The Federal Trade Commission on Friday approved separate consent orders resolving antitrust concerns over two multibillion-dollar oil deals: Exxon Mobil’s purchase of Pioneer Natural Resources and Chevron’s acquisition of Hess.
The commission alleges that the retailer, whose name was redacted in the statement from commissioners, received “unfair pricing advantages” that were not made available to others.
The ruling, which went into effect this week, requires businesses to make canceling a subscription as easy as signing up for it in the first place.
Major retailers can tailor prices based on customer data including location, demographics or shopping history, the US Federal Trade Commission said in initial study findings, raising concerns about the use of what they termed “surveillance pricing.
General Motors – once a trusted symbol of American innovation – was outed last year for secretly collecting and selling drivers' detailed driving information without their consent, with its OnStar Smart Driver technology.
The FTC’s suit is the latest move in a long-running fight between Deere, farmers, and legislators. A 2017 Vice documentary showed that Nebraska farmers had turned to using pirated software from Eastern Europe to get around software locks on hardware.
US FTC, Colorado Sue Property Firm Greystar
After years of complaints about “unlawful” repairability policies, the FTC is suing tractor manufacturer Deere & Company. Repairability advocates are calling it a milestone for consumer rights.
From 2017 to 2022, the companies marked up prices at their pharmacies by hundreds or thousands of percent, netting them $7.3 billion in revenue.
(Reuters) - The U.S. Federal Trade Commision (FTC) said on Friday it had approved a consent order to resolve antitrust issues concerning Chevron's $53 billion takeover of Hess.
A lawsuit filed by the Federal Trade Commission alleges that food and beverage maker PepsiCo engaged in illegal price discrimination by giving unfair price advantages to one big-box retailer.