web stats

Posts Tagged ‘ ftc ’

Google Might Settle EU Antitrust Probe Without Fine

By
April 11, 2013
TEST6Google logo

Google Inc (NASDAQ:GOOG) could settle the antitrust investigation of the competition regulators of the European Union after the search engine giant formally submitted a package of concessions to the European Commission.  Additionally, Google could settle the probe without paying any penalty, according to report from Reuters. The European Commission evaluated the initial proposals submitted by Google Inc (NASDAQ:GOOG) in January that would resolve the concerns of 12 competitors particularly Microsoft Corporation (NASDAQ:MSFT). The commission started its...
Read More »

Office Depot, OfficeMax Get FTC Request, Form CEO Search Committee

By
April 9, 2013
TEST6office depot office max

The Federal Trade Commission (FTC) issued a second request to Office Depot Inc (NYSE:ODP) and OfficeMax Inc (NYSE:OMX) in connection with the proposed merger of the companies. Under the Hart-Scott-Rodino Antitrust Improvements Act of 1976,  the waiting will be extended and the transaction will not be completed until 30 days after Office Depot Inc (NYSE:ODP) and OfficeMax Inc (NYSE:OMX) complies with the  all the information required by the FTC in the second request. The companies said...
Read More »

Herbalife Fires Back Saying Bill Ackman Should Be Investigated

By
March 13, 2013
TEST6herbalife

Herbalife Ltd. (NYSE:HLF) defended itself by saying that the Federal Trade Commission should investigate Bill Ackman, not the nutritional supplement maker. The company emailed a statement to the ValueWalk, saying that it regrets the National Consumers League’s plea to the Federal Trade Commission to investigate the MLM as a potential pyramid scheme. Earlier, hedge fund manager Bill Ackman applauded the consumer group’s plea for an investigation. Ackman has a $1 billion short position in Herbalife...
Read More »

Google Inc (GOOG) Donation Did Not Influence Decision Says FTC

By
March 1, 2013
TEST6Google logo

A donation made by Google Inc (NASDAQ:GOOG) to an event that honored FTC chairman Jan Leibowitz had no bearing on the decision made by the regulator in an anti trust case, according to a statement today. It was reported yesterday that Google had used some of its cash reserves to honor the regulator’s chairman. Google Inc (NASDAQ:GOOG) donated $25,000 to a Common Sense Media event that honored the Federal Trade Commission’s chairman among others....
Read More »

Carl Icahn Bloomberg Interview Regarding Herbalife [TRANSCRIPT]

By
February 28, 2013
TEST6Herbalife

Carl Icahn spoke with Trish Regan on Bloomberg Television today and said that he is “excited” about the agreement with Herbalife Ltd. (NYSE:HLF) to add two of his nominees to Herbalife’s board. Carl Icahn said, “We have a good rapport with them…We like them.” On Bill Ackman, Icahn said “If you look at his record lately, he has made a few very big mistakes. I am not going to say just this one…I look...
Read More »

FTC Consumer Credit Report Overblown: Evercore

By
February 11, 2013
TEST6FTC

The FTC released a report today, which showed errors with millions of consumer credit reports. The FTC report states that 25% of all US consumers have credit reports containing “potentially material errors”. On the surface, the FTC document seems to reveal some extremely serious problems as millions of consumers are impacted. However, others think the issue is moot. After reviewing the 370 page FTC study on consumer credit reporting released this morning, analysts at...
Read More »

Herbalife Stock Recovers As Company Denies FTC Probe

By
February 4, 2013
TEST6Herbalife

Herbalife Ltd. (NYSE:HLF) was said to be the subject of a Federal Trade Commission probe, according to an article in the New York Post this morning. The company has been quick to react, putting out a press release denying knowledge of any such probe, and demanding a retraction from the newspaper. The company’s share price recovered throughout the day, after opening at $31.59, its lowest level since last December. Today’s trading exemplifies the anxiety...
Read More »

FTC Urges Apple, Google & Others To Improve Mobile Privacy Disclosures

By
February 1, 2013
TEST6FTC logo

The Federal Trade Commission shared a report on Friday, which urged tech companies like Apple Inc. (NASDAQ:AAPL), Google Inc (NASDAQ:GOOG), BlackBerry, Microsoft Corporation (NASDAQ:MSFT), and application developers to improve their mobile privacy disclosures. In the report, they gave recommendations on how these companies can improve their privacy disclosures to better inform consumers who use such services. Their recommendations include updating the online child privacy law, where it would mandate parental consent for kids under...
Read More »

FTC Chairman Jon Leibowitz Steps Down

By
February 1, 2013
TEST6FTC logo

Jon Leibowitz announced his plans to step down from his position as Chairman of the federal Trade Commission (FTC). He announced his resignation after supervising both the investigation and settlement of Google’s antitrust probe. As per the announcement, Leibowitz is planning to leave his position in mid-February, according to the New York Times. “I felt like this was a good time to leave because we got through a number of things that I wanted...
Read More »

Herbalife Conference Satisfies BAML Analysts

By
January 11, 2013
TEST6Herbalife

Herbalife held an investor conference yesterday in an attempt to refute charges by short seller Bill Ackman. The conference did little to convince the market to buy Herbalife Ltd. (NYSE:LTD); after climbing during the conference, shares finished down 1.78%. Many sell side analysts attended the event. No sell side analysts have a sell on the stock (see here for the reason), but it is nonetheless interesting to see how they viewed the event. If...
Read More »

Facebook’s ‘Self Regulation’ Could Cause FTC To Act

By
January 8, 2013
TEST6Facebook

Facebook Inc (NASDAQ:FB), which began displaying mobile ads in March 2012, is expected to face consumer privacy hurdles with its Ad network. Analysts believe that so long as Facebook Inc (NASDAQ:FB) continues its deviation of the market’s self-regulatory privacy terms to make its own ad privacy approach a success, the social media giant will continue to lose the confidence of advertisers to post ads on Facebook. The self-regulatory privacy program, administered by the Digital Advertising Alliance, is reported...
Read More »