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FTC Approves Settlement with Facebook

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  • Description

    FBN’s Adam Shapiro on the FTC approving a settlement with Facebook over privacy settings.

  • Duration 0:57
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I'm Adam Shapiro of Fox Business week JPMorgan Chase one of federal -- -- preliminary approval for a 100 million dollar class action settlement.

With some of its credit card customers according to Reuters the bank was accused of improperly trying to generate higher fees boosting -- users minimum payments.

The Federal Trade Commission approved a settlement with FaceBook over privacy settings the deal requires FaceBook.

To obtain a user's consent before sharing their information beyond establish privacy settings.

FaceBook was accused of telling users they could keep their information private and then repeatedly allowing it to be shared and made public.

Express Scripts says it's planning to get out of several businesses that are not key to its pharmacy benefit operations the company says.

It plans -- divest its diabetic testing and related businesses.

Express also says plans to dissolve its joint venture in China and wind down its business in Germany and France.

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