Latest Monopoly and antitrust News
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...
Google expert at antitrust trial says government underestimates competition for online ad dollars
ALEXANDRIA, Va. (AP) — Federal regulators who say Google holds an illegal monopoly over the technology that matches online advertisers to publishers are vastly underestimating the competition the tech giant faces, an expert hired by Google testified Thursday. Mark Israel, an...
Department of Justice sues Visa, alleges the card issuer monopolizes debit card markets
NEW YORK (AP) — The U.S. Justice Department has filed an antitrust lawsuit against Visa, alleging that the financial services behemoth uses its size and dominance to stifle competition in the debit card market, costing consumers and businesses billions of dollars. The complaint...
