Latest Monopoly and antitrust News
Appeals court restores promoter's lawsuit against FIFA
NEW YORK (AP) — A promoter’s lawsuit against FIFA and the U.S. Soccer Federation can proceed toward trial after a lower-court judge had thrown it out, a federal appeals court decided Tuesday. The 2nd U.S. Circuit Court of Appeals ruled in the lawsuit by Relevant Sports,...
US sues to block JetBlue from buying Spirit Airlines
The Biden administration sued to block JetBlue Airways' $3.8 billion purchase of Spirit Airlines, saying Tuesday that the deal would reduce competition and drive up air fares for consumers. The Justice Department said the tie-up would especially hurt cost-conscious travelers who...
Meta to buy VR startup Within after favorable court ruling
A federal judge has sided with Facebook parent Meta and cleared the way for the company to buy virtual reality startup Within Unlimited, the maker of the popular fitness app Supernatural. Federal antitrust regulators had sought to block the acquisition on the grounds that it would...
Lawsuit: Vegas Strip resorts used vendor to fix hotel rates
LAS VEGAS (AP) — A federal lawsuit in Nevada is seeking class-action damages for countless hotel patrons who booked rooms in Las Vegas since 2019, alleging that most hotel-casinos on the Las Vegas Strip have used a third-party vendor to illegally fix prices. The complaint filed...
Puerto Rico selects company to privatize power generation
SAN JUAN, Puerto Rico (AP) — Puerto Rico privatized its electricity production on Wednesday, selecting Genera PR to take over the operation and maintenance of state power generation units in the U.S. territory as part of an initial $22.5 million annual contract. The announcement...
Justice Dept. sues Google over digital advertising dominance
WASHINGTON (AP) — The Justice Department and eight states filed an antitrust suit against Google on Tuesday, seeking to shatter its alleged monopoly on the entire ecosystem of online advertising as a hurtful burden to advertisers, consumers and even the U.S. government. The...
