. truth-in-advertising enforcers have sent letters to supermodel Naomi Campbell, actresses Lindsay Lohan and Vanessa Hudgens and other celebrities asking whether they have paid deals to endorse products on the photo-sharing app Instagram. The letters sent by the U.S. Federal Trade Commission to 21 people with large...

  • The lawmakers signed a letter asking the Justice Department, Securities and Exchange Commission and Federal Trade Commission to probe about $1.8 million in stock sales by three executives between the time the company learned about the hack and when they made it public. "If that happened, somebody needs to go to jail," Senator Heidi Heitkamp, a Democrat on the...

  • Treasury Secretary Steven Mnuchin and the Federal Trade Commission. Senator Heidi Heitkamp, a Democrat who sits on the Senate Banking Committee, said it was "disturbing" that it appeared executives sold nearly $2 million worth of company stock in the time between learning of a sweeping hacker intrusion and making it public. On Monday, Senator Orrin Hatch, who...

  • Treasury Secretary Steven Mnuchin and the Federal Trade Commission. Senator Heidi Heitkamp, a Democrat who sits on the Senate Banking Committee, said it was "disturbing" that it appeared executives sold nearly $2 million worth of company stock in the time between learning of a sweeping hacker intrusion and making it public. On Monday, Senator Orrin Hatch, who...

  • Olga Teakell, on right, and her family clean her mobile home after it was damaged by Hurricane Irma in Naples, Florida, September 11, 2017.

    Between charities and crowdfunding sites, there's no shortage of ways to support storm victims.

  • credit report score personal finance

    The company's website yields confusion and its free service leaves holes in fraud prevention.

  • WASHINGTON, Sept 5- Lenovo Inc, a major laptop maker, has agreed to pay $3.5 million and make changes in how it sells laptops in order to settle allegations it sold devices with pre-loaded software that compromised users' security protections. The agreement with Connecticut, the Federal Trade Commission and 31 other states was announced on Tuesday.

  • WASHINGTON, Sept 5- Lenovo Inc, a major laptop maker, has agreed to pay $3.5 million and make changes in how it sells laptops in order to settle allegations it sold devices with pre-loaded software that compromised users' security protections. The agreement with Connecticut, the Federal Trade Commission and 31 other states was announced on Tuesday.

  • 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...

  • 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...