BUSINESS
April 26, 2012 | By Jessica Guynn
Is Google on the verge of an antitrust showdown with federal regulators? The Federal Trade Commission, which is investigating whether Google has abused its colossal share of the U.S. search market and put competitors at a disadvantage, has unsheathed a new weapon in its year-old probe of the search giant: It has hired a prominent outside litigator, known for her firepower in the courtroom, to oversee the investigation. It's the strongest signal yet that the agency is preparing to take on Google.
BUSINESS
April 20, 2012 | By Alex Pham, Los Angeles Times
The European Union's antitrust regulators have approved Sony Corp.'s $2.2-billion acquisition of EMI's publishing business, clearing a major hurdle in Sony's ambition to create the world's largest music publishing group with rights to about 2 million songs, including some by David Bowie, Stevie Wonder and Pink. The deal announced Thursday still needs to clear U.S. regulators, who have historically been more lenient than their European counterparts. Nevertheless, antitrust experts cautioned against celebrating too soon.
BUSINESS
April 19, 2012 | By Jessica Guynn
SAN FRANCISCO -- Apple, Google, Intel, Pixar and other high-tech companies will face an antitrust lawsuit that alleges they illegally conspired not to poach each other's staffers. San Jose U.S. District Court Judge Lucy Koh rejected a motion to dismiss the claims Wednesday night. In a 29-page opinion, she ruled that the “Do Not Cold Call” agreements among the defendants probably resulted “from collusion, and not from coincidence.” Other defendants include Adobe, Intuit, and Lucasfilm.
BUSINESS
April 18, 2012 | Bloomberg News
The judge overseeing an antitrust lawsuit against Apple Inc. over e-book prices was told by a lawyer that two publishers that earlier settled with the Justice Department are now close to a deal with 15 states. Three publishers named in the U.S. government's antitrust lawsuit — CBS Corp.'s Simon & Schuster, Lagardere's Hachette Book Group and News Corp.'s HarperCollins — settled their cases after the complaint was filed April 11. A group of 15 states and Puerto Rico filed a similar suit this month.
BUSINESS
April 14, 2012 | By Andrea Chang, Los Angeles Times
Apple Inc., responding for the first time to antitrust charges levied against it and five major book publishers this week, denied that it had engaged in price-fixing to inflate prices paid for electronic books. In a statement to The Times on Friday, Apple spokesman Tom Neumayr said that the Department of Justice's accusation against Apple "is simply not true. " Neumayr said customers have benefited from e-books that are more interactive and engaging and, "just as we've allowed developers to set prices on the App Store, publishers set prices on the iBookstore.
BUSINESS
April 11, 2012 | By Jim Puzzanghera and Andrea Chang
WASHINGTON - Former Apple Inc. Chief Executive Steve Jobs was a key player in a conspiracy with five major book publishers to drive up the price of digital books, federal and state officials said in antitrust lawsuits filed against the companies. Jobs helped orchestrate a complex price-fixing plan that cost consumers tens of millions of dollars over the last two years by boosting the price of many new releases and bestsellers by $3 to $5 each, federal investigators said. Apple even proudly described the maneuver - which gave the iPad maker a guaranteed 30% commission on each e-book sold through its online marketplace - as an "aikido move," referring to the Japanese martial art, according to the lawsuit.