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FTC Clears Chevron-Hess Merger
Hess CEO disqualified from Chevron board in merger, FTC Says
The US antitrust regulator will allow Chevron Corp. to proceed with its $53 billion acquisition of Hess Corp. on the condition Chief Executive Officer John Hess is barred from the supermajor’s board, alleging he improperly communicated with OPEC.
US FTC Allows Chevron-Hess Deal, Bars John Hess From Board
NEW YORK (Reuters) -The U.S. Federal Trade Commission allowed Chevron's $53 billion purchase of Hess Corp on Monday, in an order that barred Hess CEO John Hess from Chevron's board. The FTC's order leaves Exxon Mobil's challenge to the deal, which is expected to stretch deep into next year, as its final hurdle.
Hess CEO’s OPEC Communication Disqualifies Him From Chevron Board, FTC Says
US regulators will allow Chevron Corp. to move forward with its $53 billion acquisition of Hess Corp. but are barring Chief Executive Officer John Hess from joining the supermajor’s board, saying he improperly communicated with OPEC.
Business Insider on MSN
1h
Amazon just won a partial victory against the FTC
In September 2023, the
FTC
sued Amazon for stifling competition by punishing vendors who sell their items cheaper on rival ...
7h
on MSN
Wall Street Bets on $8.5 Billion Fashion Deal’s Fate in FTC Case
US antitrust enforcers’ legal battle to kill an $8.5 billion deal marrying Tapestry Inc.’s Coach and Kate Spade brands with ...
10h
on MSN
FTC Warns of Oil-Patch Collusion. Energy Executives See Political Smear.
The agency accuses John Hess of improper talks with OPEC and will block him from joining the board of Chevron, which is ...
7h
on MSN
Amazon wins partial dismissal of US FTC's antitrust lawsuit
Amazon.com Inc won partial dismissal of a U.S. Federal Trade Commission's lawsuit accusing it of maintaining illegal ...
18h
Trump, Harris Might Alter DOJ, FTC Enforcement in Counterintuitive Ways
"It's not a given that a Harris presidency would mirror the Biden administration's aggressive approach to antitrust, said ...
2d
The FTC is finally going after AI scammers
Some reasonable regulations need to be placed on AI companies. Meanwhile, using current laws to go after the bad guys sounds ...
ProgressiveGrocer
18h
KROGER IN COURT: Judge in FTC Case ‘Expeditiously' Working on Decision
The three-week trial in Portland, Ore., featured 30-plus witnesses arguing how the U.S. grocery market should be defined ...
POWER Magazine
9h
FTC Green Guides: The Growing Scrutiny on ‘Clean’ Natural Gas Claims
In an era of increasing environmental awareness, companies, particularly those in the energy sector, face heightened scrutiny ...
2d
The FTC is stepping up its fight against fake AI promises and scams
Operation AI Comply, the FTC's new program, has uncovered five cases where companies used AI to boost deceptive practices.
9h
Capri Stock Jumps as FTC Hearing Sparks Some Optimism on Tapestry Deal
Judge Jennifer Rochon seemed to be looking for a clearer definition of accessible luxury than the government was offering.
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