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Federal Trade Commission
Wednesday, Jun. 23, 2021
The Federal Trade Commission (FTC) is reportedly going to review Amazon’s proposed $8.45 billion deal to acquire MGM, the movie and TV studio behind such properties as the James Bond franchise, Legally Blonde and Shark Tank.
News of FTC scrutiny comes after...
Wednesday, Dec. 9, 2020
The U.S. government and 48 states and districts sued Facebook Wednesday, accusing it of abusing its market power in social networking to crush smaller competitors and seeking remedies that could include a forced spinoff of the social network's Instagram and WhatsApp messaging services.
Wednesday, Apr. 24, 2019
Facebook said it expects a fine of up to $5 billion from the Federal Trade Commission, which is investigating whether the social network violated its users' privacy.
The company set aside $3 billion in its quarterly earnings report Wednesday as a contingency against the possible penalty...
Tuesday, Mar. 29, 2016
A federal consumer watchdog sued Volkswagen on Tuesday, charging the company made false claims in commercials promoting its "Clean Diesel" vehicles as environmentally friendly.
The German automaker hastily pulled the ads...