August 3, 2010 |
Intel Corp., the world's largest computer chip maker, has agreed to settle its antitrust case with the Federal Trade Commission, the agency said Tuesday. The FTC issued a statement announcing that details of the settlement would be disclosed Wednesday at a news conference. The FTC had sued in December, accusing Santa Clara, Calif.-based Intel of illegally using its dominance for a decade to block customers from buying competitors' products. The agency said Intel forced computer makers into exclusive deals and blocked rivals from making their chips work with Intel's.
June 10, 2010 |
U-Haul International Inc. has settled charges that it tried to fix truck rental prices with rival Avis Budget Group Inc., the Federal Trade Commission said Wednesday. U-Haul, which is owned by Amerco, had publicly and privately reached out to Budget several times from 2006 to 2008 to try to push up rates for one-way truck rentals, the FTC said. The FTC said U-Haul Chief Executive Edward Shoen learned in 2006 that Budget was pushing down some rental rates, prompting him to try to collude with rivals on prices.
February 19, 2010 |
Bruce Springsteen fans who bought seats for a hugely popular "Working on a Dream" concert last year were sold "phantom tickets" that Live Nation Entertainment Inc.'s Ticketmaster unit didn't have in hand, according to the Federal Trade Commission. The federal agency, which had accused the company of "deceptive bait-and-switch tactics," Thursday denounced the practice, which left hundreds of would-be concertgoers without tickets they thought they had legitimately purchased on Ticketmaster's TicketsNow resale site.
January 10, 2010 |
For mortgage applicants and home buyers, it's been a six-year wait, but the Federal Trade Commission and the Federal Reserve finally have come out with consumer credit protection rules first required by Congress in 2003. In late December, the two agencies published regulations designed to safeguard loan applicants from overcharges on interest rates caused by erroneous or outdated negative information in their national credit bureau files. The rules require lenders to alert consumers when derogatory credit data cause them to be charged higher rates and down payments or receive less than optimal terms on a "risk-based pricing" system.
January 7, 2010 |
The Department of Justice, in a major antitrust review for the Obama administration, will join the Federal Communications Commission in reviewing Comcast Corp.'s deal to take control of General Electric Co.'s NBC Universal. The decision settles a tug of war between the department and the Federal Trade Commission, each of which sought to weigh in on the $30-billion deal announced in December. But other recent big media mergers have been swung to Justice Department lawyers, so the decision did not come as a surprise to regulatory insiders.
December 17, 2009 |
Federal regulators on Wednesday accused Intel Corp. of abusing its market dominance to stifle competition in a lawsuit that, instead of seeking monetary damages, would impose more painful, fundamental changes on the way the world's leading computer chip maker does business. The suit by the Federal Trade Commission reaches further than any of the other regulatory cases brought in recent years against Intel, which commands about 81% of the world's market for central processing units, the brains of computers and other electronic gear.
July 3, 2009 |
Consumer groups petitioned the Federal Trade Commission on Thursday to require that Chrysler vehicles display stickers warning prospective buyers of liability risks. The request comes after Chrysler successfully shed its obligation for past and future product liability claims on vehicles manufactured before May 30, when most of the company's assets were sold to a new company run by the Italian automaker Fiat.
May 25, 2009 |
The despised robocall companies that send out illegal recorded calls nationwide to try and get people to buy car warranties or apply for credit cards are among the most secretive operations outside the CIA. Employees are told they can be fired merely for mentioning the name of their employer. But court documents filed this month in a Federal Trade Commission case against a Florida company -- Transcontinental Warranty Inc.
May 21, 2009 |
As part of a sweeping nationwide crackdown on "fake charities," the Federal Trade Commission and state officials took actions that forced dozens of groups to shut down or stop making false appeals in the name of police, firefighters and veterans. Among the groups singled out by the FTC as sham nonprofit organizations were three fundraising groups from Santa Ana. The government said the groups raised $19 million from 2005 to 2008 but turned over only 5% of the money to legitimate charities.
May 8, 2009 |
Google Inc. acknowledged Thursday that the Federal Trade Commission was making antitrust inquiries into ties between the search giant and Apple Inc., which are increasingly competing in areas such as mobile phones. But Google Chief Executive Eric Schmidt said that relinquishing his seat on the Apple board of directors "hasn't crossed my mind." "I don't think Google sees Apple as a primary competitor," Schmidt told reporters before the company's annual shareholder meeting in Mountain View.