Sprint and T-Mobile nearing merger agreement

T-Mobile and Sprint, respectively the third and fourth largest wireless carriers in the U.S., are nearing a merger agreement, undisclosed sources told Reuters Friday. A due diligence period would follow the finalization of the agreement’s terms, but the companies expect a deal by October, according to Reuters’ source. In August, Reuters says, Sprint CEO Marcelo Claure […]
  • 10 Months ago

Walgreens to revise proposal to buy over 2,000 Rite Aid stores

In yet another effort to appease the Federal Trade Commission (FTC), U.S. pharmacy chain Walgreens will likely revise its June proposal to acquire 2,186 individual Rite Aid stores for $5.18 billion, sources told Bloomberg Monday. Walgreens’ announcement could come early this week, the sources said. The two chains have been pursuing a deal for almost […]
  • 10 Months ago

FTC approves Amazon’s acquisition of Whole Foods

Wednesday, the Federal Trade Commission (FTC) signed off on Amazon’s purchase of Whole Foods, The Washington Post reports. The $13.7 billion deal, which Amazon announced in June, is scheduled to take effect by the end of the year. The FTC said in a statement that it had examined the “proposed acquisition to determine whether it […]
  • 11 Months ago

Uber settles with FTC, agrees to 20-years of audits

Uber capitulated to a settlement with the Federal Trade Commission (FTC) early this week, agreeing to submit to two decades worth of audits. The San Francisco-based company will need to implement a privacy program and submit to audits every 2 years for the next 20 years, reports ET Tech. The settlement follows an intense probe […]
  • 11 Months ago

FTC Looks Into Price Deception Allegations Against Amazon

As the FTC investigates Amazon’s pending purchase of Whole Foods for antitrust violations, advocacy group Consumer Watchdog has lodged charges that the eCommerce giant has been misrepresenting list prices so as to make discounts look larger, Diane Bartz of Reuters reports. The FTC, which investigates deceptive advertising as well as antitrust compliance, has yet to […]
  • 12 Months ago

A New Phone Scam Wants to know: Can You Hear Me?

Phone scams are age old and have claimed many victims over the years. A new scam, however, is using your just one word to make you a victim. Recently, the “Can you hear me” phone scam has begun to grow. When you answer the phone, the automation on the other end goes through an introduction […]
  • 1 year ago

Walgreens Hits Wall With Rite Aid Merger

Walgreens’ acquisition of Rite Aid doesn’t seem to be going according to plan. Walgreens has yet to gain U.S. antitrust clearance from Federal Trade Commission (FTC) officials. The FTC’s lawyers don’t seem too convinced of the Walgreens’ idea to sell 865 of its stores to Fred’s then take over Rite Aid. The hesitation on the […]
  • 1 year ago

Uber Pays More Than $20 Million In Settlement with FTC

The Federal Trade Commission brought charges to Uber on behalf of the drivers who claimed to have been misled about how much money they could expect to make and how much it would cost to buy or lease a car through the company. The ride-sharing company agreed to settle these claims for $20 million. The […]
  • 1 year ago

FTC Chairwoman Announces She Will Step Down

After three years as the Federal Trade Commission Chairwoman (FTC), Edith Ramirez is now stepping down. This week she announced she will finish out her time until President-elect Donald Trump takes his seat in the White House. Ramirez gained the FTC a reputation during her time in Washington. Most know the FTC as technology regulators. […]
  • 2 Years ago
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