Latest Antitrust regulation News

Spirit Airlines plans June vote on Frontier's merger offer

May. 11, 2022 17:09 PM EDT

Spirit Airlines shareholders are scheduled to vote June 10 on a $2.9 billion buyout offer from Frontier Airlines. Shareholders will be voting, in effect, whether to take Frontier’s bid and reject a higher offer from JetBlue Airways. The special meeting was detailed...

NCAA clarifies compensation rules but is crackdown likely?

May. 09, 2022 18:16 PM EDT

Eleven months after the NCAA lifted most of its restrictions against athletes cashing in on their fame, college sports leaders are trying to send a warning to schools and boosters it believes have crossed a line: There are still rules here and they will be enforced. But following...

European Union moves forward in antitrust case against Apple

May. 02, 2022 08:13 AM EDT

BRUSSELS (AP) — The European Union stepped up its antitrust case against Apple on Monday, accusing the company of abusing its dominant position by limiting access to technologies allowing contactless payment. The 27-nation bloc's executive arm, the European Commission, has been...

EXPLAINER: What's next now that Twitter agreed to Musk bid?

Apr. 25, 2022 18:33 PM EDT

Twitter’s acceptance of Elon Musk’s roughly $44 billion takeover bid brings the billionaire Tesla CEO one step closer to owning the social media platform. The deal is expected to close sometime this year. But before that, shareholders still have to weigh in, as well as regulators...

DaVita, ex-CEO Thiry acquitted of labor collusion charges

Apr. 15, 2022 19:13 PM EDT

DENVER (AP) — A jury on Friday acquitted Denver-based dialysis giant DaVita Inc. and former chairman and CEO Kent Thiry of charges that they conspired with three competing firms not to hire certain employees from each other, in violation of federal labor law. The Denver federal...

Mexico high court OKs preference for state power plants

Apr. 07, 2022 21:20 PM EDT

MEXICO CITY (AP) — Mexico’s Supreme Court deemed constitutional Thursday a controversial energy law pushed by President Andrés Manuel López Obrador that gives government-owned power plants preference over private competitors. The law took effect in March 2021, but a number of...

Did Amazon violate federal laws? Lawmakers ask for DOJ probe

Mar. 09, 2022 17:45 PM EST

WASHINGTON (AP) — Lawmakers followed through Wednesday on their threat to seek a criminal investigation of Amazon, asking the Justice Department to investigate whether the tech giant and senior executives obstructed Congress or violated other federal laws in testimony on its competition...

Beefing up its cybersecurity, Google buys Mandiant for $5.4B

Mar. 08, 2022 13:37 PM EST

SILVER SPRING, Md. (AP) — Google is fortifying its cloud services with a $5.4 billion acquisition of the cyber security firm Mandiant, the companies announced Tuesday. The acquisition is the first of many that analysts foresee in the cyber security sector following Russia’s...