Amazon Duped Millions Of Consumers Into Enrolling In Prime, US FTC Says

WASHINGTON, June 21 (Reuters) - The U.S. Federal Trade Commission on Wednesday accused Amazon.com of enrolling millions of consumers into its paid subscription Amazon Prime service without their consent and making it hard for them to cancel, the agency's latest action against the ecommerce giant in recent weeks. The FTC sued Amazon in federal court…

ByDavid Shepardson, ReutersJune 21, 20230Comments

Business

US FTC Asks Court To Block Microsoft Acquisition Of Activision

The Federal Trade Commission asked a court to temporarily block Microsoft Corp's acquisition of Activision Blizzard on Monday, seeking to halt the deal from closing before the government's case against the $69 billion deal is heard. The FTC said Microsoft and Activision had signaled the deal could close as soon as Friday and asked a…

ByDavid Shepardson, ReutersJune 14, 20230Comments

Technology

Tesla’s Model 3 Cheaper Than Toyota’s Camry In California With Tax Benefits

SAN FRANCISCO/WASHINGTON, June 6 (Reuters) - Tesla Inc's rapid adjustment of its battery supply chain means all of its Model 3 vehicles qualify for federal U.S. credits that, along with other tax breaks, could lower its price to less than a Toyota Camry. The Biden administration on Tuesday confirmed that all Tesla Model 3 vehicles…

ByDavid Shepardson, ReutersJune 9, 20230Comments

International Politics

Tiktok Says US Threatens Ban If Chinese Owners Don’t Sell Stakes

WASHINGTON, March 16 (Reuters) - The Biden administration has demanded that TikTok's Chinese owners divest their stakes in the popular video app or face a possible U.S. ban, the company told Reuters on Wednesday. The move is the most dramatic in a series of recent steps by U.S. officials and legislators who have raised fears…

ByDavid Shepardson, ReutersMarch 14, 20230Comments

Business Financial Updates uncategorized

Biden To Require Chips Companies Winning Subsidies To Share Excess Profits

WASHINGTON, Feb 28 (Reuters) - The Biden administration on Tuesday said it will require companies winning funds from its $52-billion U.S. semiconductor manufacturing and research program to share excess profits and explain how they plan to provide affordable childcare. The Commerce Department on Tuesday released its plans to begin accepting applications in late June for…

ByDavid Shepardson, ReutersFebruary 28, 20230Comments

David Shepardson, Reuters

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