WASHINGTON (Reuters) – Nine auto dealerships in six states have agreed to stop what the U.S. government called deceptive advertising, and the Federal Trade Commission said on Thursday it would litigate against another as part of an effort to convince dealers to make sure their advertising is accurate.
The dealers who settled with the commission were accused of behaviors that included advertising car prices that were $5,000 higher than real prices, advertising zero-dollar-down leases when there were actually substantial upfront fees, and advertising low interest rates when in fact rates went up shortly after a loan agreement was signed.
WASHINGTON (Reuters) – Americans putting their faith in miracle cures to shed unwanted pounds are likely to be disappointed, U.S. regulators said on Tuesday in announcing settlements with four firms accused of falsely advertising weight-loss products such as skin creams.
The Federal Trade Commission won agreements from L’Occitane, Inc.; Sensa Products LLC; HCG Diet Direct LLC; and LeanSpa LLC. The settlements required them to drop unsubstantiated claims from their ads and, in some cases, return money to consumers.
WASHINGTON (Reuters) – Americans putting their faith in so-called miracle cures to shed unwanted pounds are bound to be disappointed, U.S. regulators said on Tuesday in announcing settlements with four companies accused of deceptively advertising such weight-loss products.
The Federal Trade Commission won agreements from L’Occitane, Inc.; Sensa Products LLC; HCG Diet Direct LLC; and Leanspa LLC. The settlements required them to drop unsubstantiated claims from their ads and, in some cases, to return money to consumers.
WASHINGTON, Dec 17 (Reuters) – U.S. senators discussed on
Tuesday whether a proposed bill aimed at reining in unnecessary
patent litigation could also hurt companies whose patents have
been genuinely infringed.
Sen. Patrick Leahy, chairman of the Judiciary Committee, has
sponsored legislation aimed at targeting aggressive “patent
assertion entities,” often known derisively as “patent trolls” -
companies that buy or license patents and then extract licensing
fees or file infringement lawsuits often viewed as frivolous.
WASHINGTON (Reuters) – Irish packaging company Ardagh Group SA ARDG.UL is in settlement talks aimed at saving a proposed $1.7 billion deal to buy the U.S. business of Saint-Gobain (SGOB.PA: Quote, Profile, Research, Stock Buzz) unit Verallia in time to meet a mid-January deadline, according to court documents.
The U.S. Federal Trade Commission has filed a complaint against Ardagh, saying the deal for Verallia North America, a rival glass bottle manufacturer, is illegal, but the two sides seem to be finding common ground.
WASHINGTON (Reuters) – Former Google Inc executive Michelle Lee has been named deputy director of the U.S. Patent and Trademark Office (USPTO) and will run the agency until a new director is named, the agency said on Wednesday.
Lee is a former deputy general counsel and head of patents and patent strategy at Google, the search engine giant.
ATLANTA/WASHINGTON (Reuters) – Southwest Airlines (LUV.N: Quote, Profile, Research, Stock Buzz) is purchasing 22 of the 34 takeoff and landing slots at New York’s LaGuardia Airport that American Airlines (AAMRQ.PK: Quote, Profile, Research, Stock Buzz) has given up in return for government approval of its merger with US Airways Group Inc (LCC.N: Quote, Profile, Research, Stock Buzz).
Virgin America plans to buy the remaining 12.
US Airways and American agreed to give up dozens of airport slots to settle a lawsuit brought by the Department of Justice that sought to block the airlines from merging to create the world’s largest carrier.
WASHINGTON (Reuters) – Jostens, already a titan in the market for class rings and other academic mementos, has forged a deal to buy a top rival but U.S. antitrust regulators could frown on the agreement if they think it will raise prices for the already-costly keepsakes.
Minneapolis-based Jostens is owned by the private marketing and publishing services firm Visant Holding Corp but has roots going back more than a century. It agreed in mid-November to buy American Achievement Corp in a $486 million deal.
WASHINGTON, Dec 5 (Reuters) – The U.S. House of
Representatives on Thursday approved a bill aimed at reining in
“patent trolls,” companies that buy or license patents from
others, then extract licensing fees or file infringement
lawsuits viewed by many as frivolous.
The House passed the bill easily, by a vote of 325 to 91. A
Senate panel considering a similar measure has scheduled a
hearing on the issue on Dec. 17.
ATLANTA/WASHINGTON, Dec 4 (Reuters) – Southwest Airlines
and Virgin American will buy the take-off and landing
slots at New York’s LaGuardia Airport that US Airways Group Inc
and American Airlines must sell as part of their agreement to
merge, three sources said on Wednesday.
Last month, US Airways and American
agreed to divest 17 pairs of slots at LaGuardia, a busy airport
with limited capacity, as well as certain other assets, as part
of a settlement of an antitrust lawsuit by the U.S. Justice