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News Story
8/24/2017
Posted by Consumer Watchdog
Amazon.com Inc.'s takeover of Whole Foods Market Inc. cleared its biggest hurdle on Wednesday as federal regulators approved the e-commerce giant's big bet on the more than $700 billion food retail market. The Federal Trade Commission's decision allows the companies to complete their $13.7 billion deal, including debt, and avoid a...
News Story
8/23/2017
Posted by Consumer Watchdog
The Federal Trade Commission has given Amazon the green light to proceed with its Whole Foods acquisition. In a statement Wednesday, the FTC said it was no longer pursuing its investigation into whether the $13.7 billion deal would be anticompetitive. "Of course, the FTC always has the ability to investigate anticompetitive conduct should...
News Story
8/23/2017
Posted by Consumer Watchdog
WASHINGTON/SAN FRANCISCO (Reuters) - Amazon.com Inc (AMZN.O) on Wednesday cleared two of the biggest hurdles it needed to close its $13.7 billion acquisition of Whole Foods Market Inc (WFM.O), with approvals from a U.S. regulator and the grocery chain’s shareholders. The U.S. Federal Trade Commission said in a statement it would not pursue...
News Story
7/28/2017
Posted by Mark Reback
The Federal Trade Commission is reportedly looking into the company’s pricing policy How do you know if the great deal you just snagged on Amazon is real? The Federal Trade Commission is investigating whether the company uses “deceptive” pricing to make products look more discounted than they are in reality, Reuters reported last...
News Story
7/21/2017
Posted by Mark Reback
The Federal Trade Commission just set its sights on Amazon’s deal pricing schemes, responding to complaints that the giant online retailer misleads customers with its discounts. The FTC’s investigation is part of its review of Amazon’s agreement to buy Whole Foods for nearly $14 billion. According to Reuters, the complaint was...
News Story
7/21/2017
Posted by Mark Reback
The Federal Trade Commission reportedly is looking into Amazon's discount policy after a Consumer Watchdog complaint. The US Federal Trade Commission is investigating charges that Amazon's pricing policy is misleading customers, according to a report by Reuters. That follows from a complaint by the Consumer Watchdog group, which examined 1...
News Story
7/21/2017
Posted by Mark Reback
The Federal Trade Commission is reportedly looking into whether Amazon's discounts are as good as they seem.  As part of the FTC's review of Amazon's (AMZN) agreement to buy Whole Foods (WFM), the Federal Trade Commission is looking into allegations that Amazon misleads customers about its pricing discounts, Reuters reports,...
News Story
7/21/2017
Posted by Mark Reback
Amazon's purchase of Whole Foods requires a wink of blessing from the Federal Trade Commission, but that might not be a done deal. Reuters is reporting that the FTC is taking a particular interest in how Jeff Bezos' online retailer prices, and discounts, its products. According to sources close to the probe, there is a suspicion that...
News Story
7/21/2017
Posted by Mark Reback
GOOD FRIDAY MORNING and welcome to Morning Tech, where we fully endorse this. Send your tech and telecom tips to lzhou@politico.com and @liszhou. Catch the rest of the team’s contact info after Quick Downloads. FTC SAID TO PROBE AMAZON PRICING — The FTC has made preliminary inquiries into how Amazon handles its pricing, Reuters reports...
News Story
7/21/2017
Posted by Mark Reback
In conjunction with its review of Amazon.com's (AMZN)  purchase of Whole Foods Market (WFM) , the Federal Trade Commission is investigating claims made against the e-commerce giant, saying it misleads customers about pricing discounts, Reuters reports. The FTC is reviewing a complaint brought by Consumer Watchdog, an advocacy group, which...