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Democrats in US Congress urge review of Amazon’s Whole Foods deal

10 hours agoNews : The Raw Story

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. The lawmakers asked that the review include consideration...

FTC examines claims of Amazon using inflated list prices before signing off on Whole Foods takeover

In reviewing Amazon's proposed $13.7 billion takeover of Whole Foods, the U.S. Federal Trade Commission is reportedly exploring a complaint that the company posts false list prices on its website, making its discounts seem better than they really are.

FTC investigating claims of misleading Amazon discounts - CNET

16 hours agoTechnology : CNET: News

The Federal Trade Commission is looking into Amazon's discount policy after Consumer Watchdog complaint.

Antitrust watchdog investigates Amazon for allegedly lying about deal prices

The Federal Trade Commission just set its sights on Amazon’s deal pricing schemes, responding to complaints that the giant online retailer misleads customers with its discounts. The FTC’s investigation is part of its review of Amazon’s...Show More Summary

FTC probes watchdog’s allegations of Amazon’s deceptive discounting

22 hours agoTechnology : Venture Beat

(Reuters) — As part of its review of Amazon’s agreement to buy Whole Foods, the Federal Trade Commission is looking into allegations that Amazon misleads customers about its pricing discounts, according to a source close to the probe. The FTC is probing a complaint brought by the advocacy group Consumer Watchdog, which looked at some […]

Regulators are looking into complaints that Amazon is misleading customers about their savings

As Amazon prepares to lock down its mega-merger with Whole Foods, one of its most controversial sales practices may be coming back to haunt it. The Federal Trade Commission is investigating claims that the online shopping giant misleads...Show More Summary

Amazon Slips: FTC Investigating Allegation of ‘Deceptive Discounting,’ Says Reuters

Amazon is being scrutinized by the U.S. Federal Trade Commission over whether its discounts on goods are misleading, after a watchdog group complained, says Reuters, citing an unnamed source.

FanDuel, DraftKings scrap merger plans

The Coke and Pepsi of daily fantasy won’t be joining forces, after all. Via Reuters, FanDuel and DraftKings have decided not to proceed with a plan to merge. The move flowed from a decision by the U.S. Federal Trade Commission to challenge the transaction, arguing that it would give the combined company more than 90 percent…

DraftKings, FanDuel call off daily fantasy sports merger

The two leading daily fantasy sports companies DraftKings and FanDuel scrapped their proposed merger on Thursday, about a month after federal regulators sued to block it. The Federal Trade Commission … Click to Continue »

DraftKings and FanDuel drop fantasy sports merger after FTC pressure

(Reuters) — Daily fantasy sports companies FanDuel and DraftKings scrapped a plan to merge on Thursday following 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 daily […]

DraftKings and FanDuel merger spiked - CNET

The daily fantasy sports leaders won't merge after all due to major opposition from the Federal Trade Commission.

DraftKings, FanDuel merger terminated amid antitrust challenge

The planned merger between dueling leaders of the daily fantasy sports industry, DraftKings and FanDuel, is officially off, less than a month after the Federal Trade Commission announced its plan to block the union. “FanDuel decided to merge with DraftKings last November because we believed that this deal would have increased investment in growth and […]

FanDuel And DraftKings End Merger Plan In Response To FTC Opposition

FanDuel and DraftKings’ dream of merging into a fantasy sports colossus ended today following the Federal Trade Commission’s decision last month to sue to block the deal. The companies “believed that this deal would have increased investment...Show More Summary

Sanford: Complaint misses mark on North Dakota health care

Dakotas-based Sanford Health says a move by the Federal Trade Commission and North Dakota attorney general to block a merger agreement with a Bismarck clinic lacks an understanding of health … Click to Continue »

FTC Defense Lawyer:  FTC and State Attorneys General Challenge Proposed Merger of DraftKings and FanDuel

The Federal Trade Commission has recently announced that it has authorized legal action to block the merger of the two largest daily fantasy sports sites, DraftKings and FanDuel.  The Commission alleges that the combined entity would control more than 90% of the U.S. market for paid daily fantasy sports contests. The FTC, together with the Offices of the […]

FTC shuts down Blue Global for sharing consumers’ loan-application data

The Federal Trade Commission said it halted the operations of Blue Global Media after the company earned millions of dollars by falsely promising to match them with low-rate loans. In a settlement with the FTC announced today, Blue Global faced a judgment of $104 million, which was suspended because neither the company nor its CEO, […]

Why Comcast and Verizon are suddenly clamoring to be regulated

3 weeks agoTechnology : Post Tech

Some of the nation's biggest Internet providers are begging a court not to weaken the power of a major regulatory agency — the Federal Trade Commission — in a case that has implications for businesses and consumers nationwide and puts the companies at odds with another key industry player, AT&T. The request earlier this week by Charter, Comcast, Cox and […]

US Federal Trade Commission gets go-ahead for antitrust suit against Qualcomm

A U.S. Federal Trade Commission lawsuit leveled against Qualcomm before the start of a separate case by Apple can continue in spite of overtures for a dismissal from the chipmaker, a California court ruled this week.

Qualcomm loses bid to quash FTC antitrust lawsuit

A Northern California federal judge has denied Qualcomm Inc.’s motion to dismiss the U.S. Federal Trade Commission antitrust lawsuit against the San Diego wireless technology company, which means the case will go forward. The suit, filed in January, alleges that Qualcomm uses its dominant market...

Qualcomm loses bid to squash FTC antitrust lawsuit - CNET

3 weeks agoTechnology : CNET: News

The Federal Trade Commission accuses Qualcomm of using its power to extract high royalties from phone makers.

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