2 months ago
By Jody Godoy
Sept 2 (Reuters) - Alphabet's Google escaped a breakup of its advertising technology business on Wednesday, when a judge in Virginia rejected U.S. antitrust enforcers' bid to force a sale of Google's online advertising exchange.
While the ad exchange is a small part of Google's business, the ruling is the second powerful symbolic victory against the U.S. Department of Justice in its efforts to force Google to sell ******* ets to address illegal monopolies.
U.S. Judge Leonie Brinkema in Alexandria, Virginia, declined to make Google sell AdX, where publishers pay Google a 20% fee to sell ads in auctions that happen instantly when users load websites. She accepted most of the parties' proposed behavioral remedies.
The DOJ and a broad coalition of states sued Google in 2023 over its dominance in markets for advertising technology used by online publishers and websites.
#advertising #judge #technology #force
Sept 2 (Reuters) - Alphabet's Google escaped a breakup of its advertising technology business on Wednesday, when a judge in Virginia rejected U.S. antitrust enforcers' bid to force a sale of Google's online advertising exchange.
While the ad exchange is a small part of Google's business, the ruling is the second powerful symbolic victory against the U.S. Department of Justice in its efforts to force Google to sell ******* ets to address illegal monopolies.
U.S. Judge Leonie Brinkema in Alexandria, Virginia, declined to make Google sell AdX, where publishers pay Google a 20% fee to sell ads in auctions that happen instantly when users load websites. She accepted most of the parties' proposed behavioral remedies.
The DOJ and a broad coalition of states sued Google in 2023 over its dominance in markets for advertising technology used by online publishers and websites.
#advertising #judge #technology #force
2 months ago
By Jody Godoy
Aug 24 (Reuters) - The U.S. Federal Trade Commission and a group of states settled with Zillow ahead of trial on Monday, ending claims the online real estate platform illegally paid Rocket Companies' Redfin $100 million to stop competing in apartment rental listings.
The FTC and five states were ready to argue at trial scheduled to start Monday that the Zillow-Redfin partnership drove up costs for landlords and decreased listing quality for renters. More than 30% of Americans rent their homes, according to census data.
Under the settlement, Redfin can continue to display Zillow ads on its sites but will resume its rental advertising business within six months, the FTC and states said.
While Democratic state attorneys general have clashed with the Trump administration on other matters, both the FTC and the states called the settlement a win.
#Monday #trial #godoy
Aug 24 (Reuters) - The U.S. Federal Trade Commission and a group of states settled with Zillow ahead of trial on Monday, ending claims the online real estate platform illegally paid Rocket Companies' Redfin $100 million to stop competing in apartment rental listings.
The FTC and five states were ready to argue at trial scheduled to start Monday that the Zillow-Redfin partnership drove up costs for landlords and decreased listing quality for renters. More than 30% of Americans rent their homes, according to census data.
Under the settlement, Redfin can continue to display Zillow ads on its sites but will resume its rental advertising business within six months, the FTC and states said.
While Democratic state attorneys general have clashed with the Trump administration on other matters, both the FTC and the states called the settlement a win.
#Monday #trial #godoy
2 months ago
By Jody Godoy
Aug 24 (Reuters) - The U.S. Federal Trade Commission and a group of states announced a settlement with Zillow, ending claims the online real estate platform illegally paid Rocket Companies' Redfin $100 million to stop competing in apartment rental listings.
The FTC and five states had argued the Zillow-Redfin partnership drove up costs for landlords and decreased listing quality for renters. More than 30% of Americans rent their homes, according to census data.
The settlement ends the agreement for Redfin to stop competing. Redfin agreed to rebuild its rental advertising business within six months, according to the FTC.
Zillow has denied the arrangement is anticompetitive and said the deal benefits everyone, as it makes more listings available on more sites.
#states #rental
Aug 24 (Reuters) - The U.S. Federal Trade Commission and a group of states announced a settlement with Zillow, ending claims the online real estate platform illegally paid Rocket Companies' Redfin $100 million to stop competing in apartment rental listings.
The FTC and five states had argued the Zillow-Redfin partnership drove up costs for landlords and decreased listing quality for renters. More than 30% of Americans rent their homes, according to census data.
