TechCrunch editor Matt Thompson has a good point.Samsung is a brand worth reading and buying, as is Apple, and the two companies have long been close.In his recent article for The Verge, Thompson argues that Samsung is the most valuable company in the market.Samsung has been the leader of the mobile device industry for almost a decade, and that makes Samsung a perfect candidate for Thompson to exa...
The Federal Trade Commision on Monday approved a $2.9 billion probe of a $4.6 billion deal between the retailer Best Buy and a California-based company that specializes in selling toys and other toys for kids.
The FTC ruled that the deal violates the Fair Credit Reporting Act, the federal consumer protection law.
The decision was welcomed by the American Civil Liberties Union and other consumer groups.
“This is a win for the American people,” said Mary Ellen O’Connor, a senior staff attorney with the ACLU’s National Consumer Law Center.
“The FTC’s ruling is a step in the right direction, and it sends a strong signal that our government will not tolerate any form of predatory lending or any form to steal our hard-earned savings.”
The settlement was announced on Tuesday, one day after the FTC approved a separate settlement with Best Buy for $1.5 billion over similar misconduct.