The Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter said Wednesday. The probe was approved by FTC Chair Lina Khan ahead of her likely departure in January. The election of Donald Trump as U.S. president and the expectation he … Read more
On September 2, Congress leader Pawan Khera attacked Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch over irregularities and alleged that she was drawing salary from not just the government but also private banks ICICI Bank and ICICI Prudential. In a press conference, he further alleged that several probes on ICICI Bank … Read more
Federal Deposit Insurance Corp Chair Martin Gruenberg announced his resignation on Monday, finally succumbing to a months-long scandal over sexual harassment and other misconduct at the top bank regulator. Gruenberg said he would step down from his responsibilities once a successor is confirmed. The White House will nominate a replacement for Gruenberg, White House deputy … Read more
The 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 matter. The FTC … Read more