The settlement ends the agreement for Redfin to stop competing. Redfin agreed to rebuild its rental advertising business within six months, according to the FTC.
Zillow has denied the arrangement is anticompetitive and said the deal benefits everyone, as it makes more listings available on more sites.
#states #rental
3 months ago
By Jody Godoy and Karen Freifeld
Aug 14 (Reuters) - A U.S. appeals court on Friday ordered a lower court to reconsider whether China-based DJI, the world's largest drone maker, should be removed from a Pentagon list of companies allegedly supporting Beijing's military.
The U.S. Court of Appeals for the District of Columbia Circuit ruled that the lower court erred by relying only on the unclassified record in concluding that the company contributes to the Chinese defense industrial base.
DJI is one of a growing number of Chinese companies challenging their placement on the Pentagon's list of Chinese military companies. The list bars the Defense Department from contracting with designated companies, and a broader ban on buying their products via third parties takes effect in 2027.
"There is...no publicly stated rationale for why the Secretary believes DJI contributes to the Chinese defense industrial base," the appeals court said. "On remand, the district court may examine the classified record and determine whether to uphold the Secretary's determination .
#military
Aug 14 (Reuters) - A U.S. appeals court on Friday ordered a lower court to reconsider whether China-based DJI, the world's largest drone maker, should be removed from a Pentagon list of companies allegedly supporting Beijing's military.
The U.S. Court of Appeals for the District of Columbia Circuit ruled that the lower court erred by relying only on the unclassified record in concluding that the company contributes to the Chinese defense industrial base.
DJI is one of a growing number of Chinese companies challenging their placement on the Pentagon's list of Chinese military companies. The list bars the Defense Department from contracting with designated companies, and a broader ban on buying their products via third parties takes effect in 2027.
"There is...no publicly stated rationale for why the Secretary believes DJI contributes to the Chinese defense industrial base," the appeals court said. "On remand, the district court may examine the classified record and determine whether to uphold the Secretary's determination .
#military
3 months ago
By Jody Godoy
July 29 (Reuters) - The U.S. Federal Trade Commission sued Hims & Hers on Wednesday alleging the telehealth platform shared users' health data with online advertisers, despite promising privacy, and engaged in deceptive billing and cancellation practices.
Users' sensitive health information was shared with online advertising companies including Meta Platforms and Snap despite the company leading customers to believe their data was private, the FTC alleged in the lawsuit filed along with Los Angeles County and Utah.
Hims & Hers stock added to losses after the news and was trading down around 12%.
Hims & Hers is one of the largest telehealth players in the market for weight loss drugs. The company offers telehealth appointments and prescriptions for erectile dysfunction, hair loss, and mental health medications, which it ships straight to customers.
#Health #despite #company
July 29 (Reuters) - The U.S. Federal Trade Commission sued Hims & Hers on Wednesday alleging the telehealth platform shared users' health data with online advertisers, despite promising privacy, and engaged in deceptive billing and cancellation practices.
Users' sensitive health information was shared with online advertising companies including Meta Platforms and Snap despite the company leading customers to believe their data was private, the FTC alleged in the lawsuit filed along with Los Angeles County and Utah.
Hims & Hers stock added to losses after the news and was trading down around 12%.
Hims & Hers is one of the largest telehealth players in the market for weight loss drugs. The company offers telehealth appointments and prescriptions for erectile dysfunction, hair loss, and mental health medications, which it ships straight to customers.
#Health #despite #company
3 months ago
By Jody Godoy and Arriana McLymore
NEW YORK, July 28 (Reuters) - Shein, the online fast-fashion retailer, said its U.S. operations are under investigation by the U.S. Federal Trade Commission and that it could face significant fines as a result, according to documents filed in connection with its planned Hong Kong IPO.
Shein is cooperating with the probe, the Chinese-founded company said in the documents published by the Hong Kong stock exchange on Sunday.
"The outcome of the investigation, whether in settlement or otherwise, may require us to make significant monetary payments that could have a material adverse effect on our financial condition and results of operations," the company said in the filing.
An FTC spokesperson confirmed on Tuesday the agency is conducting a consumer protection investigation into Shein. The FTC enforces U.S. laws against unfair and deceptive business practices.
