Company Overview of Federal Trade Commission
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Washington, DC 20580
Key Executives for Federal Trade Commission
Chair of Covington's Antitrust and Consumer Law Practice Group
Acting Chief Information Officer
Compensation as of Fiscal Year 2015.
Federal Trade Commission Key Developments
The University of Phoenix Receives "Civil Investigative Demand" from the Federal Trade Commission
Jul 30 15
The University of Phoenix is under federal investigation for possible deceptive or unfair business practices, its parent company, the Apollo Education Group, said. In a filing to the Securities and Exchange Commission, the company disclosed that it had received a "civil investigative demand" from the Federal Trade Commission (FTC). According to the document, investigators asked for information on a "broad spectrum" of matters, including marketing, recruiting, enrollment, financial aid, tuition, academic programs, billing and debt collection, and other facets of the business. The filing lists "military recruitment" as one area the FTC is examining. The filing said Apollo is "evaluating the demand and intends to cooperate fully with the FTC. The FTC probe is the latest of several state and federal investigations into the for-profit college industry.
The U.S. Federal Trade Commission Approves Dollar Tree Inc.'s Proposal of $9.2 Billion Acquisition of Family Dollar Stores Inc
Jul 3 15
The U.S. Federal Trade Commission approved Dollar Tree Inc.'s (DLTR) proposed $9.2 billion acquisition of Family Dollar Stores Inc. (FDO), on the condition that 330 Family Dollar stores are sold to Sycamore Partners to alleviate competition concerns. The FTC announced both Dollar Tree and Family Dollar sell deeply discounted general merchandise items. The regulator identified 330 stores in local markets from 35 states where competition would be lost if the acquisition went forward as proposed.
Federal Trade Commission Issues Final Order Preserving Supermarket Competition in 130 Local Markets Albertsons and Safeway Required to Sell 168 Stores in Eight States
Jul 2 15
Federal Trade Commission has approved a final order settling charges that the $9.2 billion merger of Albertsons and Safeway Inc. would be anticompetitive. FTC announced in January 2015, Albertsons and Safeway grocery stores competed vigorously on price, quality, product variety, and services, and each offered consumers the convenience of one-stop shopping for food and other grocery products. Without a remedy, the acquisition was likely to lessen supermarket competition in 130 local markets and thus harm consumers. The final order requires the new company to divest 168 Albertsons and Safeway stores in Arizona, California, Montana, Nevada, Oregon, Texas, Washington, and Wyoming to four buyers.
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