PepsiCo. has retained a veteran competition lobbyist as the food and beverage giant works to refute allegations that it engaged in price discrimination against retailers.

"We have a constitutional obligation to treat the Robinson-Patman Act as valid law, and to make enforcement decisions accordingly," Federal Trade Commission Chair Andrew Ferguson wrote in January.

In the suit, the FTC said PepsiCo gave pricing advantages to one large chain but did not give those incentives to smaller retailers.

CVS Health Inc (NYSE:CVS) on Tuesday named Brian Newman as executive vice president and chief financial officer designate, ...

Tesla's (TSLA) stock gains extend to their second-day gains after a steep drop. Federal Trade Commission's (FTC) regulators are asking a judge to delay their trial start against Amazon Prime (AMZN).