Latest Monopoly and antitrust News
Amazon sued by FTC and 17 states over allegations it inflates online prices and overcharges sellers
U.S. regulators and 17 states are suing Amazon over allegations the e-commerce behemoth abuses its position in the marketplace to inflate prices on and off its platform, overcharge sellers and stifle competition. The lawsuit, filed Tuesday in federal court in Amazon's home state of...
Seagen, Activision Blizzard rise; Scholastic, Intel fall, Friday, 9/22/2023
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Friday: Scholastic Corp., down $5.15 to $33.80. The book publisher reported a bigger fiscal first-quarter loss than Wall Street expected. Activision Blizzard Inc., up $1.57...
Google exploited exclusive search engine deals to maintain its advantage over rivals, DOJ argues
WASHINGTON (AP) — Google has exploited its dominance of the internet search market to lock out competitors and smother innovation, the Department of Justice said Tuesday at the opening of the biggest U.S. antitrust trial in a quarter century. “This case is about the future of the...
Google's search engine dominance is at the center of the biggest US antitrust trial in decades
The U.S. government is taking aim at what has been an indomitable empire: Google’s ubiquitous search engine that has become the internet’s main gateway. The legal attack will swing into full force Tuesday in a Washington D.C. federal courtroom that will serve as the battleground...
Google reaches tentative settlement with all 50 states over alleged app store monopoly
All 50 states, the District of Columbia and Puerto Rico have reached an agreement in principle with Google to settle a lawsuit filed in 2021 over the tech giant's alleged monopolistic control of app distribution for the software that runs most of the world's cellphones. The...
Microsoft to stop packaging Teams and Office software in Europe to head off EU antitrust action
LONDON (AP) — Microsoft will stop packaging its Teams videoconferencing app with its Office software in Europe in an effort to head off antitrust penalties by regulators. The tech giant also said Thursday that it would take steps to make it easier for competing products to work...
Allusions to mobster movies and book burning at appeals court hearing on Biden social media contacts
NEW ORLEANS (AP) — Allusions to book burning and mobster movies arose during a federal court hearing Thursday as appellate judges heard arguments on whether the Biden administration crosses the line from legal persuasion to unconstitutional censorship in communications with social media platforms...
Hasbro selling eOne television and movie business to Lionsgate in $500M deal
Hasbro is selling its eOne television and movie business to Lionsgate in an approximately $500 million deal, after having paid $4 billion for the company four years ago. Hasbro said Thursday that the agreement with Lionsgate includes $375 million in cash and the assumption of...
JetBlue warns of a possible 3Q loss as it ends a deal with American and faces flight disruptions
NEW YORK (AP) — JetBlue Airways warned of a possible third-quarter loss and cut its forecast of full-year earnings Tuesday as it terminates a partnership with American Airlines and deals with flight cancellations that it blames on a shortage of air traffic controllers. Shares of...
Broadcom's $69 billion VMware purchase wins UK competition watchdog's approval
LONDON (AP) — Computer chip and software maker Broadcom’s $69 billion plan to buy cloud technology company VMware cleared another hurdle Wednesday after Britain's competition regulator gave the deal provisional clearance. The Competition and Markets Authority said its...
