Bill Nelson asks FTC to go after gas gougers
U.S. Sen. Bill Nelson asked the Federal Trade Commission to keep a lookout for price gougers ahead of Hurricane Irma’s potential landfall on Florida shores.
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Fantasy sports companies fold as legislative battle resumes
The daily fantasy sports industry sharply contracted since the online games offered by companies like FanDuel and DraftKings sparked court and legislative battles across the United States last year. More than two-thirds of companies that existed this time last year have shuttered, changed focus or joined with competitors, according to the Fantasy Sports Trade Association, the industry’s lobbying arm. Among the most prominent examples is the proposed merger between the industry’s two largest companies — Boston’s DraftKings and New York’s…
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Regulators move to stop deal with Office Depot
The Federal Trade Commission said Monday that it is seeking to block the proposed combination of Staples and Office Depot because the deal would reduce competition in the office supplies market. The companies said they plan to fight to preserve the deal. Shares of the two office supply retailers fell sharply. The FTC said corporations rely on Staples and Office Depot to buy pens, paper clips and other supplies at low prices. A deal between Staples and Office Depot would…
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What happens when a child’s identity is stolen?
Welcome to another installation of “my bad luck is your source for information!” About six months ago, I reported my identity had been used by someone somewhere to file an unemployment claim. I was lucky. All it took were a handful of phone calls, a few hours and some mildly aggravating music-on-hold in order to sort the matter out. But just because the thief hadn’t accessed any of my financial information, that didn’t mean I was in the clear. Bank…
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