News tagged with federal trade commission
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Federal Trade Commission
The Federal Trade Commission (FTC) is an independent agency of the United States government, established in 1914 by the Federal Trade Commission Act. Its principal mission is the promotion of "consumer protection" and the elimination and prevention of what regulators perceive to be harmfully "anti-competitive" business practices, such as coercive monopoly.
The Federal Trade Commission Act was one of President Wilson's major acts against trusts. Trusts and trust-busting were significant political concerns during the Progressive Era. Since its inception, the FTC has enforced the provisions of the Clayton Act, a key antitrust statute, as well as the provisions of the FTC Act, 15 U.S.C. § 41 et seq. Over time, the FTC has been delegated the enforcement of additional business regulation statutes and has promulgated a number of regulations (codified in Title 16 of the Code of Federal Regulations).
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FDA warns company over unapproved flu remedy
Federal regulators say a Florida company has been marketing an untested inhaled formula as a flu remedy in violation of drug safety regulations.
Medications
Jan 29, 2013 |
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High court weighs Georgia hospital merger
(AP)—The Supreme Court is questioning a monopoly on hospital services in southwestern Georgia.
Health
Nov 26, 2012 |
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When prescription drugs go OTC, ads talk less of harms: study
(HealthDay)—When prescription drugs become available over-the-counter, advertisements for the medications are far less likely to tell consumers about the potential harms and side effects, new research finds.
Medications
Sep 11, 2012 |
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FTC sending refunds over CVS business overcharging
(AP)—The Federal Trade Commission says it is mailing refund checks to 13,000 Medicare beneficiaries who were overcharged for drugs because a CVS Caremark Corp. business understated the price of the products.
Medications
Sep 04, 2012 |
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Graphic warning labels improve smokers' recall of warning and health risks related to smoking
In a first of its kind study in the U.S., researchers at the Perelman School of Medicine at the University of Pennsylvania have shown that the addition of graphic warning labels on cigarette packaging can improve smokers' ...
Addiction
Jun 15, 2012 |
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Pomegranate juice claims deceptive, US rules
Pomegranate juice has not been proven to be an effective treatment for cancer, heart disease or erectile dysfunction, US regulators said Monday, calling a company's ad claims deceptive.
Other
May 21, 2012 |
5 / 5 (1) |
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US shoe firm gets kicked for butt claims
US shoemaker Skechers is to pay $40 million to settle claims that it deceived consumers by suggesting its sports shoes could help tone their butts and lose weight, officials said Wednesday.
Other
May 16, 2012 |
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US wants more information from Roche on Illumina bid
Swiss pharmaceutical group Roche said Tuesday the US Federal Trade Commission had requested additional information on its hostile $5.7-billion (4.2 billion euros) bid for US gene mapper Illumina.
Other
Mar 13, 2012 |
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No butts: Reebok slapped in US on rear-toning claims
US government regulators have clamped down on sportswear maker Reebok for claims that its buttock-toning footwear would lead to a more shapely butt for its wearers.
Other
Sep 28, 2011 |
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