The U.S. Chamber of Commerce, the country’s largest business lobby, filed a lawsuit on Wednesday seeking to strike down a federal agency’s near-total ban on employers requiring workers to sign agreements not to join rivals or launch competing businesses. The Chamber’s lawsuit in federal court in Tyler, Texas, alleges that the U.S. Federal Trade Commission … Read more
In 2023, the Federal Trade Commission (FTC) took a strong position on noncompete clauses with a proposed rule that would outright ban employers from using them in employment contracts. After a lengthy period of soliciting and reviewing feedback—which yielded more than 26,000 public comments—the FTC finally voted in favor of its final rule today, which … Read more
The Federal Trade Commission said Monday it was suing to block Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri, saying it would eliminate competition. This comes at a time when several US lawmakers have sought increased scrutiny from the FTC of several multi-billion dollar deals that might risk higher prices and affect consumers. US … Read more
The US Federal Trade Commission could resolve its investigation into Chinese-owned short video app TikTok over allegedly faulty privacy and data security practices by either filing suit or reaching a settlement in the coming weeks, a source told Reuters. Politico earlier reported the potential FTC action on Tuesday citing people with direct knowledge of the … Read more
Your car insurance provider apparently knows much more about you than you might think — and it’s using that information to inform your rates. According to a new report from the New York Times, new cars with internet-enabled features are tracking your driving habits, and that data is being shared with data brokers who then … Read more
Iâm not one for conspiracy theories. In fact, I shoot them down all the time when Iâm bombarded with claims that sinister forces on Wall Street are conspiring to screw small investors. Such ârip-offsâ are easily explained away with logic and a modest understanding of how markets work. One such theory making the rounds deserves … Read more
Avast You’d think that few types of software are as trustworthy as some of the best antivirus programs, but it turns out that perceptions can be deceiving. Avast, one of the most recognizable antivirus solutions for PCs, was found to be secretly collecting and selling user data to third-party corporations for a period of six … Read more
The FTC orders will allow the agency to scrutinise the inner workings of deals between Microsoft, Google and Amazon and AI providers to help the antitrust and consumer protection agency understand how these deals have affected competition. 03:08 What if robots took over the world? One ‘imagines’ nightmare scenario What if robots took over the … Read more
Emails obtained by The Post reveal Federal Trade Commission nominee Melissa Holyoak’s chummy rapport with ex-colleagues at a Google-funded think tank – including one who wrote of the FTC that “burning it to the ground is too good for it.” Holyoak, the Republican solicitor general of Utah, previously spent five years as an attorney for … Read more
Amazon asked a federal court on Friday to dismiss a US government antitrust lawsuit which accuses the company of using illegal strategies to boost profits at its online retail empire, including an algorithm that allegedly pushed up prices by more than $1 billion. In its motion to dismiss, Amazon said the Federal Trade Commission, in a lawsuit filed in September, confused … Read more
