Latest Monopoly and antitrust News

Lawsuit: Google, Facebook CEOs colluded in online ad sales

Jan. 14, 2022 16:41 PM EST

Newly unredacted documents from a state-led antitrust lawsuit against Google accuse the search giant of colluding with rival Facebook to manipulate online advertising sales. The CEOs of both companies were aware of the deal and signed off on it, the lawsuit alleges. The original,...

Judge says FTC's antitrust case against Facebook can proceed

Jan. 11, 2022 17:13 PM EST

A federal judge has ruled that the Federal Trade Commission’s revised antitrust suit against Meta, formerly known as Facebook, can proceed, shutting down the social media company’s request for a dismissal. In a revised complaint filed last August, the FTC argues that the...

German watchdog puts Google under closer antitrust scrutiny

Jan. 05, 2022 08:23 AM EST

LONDON (AP) — Germany's antitrust watchdog paved the way Wednesday for extra scrutiny of Google by designating it a company of “paramount significance," the first to get that label since regulators got more power to curb abusive practices by big digital companies. The...

Russian pipeline faces big hurdles amid Ukraine tensions

Dec. 22, 2021 15:29 PM EST

FRANKFURT, Germany (AP) — The pipeline is built and being filled with natural gas. But Russia’s Nord Stream 2 faces a rocky road before any gas flows to Germany, with its new leaders adopting a more skeptical tone toward the project and tensions ratcheting up over Russia’s troop buildup at...

MLB sued by 4 former affiliates over minor league cuts

Dec. 20, 2021 13:37 PM EST

NEW YORK (AP) — Four minor league teams that lost their big league affiliations before the 2021 season have filed an antitrust lawsuit against Major League Baseball, using a law firm that has represented players’ unions. Parent companies of the Staten Island Yankees, Tri-City...

UK antitrust watchdog investigates Microsoft's Nuance deal

Dec. 13, 2021 09:53 AM EST

LONDON (AP) — British antitrust regulators are opening an investigation into Microsoft's $16 billion acquisition of speech recognition company Nuance in the latest sign they're tightening scrutiny of big technology deals. The Competition and Markets Authority said in a brief...

Italy fines Amazon $1.3B, alleging harm to outside sellers

Dec. 09, 2021 06:20 AM EST

MILAN (AP) — Italy’s anti-trust authority on Thursday fined Amazon 1.13 billion euros ($1.3 billion), accusing the company of exploiting its dominant position against independent sellers on its website in violation of European Union competition rules. The fine is one of the...

Key people and background in MLB labor negotiations

Nov. 29, 2021 17:19 PM EST

NEW YORK (AP) — Key people and background in Major League Baseball’s labor negotiations: COLLECTIVE BARGAINING AGREEMENT A five-year contract between MLB and the Major League Baseball Players Association expires at 11:59 p.m. EST on Dec. 1. ...

Biden choice for Justice antitrust post wins Senate approval

Nov. 16, 2021 19:15 PM EST

WASHINGTON (AP) — President Joe Biden’s choice to lead enforcement of competition laws at the Justice Department has won Senate approval as his administration pursues action against outsized market power it has condemned in several industries, including Big Tech, health care, airlines and...

An "eraser button"? Focused ideas could help bridle Big Tech

Nov. 02, 2021 19:26 PM EDT

WASHINGTON (AP) — Break up Big Tech? How about shrinking the tech companies’ shield against liability in cases where the content they push to users causes harm? Or creating a new regulator to strictly oversee the industry? Those ideas have captured official attention...