NEW YORK (CNNMoney.com) -- The head of the Federal Trade Commission has refused to open a formal antitrust investigation of U.S. chipmaker Intel, despite requests by lawmakers, other commissioners, as well as probes by antitrust authorities overseas, according to a published report.
The New York Times reports that FTC chairwoman Deborah P. Majoras has rejected requests to elevate an informal inquiry into a formal investigation, a move which would give the agency's staff the authority to issue subpoenas and compel testimony from executives of the companies involved.
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The FTC site includes news and alerts, consumer protection and anti-trust information.The Federal Trade Commission (FTC) is an independent agency of the United States government, established in 1914 by the Federal Trade Commission Act.
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