For Release: May 30, 1997 CVS To Divest 120 Revco Drug Stores in VA, NY To Settle FTC Charges...
CVS Corporation has agreed with the Federal Trade Commission to divest a total of 120 Revco drug stores or pharmacy counters -- 114 stores in Virginia and six pharmacy counters in the Binghamton, New York, area -- in order to maintain a level of competition that otherwise would have been substantially reduced by the CVS/Revco merger, the FTC said today.
For Release: May 30, 1997 Announced Action(s) for May 30, 1997
The FTC has approved the application of Hoechst AG, a German firm, to divest the "Mesalamine" assets of Copley Pharmaceutical Inc., a company in which Hoechst holds a majority interest, to Teva Pharmaceuticals USA, Inc., of Sellersville, Pennsylvania.
For Release: May 28, 1997 FTC Seeks Discussion on Franchise Rule
The Federal Trade Commission will host 6 public workshops in 5 cities across the country to encourage public participation in the rulemaking proceeding on the rule that requires franchise sellers to disclose specific information about the franchise system to prospective buyers before a sales agreement is completed.
May 27, 1997
For Release: May 27, 1997 Regulatory Reform Update: FTC Extends Public Comment Period on "Prescription Release Rule"
The Federal Trade Commission has extended the public comment period on whether to modify, rescind or retain the provisions of the Ophthalmic Practice Rules, which require eye care practitioners to release eyeglass prescriptions to their patients -- the "Prescription Release Rule" -- until September 2, 1997.
For Release: May 23, 1997 Announced Action(s) for May 23,1997
The order with Schering-Plough Healthcare Products, Inc., of Memphis, Tennessee, settles charges over ads allegedly claiming that one application of Coppertone Kids 6-Hour Waterproof Sunblock provides six hours of protection from the sun for children engaged in sustained vigorous activity in and out of the water.
For Your Information: May 20, 1997 Announced Action(s) for May 20, 1997
The FTC has approved the application of J.C. Penney Company, Inc., of Plano, Texas, and Thrift Drug, Inc., of Pittsburgh, Pennsylvania, to divest 130 Rite Aid stores located in North Carolina and Charleston, South Carolina, and 34 Thrift stores located in the Charlotte-Gastonia-Rock Hill and Raleigh-Durham-Chapel Hill areas of North and South Carolina, to New Kerr Drug, Inc., of 2522 S. TriCenter Boulevard in Durham, North Carolinia 27713.
May 16, 1997
For Your Information: May 16, 1997 Announced Action(s) for May 16, 1997 Phillips Petroleum Company, of Bartlesville, Oklahoma, has applied for FTC approval to divest approximately 160 miles of its natural gas pipeline system in Oklahoma to KN Gas Gathering, Inc., of Douglas, Wyoming.
May 14, 1997
For Your Information: May 14, 1997 Yellowstone Physicians, L.L.C.
Staff of the Federal Trade Commission have advised Yellowstone Physicians, L.L.C., a proposed multispecialty physician network joint venture in Billings, Montana, that they have no present intention to recommend a challenge to the formation and operation of the network.
For Your Information: May 13, 1997 Announced Action(s) for May 13, 1997
The FTC has approved the application of Baxter International, Inc., of Deerfield, Illinois, to divest its Autoplex assets to NABI, of Boca Raton, Florida. Autoplex is a plasma product used for the treatment of Factor VIII inhibitors in hemophiliacs.
For Release: May 9, 1997 FTC Law Judge Upholds Charges: Brake Guard Add-On Brakes Are Not ABS
A Federal Trade Commission Administrative Law Judge has found that advertisements that claimed an add-on braking system performed as effectively as factory-installed ABS brakes are false, and has barred the marketers from using the term ABS in marketing their brakes.
For Release: May 5, 1997 FTC Settlement with World Class Network Could Net $3 Million in Consumer Redress
World Class Network, Inc., a multi-level marketer of travel agent credentials and a work- at-home travel agency business opportunity, which was charged by the Federal Trade Commis sion in a March 1997 crackdown on travel-related fraud, has agreed along with four individual defendants in the case to pay more than $3 million into a consumer redress fund.
May 2, 1997
For Your Information: May 2, 1997 Announced Action(s) for May 2, 1997 Baxter International, Inc., of Deerfield, Illinois, has applied for FTC approval to divest by license the Immuno Fibrin Sealant assets, a product in development that will be used to control bleeding in surgical procedures, to Haemacure Corporation, a Canadian firm.