NEW YORK — The Federal Trade Commission has ordered information from eight companies that the agency says offer products and services that useIn a Tuesday announcement, the FTC said it was seeking to better understand the “opaque market” of “surveillance pricing” practices using“Firms that harvest Americans’ personal data can put people’s privacy at risk.
In a statement sent to The Associated Press Tuesday, Revionics said that it “does not develop software that recommends pricing targeted to specific individuals” — or use individual consumer data “in any manner.” The software company said its AI price optimization software considers several “market-level factors” to recommend optimal prices, such as historical sales data. Revionics added that its data is often sourced from retail partners — reiterating that it “does not, in any way, conduct operations related to the surveillance of consumers.”
Mastercard did not comment when reached by the AP Tuesday afternoon, but confirmed that it received the FTC's request and would cooperate in the process. The remaining companies did not immediately release additional statements.The pipeline's expansion project, which has so far cost C$34 billion , nearly triples its capacity to ship oil from Alberta to Canada's Pacific coast to 890,000 barrels per day.
PARIS -LVMH sales growth slowed in the second quarter as Chinese shoppers reined in spending on high-end fashion at home, even as demand in Western markets slightly picked up. Sales at the world's biggest luxury group and owner of labels Louis Vuitton, Tiffany & Co. and Hennessy, grew to 20.98 billion euros , a 1% rise on an organic basis, which strips out currency effects and acquisitions.