Latest Monopoly and antitrust News

Pedestrians pass the New York Stock Exchange Wednesday, Oct. 14, 2020, in New York. Stocks are mostly lower in Asia after pandemic concerns snapped a four-day winning streak on Wall Street.  US stocks are drifting higher Wednesday, Oct. 21,  as negotiations continue in Washington on more aid for the economy, though prospects remain cloudy that anything can happen soon.(AP Photo/Frank Franklin II)

Asian stocks follow Wall Street lower on lack of US aid plan

Oct. 21, 2020 11:46 PM EDT

BEIJING (AP) — Asian stocks followed Wall Street lower on Thursday as investors watched Washington for signs of whether political leaders can agree on an economic aid plan in the two weeks before the Nov. 3 presidential election. Market benchmarks in Shanghai, Tokyo, Hong Kong and Seoul retreated. On Wall...

FILE - In this March 28, 2012, file photo, Amit Mehta, then the attorney for Dominique Strauss-Kahn speaks in Bronx state Supreme Court in New York.  The Justice Department’s antitrust lawsuit against Google has a judge: Mehta, an Obama appointee who was assigned the case Wednesday, Oct. 21, 2020 in federal court in Washington.  (Stan Honda/Pool Photo via AP, File)

Meet Amit Mehta, the judge for Google's antitrust case

Oct. 21, 2020 4:12 PM EDT

The Justice Department’s antitrust lawsuit against Google has a judge: Obama appointee Amit Mehta, who was assigned the case Wednesday morning in U.S. District Court for the District of Columbia. He went to elite U.S. universities, clerked for an appellate court judge and worked for both a D.C. law firm...

FILE - This Thursday, Jan. 3, 2013, file photo shows Google's headquarters in Mountain View, Calif.  As the Trump administration moves toward antitrust action against search giant Google, it’s campaigning to enlist support from sympathetic state attorneys general across the country. And President Donald Trump is pushing his campaign against Big Tech on Wednesday, Sept. 23, 2020, touting curbs on legal protections for social media platforms he denounces as biased against conservative views.(AP Photo/Marcio Jose Sanchez, File)

If Google's a monopoly, who is harmed by its market power?

Oct. 21, 2020 3:55 PM EDT

Google has long defended itself against charges of monopoly by stressing that its products are free and that no one has to use them. And it's avoided tough government scrutiny for years based in part on the idea that people searching the internet are not Google’s true customers. We’re its product....

Editorial Roundup: US

Oct. 21, 2020 2:11 PM EDT

Excerpts from recent editorials in the United States and abroad: ___ Oct. 21 Los Angeles Times on the U.S. Department of Justice's antitrust lawsuit against Google: The internet has been a powerful source of innovation and opportunity in the half-century since the first electronic message was sent between...

FILE - In this Monday, Nov. 5, 2018 file photo, a woman walks past the logo for Google at the China International Import Expo in Shanghai. By U.S. standards, the Justice Department's move to sue Google this week for abusing its dominance in online search and advertising was a bold move. But it treads on ground already broken years before by EU officials in Brussels. (AP Photo/Ng Han Guan, File)

After years grappling with Google, Europe has tips for US

Oct. 21, 2020 11:39 AM EDT

LONDON (AP) — The U.S. antitrust crackdown on Google might seem like deja vu for European Union regulators. By U.S. standards, the Justice Department's move to sue Google this week for abusing its dominance in online search and advertising was a bold move. But it treads on ground already broken years...

FILE - In this Monday, Nov. 18, 2019, file photo, the logo of Google is displayed on a carpet at the entrance hall of Google France in Paris. The Trump administration's legal assault on Google actually feels like a blast from the past.
The U.S. Justice Department filed an equally high-profile case against a technology giant in 1998. (AP Photo/Michel Euler, File)

Australian watchdog considers its own Google antitrust case

Oct. 21, 2020 2:33 AM EDT

CANBERRA, Australia (AP) — Australia’s competition watchdog will consider its own antitrust case against Google, the commission chairman said Wednesday after the U.S. Justice Department sued the company for abusing its dominance in online search and advertising. Competition and Consumer Commission...

FILE - In this April 17, 2007 file photo, exhibitors work on laptop computers in front of an illuminated sign of the Google logo at the industrial fair Hannover Messe in Hanover, Germany. The Justice Department’s lawsuit against Google alleging antitrust violations marks the government’s most significant attempt to protect competition since its groundbreaking case against Microsoft more than 20 years ago. (AP Photo/Jens Meyer, File)

5 takeaways from the government's lawsuit against Google

Oct. 21, 2020 12:29 AM EDT

WASHINGTON (AP) — The Justice Department's lawsuit against Google alleging antitrust violations marks the government’s most significant attempt to protect competition since its groundbreaking case against Microsoft more than 20 years ago. The lawsuit claims Google has abused its dominance in online...

FILE - In this Monday, Nov. 18, 2019, file photo, the logo of Google is displayed on a carpet at the entrance hall of Google France in Paris. The Trump administration's legal assault on Google actually feels like a blast from the past.
The U.S. Justice Department filed an equally high-profile case against a technology giant in 1998. (AP Photo/Michel Euler, File)

U.S. antitrust case against Google mirrors Microsoft battle

Oct. 21, 2020 12:28 AM EDT

WASHINGTON (AP) — The Trump administration's legal assault on Google actually feels like a blast from the past. The U.S. Justice Department filed an equally high-profile case against a technology giant in 1998, accusing it of leveraging a monopoly position to lock customers into its products so they...

A man looks at an electronic stock board of a securities firm in Tokyo, Wednesday, Oct. 21, 2020. Asian shares mostly rose Wednesday, cheered by the gains on Wall Street as investors welcomed a batch of solid earnings reports from U.S. companies.(AP Photo/Koji Sasahara)

Asian shares rise after Wall Street gains on solid earnings

Oct. 20, 2020 11:19 PM EDT

TOKYO (AP) — Asian shares mostly rose Wednesday, cheered by the gains on Wall Street as investors welcomed a batch of solid earnings reports from U.S. companies. Japan's benchmark Nikkei 225 gained 0.5% in morning trading to 23,676.90. South Korea's Kospi added 0.4% to 2,366.40, while Australia's...

FILE - In this April 17, 2007 file photo, exhibitors work on laptop computers in front of an illuminated sign of the Google logo at the industrial fair Hannover Messe in Hanover, Germany. The Justice Department’s lawsuit against Google alleging antitrust violations marks the government’s most significant attempt to protect competition since its groundbreaking case against Microsoft more than 20 years ago. (AP Photo/Jens Meyer, File)

5 takeaways from the government's lawsuit against Google

Oct. 20, 2020 9:17 PM EDT

WASHINGTON (AP) — The Justice Department's lawsuit against Google alleging antitrust violations marks the government’s most significant attempt to protect competition since its groundbreaking case against Microsoft more than 20 years ago. The lawsuit claims Google has abused its dominance in online...