Monopoly and antitrust

WWL AP Feed General
June 05, 2019 - 4:31 pm
LAS VEGAS (AP) — An Amazon executive said Wednesday that the online shopping giant isn't too big and shouldn't be broken up, but added that large companies deserve to be examined. Amazon and other big tech companies are facing scrutiny from government agencies that are looking into their business...
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FILE - In this Oct. 23, 2018, file photo, an Amazon logo is seen atop the Amazon Treasure Truck The Park DTLA office complex in downtown Los Angeles. The U.S. Justice Department and the Federal Trade Commission are moving to investigate Google, Facebook, Amazon and Apple over their aggressive business practices, and the House Judiciary Committee has announced an antitrust probe of unidentified technology companies. (AP Photo/Richard Vogel, File)
June 04, 2019 - 4:26 pm
SAN FRANCISCO (AP) — Is Big Tech headed for a big breakup? The U.S. Justice Department and the Federal Trade Commission are moving to investigate Google, Facebook, Amazon and Apple over their aggressive business practices, and the House Judiciary Committee has announced an unprecedented antitrust...
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WWL AP Feed General
June 04, 2019 - 4:02 am
SAN FRANCISCO (AP) — The Latest on antitrust concerns in the technology industry (all times local): 3 p.m. The House Judiciary Committee is launching a bipartisan investigation into competition in the digital industry. The committee's statement Monday, coming as news emerged of possible antitrust...
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FILE - In this April 30, 2019 file photo, Facebook CEO Mark Zuckerberg, left, makes the keynote speech at F8, the Facebook's developer conference, in San Jose, Calif. Facebook's stock is plunging following a Wall Street Journal report that the Federal Trade Commission will lead any antitrust investigation into the company as part of an arrangement that would give the Justice Department oversight of Google. Citing unnamed sources The Journal said Monday, June 3 that the FTC secured the rights to begin a potential investigation into whether Facebook engaged in what it called "unlawful monopolistic behavior." (AP Photo/Tony Avelar , File)
June 03, 2019 - 5:47 pm
SAN FRANCISCO (AP) — The federal government may be warming up its antitrust enforcement machine and pointing it at Big Tech. Shares of Facebook, Google, Amazon and Apple dropped significantly Monday after published reports suggested that federal authorities are preparing for investigations into...
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FILE - This Thursday, Jan. 3, 2013, file photo shows Google's headquarters in Mountain View, Calif. The U.S. Justice Department is readying an investigation of Google’s business practices and whether they violate competition standards, according to news reports. The search giant was fined a record $2.72 billion by European regulators in 2017 for abusing its dominance of the online search market. In the U.S., the Federal Trade Commission made an antitrust investigation of Google but closed it in 2013 without taking action. (AP Photo/Marcio Jose Sanchez, File)
June 01, 2019 - 12:31 pm
WASHINGTON (AP) — The U.S. Justice Department is readying an investigation of Google's business practices and whether they violate antitrust law, according to news reports. The search giant was fined a record $2.72 billion by European regulators in 2017 for abusing its dominance of the online...
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FILE- In this Jan. 9, 2019, file photo a sign advertises 5G at the Qualcomm booth at CES International in Las Vegas. Qualcomm and Apple drove declines in technology stocks on Wednesday, May 22. Qualcomm plunged following a federal judge's ruling against the chipmaker in an antitrust case. (AP Photo/John Locher, File)
May 22, 2019 - 10:19 pm
NEW YORK (AP) — A federal judge has ruled that Qualcomm unlawfully squeezed out cellphone chip rivals and charged excessive royalties to manufacturers such as Apple in a decision that undercuts a key part of its business. The decision vindicates the U.S. Federal Trade Commission two years after it...
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FILE- In this May 31, 2018, file photo customers enter the Apple store in New York. The Supreme Court is allowing consumers to pursue an antitrust lawsuit that claims Apple has unfairly monopolized the market for the sale of iPhone apps. (AP Photo/Mark Lennihan, File)
May 13, 2019 - 3:11 pm
WASHINGTON (AP) — Consumers can pursue a lawsuit complaining that iPhone apps cost too much, the Supreme Court ruled on Monday, adding to Apple's woes that already include falling iPhone sales and a European investigation. The lawsuit could have major implications for the tech giant's handling of...
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A power plant steams behind steel works of German steelmaker Thyssenkrupp in Duisburg, Germany, Thursday, May 9, 2019. Steelmaking giant Thyssenkrupp of Germany says it expects European antitrust regulators to block its plan to combine its European operations with India's Tata Steel. (AP Photo/Martin Meissner)
May 10, 2019 - 7:41 am
FRANKFURT, Germany (AP) — German steelmaker Thyssenkrupp said Friday it would cut some 6,000 jobs and restructure its businesses after saying that it expects European antitrust regulators to block plans for a joint venture with India's Tata Steel. CEO Guido Kerkhoff said 4,000 of the lost jobs...
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FILE-In this March 21, 2018 file photo shows the logo of German car manufacturer BMW visible at the headquarters in Munich, Germany. German automaker BMW said Tuesday that its first quarter profit sagged by 74 percent as earnings were hit by a 1.4 billion-euro ($1.6 billion) set-aside for an anti-trust fine from the European Commission and by higher up-front costs for new technology and factories.(AP Photo/Matthias Schrader)
May 07, 2019 - 4:35 am
FRANKFURT, Germany (AP) — BMW lost money making cars in the first quarter as its automotive division was hit by a 1.4 billion-euro ($1.6 billion) set-aside for an anti-trust fine from the European Commission and by higher up-front costs for new technology and factories. The fine and investment...
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Cars are seen during an opening ceremony of the Mercedes Benz automobile assembly plant outside Moscow, Russia, Wednesday, April 3, 2019. Germany's Daimler AG has opened a new Mercedes factory in Russia, part of a 250 million euro ($281 million) investment it says will create 1,000 jobs. (AP Photo/Pavel Golovkin, Pool)
April 05, 2019 - 9:11 am
BRUSSELS (AP) — European Union authorities said Friday that German automakers BMW, Daimler and Volkswagen colluded to limit the development of emissions-cleaning technology in cars. The finding adds to the car industry's woes after Volkswagen in 2015 admitted to cheating on emissions tests in the U...
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