Word: ftc
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...years. Any merger is certain to prompt antitrust concerns. Together, for example, they control more than 23% of the funeral market in Florida, considered the El Dorado of the death business. In Seattle, Loewen owns a funeral home located on the grounds of an SCI-owned cemetery. The ftc has demanded company records to try to gauge the probable effect in states where both companies have a large, overlapping presence. Loewen says nine states, including Florida, have notified the company that they plan their own antitrust reviews. And Loewen itself has filed a defensive federal lawsuit against SCI, arguing that...
...tempted by lower monthly payments, are choosing to lease rather than buy their next car. But the Federal Trade Commission says many lessees are enticed by advertising that buries hidden costs of the lease, often while boldly claiming that the contract requires no money down. As a remedy, the FTC announced Thursday it has reached agreements with five car companies requiring the automakers to prominently disclose taxes, title, security and registration fees, which can add up to hundreds or thousands of dollars. Such fees, which must all be paid up front, are often glossed-over in television ads, hidden...
...YORK CITY: Now comes the hard part. A little more than a year after the deal was announced, shareholders of Time Warner and Turner Broadcasting voted voted Thursday to approve the $7.5 billion merger. After clearing the considerable hurdles of an FTC review and the opposition of U.S. West, a large Time Warner shareholder, Time Warner chairman Gerald Levin and former Turner head Ted Turner have a daunting task ahead of them. More than 98% of the shareholders approved the merger and they now demand strong action to finally lift the value of the stock. Since Time and Warner merged...
...Sixth Avenue studios in midtown Manhattan and looking through the windows. After being frozen out of the New York market, Fox parent company News Corp. filed suit Wednesday to force Time Warner Cable to carry the fledgling network there. Fox argues that Time Warner, under an arrangement with the FTC specifying that it would carry another cable news channel besides CNN as it merges with Turner Broadcasting, broke a prior agreement by carrying the joint Microsoft-NBC news network MSNBC in this critical market instead of Fox News. Fox chief Rupert Murdoch says he will press for a permanent injunction...
...Viacom buys Paramount and launches UPN; and so on through the merger-mad '90s. "The best way to beat back competition," says Gary Arlen, founder of the research firm Arlen Communications, based in Bethesda, Maryland, "is to have your own content and make sure your vertical integration gets the FTC's approval." For Levin, it's so far, so good...