Latest Monopoly and antitrust News
T-Mobile CEO says if Sprint deal fails, prices may go up
NEW YORK (AP) — T-Mobile CEO John Legere said if his company's $26.5 billion deal to buy Sprint fails, it may have to raise prices to slow user growth and relieve stress on the T-Mobile network. He said that would be his “worst nightmare.” Legere's testimony came on the fourth day of a...
Sprint exec messages suggest T-Mobile deal may boost prices
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
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...
Judge upholds arbitration in Las Vegas newspaper battle
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...
Google co-founders step aside as antitrust scrutiny heats up
SAN FRANCISCO (AP) — Google’s co-founders are relinquishing their executive positions just as state and federal regulators, not to mention the Department of Justice and Congress, are taking a keen interest in the possible abuse of its privacy practices and market power. But their long foreshadowed...
UK probes Google’s Looker purchase over competition concerns
LONDON (AP) — Britain’s competition watchdog says it’s investigating Google’s purchase of cloud data analytics company Looker Data Sciences, adding to the regulatory pressures the U.S. tech giant is facing. The Competition and Markets Authority said Monday that it has invited...
The small-town movie house braces for an unexpected threat
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....
Texas, Nevada leaving state AGs suit vs T-Mobile-Sprint
The coalition of state attorneys general suing to stop the $26.5 billion merger of Sprint and T-Mobile has lost two more states, Texas and Nevada, two weeks before the trial is scheduled to begin. Both Texas and Nevada said Monday that they made their own settlements with T-Mobile. The coalition of state...
US approves expanding Delta venture with European airlines
WASHINGTON (AP) — The Transportation Department is letting Delta Air Lines, Air France, KLM and Virgin Atlantic expand their joint venture on flights between the U.S. and Europe without worrying about violating antitrust laws. The department on Thursday approved antitrust immunity for the expanded deal,...
Top antitrust enforcer warns Big Tech over data collection
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...
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