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FTC, 22 states sue Amazon over ad prices
The Federal Trade Commission and 22 states have filed a lawsuit against online retailer Amazon claiming that it defrauded advertising customers. The lawsuit was filed Monday in the U.S. District Court in the Western District of Washington.
It claims Amazon overcharged 1.2 million advertising customers by misleading them on prices for online auctions for ads. The complaint says Amazon said it was offering competitive prices on several ad products when it was actually inflating auction prices. FTC Chairman Andrew Ferguson says millions of advertising customers were misled into paying higher prices. Amazon says the allegations are false.
Nissan, Honda agree to work on software jointly
Japanese automakers Nissan and Honda are going to jointly develop computer parts and software for vehicles set to enter the market in fiscal 2029. Under the deal, announced Monday, the two automakers will share standardized parts in "core ECUs," or "electronic control units," as well as software.
The companies started talks in 2024 to work together in developing electric vehicles and auto intelligence technology to pool resources. Competition in the auto industry is increasingly intensifying in new technology like automated driving and zero emissions. Each vehicle is starting to be more like a computer, rather than the old gas-guzzling engines.
Trump asked Apple Maps to change Lake Ontario
U.S. President Donald Trump has asked Apple to change the name of Lake Ontario to "Lake America" on its maps app, his administration's interior chief said Monday -- days after signing an executive order over the body of water now in the spotlight amid his escalating trade war with Canada.
Interior Secretary Doug Burgum told Fox that Trump "reached out to Apple directly." Apple did not immediately comment. Just over the weekend, competitor Google Maps rolled out the new label for its U.S. users. The move echoes Trump's order last year to rename the Gulf of Mexico the Gulf of America -- and both Apple and Google updated their maps in the U.S. soon after.
US plans to sanction bank in effort to stifle Iran
Treasury Secretary Scott Bessent says the Trump administration plans to impose sanctions on another bank this week in effort to clamp down on Iran transactions.
Bessent spoke with The Associated Press on Sunday ahead of Group of 20 meetings in Asheville, North Carolina, where he will huddle individually with his counterparts from the world's major and developing economies to encourage participation in the economic isolation of Iran. He said in the interview that "This is going to be financial violence if we have to. We are showing people that we know who you are, you know who you are, and this has got to stop."
Judge OKs Smucker's suit against Trader Joe's
A federal judge says J.M. Smucker can proceed with its lawsuit against Trader Joe's over frozen sandwiches that Smucker argues are too similar to its Uncrustables. Smucker sued Trader Joe's in federal court in Ohio last fall.
The suit alleges that Trader Joe's violated Smucker's trademark when it introduced frozen peanut butter and jelly sandwiches with the same round shape and crimped edges as Uncrustables. In court filings, Trader Joe's said the crimped design is functional and Smucker shouldn't be allowed to monopolize it. A federal court judge ruled on Friday that Smucker has sufficiently invested in its product over the past 20 years and customers identify rounded frozen sandwiches with Uncrustables.