Latest Antitrust regulation News

Facebook ramps up election security efforts ahead of 2020

Oct. 21, 2019 4:03 PM EDT

With just over a year left until the 2020 U.S. presidential election, Facebook is stepping up its efforts to ensure it is not used as a tool to interfere in politics and democracies around the world. The efforts outlined Monday include a special security tool for elected officials and candidates that monitors...

Sutter Health, California settle massive antitrust case

Oct. 16, 2019 6:40 PM EDT

SAN FRANCISCO (AP) — One of California's largest hospital systems has reached an agreement to settle a massive class-action lawsuit over allegations that it abused its market power and has been overcharging patients for medical bills. Wednesday's announcement of an agreement offered no details but came...

EU orders chipmaker Broadcom to change business practices

Oct. 16, 2019 7:47 AM EDT

BRUSSELS (AP) — European regulators on Wednesday ordered chipmaker Broadcom to change the way it does business with key customers over competition concerns. EU antitrust chief Margrethe Vestager said her department had "strong indications" that Broadcom is "engaging in anticompetitive practices." Her...

Lawmakers: Tech giants have given some of documents sought

Oct. 15, 2019 7:33 PM EDT

WASHINGTON (AP) — Lawmakers investigating the market dominance of Big Tech say they've received part of the information they requested from Google, Facebook, Amazon and Apple, and expect to get the rest soon. Tuesday was the deadline for the companies to provide a broad range of documents to the House...

California hospital chain going to court over high prices

Oct. 10, 2019 3:43 PM EDT

SAN FRANCISCO (AP) — One of California's largest hospital systems is facing a trial over accusations that it has used its market dominance to snuff out competition and overcharge patients for medical bills. The antitrust lawsuit against Sutter Health, which operates 24 hospitals with 5,500 doctors across...

The Latest: Trial delayed against California hospital chain

Oct. 10, 2019 3:03 PM EDT

SAN FRANCISCO (AP) — The Latest on an antitrust trial against one of California's largest hospital systems (all times local): 12 p.m. Opening arguments in a trial against one of California's largest hospital systems have been delayed due to the absence and excusal of several jury members. San Francisco...

Facebook CEO to appear before Congress on currency plan

Oct. 9, 2019 3:35 PM EDT

WASHINGTON (AP) — Facebook CEO Mark Zuckerberg will appear before Congress this month as the tech giant is under pressure from lawmakers and regulators over its massive market power and record of privacy breaches. Rep. Maxine Waters, the California Democrat who heads the House Financial Services Committee,...

EU's top regulator for Big Tech looks to use stronger action

Oct. 8, 2019 12:24 PM EDT

BRUSSELS (AP) — The EU's powerful antitrust chief said Tuesday she's weighing up stronger measures to curb anticompetitive behavior because huge fines that she has levied on tech multinationals aren't working. EU Competition Commissioner Margrethe Vestager didn't offer specifics on possible actions she's...

Can NCAA remain step ahead of latest threat to amateurism?

Sep. 30, 2019 5:46 PM EDT

The NCAA and the billion-dollar enterprise that is big-time college sports have been facing targeted attacks on amateurism rules for more than a decade. Each one threatened to bring down the governing body and fundamentally change college sports forever. The NCAA has lost court cases, made modifications to its...

Markets Right Now: Stocks fall as investors turn cautious

Sep. 26, 2019 4:07 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks fell and bond prices rose as investors turned cautious and shifted money into lower-risk holdings. The selling came as traders weighed the implications of the impeachment inquiry into President Donald Trump and...