antitrust

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House Plans Sweeping Probe of Tech Giants

Investigation to focus on 'concentration of market power'

(Newser) - Tech giants—including Amazon, Apple, Facebook, and Google—will face a "top-to-bottom" antitrust investigation by the House Judiciary Committee. Rep. David Cicilline, leader of the investigation, said Monday it is aimed at the "tremendous concentration of market power" held by the companies more than it is at individual... More »

Looks Like Google Is Facing a Major Probe

From none other than the Dept. of Justice

(Newser) - The US Justice Department is readying an investigation of Google's business practices and whether they violate antitrust law, according to news reports, per the AP . The search giant was fined a record $2.72 billion by European regulators in 2017 for abusing its dominance of the online search market.... More »

Divided Supreme Court OKs Lawsuit Against Apple

iPhone users sued over the App Store

(Newser) - A divided Supreme Court ruled Monday that consumers can pursue an antitrust lawsuit that claims Apple has unfairly monopolized the market for the sale of iPhone apps, the AP reports. New Justice Brett Kavanaugh joined the court's four liberals in rejecting a plea from Cupertino, Calif.-based Apple to... More »

Feds Give Up the Ghost on Standard Oil Breakup

Justice Department wants to drop century-old antitrust efforts

(Newser) - After more than a century, the Justice Department is dropping its effort to break up Standard Oil. A federal court was asked Tuesday to toss out the decree that required John D. Rockefeller to give up control of 37 subsidiaries that helped his company monopolize the oil industry, the Wall ... More »

Warren: Time to Bust Up Google, Amazon

Presidential candidate is going after the giants of tech

(Newser) - Elizabeth Warren wants a fair playing field in the marketplace—and she's going after Big Tech to make it happen. "To restore the balance of power in our democracy, to promote competition, and to ensure that the next generation of technology innovation is as vibrant as the last,... More »

A Giant Merger Is Cleared, Despite DOJ Objections

Appeals court blesses AT&T acquisition of Time Warner

(Newser) - A federal appeals court has cleared AT&T's takeover of Time Warner, rejecting a challenge from the Trump administration, per the AP . The ruling by the US Court of Appeals in Washington came Tuesday in the high-stakes case, approving one of the biggest media marriages ever. The appeals court... More »

Bezos: 'One Day, Amazon Will Fail,' Go Bankrupt

But it's workers' responsibility to 'delay' that demise as long as possible, CEO said

(Newser) - As Amazon prepares to branch out with new headquarters sites in two cities , some employees are concerned what this expansion, and the company's size overall, could ultimately mean for the retailing giant. Their CEO's words on the matter may not be entirely reassuring. "I predict one day... More »

This $69B Deal May Reshape Health Care as We Know It

Proposed CVS-Aetna merger is approved by the DOJ

(Newser) - On Wednesday, CVS all but "cemented the deal" to buy Aetna for $69 billion, by scoring the Justice Department's preliminary approval of the deal, reports CNBC . With that green light comes a condition: that Aetna complete its plan to unload its Medicare Part D prescription drug plan business,... More »

Key Order Floats Around White House, 'Author Unknown'

The document would trigger a federal crackdown on Silicon Valley

(Newser) - President Trump is about to hit America's tech giants with federal antitrust probes, if a newly leaked document holds any water—and it may not hold any water at all, the Washington Post reports. Revealed Friday by Bloomberg , the draft executive order would empower federal agencies to investigate Google,... More »

Collusion Accusations Hit Telecom's 2 Biggest Firms

Verizon, AT&T being investigated by DOJ for possibly suppressing SIM card technology

(Newser) - The word "collusion" is being bandied about again, but this time it involves the world of telecommunications, not DC . Verizon, AT&T, and standards group GSMA tell the AP the Justice Department has opened up an antitrust probe to see if they worked together to make it more difficult... More »

Roger Stone Vows Legal Action After Twitter Suspension

He blames censorship by 'tech left'

(Newser) - Roger Stone has been suspended from Twitter —and he says it's a move that the site will bitterly regret. "They will soon learn they have bitten off more than they can chew," the outspoken President Trump ally tells New York . Stone says he plans to bring... More »

News Outlets Seek Unusual Power in Online Ad Negotiaions

Alliance wants antitrust exemption to negotiate with Facebook, Google

(Newser) - News outlets are seeking permission from Congress for the right to negotiate jointly with Google and Facebook, two companies that dominate online advertising and online news traffic. The News Media Alliance, which represents nearly 2,000 news organizations, said the two companies' dominance have forced news organizations to "play... More »

Google Hit With $2.7B Fine in EU's 'Worst-Kept Secret'

Competition chief Margrethe Vestager says tech giant violated antitrust rules

(Newser) - Don't mess with Margrethe Vestager, even if you're Google. The tech giant found that out Tuesday when, in what Bloomberg calls "the worst-kept secret in Brussels," Europe's competition chief hit it with a $2.7 billion antitrust fine—the largest ever in this kind of... More »

AT&T Pondering Huge 'Land Grab' Media Merger

Sources say firm is in talks with Time Warner

(Newser) - A new communications behemoth may be emerging soon: Insiders tell Bloomberg that over the last few weeks, senior execs from AT&T and Time Warner have been discussing strategies including a possible merger. Reuters notes that telecom companies like AT&T have been making a "land grab" for media... More »

$48B Health Care Deal Could 'Reshape Industry'

Anthem-Cigna news comes just weeks after Aetna-Humana announcement

(Newser) - In a deal that the Wall Street Journal says could "reshape the US health industry," Anthem has agreed to buy Cigna for more than $48 billion—forming a combined entity that will cover more than 53 million people. Just weeks after Aetna announced it plans to acquire Humana... More »

EU Goes After 6 Hollywood Studios

Disney, Paramount, 4 other studios accused of blocking Sky in antitrust filing

(Newser) - The European Union has launched an antitrust case against six major US movie studios, including Disney and Warner Bros, and British satellite broadcaster Sky UK for restricting access across the 28-country bloc. In a statement today, the executive Commission, which assesses antitrust matters for the EU, said it has sent... More »

It's On: EU Goes After Google

Statement of objections issued today

(Newser) - As expected , the EU today made it official: It is going after Google, which was today hit with the first formal antitrust charges it's ever faced, the Wall Street Journal reports. EU regulators also opened a probe into its Android mobile system. Regulators allege that since 2008, Google has... More »

Europe Is Going After Google

EU to begin antitrust case, say reports

(Newser) - Google is about to have a very big and very expensive fight on its hands. The Wall Street Journal reports that Europe's antitrust regulator has decided to file formal charges, which could "theoretically" result in penalties of up to $6 billion. The EU's antitrust chief, Margrethe Vestager,... More »

EU Parliament Says It's Time to Break Up Google

Nonbinding move calls for search to be separated from other services

(Newser) - Europe's parliament has made a statement with a nonbinding vote: Google, the body says, needs to be divided. The European Parliament doesn't actually have power over antitrust matters, the New York Times reports, but the vote says that the EU's competition commissioner should "consider proposals aimed... More »

On What Planet Is the Comcast Merger OK?

Paul Krugman thinks we've gotten too complacent about monopolies

(Newser) - Paul Krugman has just two questions about Comcast's deal to buy Time Warner . "First, why would we even think about letting it go through?" he asks in the New York Times . "Second, when and why did we stop worrying about monopoly power?" The broadband industry is already... More »

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