Latest Antitrust regulation News
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...
Judge dismisses lawsuit against New Mexico health provider
ALBUQUERQUE, N.M. (AP) — A U.S. district judge has dismissed a lawsuit filed by a group of cancer doctors against a New Mexico health care provider after she found no violations of federal antitrust laws. The Albuquerque Journal reported Thursday that New Mexico Oncology and Hematology Consultants Ltd....
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...
Sanders announces $150B plan to expand broadband access
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
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
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
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...
Lexington could lose the Legends under MLB proposal
LEXINGTON, Ky. (AP) — The Lexington Legends are bracing for an uncertain future in 2021 as Major League Baseball considers axing the Legends and 41 other minor league teams. The Legends were on the proposed list of 42 minor league teams that would be cut under a proposal by the MLB to overhaul minor league...
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...
California discloses Facebook probe, sues for documents
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...
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