Latest Antitrust regulation News

Meet Big Tech's new foe - a congressman who fought City Hall

Jul. 2, 2019 2:22 PM EDT

PROVIDENCE, R.I. (AP) — Can the congressman who took on an entrenched machine politician in Rhode Island also stand up to Big Tech? David Cicilline, the Rhode Island Democrat now leading a House antitrust investigation into the market dominance of Facebook, Google, Amazon and Apple, is about to find out....

World Bank unit implicated in Latin America graft scandal

Jul. 2, 2019 12:08 AM EDT

BOGOTA, Colombia (AP) — María Victoria Guarín was a key adviser on Colombia's biggest-ever transportation project: a 1,000-kilometer (620-mile) highway across mountainous terrain connecting the capital to busy Caribbean ports. As an investment officer for a World Bank unit, it was her job to help...

2 Norwegian shipping executives indicted in antitrust case

Jun. 27, 2019 1:02 AM EDT

BALTIMORE (AP) — Two Norwegian shipping executives have been indicted on charges that they participated in a sprawling antitrust conspiracy. The case against the two Norwegian businessmen has been unsealed in federal court in Baltimore. It's part of an ongoing U.S. investigation into bid rigging and other...

4 states added to suit to stop $26.5B Sprint-T-Mobile deal

Jun. 21, 2019 1:18 PM EDT

NEW YORK (AP) — Hawaii, Massachusetts, Minnesota and Nevada are joining the legal fight against T-Mobile's $26.5 billion bid for Sprint in a case that lawyers on both sides say they hope will reach trial in October. Beau Buffier, a lawyer for New York state's attorney general, told a judge at a Manhattan...

The Latest: Lawmaker wants Facebook to suspend currency plan

Jun. 18, 2019 5:54 PM EDT

NEW YORK (AP) — The Latest on Facebook's new digital currency (all times local): 5:40 p.m. The head of the House Financial Services Committee wants Facebook to suspend plans for a new currency until Congress and regulators are able to study it more closely. In asking Facebook to put the Libra currency...

Appeals court upholds blocking of health care merger

Jun. 13, 2019 5:21 PM EDT

BISMARCK, N.D. (AP) — A federal appeals court has upheld a ruling blocking a proposed merger between Sanford Health and Mid Dakota Clinic. The 8th U.S. Circuit Court of Appeals on Thursday affirmed U.S. Magistrate Judge Alice Senechal's preliminary injunction in 2017 blocking the merger. North Dakota...

Justice's antitrust chief sketches how he'll assess big tech

Jun. 11, 2019 9:41 PM EDT

WASHINGTON (AP) — The U.S. Justice Department's antitrust chief suggested Tuesday he'll take a broad view of how competition is harmed when assessing whether big tech firms should be broken up. Assistant Attorney General Makan Delrahim also was clear in a speech in Israel that he is well aware that just...

Tech on trial: House mulls antitrust help for news industry

Jun. 11, 2019 5:47 PM EDT

WASHINGTON (AP) — Members of both parties on Tuesday suggested legislation may be necessary for the financially-struggling U.S. news industry as lawmakers began a bipartisan investigation into the market dominance of Silicon Valley companies. At a hearing of the House Judiciary Committee's antitrust panel,...

States sue to stop $26.5 billion Sprint-T-Mobile deal

Jun. 11, 2019 5:16 PM EDT

NEW YORK (AP) — A group of state attorneys general led by New York and California filed a federal lawsuit Tuesday to block T-Mobile's $26.5 billion bid for Sprint, citing consumer harm. The state attorneys general said the promised benefits, such as better networks in rural areas and faster service...

The Latest: States sue to stop $26.5B Sprint-T-Mobile deal

Jun. 11, 2019 12:53 PM EDT

NEW YORK (AP) — The Latest on T-Mobile-Sprint lawsuit (all times local): 12:25 p.m. A group of state attorneys general led by New York and California are filing a lawsuit to block T-Mobile's $26.5 billion bid for Sprint, citing consumer harm. The state AGs say the merger would hurt competition and drive up...