monopolistic practices

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Millions Are About to Receive Some Cash From Google

Company agrees to $700M settlement with consumers, states on high fees for app developers

(Newser) - More than 100 million consumers are eligible to receive funds from Google as part of an antitrust payout worth $700 million over fees Google charged in its app store. Per settlement terms released Monday , the tech giant will deposit $630 million into a fund that will dole out compensation to...

Largest Antitrust Trial in US in 25 Years Is About to Kick Off

Justice Department takes on Google over its search engine dominance

(Newser) - Google will confront a threat to its dominant search engine beginning Tuesday when federal regulators launch an attempt to dismantle its internet empire in the biggest US antitrust trial in a quarter century. Over the next 10 weeks, federal lawyers and state attorneys general will try to prove Google rigged...

Google Scraps Partnership With Yahoo

Search giant proves unwilling to fight antitrust regulators over deal

(Newser) - Google canceled its search-advertising partnership with Yahoo rather than fight a Department of Justice lawsuit over antitrust concerns, CNET reports. The company gave up on the deal after Justice said it was not satisfied with the companies’ revisions to the deal and would sue to block it.

Feds Dig Into Price-Fixing by Egg, Tomato Processors

New inquiries add to list of investigations

(Newser) - The Justice Department is investigating allegations of price-fixing by tomato and egg processors, the Wall Street Journal reports today. California processor SK Foods is facing allegations it bribed buyers at six companies to pay inflated prices for tomato paste and chili peppers. Tomato prices have surged 16% over the past...

FTC Opens Antitrust Investigation of Intel

Smaller rival AMD has long accused it of unfair practices

(Newser) - The FTC has opened a formal investigation of Intel over allegations of monopolistic business practices, the Wall Street Journal reports. The world's biggest semiconductor company, which denies any wrongdoing, received a subpoena this week. Intel also learned that it faces a $25.4 million antitrust fine from South Korea, even...

Diamonds Are a Girl's Best Refund
Diamonds
Are a Girl's
Best Refund
Jan 21, 2008 10:13 AM CST

Diamonds Are a Girl's Best Refund

Class-action suit forces gem giant De Beers to cut consumers a check

(Newser) - If you bought a diamond—any diamond—between 1994 and 2006, De Beers owes you money. The jewelry behemoth recently settled a class-action lawsuit that accused it of driving up diamond prices with monopolistic practices. To compensate, it will pay consumers up to 59% of their bling’s original price....

6 Stories