Word: ftc
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...CAMEL No more lurking around the playground. FTC says RJR is just blowing smoke about not targeting kids...
...tobacco: "The tobacco industry has never demonstrated an ability to negotiate in good faith or live up to its promises,'' said association chief executive John Garrison. As the industry hastens to reach a settlement, pressure to curb and punish its practices continues to mount: on Wednesday, even as the FTC charged R.J. Reynolds with unfair advertising practices, charging that its Joe Camel campaign targets children, the state of Florida decided to dump $825 million worth of tobacco stocks invested in its retirement plan. In July, the first class-action suit against the industry is set to begin in Mississippi...
...have to pay their bills, too, said AT&T security manager Richard Petillo: "We're trying to make accommodations where we can, but the subscribers actually made the calls and it would be unfair to other subscribers to offer those people the option of not paying." The FTC says it has no evidence that the government of Moldova was involved...
...drugstore companies try to combat fierce price and product competition from supermarket and mail-order pharmacies. Revco, which has more stores but smaller revenues than CVS, had planned a similar deal last spring with competitor Rite Aid, but the Federal Trade Commission blocked the acquisition over antitrust concerns. The FTC has not yet approved the CVS-Revco deal, but antitrust worries have already arisen over the 275 stores that the chains run in overlapping markets. If the deal receives an official go-ahead, the resulting drug store chain will use the CVS name and have about 4,000 stores...
Though the stakes are clear, the law (which was developed in the era of railway barons) is not. After deadlocking, the Federal Trade Commission in 1993 surrendered jurisdiction over Microsoft to the Justice Department. FTC Commissioner Christine Varney, an expert in the field, says it's hard to apply antitrust law in a fluid situation. "My concern is with the law's ability to keep pace with market conditions in fields that change so rapidly," she says. "Once it's clear a practice is anticompetitive, the issue may already be moot...