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The Latest Breaking News from Federal Trade Commission

US sues to block Microsoft's takeover of Activision in blow to big tech

The US Federal Trade Commission has filed a formal complaint to stop Microsoft's $69 billion dollar acquisition of video game studio Activision. Also in the show: China and Saudi Arabia sign $30 billion in new contracts, and we see how Italy's pasta sector is under strain from high energy prices.

France 24

FTC sues to block the $69 billion Microsoft-Activision Blizzard merger

The Federal Trade Commission said Microsoft's planned takeover of the video game company could suppress competitors to Microsoft's Xbox game consoles and its growing games subscription business.

WEKU

Crypto pressure ratchets up as FTC probes several firms over ads

The US Federal Trade Commission is probing several crypto firms over allegations their advertisements were deceptive or misleading, the agency said Monday.

Tribune News Service

From analysis to the latest developments in health,
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The Daily Brew, December 2: An initiative in Nevada would let municipalities opt-out of county-based school districts

Welcome to the Friday, December 2, Brew.

Ballotpedia

Checks and Balances November 2022

The Checks and Balances Letter delivers news and information from Ballotpedia’s Administrative State Project, including pivotal actions at the federal and state levels related to the separation of powers, due process, and the rule of law.

Ballotpedia

Commentary: Grocery store monopolies are bad news for shoppers

American families are heading into the end-of-year holidays facing sticker shock in the grocery aisles. Prices have jumped 13% over the past year, with even larger increases for staples like eggs, chicken and pork. Although inflation decreased slightly in October, it remains a top concern in public opinion polls for…

Tribune News Service

Split-ticket voting for U.S. Senate and governor

Welcome to the Monday, November 14, Brew.

Ballotpedia

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Supreme Court signals it may allow court challenges to SEC, FTC

The U.S. Supreme Court signaled it may open a new avenue for companies and people to fight off complaints by the Securities and Exchange Commission and Federal Trade Commission, hearing arguments in cases that could undercut the clout of two powerful market regulators.

Tribune News Service

Robe & Gavel November 7, 2022: Federal Judicial Vacancy Count released for Nov. 1

Welcome to the Nov. 7 edition of Robe & Gavel, Ballotpedia’s newsletter about the Supreme Court of the United States (SCOTUS) and other judicial happenings around the U.S.

Ballotpedia

Report: Commanders Face Criminal Probe Into Alleged Financial Offenses

The inquiry reportedly stemmed from a congressional committee’s letter to the Federal Trade Commission.

Sports Illustrated

Are you the victim of identity theft? Here's what to do

My identity was stolen. It was a nightmare. And it could happen to you.

Los Angeles Times

California attorney general demands Albertsons delay $4 billion dividend ahead of possible Kroger merger

California Attorney General Rob Bonta and his peers in several other states demanded Wednesday that Albertsons Cos. delay paying a $4-billion dividend to investors until after the company's merger with rival supermarket chain Kroger Co. is reviewed by the Federal Trade Commission.

Los Angeles Times

A $4 billion payout: In Albertsons' sale, where is the grocery workers' cut?

If the Federal Trade Commission clears grocery giant Albertsons' $20 billion sale to Kroger on schedule next month, the private-equity investors who control this collection of U.S. grocery and drug store chains will have squeezed out profits nine times larger than what they invested since 2006.

The Philadelphia Inquirer

Checks and Balances, October 2022: Biden administration codifies DACA

Ballotpedia

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news in one place.

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Tribune News Service

Ex-Uber chief security officer pleads guilty to covering up 2016 data breach

SAN FRANCISCO – The ex-chief security officer of Uber Technologies Inc. has been convicted of covering up a 2016 data breach involving 57 million of the San Francisco-based ride-hailing company’s users, according to the U.S. Attorney’s Office.

The Independent UK

Uber’s former security chief covered up enormous hack he said ‘did not exist’

‘The story outside of the security group was to be that “this investigation does not exist”’, Joseph Sullivan told subordinates

McClatchy Washington Bureau

Facing federal PPP fraud investigations, online lender Kabbage files for bankruptcy

Online lender Kabbage was one of the biggest lenders in the first year of the Paycheck Protection Program, processing more than $7 billion in loans.

The Independent UK

Senators push to reform police's cellphone tracking tools

Civil rights lawyers and Democratic senators are pushing for legislation that would limit U.S. law enforcement agencies’ ability to buy cellphone tracking tools to follow people’s whereabouts, including back years in time, and sometimes without a search warrant

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The Independent UK

FTC reviewing Amazon's $1.7 billion deal to buy iRobot

The Federal Trade Commission is investigating Amazon’s $1.7 billion acquisition of iRobot

Reason

The Federal Trade Commission vs. the Internet

Data collection is not the same as surveillance.

WEKU

Credit Karma will pay $3 million to users targeted with false preapproved offers

The FTC order came after nearly a third of Credit Karma users who were told they qualified for preapproved credit card offers were actually turned down, wasting their time and hurting credit scores.

The Independent UK

FTC investigating Amazon's $3.9B purchase of One Medical

The Federal Trade Commission is investigating Amazon’s $3.9 billion acquisition of the primary health organization One Medical, a move that could delay the completion of the deal

The Conversation

FTC lawsuit spotlights a major privacy risk: From call records to sensors, your phone reveals more about you than you think

The Federal Trade Commission filed suit against Kochava Inc. on Aug. 29, 2022, accusing the data broker of selling geolocation data from hundreds of millions of mobile devices. Consumers are often unaware that their location data is being sold and that their past movements can be tracked, according to the…

The Independent UK

Walmart seeks to dismiss lawsuit by FTC over money transfers

Walmart has filed a motion to dismiss a lawsuit by the Federal Trade Commission that accuses the retailer of allowing its money-transfer services to be used by scam artists

The Guardian - UK

Twitter’s whistleblower has pitched up at a very inconvenient moment

A long and detailed complaint about lax practices by the social media firm’s former security chief must be music to Elon Musk’s ears

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