Latest Antitrust regulation News

FILE - In this Oct. 12, 2018, file photo, Chairman of Alibaba Group Jack Ma speaks during a seminar in Bali, Indonesia. China’s highest-profile entrepreneur, e-commerce billionaire Jack Ma, appeared Wednesday, Jan. 20, 2021, in a video posted online, ending a 2 1/2-month disappearance from public view that prompted speculation about his status and his business empire’s future. In the 50-second video, Ma congratulated teachers supported by his charitable foundation and made no mention of his absence from public view and scrutiny of his Alibaba Group and Ant Group by regulators.(AP Photo/Firdia Lisnawati, File)

Jack's back: Chinese e-tycoon ends silence with online video

Jan. 20, 2021 1:44 AM EST

BEIJING (AP) — China’s highest-profile entrepreneur, Jack Ma, appeared Wednesday in an online video, ending a 2 1/2-month absence from public view that prompted speculation about the future of the e-commerce billionaire and his Alibaba Group. In the 50-second video, Ma congratulated teachers...

FILE - In this Oct. 28, 2019 file photo, the logo for fItbit appears above a trading post on the floor of the New York Stock Exchange.  Google has completed its $2.1 billion acquisition of fitness-gadget maker Fitbit. It's a deal that could help the internet company grow even stronger while U.S. government regulators pursue an antitrust case aimed at undermining its power. Thursday, Jan. 14, 2021 completion of the acquisition comes 14 months after Google announced a deal that immediately raised privacy alarms.   (AP Photo/Richard Drew, File)

Google muscles up with Fitbit deal amid antitrust concerns

Jan. 14, 2021 2:23 PM EST

SAN RAMON, Calif. (AP) — Google has completed its $2.1 billion acquisition of fitness-gadget maker Fitbit, a deal that could help the internet company grow even stronger while U.S. government regulators pursue an antitrust case aimed at undermining its power. Thursday's completion of the acquisition comes...

FILE — In this Aug. 20, 2020 file photo, Connecticut Attorney General William Tong speaks to the media during a watch party for the Democratic National Convention, at Dunkin' Donuts Park, in Hartford, Conn. Connecticut authorities are investigating whether Amazon's e-book deals with certain publishers are anticompetitive and violate antitrust laws, state Attorney General William Tong said Thursday, Jan. 14, 2021. (AP Photo/Jessica Hill, File)

Connecticut probing Amazon's e-book deals with publishers

Jan. 14, 2021 1:03 PM EST

HARTFORD, Conn. (AP) — Connecticut authorities are investigating whether Amazon's e-book deals with certain publishers are anticompetitive and violate antitrust laws, state Attorney General William Tong said Thursday. Tong released only a few details of the probe. He said the state attorney general's...

FILE - In this April 4, 2019, file photo, NCAA President Mark Emmert answers questions during a news conference at the Final Four college basketball tournament in Minneapolis. The NCAA is set to delay a potential landmark vote on legislation that would permit college athletes to be compensated for their fame for the first time after the association received a warning from the Department of Justice about potential antitrust violations. NCAA President Mark Emmert on Saturday, Jan. 9, 2020, emailed a letter to Makan Delrahim, assistant attorney general of the DOJ's antitrust division, saying he strongly recommended putting off votes on new name, image and likeness rules by two key legislative bodies that had been scheduled for next week. (AP Photo/Matt York, File)

Emmert: NCAA still expecting to get pay issue done in '21

Jan. 12, 2021 2:17 PM EST

NCAA President Mark Emmert expressed frustration Tuesday with the delay in moving ahead with proposals surrounding athletes' ability to make money and to freely transfer to another school and said he remains committed to getting those things done in 2021. Emmert's remarks came during his state of college...

