On Tuesday evening, a federal judge in Washington, DC issued a preliminary injunction preventing the merger of Staples and Office Depot. The two companies called off their merger after that, but here’s the thing about the hearing: the FTC presented its case against the formation of an international office supply Voltron, but the stores decided not to put up a defense. In hindsight, that seems like a terrible idea. Why would they do that? [More]
Two years ago, newspapers began warning consumers that subscription renewal notices, which ask for your credit card and personal information, may look legitimate, but are more than likely a ploy by unscrupulous companies to get their hands on your money. Today, the Federal Trade Commission took a step to rein in this scheme by suing the operators of dozens of interrelated companies that send out such notices. [More]
A week after European regulators announced an investigation into Google’s requirements that Android-based devices come pre-loaded with Google apps, a similar stateside probe is finally getting off the ground. [More]
Because there is no magical indoor tanning system that uses UV lamps and comes with a 100% guarantee you will not get cancer from using it, a company that marketed indoor tanning systems will have to pay out refunds to consumers under a settlement with the Federal Trade Commission. [More]
One would assume when buying a product marketed as “all-natural” or “100% natural” that said product wouldn’t contain synthetic ingredients like phenoxyethanol or polyethylene, right? Wrong. At least, that’s the cases for five companies facing action by federal regulators for allegedly making false claims about their products’ ingredients.
Is Amazon a valid competitor to Staples and Office Depot for the business of corporate office supply customers? In a hearing in the federal lawsuit that the Federal Trade Commission has filed against the two retailers, the government argues that it isn’t yet, and the two stores argue that it is, or soon will be. Yesterday, an attorney for Staples accused the FTC of telling an Amazon executive what to say in his testimony about his company’s plans for office supply domination, earning criticism from the judge. [More]
Three months after federal regulators filed a lawsuit to stop the
nightmare dream formation of the $6.3 billion StaplesMaxDepot Voltron , the CEOs of the mega-office supply chains are fed up, and they’re taking that frustration to the customers by airing their true thoughts on the Federal Trade Commission’s attempt to stop the deal. [More]
The Department of Veterans Affairs announced Monday that it would suspend DeVry University’s status as a Principles of Excellence institution after reviewing a federal lawsuit that accuses the popular for-profit college chain of deceiving prospective students about their employment potential after graduation. [More]
It’s not against the law to tell people they might be able to save money by slapping some solar panels on their roofs. What is illegal is using millions of unauthorized calls to people on the Do Not Call list to sell those solar panels.
As it awaits the final verdict from regulators on its pending billion-dollar purchase of rival office supply chain Office Depot, Staples is preparing to go it alone by announcing plans to shutter at least 50 of its own stores in order to slow declining sales. [More]
Staples and Office Depot want to merge and form one mega-chain of office supply stores that you mostly visit to drop off UPS packages. The Federal Trade Commission doesn’t approve of this union, because both sell supplies and serve as wholesalers to smaller office suppliers. The companies announced late yesterday that they’ve reached an agreement with Essendant, a smaller national supplier, to take over some of that business if the merger goes through. [More]
Walgreens’ path to bring Ride Aid under its wing passed one hurdle on Thursday, as shareholders for the latter chain of drug stores approved a $9.4 billion merger plan. [More]
While there’s no official pre-approval process for products labeled “Made In U.S.A,” there are federal standards for what that phrase means, and a company can get into trouble for slapping “Made In U.S.A.” on imported products — like the glue company accused of misleading consumers about where its sticky stuff comes from.
Federal regulators continued a crackdown on allegedly unscrupulous for-profit college companies Wednesday, filing a lawsuit against DeVry University. The popular chain of schools stands accused of deceiving prospective students about their employment potential after graduation. [More]