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This Day In Market History: The Department Of Commerce And Labor Is Born
Monday, February 14, 2022 - 10:19am | 284Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened: On Feb. 14, 1903, under the Roosevelt administration, Congress established the U.S. Department of Commerce and Labor. Where The Market Was: The S&P 500 had started the...
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FTC Seeks Answers From Amazon, Walmart And 7 Other Companies On Supply Chain Disruptions
Tuesday, November 30, 2021 - 11:46am | 464The Federal Trade Commission (FTC) is calling on nine major retailers, wholesalers and consumer good suppliers for information on the depth and scope of supply chain disruptions and their impact on consumers and the wider economy. What Happened: The FTC’s order comes under Section 6(b) of the...
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Stock Wars: Aerojet Rocketdyne Vs. Maxar
Wednesday, November 10, 2021 - 1:30pm | 1212Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment. This week, the duel is between two companies in the aerospace industry: Aerojet Rocketdyne Holdings Inc. (NYSE: AJRD) and Maxar Technologies...
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FTC Investigating Facebook On User Privacy Concerns: Report
Wednesday, October 27, 2021 - 10:35am | 341The Federal Trade Commission is investigating whether Facebook Inc. (NASDAQ: FB) intentionally withheld information regarding the health effects from its products. What Happened: The FTC is trying to determine if Facebook violated its record-breaking $5 billion settlement with the agency in 2019,...
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FTC To Share Big Tech's Small Acquisitions Outcome: Reuters
Wednesday, September 15, 2021 - 7:45am | 282The Federal Trade Commission will disclose their conclusions on the tech platforms' business deals that were sometimes too small to prompt antitrust review, Reuters reports. The FTC will hear about Big Tech acquisitions done between 2010 and 2019. The tech companies involved include ...
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FTC Investigates Why McDonald's Ice Cream Machines Keep Breaking Down: Report
Thursday, September 2, 2021 - 10:10am | 450The Federal Trade Commission is working with McDonald’s Corp. (NYSE: MCD) franchisees in an ongoing probe on why the fast-food chain’s McFlurry ice cream machines keep breaking down. What Happened: The Wall Street Journal, citing an FTC letter to franchisees and input from unnamed...
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FTC Slams Facebook For Blocking Researchers' Accounts In The Name Of The Commission: Reuters
Friday, August 6, 2021 - 3:51pm | 166The U.S. Federal Trade Commission chastized Facebook Inc (NASDAQ: FB) for unfairly justifying the disabled accounts of researchers citing FTC requirement, Reuters reports. Earlier this week, Facebook blocked the personal accounts and access of the New York University researchers...
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Facebook Joins The $1 Trillion Club
Monday, June 28, 2021 - 4:16pm | 340In 2012, Facebook Inc (NASDAQ: FB) held its highly anticipated initial price offering with the company valued at around $100 billion. Less than 10 years later, the company is now valued at over $1 trillion. What Happened: On Monday afternoon, Facebook's stock passed the $1 trillion market...
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Biden Appoints Big Tech Critic Lina Khan As FTC Chair: Report
Wednesday, June 16, 2021 - 10:05am | 494Joe Biden has appointed 32-year-old Columbia University Law School professor and a prominent Big Tech critic Lina Khan as the Federal Trade Commission (FTC) chair, insinuating aggressive enforcement of U.S. antitrust and consumer-protection laws, the Financial Times reported. What Happened:...
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5 Things You Might Not Know About Bill Gates
Tuesday, May 4, 2021 - 2:24pm | 585Bill Gates is well-known as the co-founder of Microsoft Corporation (NASDAQ: MSFT). The entrepreneur is also a huge philanthropist creating the Bill and Melinda Gates Foundation in 2000 to help spread technology and medical advancements around the world and reduce poverty. Here are five things you...
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Supreme Court Limits FTC Power In Obtaining Consumer Restitution
Friday, April 23, 2021 - 8:06am | 434The U.S. Supreme Court issued a unanimous ruling that significantly limits the ability of the Federal Trade Commission (FTC) to enable monetary relief for consumers from companies that are charged with using deceptive practices. What Happened: The ruling involved the case of AMG Capital Management...
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Biden Nominates Tech Critic Lina Khan As FTC Commissioner
Tuesday, March 23, 2021 - 11:29am | 569President Joe Biden has nominated legal scholar and technology industry critic Lina Khan to become the next commissioner of the Federal Trade Commission. What Happened: London-born Khan first gained national prominence in 2017 as a Yale University law student when she authored the paper...
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FTC Orders Social Media Giants To Share Information On Data Collection Policies
Tuesday, December 15, 2020 - 3:46am | 487The Federal Trade Commission is asking social media companies to provide information on their policies related to the data collection and usage of a user's personal data. What Happened: The federal authority sent an order to nine technology companies seeking information on data...
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Twitter Faces Up To $250M FTC Fine Over Allegedly Using Private Data For Targeted Advertising
Monday, August 3, 2020 - 11:01pm | 428Twitter Inc (NYSE: TWTR) revealed Monday the United States Federal Trade Commission could impose a fine of up to $250 million on the social media company for allegedly using private user information for targeted advertising. Twitter Violated User Privacy, Complaint Says The Jack Dorsey-...
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Feds: Railroads' Rate Discussions Can Be Evidence In Price-Fixing Lawsuits
Thursday, July 16, 2020 - 4:21pm | 793Class I railroads' discussions about setting local and interline rates can be included as evidence in dozens of shippers' lawsuits over price fixing in the 2000s, various federal agencies have concluded. Attorneys with the U.S. Department of Justice, speaking on behalf of itself, the Federal Trade...