Starwatch consumer | CVS investigated

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CVS investigated

The Federal Trade Commission is investigating some of CVS Caremark Corp.’s business practices, the company said Thursday. The drugstore chain and pharmacy benefits manager did not disclose the details of the “nonpublic investigation,” but it said it has not violated any antitrust laws. CVS suggested that the FTC inquiry is connected to complaints made by the Change to Win coalition of labor unions. Change to Win has said CVS Caremark’s size and buying power is bad for consumers, and it has accused CVS of stocking expired products and violating patients’ privacy, among other issues.

Mortgage rates fall

Mortgage rates for 30-year fixed home loans fell for the first time in a month this week as the Federal Reserve pledged to keep its benchmark rate near zero. The average 30-year mortgage rate declined to 4.98 percent from 5.03 percent. The 15-year rate was 4.40 percent, mortgage buyer Freddie Mac said.

For more consumer news, go to Dollars & Sense at economy.kansascity.com.

Posted on Thu, Nov. 05, 2009 11:21 PM

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