U.S. regulators, facing resistance from companies including Nestle SA, the world’s biggest food company, and Kellogg Co., scaled back proposed guidelines that may have limited advertising to children for food with added sugars, salt and saturated fat.
Skechers U.S.A. Inc. agreed to pay $45 million to resolve U.S. and state allegations it deceived customers into believing its Shape-ups athletic shoes will help them lose weight and strengthen their buttocks and legs.
The U.S. Federal Trade Commission ended its investigation of Google Inc. ’s collection of data over unsecured wireless networks after the company said it will improve privacy safeguards in its Street View mapping project.
U.S. lawmakers, considering legislation aimed at protecting consumers’ online privacy, said the market for smartphone applications needs to be regulated to prevent the inappropriate sharing of user data.
Bernard Madoff’s investors could lose $3 billion if the liquidator of the con man’s firm doesn’t succeed in overturning a judge’s ruling that dismissed much of his $1 billion claim against the owners of the New York Mets.