FTC

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Countrywide settles FTC charges for $108 million

Countrywide Financial Corp, the mortgage lender that became synonymous with risky lending practices, has agreed to pay $108 million to settle government charges that two Countrywide mortgage servicing companies misled and overcharged consumers.

Lawmakers ask FTC to look into Google Wi-Fi data

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Two lawmakers who co-chair the House Privacy Caucus asked the Federal Trade Commission if Google broke the law in collecting WiFi and other Internet data while taking photographs for its Street View product.

Pru gets South Korea anti-trust nod for AIA deal: FTC

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Britain's Prudential Plc has secured South Korean anti-trust approval for its planned $35.5 billion takeover of American International Group Inc's Asian life insurance business, a Korean Fair Trade Commission official said. told Reuters on Thursday.
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Prudential gets Korea anti-trust nod for AIA deal: FTC

Prudential Plc has secured South Korean anti-trust approval for its planned $35.5 billion takeover of American International Group Inc's Asian life insurance business, a Korean Fair Trade Commission official told Reuters on Thursday.
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Green Mountain withdraws Diedrich filing with US FTC

Green Mountain Coffee Roasters Inc (GMCR.O) voluntarily withdrew its filing with the antitrust division of the Federal Trade Commission regarding its purchase of Diedrich Coffee Inc (DDRX.O) after consultation with the regulator.
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Google says AdMob deal gets FTC review

Google Inc (GOOG.O) said its $750 million purchase of AdMob won't close right away as antitrust regulators seek more information about its competitive impact on the nascent mobile advertising market.
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FTC sues Intel for abusing market dominance

The U.S. government accused Intel Corp of illegally using its market dominance to stifle competition, in a lawsuit that seeks to stop the marketing practices that have helped maintain Intel's status as the world's biggest chip maker.
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FTC sues chip giant Intel

The U.S. government filed suit against Intel Corp on Wednesday, alleging that the chip giant illegally used its dominance of the market for a decade to stifle competition and strengthen its monopoly.
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FTC urges privacy policy for Google books

Google Inc should develop a privacy policy for its plan to digitize millions of books that limits use of consumer data, the Federal Trade Commission said in a letter to the company.
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FTC cracks down on oil market manipulation

Energy traders and companies will face fines of up to $1 million a day if they manipulate oil markets, the Federal Trade Commission ruled on Thursday in a crackdown on fraud that they said causes widespread damage to the U.S. economy.
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FTC issues rule to fight oil market manipulation

The U.S. Federal Trade Commission on Thursday issued a final rule to fight oil market manipulation, saying such fraudulent conduct can have wide-ranging ramifications throughout the U.S. economy.
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Mid-Day Minute - August 4 Tech

The resignation of Google's chief executive Eric Schmidt from Apple's board of directors may not be enough to satisfy the Federal Trade Commission, which plans to continue its ongoing investigation into the close relationship between the two tech giants.
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Daily wrap up - August 3 - Tech

The U.S. Federal Trade Commission said it will continue to investigate the relationship between the boards of Apple Inc and Google Inc, after Google's chief quit Apple's board on Monday
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FTC to press on with Apple-Google board probe

The U.S. Federal Trade Commission said it will continue to investigate the relationship between the boards of Apple Inc and Google Inc, after Google's chief quit Apple's board on Monday.
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Drug deals cost U.S. consumers $3.5 bln a year: FTC

Consumers, insurance companies and the federal government spend an extra $3.5 billion for prescription drugs every year because brand-name companies pay generic producers to stay out of the market, the head of the U.S. Federal Trade Commission said on Tuesday.
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U.S. charges FTC Capital executives for fraud

U.S. investigators criminally charged two executives of FTC Capital Markets Inc in a suspected investment fraud possibly involving hundreds of millions of dollars, according to a court document released on Wednesday.
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U.S. investigators probe FTC Capital for fraud

U.S. investigators searched the New York offices of FTC Capital Markets Inc for evidence in a suspected investment fraud possibly involving hundreds of millions of dollars, a source familiar with the probe said on Wednesday.
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FTC looks at Google-Apple board ties: report

The U.S. Federal Trade Commission has launched an inquiry into whether the ties between the boards of Apple Inc and Google Inc violate antitrust laws, the New York Times reported on Monday.

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