Tag: Competition

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The Federal Trade Commission today announced a proposed consent order against Commonwealth Land Title Insurance Company that would resolve FTC concerns that the company’s proposed consolidation of its title plant with its only competitor in the Washington, DC market would violate antitrust laws by...
The Federal Trade Commission has reached a settlement agreement with Royal Dutch Shell and Exxon over charges that their proposed joint venture to develop, manufacture, and sell viscosity index improver -- an essential motor oil additive -- would reduce competition and violate federal antitrust...
An association of 25 automobile dealerships in five Northwest states today settled Federal Trade Commission charges of threatening to boycott Chrysler. The agency charged that the dealers planned to boycott Chrysler if the manufacturer did not agree to change its vehicle allocation system in a...
CVS Corporation has agreed to pay a $600,000 civil penalty to settle Federal Trade Commission charges that the company violated a 1997 consent order and asset maintenance agreement it signed with the agency to settle charges stemming from CVS's 1997 acquisition of Revco D.S., Inc.
Rite Aid Corporation has agreed to pay $900,000 in civil penalties for failing to divest three drug stores in Maine and New Hampshire as required by a 1994 order issued by the Federal Trade Commission. Rite Aid agreed to issuance of that order to resolve antitrust concerns arising out of Rite Aid's...
Self-regulation efforts that are serious, legitimate and fair should not be blocked by rigid and outdated interpretations of antitrust laws, Robert Pitofsky, Chairman of the Federal Trade Commission, said today. In a speech before the D.C. Bar Association, Pitofsky expanded on this theme as he...
Shell Oil Company and Texaco, Inc., have agreed to divest a package of assets, including Shell's Anacortes, Washington, refinery; a Hawaiian terminal; and retail gasoline stations in Hawaii and in California, to settle Federal Trade Commission charges that their proposed joint venture could raise...
Commission action regarding applications for approval: Following a public comment period, the Commission has ruled on an application for approval of a transaction from the following:
The Federal Trade Commission's Competition Director today applauded the federal district court opinion in the Staples and Office Depot case. "Consumers have won today," said William J. Baer, the Competition Director. "And competition has been preserved."
CVS Corporation has agreed with the Federal Trade Commission to divest a total of 120 Revco drug stores or pharmacy counters -- 114 stores in Virginia and six pharmacy counters in the Binghamton, New York, area -- in order to maintain a level of competition that otherwise would have been...
Harry E. Figgie, Jr. and Figgie International Inc., have agreed to pay a $150,000 civil penalty to settle federal charges that they failed to notify the nation's two antitrust enforcement agencies before Mr. Figgie acquired restricted voting stock in Figgie International, the Federal Trade...
Federal Trade Commission attorneys have filed in federal district court an agreement the Commission reached with Red Apple Companies, Inc. and its chairman, John Catsimatidis, and two other firms, under which the supermarket operators will pay a $600,000 civil penalty for failure to divest five...
Phillips Petroleum Company has agreed to divest approximately 160 miles of its natural gas pipeline system in Oklahoma as part of a settlement with the Federal Trade Commission over the firm’s acquisition of gas-gathering assets from ANR Pipeline Company. The settlement would resolve FTC charges...
Under an agreement the Federal Trade Commission has negotiated with Foodmaker, Inc., the San Diego-based restaurant chain owner will pay a $1.45 million civil penalty to settle charges that one of its subsidiaries knowingly failed to notify the nation’s two antitrust enforcement agencies before the...
Following a Federal Trade Commission investigation, Titan Wheel International, Inc., a Quincy, Illinois-based wheel manufacturer, has agreed to pay a $130,000 civil penalty -- the maximum allowable under law -- to settle federal charges that it took control of a Des Moines tire plant of Pirelli...
The Federal Trade Commission has negotiated a settlement with Automatic Data Processing, Inc. (ADP) under which the firm will pay a $2.97 million civil penalty for failing to include key competitive documents in a “premerger” filing it made with the federal government in connection with its April...
Orders Group to Rescind Restrictions, Reinstate Disciplined Dentists
The Federal Trade Commission has given final approval to a consent agreement with Phillips Petroleum Company and Enron Corp., settling charges that Phillips' proposed acquisition of certain natural gas pipeline gathering systems owned by Enron subsidiaries would eliminate competition for natural...
Federated Department Stores, Inc., one of the country's largest operators of department stores, has agreed to settle Federal Trade Commission charges that it violated a 1979 FTC order prohibiting it from interfering with the entry of another tenant in any shopping mall in which it operates a store...
WHO: Robert Pitofsky, Chairman, Federal Trade Commission Joseph E. Stiglitz, Chairman, Council of Economic Advisors Lewis E. Platt, Chairman and CEO, Hewlett-Packard Co. Sanford M. Litvack, Senior Executive Vice President and Chief of Corporate Operations, The Walt Disney Co. Ryal R. Poppa,...

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