SEATTLE — Amazon has reached a historic $2.5 billion settlement with the Federal Trade Commission, which said the online retail giant tricked customers into signing up for its Prime memberships and made it difficult for them to cancel after doing so. The Seattle company will pay $1 billion in civil penalties — the largest fine in FTC history, and $1.5 billion will be paid to consumers who were unintentionally enrolled in Prime, or were deterred from canceling their subscriptions, the agency said Thursday. Eligible Prime customers include those who may have signed up for a membership via the company’s “Single Page Checkout” between June 23, 2019 to June 23, 2025. The Federal Trade Commission sued Amazon in U.S. District Court in Seattle two years ago alleging more than a decade of legal violations. That included a violation of the Restore Online Shoppers’ Confidence Act, a 2010 law designed to ensure…
WASHINGTON — Americans are more likely to watch newly released movies from the comfort of their own homes instead…
Jerry Greenfield, co-founder of the Ben & Jerry’s ice cream brand, has stepped down from the company he started…
LimeWire, the filesharing service that set the internet ablaze in the 2000s before being shut down for copyright infringement,…
Fast-food restaurants are losing breakfast customers to convenience stores. Morning meal traffic to fast-food chains rose 1% in the…
The Labor Department has announced an inquiry into the Bureau of Labor Statistics over recent changes to its data…
Shares of Kenvue fell more than 10% on Friday after a report that Health Secretary Robert F. Kennedy Jr.…
The average rate on the 30-year fixed mortgage dropped 16 basis points to 6.29% Friday, according to Mortgage News…
David Ellison continues to put his stamp on Paramount after its acquisition by Skydance. The CEO and chairman told…
