The UK’s Competition and Markets Authority (CMA) has confirmed it will launch an initial investigation into the proposed acquisition of Shutterstock by Getty Images, two of the world’s largest stock image providers.
The Office of the Comptroller of the Currency (OCC) has published its latest round of enforcement actions, and the list makes for a telling snapshot of the different ways trust in the banking system can fray. On one end, a small Illinois bank is under pressure to fix fundamental weaknesses in capital and planning. On the other, a string of former tellers and managers from some of the country’s biggest banks have been banned from the industry for dipping into customer funds.
Australia’s communications watchdog has released new guidance to help television manufacturers adapt to the nation’s forthcoming TV prominence framework, a regulatory shift designed to ensure Australian audiences can more easily find free-to-air channels and their digital counterparts.
A federal court has handed down a major financial blow to CVS Caremark, ordering the pharmacy benefit manager to pay nearly $290 million in damages and penalties for defrauding the Medicare Part D program. The ruling caps a whistleblower case that began more than a decade ago and underscores the steep consequences companies face for overbilling federal health programs.
The Federal Trade Commission has filed suit against the operators of LA Fitness, accusing the company of making it unnecessarily difficult for consumers to cancel gym memberships and related services that continued indefinitely unless cancelled.
Allied Stone, a Dallas-based supplier of countertops and cabinetry, has agreed to pay $12.4 million alongside its president, Jia “Jerry” Lim, to resolve allegations that they skirted U.S. trade laws by dodging duties on Chinese quartz imports.
Fans who have stared at a frozen Ticketmaster page only to see “sold out” flashing back minutes later know the frustration. Now, the Federal Trade Commission says that frustration wasn’t always bad luck. It was, at least in part, the work of a Maryland-based ticket broker accused of gaming the system on a massive scale.