Latest Antitrust regulation News

Merger vote at Spirit could reshape discount airline market

Jun. 29, 2022 12:44 PM EDT

DALLAS (AP) — The prospect of a takeover of Spirit Airlines threatens to upend the cheap-fare end of the industry much like a series of mergers among big airlines reduced choices for travelers. Spirit is the largest budget airline in the United States, but its days as a stand-alone...

Senators ask minor leaguers for information on MLB antitrust

Jun. 28, 2022 14:57 PM EDT

WASHINGTON (AP) — The chairman and ranking minority member of the Senate Judiciary Committee sent a letter to an advocacy group for minor leaguers asking questions about baseball's antitrust exemption. Sen. Richard Durbin, an Illinois Democrat who chairs the committee, and Charles...

Frontier and Spirit stocks fall heading into key merger vote

Jun. 27, 2022 18:51 PM EDT

Shares of Frontier Airlines and Spirit Airlines tumbled Monday after their improved merger proposal won a key endorsement just days ahead of a crucial shareholder vote. Frontier CEO Barry Biffle said Monday that he is optimistic Spirit shareholders will approve Frontier’s latest...

Airline merger: Frontier sweetens offer for Spirit Airlines

Jun. 24, 2022 19:56 PM EDT

Frontier Airlines on Friday added more cash and a larger breakup fee to its offer to buy Spirit Airlines, and the Spirit board repeated its preference for Frontier over a rival bid by JetBlue Airways. Frontier added $2 per share to its previous offer, boosting it to $4.13 in cash...

Spirit Air engages with JetBlue ahead of shareholder vote

Jun. 14, 2022 12:01 PM EDT

NEW YORK (AP) — Spirit Airlines, the target of a budget airline bidding war, said Tuesday that its board has been in talks with JetBlue about last week's buyout offer while remaining engaged with Frontier Airlines, with which Spirit has already reached a merger agreement. Spirit...

Yelp CEO says abortion rights stand is a risk worth taking

Jun. 13, 2022 09:51 AM EDT

Many major companies have chosen to stay quiet on the abortion debate, but Yelp and its CEO Jeremy Stoppelman have chosen a different path. The San Francisco-based online reviews site is among the handful of companies covering travel costs for employees and their dependents who must...

FTC Chair Khan plans key work on kids' data privacy online

Jun. 09, 2022 06:48 AM EDT

WASHINGTON (AP) — The head of the Federal Trade Commission says the agency is pushing a robust agenda of actions and policies to help safeguard children's privacy online. The ongoing work will include toughened enforcement of a long-standing law governing kids’ online privacy and...

Investor-advisory firm backs latest Frontier bid for Spirit

Jun. 03, 2022 13:47 PM EDT

NEW YORK (AP) — The decision by Frontier Airlines to sweeten its offer for Spirit Airlines paid dividends Friday when an investor-advisory firm recommended the deal to Spirit shareholders. Glass Lewis supported the deal after Frontier added a $250 million breakup fee to the...

Spirit Airlines plans June vote on Frontier's merger offer

May. 11, 2022 17:09 PM EDT

Spirit Airlines shareholders are scheduled to vote June 10 on a $2.9 billion buyout offer from Frontier Airlines. Shareholders will be voting, in effect, whether to take Frontier’s bid and reject a higher offer from JetBlue Airways. The special meeting was detailed...

NCAA clarifies compensation rules but is crackdown likely?

May. 09, 2022 18:16 PM EDT

Eleven months after the NCAA lifted most of its restrictions against athletes cashing in on their fame, college sports leaders are trying to send a warning to schools and boosters it believes have crossed a line: There are still rules here and they will be enforced. But following...