Lawmakers push for stronger oversight of Dominion's rates

Jan. 12, 2021 9:57 AM EST

RICHMOND, Va. (AP) — A group of Virginia lawmakers is set to push for stricter regulatory oversight of the state's dominant electric utility, saying Dominion Energy's customers have overpaid billions of dollars because of the company's outsized political sway. Virginia’s regulatory structure has...

FILE - In this April 4, 2019, file photo, NCAA President Mark Emmert answers questions during a news conference at the Final Four college basketball tournament in Minneapolis. The NCAA is set to delay a potential landmark vote on legislation that would permit college athletes to be compensated for their fame for the first time after the association received a warning from the Department of Justice about potential antitrust violations. NCAA President Mark Emmert on Saturday, Jan. 9, 2020, emailed a letter to Makan Delrahim, assistant attorney general of the DOJ's antitrust division, saying he strongly recommended putting off votes on new name, image and likeness rules by two key legislative bodies that had been scheduled for next week. (AP Photo/Matt York, File)

After DOJ warning, NCAA to delay vote on compensation rules

Jan. 9, 2021 6:43 PM EST

MIAMI (AP) — The NCAA is set to delay a potential landmark vote on legislation that would permit college athletes to be compensated for their fame for the first time after the association received a warning from the Department of Justice about potential antitrust violations. NCAA President Mark Emmert on...

FILE - In this May 15, 2019, file photo, founder of Alibaba group Jack Ma arrives for the Tech for Good summit in Paris. Ma hasn't been seen in public since he angered regulators with an October 2020 speech. That is prompting speculation about what might happen to the billionaire founder of the world's biggest e-commerce company. (AP Photo/Thibault Camus, File)

Where is Jack Ma, China's e-commerce pioneer?

Jan. 5, 2021 5:09 AM EST

BEIJING (AP) — China’s best-known entrepreneur, e-commerce billionaire Jack Ma, made his fortune by taking big risks. The former English teacher founded Alibaba Group in 1999, when China had few internet users. Online payments service Alipay launched five years later, before regulators said such...

Sale of West Virginia's Mountaineer Gas pending approval

Jan. 2, 2021 10:39 AM EST

BECKLEY, W.Va. (AP) — A Pennsylvania-based company has signed an agreement to purchase the parent company of West Virginia's largest local gas distributor, The Register-Herald reported. UGI Corporation of Pennsylvania has signed a $540 million agreement to buy the Delaware-based Mountaintop Energy...

FILE - In this March 27, 2020, file photo, a man walks past the JD.com logo outside the company's headquarters in Beijing. China’s market regulator on Thursday, Dec. 31, 2020, fined JD.com Inc., a unit of Alibaba Group and a third e-commerce outlet on charges of misreporting prices and other offenses amid a campaign to tighten official control over the booming industry. (AP Photo/Mark Schiefelbein, File)

China fines 3 online vendors for misreported prices, sales

Dec. 31, 2020 1:29 AM EST

BEIJING (AP) — China’s market regulator on Thursday fined JD.com Inc., a unit of Alibaba Group and a third e-commerce outlet on charges of misreporting prices and other offenses amid a campaign to tighten official control over the booming industry. The ruling Communist Party encourages e-commerce...

FILE - In this Oct. 26, 2020, file photo, a view of the signage of Ant Group in the headquarters compound of the fintech giant in Hangzhou in eastern China's Zhejiang province. The People’s Bank of China, the country’s central bank, summoned Ant executives on Saturday, Dec. 26, 2020, and ordered them to formulate a rectification plan and an implementation timetable of its business, including its credit, insurance and wealth management services, the regulators said in a statement Sunday, Dec. 27, 2020.(Chinatopix Via AP, File)

Chinese regulators order Ant Group to rectify its businesses

Dec. 27, 2020 7:50 PM EST

HONG KONG (AP) — Chinese regulators have ordered Ant Group, the world’s largest financial technology company, to rectify its businesses and comply with regulatory requirements amid increased scrutiny of anti-monopoly practices in the country’s internet sector. The People’s Bank of...