#NY, other states to fight dismissal of Facebook antitrust suit

#NY, other states to fight dismissal of Facebook antitrust suit

“#NY, other states to fight dismissal of Facebook antitrust suit” New York and other US states filed a notice on Wednesday saying they will fight the dismissal of an antitrust lawsuit that they launched against Facebook in an appeals court. In June, a U.S. judge dismissed federal and state antitrust complaints against the social media company that had sought to force…

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#Amid mega-mergers and acquisitions, ViacomCBS may be in play

#Amid mega-mergers and acquisitions, ViacomCBS may be in play

“#Amid mega-mergers and acquisitions, ViacomCBS may be in play” In the world of mergers and ­acquisitions, Wall Street bankers have an old saying: “Everyone talks to everyone.” The cliché describes those preliminary M&A powwows between CEOs that are so commonplace, you probably shouldn’t label them “deal discussions.” Except on those occasions when they deserve that…

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#Facebook wants FTC Chair to recuse herself from antitrust probe

#Facebook wants FTC Chair to recuse herself from antitrust probe

“#Facebook wants FTC Chair to recuse herself from antitrust probe” Facebook asked the Federal Trade Commission on Wednesday to recuse Chair Lina Khan from any antitrust actions against the company, arguing that her history of criticizing big tech companies means she cannot be impartial.  The company pointed to Khan’s academic writing, in which she said…

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#EU fines Volkswagen, BMW  billion for emissions cartel

#EU fines Volkswagen, BMW $1 billion for emissions cartel

“#EU fines Volkswagen, BMW $1 billion for emissions cartel” The European Union handed down $1 billion in fines to major German car manufacturers Thursday, saying they colluded to limit the development and rollout of car emission-control systems. Daimler, BMW and Volkswagen along with its Audi and Porsche divisions avoided competing on technology to restrict pollution…

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#Dozens of states sue Google alleging antitrust violations

#Dozens of states sue Google alleging antitrust violations

“#Dozens of states sue Google alleging antitrust violations” Dozens of US state attorneys general filed an antitrust lawsuit in federal court against Google on Wednesday, according to an entry in the court docket. The lawsuit was filed in the US District Court for the Northern District of California. The complaint was not immediately available. The states…

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#China fines tech giants in anti-monopoly cases

#China fines tech giants in anti-monopoly cases

“#China fines tech giants in anti-monopoly cases” Companies including internet giants Alibaba and Tencent were fined Wednesday by anti-monopoly regulators in a new move to tighten control over their fast-developing industries. In 22 cases, companies were fined 500,000 yuan ($75,000) each for actions including acquiring stakes in other companies that might improperly increase their market…

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