Us Antitrust

Amazon wins partial dismissal of US antitrust lawsuit for illegal monopoly

Last year, the FTC alleged Amazon.com, which has 1 billion items in its online superstore, was using an algorithm that pushed up prices US households paid by more than $1 billion

US antitrust trial in Tapestry bid for Capri ends, decision awaited

A US federal judge will decide whether to block the merger that was announced in August 2023, or allow it to proceed, decision could be expected anywhere between three weeks to three months

'US regulators to open antitrust probe against Microsoft, OpenAI & Nvidia'

The US Department of Justice will take the lead in investigating Nvidia while the FTC will examine the conduct of OpenAI and Microsoft

Google, DoJ lawyers to present closing arguments in antitrust case

Lawyers for both the Department of Justice and Google will present arguments on Thursday and Friday to conclude the biggest antitrust case in a quarter century. In closing arguments of a Washington, DC, trial that began last September, regulators will apply the finishing touches to a case alleging Google has turned its search engine into an illegal monopoly that stifles competition and innovation. Regulators claim that Google competed unfairly when it made lucrative deals with Apple and other companies to automatically lock its search engine into smartphones and web browsers. Meanwhile, Google maintains that consumers use its dominant search engine because it is the best available option. Google pays more than USD 10 billion per year for these privileged positions,' argued Kenneth Dintzer, the Justice Department's lead litigator, last September. Google's contracts ensure that rivals cannot match the search quality ad monetisation, especially on phones." Prabhakar Raghavan, Google's

Google, Apple breakups on the agenda as global regulators target tech

Since AT&T was broken up exactly 40 years ago, no company has faced the possibility of a regulator-led break-up in the United States until now

US DoJ files case against Apple claiming illegal monopoly over smartphones

The Justice Department on Thursday announced a sweeping antitrust lawsuit against Apple, accusing the tech giant of engineering an illegal monopoly in smartphones that boxes out competitors and stifles innovation. The lawsuit, filed in federal court in New Jersey, alleges that Apple has monopoly power in the smartphone market and uses its control over the iPhone to engage in a broad, sustained, and illegal course of conduct. The lawsuit which was also filed with 16 state attorneys general is the latest example of the Justice Department's approach to aggressive enforcement of federal antitrust law that officials say is aimed at ensuring a fair and competitive market, even as it has lost some significant anticompetition cases. President Joe Biden has called for the Justice Department and the Federal Trade Commission to vigorously enforce antitrust statutes. The increased policing of corporate mergers and business deals has been met with resistance from some business leaders who have

Apple meets DOJ antitrust chief in last-ditch bid to avoid expected suit

Apple's App Store, which charges developers a commission of either 15% or 30%, has come under heavy criticism by developers and lawmakers

Amazon antitrust lawsuit likely to be long, arduous journey for FTC

Amazon is heading into one of its biggest sales events of the year Prime Day with a lawsuit hanging over its head that accuses it of preventing sellers from hawking their merchandise at lower prices on other sites. The Federal Trade Commission's long-awaited antitrust case is the agency's most aggressive move yet to tame the market power of Amazon, a company that's become synonymous with online shopping and fast deliveries. Under chair Lina Khan, the agency hasn't been shy about taking big swings against some of America's biggest companies and testing the limits of competition law to reverse what many of her supporters see as decades of weak antitrust enforcement. But that approach has also led to some high-profile setbacks, most notably in the FTC's bid to block Microsoft's takeover of Activision Blizzard and Meta's acquisition of the virtual reality startup Within Unlimited. The FTC is appealing the judge's ruling in the Microsoft case. The Amazon case, which was backed by 17 .

Google tweaks ad auctions to hit revenue targets, as much as 5%: Exec

company frequently makes changes to the auctions it uses to sell search ads - the text and shopping promotions that appear at the top of a results page, said Jerry Dischler, VP for Google ad products

US antitrust regulator plans to target Amazon's online marketplace

The main allegation by the U.S. Federal Trade Commission is expected to be that Amazon leverages its power to reward those online merchants that use its logistics services and punish ones who don't

US FTC delays vote on Lockheed purchase of Aerojet for two weeks: Report

Aerojet shares were up more than 3% in after-market trading on Tuesday as investors viewed the delay as a positive sign that the deal would go through

SoftBank poised to lose $74-bn payday if Arm deal is halted

US antitrust officials sued to block the takeover on Thursday, arguing it will stifle innovation in the chip industry

US FTC asks for more time to file amended complaint in Facebook case

The US Federal Trade Commission asked a court on Friday for more time to file an amended complaint in its antitrust lawsuit against Facebook Inc

Facebook seeks US FTC Chair Lina Khan's recusal in antitrust case

The FTC declined comment on the recusal petition. Two weeks ago Amazon, which is under investigation by the FTC, also asked for Khan to be recused

Amazon seeks FTC Chairperson Lina Khan's recusal from anti-trust probe

In a 25 page filing, e-commerce giant Amazon is asking that Lina Khan, the newly appointed chief of FTC and a strident Big Tech critic, step aside from anti-trust investigations of the company.

Legally insufficient: US Facebook critics get preview of long slog ahead

Critics of Big Tech market power got a preview of the long slog likely ahead in US courts after a federal judge this week dismissed anti-trust lawsuits against Facebook

Biden administration weighs executive order restraining big companies

Action would go beyond traditional antitrust enforcement and would likely face legal challenges

US judge junks govt antitrust lawsuits against Facebook: Report

The judge faulted the FTC for failing to detail how Facebook has monopoly power in a market the agency described as personal social networking.

Microsoft wins US antitrust okay for $16 billion purchase of Nuance

Microsoft Corp has won US antitrust approval for its deal to buy artificial intelligence and speech technology company Nuance Communications Inc, according to a filing made by Nuance to the government

Apple agrees to testify before US Senate on app store antitrust concerns

App makers have long complained that mandatory revenue sharing payments and strict inclusion rules set by Apple's App Store for iPhones and iPads