Latest Antitrust regulation News

Sprint exec messages suggest T-Mobile deal may boost prices

Dec. 9, 2019 6:32 PM EST

NEW YORK (AP) — Messages by a Sprint executive revealed in federal court suggested he thought an acquisition by T-Mobile might push up mobile-service prices for consumers, undercutting T-Mobile's argument that its deal will benefit Americans. The text messages, presented by attorneys for a coalition of...

State AGs look to head off T-Mobile-Sprint deal in court

Dec. 6, 2019 3:22 PM EST

NEW YORK (AP) — A high-drama telecom deal is heading to court. T-Mobile, in its attempt to buy Sprint for $26.5 billion, has already notched approvals from key federal regulators. Now it must convince a federal judge that the 14 state attorneys general suing to stop the deal are wrong. A trial starts...

Sanders announces $150B plan to expand broadband access

Dec. 6, 2019 8:32 AM EST

WASHINGTON (AP) — Democratic presidential candidate Bernie Sanders is promising to invest $150 billion to bring high-speed internet to “every household in America” while breaking up and better regulating monopolies he says currently limit access to drive up their profits. The Vermont senator...

Judge upholds arbitration in Las Vegas newspaper battle

Dec. 5, 2019 2:32 PM EST

LAS VEGAS (AP) — A Nevada judge has upheld an arbitrator’s finding in an ongoing legal battle over one of the few remaining U.S. newspaper joint-operating agreements, ruling that the dominant Las Vegas Review-Journal has to submit to an audit and pay profits and expenses that its crosstown rival Las...

The small-town movie house braces for an unexpected threat

Nov. 27, 2019 2:47 PM EST

NEW YORK (AP) — The Callicoon Theater is a single-screen cinema along the banks of the Delaware River in the Catskills, in rural upstate New York. It has an art-deco facade and 380 seats. “We never sell out,” its box-office phone line promises. There’s not another theater for 30 miles....

This stock trade isn’t free: Schwab scoops up rival for $26B

Nov. 25, 2019 3:48 PM EST

NEW YORK (AP) — Charles Schwab is buying rival TD Ameritrade in a $26 billion stock swap, a blockbuster agreement brought about by massive disruption in the online brokerage industry. Bowing to competitive pressure, brokerages have made it free for customers to trade U.S. stocks online. A combination of...

Top antitrust enforcer warns Big Tech over data collection

Nov. 8, 2019 8:01 PM EST

CAMBRIDGE, Massachusetts (AP) — The Justice Department's top antitrust official warned Big Tech companies Friday that the government could pursue them for anticompetitive behavior related to their troves of user data, including for cutting off data access to competitors. "Antitrust enforcers cannot turn a...

California discloses Facebook probe, sues for documents

Nov. 6, 2019 5:58 PM EST

California's attorney general disclosed an ongoing probe into Facebook's privacy practices Wednesday, as it sued the company over its repeated refusal to turn over documents and answer questions. California Attorney General Xavier Becerra said his probe has been going on for more than a year. He said he was...

47 attorneys general back antitrust probe into Facebook

Oct. 22, 2019 3:24 PM EDT

NEW YORK (AP) — Facebook's latest foes: nearly every U.S. state. A state-level antitrust investigation into the social networking giant now has the backing of a bipartisan group of 47 attorneys general, New York Attorney General Letitia James said Tuesday. The Democrat launched the probe last month with...

Facebook ramps up election security efforts ahead of 2020

Oct. 21, 2019 4:03 PM EDT

With just over a year left until the 2020 U.S. presidential election, Facebook is stepping up its efforts to ensure it is not used as a tool to interfere in politics and democracies around the world. The efforts outlined Monday include a special security tool for elected officials and candidates that monitors...