Walmart pays $1.9 million to settle FTC allegations of drug promotion

Walmart will pay $1,903,539 in damages to settle a federal complaint alleging that it sold low-cost prescription drugs through a trade promotion that violated federal regulations.The FTC said Walmart promoted drugs through its retail outlets to consumers in California, Hawaii, New York, Pennsylvania and Texas.The complaint filed Friday says Walmart was involved in “a scheme […]

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Fanduel to buy a majority stake in HBO for $3 billion

Fanduels top executive said Wednesday the entertainment giant is buying a majority share of HBO, an investment that could boost the company’s value and help make it more competitive with other streaming-video companies.The deal is valued at $3.2 billion, the person familiar with the matter said.HBO is expected to report quarterly earnings on Wednesday, though […]

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