Word: ftc
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Dates: during 1990-1999
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...Trade Commission in Washington thinks it has a pretty good idea. The agency, joined by more than 30 states, recently accused Mylan Laboratories of Pittsburgh, Pa., and its suppliers of illegally tying up chemical feed-stocks used to make the drug. With control of the ingredients in hand, the FTC charged, Mylan could demand whatever price it wanted for the finished product. The FTC is now trying to force Mylan to "disgorge" $120 million in allegedly "ill-gotten gains" from the scheme. As FTC chairman Robert Pitofsky told TIME, "Mylan's illegal conduct deprived some consumers of access to these...
While a Senate committee last week approved legislation that would authorize the FTC to regulate the profiling of children, the agency seems willing to let the industry clean up its own act with regard to adults. Enter TRUSTe, a nonprofit group that has persuaded 270 of the Web's most popular sites to post and abide by statements telling what data they collect from visitors, how they use that data and how visitors can restrict that use. Web leaders such as America Online, Microsoft and Netscape plan an announcement this Wednesday to address privacy concerns...
...what about e-mail they didn't turn over? In her new tell-all book "The Microsoft File," veteran computer journalist Wendy Goldman Rohm claims that executives were similarly uncooperative during an earlier FTC investigation. They failed to provide backup tapes of files that had ostensibly been deleted, says Rohm. Moreover, Gates refused to explain a mysterious handwritten note found in his own files that read simply "purge e-mail." What possible secrets did these communiqués contain? It may not even matter. As Bill Clinton can attest, it's not the act, but the cover-up, that gets...
...FTC BACKS ONLINE PRIVACY...
...most popular sites, GeoCities, last week settled a privacy-violation complaint by the FTC. The agency said the site misled members by soliciting personal data, such as income and age, and, without full permission, distributing it to marketers. While denying any wrongdoing, GeoCities agreed to post an explicit account of its use of personal data...