Word: antitrust
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...bank on the Senate. By the time they get around to dealing with baseball's antitrust exemption, we'll have another Democratic president...
...Justice Department today fought to resuscitate a proposed antitrust settlement with the software giant Microsoft Corp, asking an appeals court to overturn federal Judge Stanley Sporkin''s rejection of the deal. Attorney General Janet Reno rebuked Sporkin, saying he had overstepped his authority by partially basing his decision on business practices that were not included in the government''s formal charges against Microsoft. If Judge Sporkin''s ruling stands, it could prompt a tougher settlement, requiring Microsoft to let competitors write software for its operating systems, which run some 80 percent of all personal computers. "You have this really bizarre...
Technology firms that compete with giant Microsoft Corp. were overjoyed by a judicial ruling that cold reopen a federal antitrust case against the dominant computer software company. But they are still a bit wary, as they try to figure out just how the development will affect them. U.S. District Judge Stanley Sporkin's decision to throw out the settlement of a Justice Department antitrust action against Microsoft could lead to a stiffer settlement, requiring Microsoft to let competitors write software for its operating systems, which run some 80 percent of all personal computers. But TIME correspondent David S. Jackson says...
Three senior U.S. Senators today launched an attempt to end the six-month-old baseball strike with legislation that would partially repeal the sport's 73-year-old antitrust exemption. Players union head Donald Fehr lauded the bill, introduced by Senators Orrin Hatch (R-Utah), Daniel Patrick Moynihan (D-N.Y.) and Bob Graham (D-Fla.). They want to let players mount court challenges -- as is done in other industries -- when owners unite to set labor restrictions. Congressional leaders, including House Speaker Newt Gingrich, are opposed to enacting legislation to solve the strike. Gingrich and Senate Majority Leader Bob Dole...
...Justice Department has launched an antitrust investigation of the dealers who make NASDAQ's stock markets, a move that will probably result in cutting their profit margins. The inquiry centers on possible price fixing in the spread between what investors pay and then sell stocks for on NASDAQ. As a result, Justice charges, the computer-trading system of NASDAQ, which bills itself as the "stock market for the next 100 years," gives big traders advantages over small investors...