FTC Sues to Block Kroger’s $24.6 Billion Albertsons Deal February 27, 2024 By Leah Nylen and Jaewon Kang The US Federal Trade Commission, eight states and Washington DC sued to block Kroger Co.’s $24.6 billion acquisition of Albertsons...
JPMorgan, State Street Quit Climate Group, BlackRock Steps Back February 16, 2024 By Simon Jessop and Ross Kerber JPMorgan Chase’s and State Street’s investment arms on Thursday both quit a global investor coalition pushing companies to rein in...
Google’s Court Loss to Epic Games May Cost Billions but Final Outcome Years Away December 13, 2023 Google’s stunning defeat in a legal battle with “Fortnite” maker Epic Games may clear the way for rival app stores...
Microsoft’s OpenAI Investment Risks Scrutiny From US, UK Regulators December 8, 2023 By Leah Nylen The US Federal Trade Commission is examining the nature of Microsoft Corp.’s investment in OpenAI Inc. and whether it may...
Jury Orders Egg Suppliers to Pay $17.7M in Damages for Price Gouging in 2000s December 4, 2023 By Isabella Volmert A federal jury in Illinois ordered $17.7 million in damages – an amount tripled to more than $53 million under...
Jury Finds Realtors Liable for Inflating Commissions, Awards $1.78B Damages November 2, 2023 A U.S. jury on Tuesday found the National Association of Realtors and some residential brokerages, including units of Warren Buffett’s...
Insurers Latest Target of U.S. AGs ESG Antitrust Concerns May 22, 2023 By Denise Johnson Insurers and reinsurers who are members of the Net-Zero Insurance Alliance (NZIA), received a letter from 23 attorneys general raising...
Meta Battles FTC Over Future of Virtual Reality December 9, 2022 By Katie Paul and Diane Bartz The Biden administration on Thursday accused Meta Platforms Inc. of trying to buy its way to dominance in the metaverse,...
Albertsons, Kroger CEOs to Defend $25B Merger to Skeptical U.S. Senators November 29, 2022 By Diane Bartz Top executives at Kroger Co. and Albertsons Companies Inc. are expected to face tough questions on Tuesday from lawmakers who...
FTC Aims to Clamp Down on Companies Engaged in Unfair Competition November 10, 2022 By Leah Nylen The US Federal Trade Commission plans to make wider use of its 1914 founding statute to police anticompetitive behavior by...