Word: ftc
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...company will not buy products carried by large warehouse clubs, in effect using the clout of a company that accounts for more than one-fifth of the $19-billion-a-year U.S. toy business to keep suppliers selling only to them. Toys R Us CEO Michael Goldstein disputes the FTC's charges. He says the company must use such tactics to remain competitive with warehouse clubs that stock the hottest-selling items a few weeks before Christmas and sell them at or below cost to attract buyers. "Given that behavior, and Toys R Us' contribution to the industry" says Goldstein...
...company will not buy products carried by large warehouse clubs, in effect using the clout of a company that accounts for more than one-fifth of the $19-billion-a-year U.S. toy business to keep suppliers selling only to them. Toys R Us CEO Michael Goldstein disputes the FTC's charges. He says the company must use such tactics to remain competitive with warehouse clubs that stock the hottest-selling items a few weeks before Christmas and sell them at or below cost to attract buyers. "Given that behavior, and Toys R Us' contribution to the industry" says Goldstein...
...imagined that getting the Federal Trade Commission to bless the merger between Time Warner and the Turner Broadcasting System, two giants in the multibillion-dollar cable-TV business, would be a walk in the park. So it was hardly a surprise last week when leaks emanating from the FTC suggested that agency staff members favored blocking the $7.5 billion merger in its current form. Whatever the staff's inclination, the actual decision to approve or block the deal will be made by the five Federal Trade Commissioners. And they have yet to speak...
Time Warner and Turner, at first asked for a decision by June, but have now told the FTC not to rush, no doubt hoping further study will shift the commissioners' mood in the companies' favor...
Also, the odds of winning are continually grossly misrepresented: One state lottery advertisement stated the "odds of winning" at one in 350, when they really were one in 13 million, ignoring the difference between winning one dollar and winning the jackpot. The Federal Trade Commission (FTC) frequently prosecutes private organizations that perpetuate such fictions, yet it has never challenged any state government on such grounds. Even if the FTC does not feel justified in attacking these government practices, should not the government be above this...