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Federal Trade Commission

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Microsoft Activision Blizzard

Business & Lifestyle

Microsoft, Activision Blizzard deal on hold

SAN FRANCISCO -- A $69 billion deal by Microsoft to acquire Activision Blizzard is on hold...for now. According to MarketWatch, U.S. District Judge Edward Davila issued a temporary restraining order (TRO) in San Francisco over regulatory reasons. The approved request, which came from the Federal Trade Commission (FTC), was a "maintain the status quo" decision. An evidentiary hearing will be heard next week to determine whether there will be a preliminary injunction approval. With FTC approval, the deal would have […]

todayJune 13, 2023 12

Business & Lifestyle

Conservative media group, associates implicated as part of pink-slime journalism scheme

CHICAGO -- A Chicagoland "pink slime" journalism group may have likely been exposed by a university journalism organization. A recent study from Columbia Journalism School's Tow Center for Digital Journalism reveals that a West Central Illinois news source is a "pink slime" journalism source. This source is among 27 online and seven print publications in the state. However, it's part of a much larger media machine. An expose which was published over the weekend in the New York Times would […]

todayOctober 20, 2020 11

OfficeDepotMax Office Depot OfficeMax Support.com

Business & Lifestyle

OfficeDepotMax and Support.com to settle FTC allegations for $35 million for tricking customers into buying costly computer repair services

WASHINGTON (Heartland Newsfeed) -- OfficeDepotMax and a California-based technical support software provider have agreed to settle allegations made by the Federal Trade Commission, citing the companies tricked Office Depot customers into buying millions of dollars' worth of computer repair and technical support services by deceptively claiming their software had found malware on customer computers. The parties agreed to pay a total of $35 million in the settlement. As part of these settlements, OfficeDepotMax has agreed to pay $25 million while […]

todayMarch 29, 2019 7

SoFi

Business & Lifestyle

Student loan servicer SoFi settles charges with FTC, agrees to end false claims about loan refinance savings

Online student loan refinancer SoFi has agreed to stop misrepresenting how much money student loan borrowers have saved or will save from refinancing their loans with the company, in order to settle Federal Trade Commission charges that it deceptively advertised inflated figures for more than two years. In a complaint against Social Finance, Inc. and subsidiary SoFi Lending Corp., the FTC alleged that since at least April 2016, they made prominent false statements about loan refinancing savings in television, print, […]

todayJanuary 21, 2019 3

MoneyGram money save saving savings business financial financially

Business & Lifestyle

FTC orders MoneyGram to pay $125M in settlement

DALLAS (UPI) -- MoneyGram International agreed Thursday to pay $125 million to settle claims it failed to prevent fraudulent money transfers. That settlement amount is part of the company's 2012 deferred prosecution agreement with the Department of Justice and an order from the Federal Trade Commission. In 2012, MoneyGram, the Justice Department said, failed to live up to a deferred prosecution agreement requiring the Dallas-based global money services business to to provide adequate anti-fraud and anti-money laundering programs. The 2012 […]

todayNovember 8, 2018 3

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