Latest Antitrust regulation News

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...

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...

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...

FILE - Pedestrians pass the New York Stock Exchange, Friday, Oct. 2, 2020, in New York. Stocks are ticking higher on Wall Street Wednesday, Dec. 23, following a mixed set of reports on the economy. (AP Photo/John Minchillo)

Stocks close higher in holiday shortened week

Dec. 24, 2020 1:39 PM EST

NEW YORK (AP) — Stocks closed slightly higher on Christmas Eve, as investors went into the holiday weekend not bothered by President Donald Trump’s threat not to sign a major economic stimulus package approved by Congress this week. Trading was extremely light in the abbreviated session ahead of...

A security guard mans a checkpoint into the Alibaba Group headquarters in Hangzhou in eastern China's Zhejiang province on Friday, May 27, 2016. Chinese regulators on Thursday, Dec. 24, 2020 announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up official efforts to tighten control over China's fast-growing tech industries. (AP Photo/Ng Han Guan)

China steps up pressure on Alibaba with anti-monopoly probe

Dec. 24, 2020 5:47 AM EST

BEIJING (AP) — Chinese regulators on Thursday announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up the ruling Communist Party’s efforts to control fast-growing tech industries. President Xi Jinping’s government worries about the dominance of competitors such...

FILE - Pedestrians pass the New York Stock Exchange, Friday, Oct. 2, 2020, in New York. Stocks are ticking higher on Wall Street Wednesday, Dec. 23, following a mixed set of reports on the economy. (AP Photo/John Minchillo)

Asian markets advance after S&P 500 snaps losing streak

Dec. 23, 2020 11:27 PM EST

Asian shares were mostly higher on Thursday after stocks eked out small gains on Wall Street following a mixed set of reports on the economy. Benchmarks rose in Tokyo, Hong Kong and Sydney. Stocks fell in Shanghai after China’s market regulator said it has launched an anti-monopoly investigation of...

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