Latest Monopoly and antitrust News
US regulators seek to break up Google, forcing Chrome sale as part of monopoly punishment
U.S. regulators want a federal judge to break up Google to prevent the company from continuing to squash competition through its dominant search engine after a court found it had maintained an abusive monopoly over the past decade. The proposed breakup floated in a 23-page document...
Will the antitrust showdown launched under Biden turn into 'Let's Make A Deal' under Trump?
SAN FRANCISCO (AP) — The U.S. antitrust watchdogs that pounced on Big Tech and deterred corporate deal making throughout President Joe Biden's administration may be kept on a shorter leash by Donald Trump after he returns to the White House next year. Although regulators began...
EU slaps Meta with a nearly 800 million euro fine for engaging in 'abusive' Marketplace practices
LONDON (AP) — European Union regulators issued their first antitrust fine to Facebook parent Meta on Thursday with a penalty of nearly 800 million euros for what they call “abusive practices” involving its Marketplace online classified ads business. The European Commission,...
Justice Department sues to block UnitedHealth Group's $3.3 billion purchase of Amedisys
NEW YORK (AP) — The Justice Department is suing to block UnitedHealth Group's $3.3 billion purchase of Amedisys, citing concerns the combination would hinder access to home health and hospice services in the U.S. The antitrust complaint, filed in Maryland by the Justice Department...
Corning faces EU antitrust scrutiny over Gorilla Glass deals with phone makers
LONDON (AP) — Corning is facing European Union antitrust scrutiny after the bloc's watchdog said Wednesday it's investigating the speciality glass maker's exclusive deals for its Gorilla Glass used in cellphones. The European Commission, the 27-nation EU's top antitrust enforcer,...
Google's moneymaking machine still pumping out massive profits despite multiple threats
SAN FRANCISCO (AP) — Google is still thriving while the company navigates through a pivotal shift to artificial intelligence and battles regulators trying to topple its internet empire. The latest evidence of Google’s prosperity emerged Tuesday with the release of its corporate...
US considers asking court to break up Google as it weighs remedies in the antitrust case
The U.S. Department of Justice is considering asking a federal judge to break up Google after its ubiquitous search engine was declared an illegal monopoly, but it is just one of many possible remedies under review, according to a court filing. In court papers filed late Tuesday,...
Google loses final EU court appeal against 2.4 billion euro fine in antitrust shopping case
LONDON (AP) — Google lost its final legal challenge on Tuesday against a European Union penalty for giving its own shopping recommendations an illegal advantage over rivals in search results, ending a long-running antitrust case that came with a whopping fine. The European...
Federal judge orders Google to open its Android app store to competition
SAN FRANCISCO (AP) — A federal judge on Monday ordered Google to tear down the digital walls shielding its Android app store from competition as punishment for maintaining an illegal monopoly that helped expand the company's internet empire. The injunction issued by U.S. District...
Judge rules the FTC can proceed with antitrust lawsuit against Amazon, tosses out few state claims
A federal judge said the Federal Trade Commission can proceed with its landmark antitrust lawsuit against Amazon. But, he also gave the company a small victory by tossing out a few claims made by states involved in the legal fight. The order, issued last week by Judge John H. Chun...
