Federal Trade Commission

General Motors Co. (NYSE:GM) agreed to pay $12.75 million in civil penalties on Friday to settle allegations that the automaker had illegally sold OnStar driver data to brokers without customer consent, California Attorney General Rob Bonta said. We've secured a $12.75 million settlement against...

The Federal Trade Commission (FTC) has granted Tesla (NASDAQ:TSLA) approval to convert its investment in xAI into a stake in SpaceX, according to a recent filing. • Tesla shares are consolidating. What’s the outlook for TSLA shares? The filings also indicated that Musk, who is the CEO...

Andrew Ferguson, the Federal Trade Commission (FTC) Chairman, has written a letter to Apple Inc. (NASDAQ:AAPL) CEO Tim Cook expressing concerns about alleged political bias in the company’s news service. FTC Chairman Flags Political Bias in Apple News In a letter...

An elderly couple was swindled out of their $1.3 million retirement fund by scammers pretending to be representatives from the Federal Trade Commission (FTC). The elaborate scam involved Bitcoin ATMs and gold bullion transactions. Barbara and Larry Cook were approached by fraudsters in...

The Federal Trade Commission (FTC) on Wednesday moved to block medical device supplier Edwards Lifesciences Corp.'s (NYSE:EW) proposed acquisition of JenaValve Technology, Inc. What Happened: "Edwards' attempt to buy the U.S. market for TAVR-AR devices would eliminate the head-to-head competition...

The Federal Trade Commission has launched an investigation into Media Matters for America, escalating scrutiny over alleged coordination with watchdog groups to orchestrate advertiser boycotts against Elon Musk's social platform, X.What Happened: The FTC issued a civil investigative demand seeking...

The Federal Trade Commission voted 3-0 on Thursday to dismiss a lawsuit against PepsiCo Inc. (NASDAQ:PEP) that accused the beverage giant of offering preferential pricing to major retailers, marking a significant shift from former President Joe Biden-era corporate scrutiny under the President...

An antitrust trial against Meta Platforms (NASDAQ:META) has put the company's segments, such as Instagram and WhatsApp, into the spotlight, as the company could be forced to divest these units. A Benzinga reader poll shows a potential break-up could be a value unlock for Meta Platforms as they...

Live Nation Entertainment Inc (NYSE:LYV) shares turned lower after the market close on Monday following reports that President Donald Trump is preparing to sign an executive order to stop ticket scalping. What Happened: CNBC reported Monday on “Closing Bell: Overtime” that Trump is set...

The Federal Trade Commission on Wednesday requested a delay in its trial against Amazon.com, Inc. (NASDAQ:AMZN), citing resource constraints due to recent cuts by the Department of Government Efficiency. Later in the day, the FTC reversed its stance and said it would meet the schedule set by the...

Federal Trade Commission (FTC) Chairman Andrew Ferguson reportedly acknowledged staff anxiety about returning to work at the office full-time on Friday but said the pandemic is now over. What Happened: Ferguson told Reuters that the Covid pandemic is long over and workers need to be at their desks...

Cathie Wood, the founder of Ark Investment Management LLC, predicts a surge in mergers and acquisitions after President-elect Donald Trump defeats Vice President Kamala Harris in the 2024 election. What Happened: “M&A has been prevented by the FTC. That is going to change,” Wood,...

Food delivery platform Grubhub must pay $25 million and make substantial operational changes following a settlement with the Federal Trade Commission and Illinois Attorney General Kwame Raoul over allegations of deceptive business practices, officials announced Tuesday. What Happened: The...

Kroger Co (NYSE:KR) and Albertsons Companies Inc (NYSE:ACI) will remain competitors after a U.S. judge blocked the companies’ proposed merger. It didn’t take long for them to start acting like it again. What Happened: Albertsons announced the termination of its proposed merger with...

Microsoft Corp. (NASDAQ:MSFT) is confronting a federal investigation that could reshape the technology industry’s competitive landscape, with regulators examining the company’s potentially anticompetitive practices in cloud computing and artificial intelligence markets. What Happened:...