#documents #jody
NEW YORK, July 28 (Reuters) - Shein, the online fast-fashion retailer, said its U.S. operations are under investigation by the U.S. Federal Trade Commission and that it could face significant fines as a result, according to documents filed in connection with its planned Hong Kong IPO.
Shein is cooperating with the probe, the Chinese-founded company said in the documents published by the Hong Kong stock exchange on Sunday.
"The outcome of the investigation, whether in settlement or otherwise, may require us to make significant monetary payments that could have a material adverse effect on our financial condition and results of operations," the company said in the filing.
An FTC spokesperson confirmed on Tuesday the agency is conducting a consumer protection investigation into Shein. The FTC enforces U.S. laws against unfair and deceptive business practices.
#documents #jody
3 months ago
By Jody Godoy
July 23 (Reuters) - Paramount Skydance must pause its $110 billion acquisition of Warner Bros. Discovery through August 17, a federal judge ruled on Thursday.
The move gives Paramount Skydance more time to argue against a potential months-long pause while the case plays out. The company has said such a prolonged delay would plunge the deal into uncertainty and could cost it more than $1 billion.
A California-led coalition of states have sued to block the deal, saying it would harm competition in film and television, hurting theaters and cable companies. The Writers Guild of America has filed a separate lawsuit alleging the deal would decrease demand for screenwriting work.
U.S. District Judge Araceli Martínez-Olguín in Oakland, California, previously paused the deal through August 3, when she would have held a hearing on whether to postpone the deal's closing for longer.
#deal #paramount #pause #billion
July 23 (Reuters) - Paramount Skydance must pause its $110 billion acquisition of Warner Bros. Discovery through August 17, a federal judge ruled on Thursday.
The move gives Paramount Skydance more time to argue against a potential months-long pause while the case plays out. The company has said such a prolonged delay would plunge the deal into uncertainty and could cost it more than $1 billion.
A California-led coalition of states have sued to block the deal, saying it would harm competition in film and television, hurting theaters and cable companies. The Writers Guild of America has filed a separate lawsuit alleging the deal would decrease demand for screenwriting work.
U.S. District Judge Araceli Martínez-Olguín in Oakland, California, previously paused the deal through August 3, when she would have held a hearing on whether to postpone the deal's closing for longer.
#deal #paramount #pause #billion
4 months ago
Panama face England at the New York/New Jersey Stadium on Saturday evening, already eliminated from the 2026 World Cup and playing their final group game with nothing but pride at stake.
Two competitive 1–0 defeats to Ghana and Croatia have confirmed their exit. The Canal Men have not scored in either match and remain without a point at this World Cup. Against the most technically accomplished side they have faced at this tournament, breaking that duck will require something close to perfect.
Thomas Christiansen has a near-complete squad available but is without his two most influential midfielders. Adalberto Carrasquilla has not featured at this World Cup due to an adductor injury and suffered a further setback before the Croatia match. With nothing at stake in this fixture, Christiansen has no reason to rush him back.
Captain Anibal Godoy — Panama’s all-time appearance record holder with 160 caps — has managed just one minute of regular action at this tournament through lack of match fitness and is unlikely to start here.
In their absence, the midfield four of Cristian Martínez, Carlos Harvey, Yoel Bárcenas and José Luis Rodríguez is expected to continue in front of a disciplined back five. Amir Murillo operates as right-wing back alongside César Blackman on the left.
Two competitive 1–0 defeats to Ghana and Croatia have confirmed their exit. The Canal Men have not scored in either match and remain without a point at this World Cup. Against the most technically accomplished side they have faced at this tournament, breaking that duck will require something close to perfect.
Thomas Christiansen has a near-complete squad available but is without his two most influential midfielders. Adalberto Carrasquilla has not featured at this World Cup due to an adductor injury and suffered a further setback before the Croatia match. With nothing at stake in this fixture, Christiansen has no reason to rush him back.
Captain Anibal Godoy — Panama’s all-time appearance record holder with 160 caps — has managed just one minute of regular action at this tournament through lack of match fitness and is unlikely to start here.
In their absence, the midfield four of Cristian Martínez, Carlos Harvey, Yoel Bárcenas and José Luis Rodríguez is expected to continue in front of a disciplined back five. Amir Murillo operates as right-wing back alongside César Blackman on the left.
2 yr. ago
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