U.S. FTC chief says prepared to break up big tech firms: Bloomberg

(Reuters) – U.S. Federal Trade Commission is prepared to break up major technology platforms if necessary by undoing their past mergers, Chairman Joe Simons said on Tuesday in an interview to Bloomberg, as the agency anti-competitive practices in the sector. Simons said in the interview that breaking up a company is challenging, but could be the right remedy to rein […]

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FTC Kills 1 Billion Robocalls

In the latest crackdown on illegal robocalls, which are automated telemarketing calls, the Federal Trade Commission or FTC along with the U.S. Department of Justice have blocked over one billion such calls. In the joint operation, named “Operation Call it Quits,” the agencies took 94 actions targeting companies nationwide that are responsible for these illegal calls. The robocalls were made […]

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FTC will soon decide if Americans get to keep their freedoms, or cede them to China

President Donald Trump has forcefully confronted the People’s Republic of China over its militaristic aggression, its collaboration with our enemies, and its corrupt trade practices and theft of intellectual property (IP) – something none of his predecessors since President Ronald Reagan was willing to do. But the president’s stand against IP theft and his efforts to allow for more U.S. […]

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U.S. settles with Teva over keeping generic drugs off market

WASHINGTON (Reuters) – The U.S. government has reached a settlement with Teva Pharmaceuticals Industries Ltd over charges that its agreements with rivals impeded consumer access to lower-priced generic drugs. The Federal Trade Commission on Tuesday said it had settled three reverse payment fights with units of Teva, which will be prohibited from making any similar agreements with competitors in the […]

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Celebs hawking Cîroc vodka didn’t mention paid ad deal: FTC

Sean “Diddy” Combs helped to make Cîroc a best-selling vodka — but he and scores of other celebs never said that they were paid to hawk it, according to a consumer watchdog group. The singer was singled out in a complaint filed with the Federal Trade Commission on Monday night for flouting the agency’s disclosure rules. The agency requires influencers […]

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Realpage settles U.S. charges over tenant screening reports

(Reuters) – Realpage Inc, which provides technology to the real estate industry, agreed to pay $3 million to settle charges that its tenant screening reports violated federal credit reporting law, the U.S. Federal Trade Commission said on Tuesday. The FTC had alleged the Texas-based company “failed to take reasonable steps to ensure the accuracy of tenant screening information that it […]

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Payday loan victims bilked by former racecar driver to receive $505M

More than a million victims of an online payday lender called AMG Services will get refunds totaling $505 million, the Federal Trade Commission said Thursday, the largest litigated settlement in the consumer protection agency’s history. The man behind the scheme, former professional race car driver Scott Tucker, started operating out of a storefront in Kansas City in the 1990s. He […]

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FTC Demands Could Threaten Linde-Praxair Merger

Linde AG and Praxair Inc.’s (PX) planned $47 billion merger could be in jeopardy after the Federal Trade Commission’s (FTC) calling for the sale of more assets. Praxair shares were down 5.9% in early trade Monday. The merger would create the largest supplier of industrial gases in the world, ahead of current market dominator France-based Air Liquide SA. But, the FTC […]

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