Latest Antitrust regulation News

Airline merger: Frontier sweetens offer for Spirit Airlines

Jun. 24, 2022 19:56 PM EDT

Frontier Airlines on Friday added more cash and a larger breakup fee to its offer to buy Spirit Airlines, and the Spirit board repeated its preference for Frontier over a rival bid by JetBlue Airways. Frontier added $2 per share to its previous offer, boosting it to $4.13 in cash...

Spirit Air engages with JetBlue ahead of shareholder vote

Jun. 14, 2022 12:01 PM EDT

NEW YORK (AP) — Spirit Airlines, the target of a budget airline bidding war, said Tuesday that its board has been in talks with JetBlue about last week's buyout offer while remaining engaged with Frontier Airlines, with which Spirit has already reached a merger agreement. Spirit...

Yelp CEO says abortion rights stand is a risk worth taking

Jun. 13, 2022 09:51 AM EDT

Many major companies have chosen to stay quiet on the abortion debate, but Yelp and its CEO Jeremy Stoppelman have chosen a different path. The San Francisco-based online reviews site is among the handful of companies covering travel costs for employees and their dependents who must...

FTC Chair Khan plans key work on kids' data privacy online

Jun. 09, 2022 06:48 AM EDT

WASHINGTON (AP) — The head of the Federal Trade Commission says the agency is pushing a robust agenda of actions and policies to help safeguard children's privacy online. The ongoing work will include toughened enforcement of a long-standing law governing kids’ online privacy and...

Investor-advisory firm backs latest Frontier bid for Spirit

Jun. 03, 2022 13:47 PM EDT

NEW YORK (AP) — The decision by Frontier Airlines to sweeten its offer for Spirit Airlines paid dividends Friday when an investor-advisory firm recommended the deal to Spirit shareholders. Glass Lewis supported the deal after Frontier added a $250 million breakup fee to the...

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...