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The Latest Breaking News from FTC

Bills target corporate practices thwarting product repairs

WASHINGTON — After Dyani Chapman’s refrigerator broke, her landlord replaced it with a new one, a cheaper route than fixing the original. When her phone’s screen cracked, Chapman faced a similar dilemma.

Tribune News Service

Bills target corporate practices thwarting product repairs - Roll Call

There is bipartisan congressional interest behind bills to make it easier for consumers to repair what they own.

Roll Call

Illegal fishing spurs billions in losses for developing countries, study says

Analysis finds global practice is a major driver of marine ecosystems’ destruction and is estimated to run up to $50bn

The Guardian - US

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Commentary: Misleading political TV ads are filling up California’s ‘news deserts’

If you watched even a smidge of the Dodgers-Padres postseason playoff games on television, you almost certainly saw a political ad. This is nothing unusual for the lead-up to an election. In fact, there are fewer propositions on the ballot than usual in California — but that doesn’t make figuring…

Los Angeles Times

Student loan debt scams on the rise: Look for these signs

“You never have to pay for any federal help from the Student Loan Program,” President Biden warned.

Axios

Michael Hiltzik: Think food inflation is bad now? Wait till Kroger and Albertsons merge

The gargantuan proposed $24.6-billion merger of supermarket behemoths Kroger and Albertsons is being touted by the merger partners as a boon to consumers.

Los Angeles Times

Complete Exit For Exxon From Russia, Microsoft's Layoffs, Another Setback For Boeing's Potential 737 MAX 7 Approval, Visa & Mastercard Under FTC Probe: Top Stories Tuesday, Oct. 18

Reuters Exxon Exits Russia Completely After Putin Seizes Company's Properties

Benzinga

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Checks and Balances, October 2022: Biden administration codifies DACA

The Checks and Balances Letter delivers news and information from Ballotpedia’s Administrative State Project, including pivotal actions at the federal and state levels related to the separation of powers, due process, and the rule of law.

Ballotpedia

News Corp and Fox Corp's Possible Consolidation, Faster Lead Times For iPhone 14 Models, Kanye West Buys Conservative Social Media Platform, Twitter Prepares Tackling Spread Of Misinformation: Top Stories Monday, Oct. 17

Wall Street Journal Rupert Murdoch Explores News Corp and Fox Corp Consolidation

Benzinga

OPEN: Don't Get Trapped by This Real Estate Stock in 2022

Shares of real estate services company Opendoor Technologies (OPEN) are trading nearly 89% below its 52-week high. With the real estate industry witnessing severe headwinds currently, we think the stock could slide even further. Read on to learn more….

StockNews.com

Meta calls FTC suit to block VR fitness deal ‘ill-conceived’

Meta Platforms Inc. urged a judge to reject the U.S. Federal Trade Commission attempt to block the company’s acquisition of virtual reality app Within Unlimited, saying the agency’s claims about competition in the area are based on “pure speculation.”

Tribune News Service

Meta hits back in fight with FTC over VR company acquisition

Facebook parent Meta struck back in its legal battle with federal regulators over its proposed acquisition of virtual-reality company Within Unlimited and its fitness app Supernatural

The Independent UK

What spiking US veterinary prices reveal about inflation

Most pets hate visiting the vet

The Independent UK

Ex-Uber chief security officer pleads guilty to covering up 2016 data breach

SAN FRANCISCO – The ex-chief security officer of Uber Technologies Inc. has been convicted of covering up a 2016 data breach involving 57 million of the San Francisco-based ride-hailing company’s users, according to the U.S. Attorney’s Office.

Tribune News Service

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Benzinga

Tesla To Feel Pressure After Musk's Twitter-Deal News; OPEC Output Cut Disappoints Biden; Shell Profits Low: Top Stories Thursday, Oct. 6

Benzinga

The Guardian - US

Former Uber security chief found guilty of concealing data breach

Joe Sullivan failed to report a cybersecurity incident to authorities in 2016

WEKU

Biden administration steps up protection against student loan forgiveness scams

The Biden administration is increasing efforts to protect borrowers from student loan forgiveness scams, while still not offering further details about the application itself.

Axios

Why Kim Kardashian got fined and Matt Damon didn't

If you're going to tout crypto, tout a crypto company — not a coin.

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Reason

Big Tech's Chickens Coming Home to Roost

Episode 424 of the Cyberlaw Podcast

Benzinga

These Members Of Congress Want To Block Amazon's Acquisition Of iRobot: Here's Why

Several members of the U.S.

The Independent UK

House approves scaled-down bill targeting Big Tech dominance

The House has approved sharply scaled-down legislation targeting the dominance of Big Tech companies by giving states greater power in antitrust cases and increasing money for federal regulators

The Independent UK

Senators push to reform police's cellphone tracking tools

Civil rights lawyers and Democratic senators are pushing for legislation that would limit U.S. law enforcement agencies’ ability to buy cellphone tracking tools to follow people’s whereabouts, including back years in time, and sometimes without a search warrant

Los Angeles Times

$10,000 for one Instagram post? How food influencers can make or break restaurants

LOS ANGELES — In more than 20 years at his family’s restaurant, Joel Gonzalez had never seen anything like it. Around 6 p.m. on March 25, 2021, he looked up to find a line stretching out the door of Mariscos Corona, the Van Nuys restaurant he runs with his sister.…

The Independent UK

FTC says Bezos, Jassy must testify in probe of Amazon Prime

Federal regulators are ordering Amazon founder Jeff Bezos and CEO Andy Jassy to testify in the government's investigation of Amazon Prime

Benzinga

Top Financial Media Stories Thursday, September 22: Facebook Sued For Bypassing Apple Privacy Rules, Walmart Slows Hiring Plans Ahead Of Holiday Season, China Blames US For Northwestern Polytechnical University Hack And More..

Reuters

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