WASHINGTON, Sept 29 (Reuters) – Bras, girdles and leggings
infused with caffeine and sold as weight loss aids were more
decaf than espresso, and the companies that sold them have
agreed to refund money to customers and pull their ads, U.S.
regulators said on Monday.
The Federal Trade Commission said Wacoal America and Norm
Thompson Outfitters, which owns Sahalie and others, were accused
of deceptive advertising that claimed their caffeine-impregnated
clothing would cause the wearer to lose weight and have less
WASHINGTON (Reuters) – State attorneys general working to determine whether Comcast Corp’s deal to buy Time Warner Cable Inc is legal have expanded their investigation to include AT&T Inc’s plans to buy DirecTV, according to sources close to the merger probe.
Some two dozen states were already coordinating with the U.S. Justice Department to interview critics and proponents of the Comcast merger, which some lawmakers and public interest groups fear will result in higher costs and less competition.
WASHINGTON (Reuters) – A top U.S. antitrust enforcer expressed concern on Wednesday about China’s enforcement of its antitrust law after Beijing opened a probe into Qualcomm Inc for allegedly abusing its market position.
China’s National Development and Reform Commission (NDRC), which is among the agencies that enforce antitrust law, said in February that the U.S. chipmaker was suspected of overcharging and abusing its market position in wireless communication standards. The allegations could mean fines of more than $1 billion.
WASHINGTON (Reuters) – European Union regulators will not finish a four-year investigation into Google by the end of October, the bloc’s outgoing antitrust chief said on Wednesday.
European Competition Commissioner Joaquin Almunia said this week he would extract more concessions from the world’s most popular Internet search engine after extremely negative feedback from rivals such as Microsoft to Google’s third proposal to end the EU probe.
WASHINGTON (Reuters) – The U.S. Federal Trade Commission on Monday sued Drugmakers AbbVie Inc and Teva Pharmaceuticals Industries Ltd for allegedly illegally preventing generic versions of AndroGel, for men with low testosterone, from getting to market.
The FTC, which says AndroGel users paid hundreds of millions of dollars more than necessary because of the companies’ actions, asked the U.S. District Court for the Eastern District of Pennsylvania to order AbbVie to refund users that money.
SAN FRANCISCO/WASHINGTON (Reuters) – Nvidia Corp has sued rival chipmakers Qualcomm and Samsung Electronics, accusing both companies of infringing its patents on graphics processing technology.
The U.S. chipmaker vies with Qualcomm in the business of providing chips for smartphones and tablets. It said on Thursday that Qualcomm and Samsung had used Nvidia’s patented technologies without a license in Samsung’s mobile devices, including the just-launched Galaxy Note 4 and Galaxy Note Edge.
WASHINGTON (Reuters) – Google Inc has agreed to refund at least $19 million to settle charges that it unfairly billed parents for purchases that their children made while playing video games such as Ice Age Village and Air Penguins on mobile devices.
Children sometimes put hundreds of dollars on their parents’ credit cards without permission, the U.S. Federal Trade Commission said on Thursday in announcing the settlement.
WASHINGTON, Aug 29 (Reuters) – The White House has named a
Washington lawyer as the next head of intellectual property
enforcement, a position that has been vacant for a year.
Danny Marti, a managing partner at the law firm Kilpatrick
Townsend and Stockton LLP, was named by the White House in a
statement late Thursday. The Senate must confirm Marti before he
can begin work.
WASHINGTON (Reuters) – Tyson Foods Inc (TSN.N: Quote, Profile, Research, Stock Buzz), the largest U.S. meat processor, on Wednesday won U.S. antitrust approval for its $8.5 billion purchase of Hillshire Brands Co (HSH.N: Quote, Profile, Research, Stock Buzz).
To win approval for the merger, the companies agreed to sell Heinold Hog Markets, the U.S. Department of Justice said. The attorneys general of Iowa, Illinois and Missouri, all big hog-producing states, joined the settlement.
WASHINGTON (Reuters) – Tyson Foods Inc, the largest U.S. meat processor, on Wednesday won U.S. antitrust approval for its purchase of Hillshire Brands Co.
Tyson’s share price moved up sharply on the news, rising as much as 2 percent from the day’s opening price and closing at $37.71, up 1.5 percent. Hillshire closed near steady at $62.96.