Word: antitrusters
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Merchants have also launched an antitrust suit against the banks and credit-cards companies in connection with interchange fees. Huang believes it's likely that the issue will eventually be resolved through litigation rather than legislation...
That situation set antitrust alarm bells ringing when AT&T, Sprint, T-Mobile and Verizon all raised their pay-per-use costs of sending a text message from 10 cents to 20 cents over the past three years. That prompted Senator Herbert Kohl, the Wisconsin Democrat who chairs the Senate Judiciary Committee's subcommittee on Antitrust, Competition Policy and Consumer Rights, to hold hearings on the matter in June...
...Eric Schmidt recently stepped down from Apple's board of directors because the two companies now compete in so many areas. The U.S. Justice Department is investigating a legal settlement between Google and the publishing industry over the company's book-scanning service, and Christine Varney, Justice's antitrust chief, said she sees Google as a "problem...
...Apple's board of directors after a three-year stint. With the companies increasingly squaring off over lucrative markets like the mobile-computing field, many analysts suggested the move was overdue. The Federal Trade Commission is investigating whether Schmidt's position on his competitor's board may have violated antitrust provisions...
...mining-industry analysts were skeptical that China would actually act against the proposed Rio-BHP tie-up. They assumed the Ministry of Commerce was just venting after the Chinalco deal failed. But a banking source with close ties to the Australian mining industry says that perception is wrong. "The antitrust review is real, and right now if I had to bet, I'd bet that [the Rio-BHP Billiton iron-ore tie-up] doesn't happen. The Chinese are going to block...