Latest Monopoly and antitrust News

Paying college athletes appears closer than ever. How could it work and what stands in the way?

May. 06, 2024 20:32 PM EDT

A settlement being discussed in an antitrust lawsuit against the NCAA and major college conferences could cost billions and pave the way for a compensation model for college athletes. An agreement has not been finalized and many questions remain unanswered. It is also unclear if new...

Google, Justice Department make final arguments about whether search engine is a monopoly

May. 03, 2024 19:50 PM EDT

WASHINGTON (AP) — Google's preeminence as an internet search engine is an illegal monopoly propped up by more than $20 billion spent each year by the tech giant to lock out competition, Justice Department lawyers argued at the closings of a high-stakes antitrust lawsuit. Google, on...

Judge in landmark antitrust case grills Google, Justice during closing arguments

May. 02, 2024 18:29 PM EDT

WASHINGTON (AP) — The judge overseeing a pivotal antitrust trial focused on whether Google is stifling competition and innovation repeatedly indicated Thursday that he believes it would be difficult for a formidable rival search engine to emerge. U.S. District Judge Amit Mehta went...

Google and Apple now threatened by the US antitrust laws that helped build their technology empires

May. 01, 2024 09:02 AM EDT

SAN FRANCISCO (AP) — The U.S. Justice Department's double-barreled antitrust attack on Google's dominant search and Apple's trendsetting iPhone is reviving memories of the epic battle that hobbled Microsoft before it roared back to yet again become the world's most valuable company. ...

Faced with possibly paying for news, Google removes links to California news sites for some users

Apr. 12, 2024 18:39 PM EDT

SACRAMENTO, Calif. (AP) — Google on Friday began removing California news websites from some people's search results, a test that acted as a threat should the state Legislature pass a law requiring the search giant to pay media companies for linking to their content. Google...

Movie Review: ‘Food, Inc. 2’ revisits food system, sees reason for frustration and (a little) hope

Apr. 11, 2024 16:20 PM EDT

The makers of the influential 2008 documentary “Food, Inc.” never planned to make a sequel. They figured they’d said it all in their harrowing look at a broken, unsustainable food system — a system led, they argued, by a few multinational corporations whose monopoly squeezes out local...

Visa, Mastercard settle long-running antitrust suit over swipe fees with merchants

Mar. 26, 2024 14:38 PM EDT

NEW YORK (AP) — Visa and Mastercard announced a major settlement with U.S. merchants on Tuesday, potentially ending nearly two decades of litigation over the fees charged every time a credit or debit card is used in a store or restaurant. The deal would lower and cap the fees...

How Europe's regulatory battle with Apple could signal what’s to come for American consumers

Mar. 21, 2024 18:56 PM EDT

LONDON (AP) — It'll likely take years before the U.S. government's massive antitrust lawsuit against Apple is resolved — but the iPhone maker's troubles with European regulators offer a glimpse of what changes American customers may see down the line. The U.S. lawsuit seeks to...

Justice Department sues Apple, alleging it illegally monopolized the smartphone market

Mar. 21, 2024 16:12 PM EDT

WASHINGTON (AP) — The Justice Department on Thursday announced a sweeping antitrust lawsuit against Apple, accusing the tech giant of engineering an illegal monopoly in smartphones that boxes out competitors, stifles innovation and keeps prices artificially high. The lawsuit, filed...

Apple says Justice Department suit alleging illegal monopoly over smartphones in US is 'wrong on the facts and the law'

Mar. 21, 2024 10:57 AM EDT
WASHINGTON (AP) — Apple says Justice Department suit alleging illegal monopoly over smartphones in US is 'wrong on the facts and the law.'