Consumer Confidential: FTC Is Falling Short in Protecting Consumers’ Data Used by Businesses
Federal regulators have served notice: They’re watching how businesses use — and possibly abuse — consumers’ personal information. And that’s great. It’s about time more official attention was paid to ways that companies invade our privacy. But federal authorities can do more, much more, to level the playing field. In a report titled Big Data: A Tool for Inclusion or Exclusion? the Federal Trade Commission stopped short of laying down...
Oracle Ordered by the FTC To Repair Flawed Software
Washington — Oracle, one of the nation’s largest tech companies, is settling federal charges that it misled consumers about the security of its software, which is installed on roughly 850 million computers around the world. The company won’t be paying a fine, and it isn’t admitting to any wrongdoing or fault in its settlement with the Federal Trade Commission. But Oracle will be required to tell consumers explicitly if they have...
Walgreens-Rite Aid Deal to Draw Scrutiny
Washington — Walgreens Boots Alliance Inc.’s deal to acquire Rite Aid Corp. is expected to draw antitrust scrutiny not only because the company would grow to 12,700 locations, but because of what goes on behind the scenes with drug payments. Antitrust experts say the Federal Trade Commission, which is likely to review the transaction, will look closely at whether the merging of the No. 1 and No. 3 pharmacy chains in the United States...
