Flight attendant unions at the two carriers are pushing in opposite directions as federal officials decide whether and on what terms to allow the deal. Unions that represent workers at JetBlue Airways and Spirit Airlines are divided on the proposed merger of the two companies, with one union throwing its support behind the deal and …
JetBlue and Spirit Unions Split on Airlines’ Merger Read More »
The decision in a case involving the LIV Golf series could reveal details of the operations of Saudi Arabia’s Public Investment Fund. A federal magistrate judge has ruled that the leader of Saudi Arabia’s sovereign wealth fund, which has bankrolled the new LIV Golf series, must sit for a deposition by lawyers for the PGA …
PGA Tour Can Depose Saudi Wealth Fund’s Leader, Judge Rules Read More »
Until recently, antitrust regulators in Europe and the United States took different approaches. Now, they’re on the same page — which some experts say makes closing deals harder. When Microsoft announced its $70 billion acquisition of the video game maker Activision Blizzard last year, almost everyone involved expected antitrust inquiries from officials in the European Union …
Microsoft’s Activision Deal Tests a New Global Alignment on Antitrust Read More »
Mark Zuckerberg’s company recorded its biggest daily market gain in nearly a decade, as the mood brightens among tech investors. Meta’s stock surged on Thursday after the company reported better-than-expected earnings, said it would buy back billions of dollars in its stock, and overcame a court challenge to its ambitions in the so-called metaverse. Shares …
Meta Soars by Most in Decade, Adding $100 Billion in Value Read More »
An arbitration panel will meet next week to weigh whether the European Tour may penalize the men who played on the Saudi-backed circuit. DUBAI, United Arab Emirates — Many of the golfers had wandered away one afternoon last week, seeking lunch or refuge from the Emirati sun or something besides the monotony of a driving …
Power to Punish LIV Golfers Faces a Legal Test in Europe Read More »
Tim Wu has been a leading proponent of a more aggressive approach to reining in the power of big business. Tim Wu, a central architect of President Biden’s push to clip the wings of the nation’s largest companies, is leaving the White House. Mr. Wu’s last day at the National Economic Council will be Wednesday, …
Tim Wu, Architect of Biden Antitrust Push, to Leave White House Read More »
Meta’s chief executive made a rare court appearance as the Federal Trade Commission tries to block his company’s purchase of the virtual reality start-up Within. Mark Zuckerberg, the chief executive of Meta, was asked a series of questions in federal court on Tuesday about his aspirations for the immersive online world of the metaverse. Was …
Mark Zuckerberg Testifies About Meta’s Virtual Reality Ambitions Read More »
It was the sort of dry panel discussion that occurs at hundreds of industry conferences every year — until a Google representative decided it was time to unleash. “This is personal for me,” Jamey Goldin, an energy regulation lawyer at Google, told those attending a May conference in Atlanta on renewable energy in the Southeast. …
Clean Energy Quest Pits Google Against Utilities Read More »
The online retail giant avoided a major fine but agreed to changes that have long been sought by merchants who depend on Amazon to reach customers. Amazon on Tuesday agreed to give merchants operating in the European Union more access to valuable real estate on its website, the European Commission said Tuesday, in a deal …
Amazon and E.U. Reach Deal to End Antitrust Investigation Read More »
The largest American banks are classified as “systemically important” and subject to more stringent scrutiny. Some lawmakers want to do the same for Big Tech. The DealBook newsletter delves into a single topic or theme every weekend, providing reporting and analysis that offers a better understanding of an important issue in business. If you don’t …
To Rein In Big Tech, Europe Looked Beyond Lawsuits. Will the U.S. Follow? Read More »
Ms. Khan, the chair of the Federal Trade Commission, has staked an ambitious trustbusting agenda on a case that may be difficult to win. Lina Khan, the chair of the Federal Trade Commission, has pledged to usher in a new era of trustbusting of America’s corporate giants, recently saying the agency plans to “enforce the …
Lina Khan, Aiming to Block Microsoft’s Activision Deal, Faces a Challenge Read More »
In seeking to oppose the $69 billion takeover of Activision Blizzard, the agency is hoping to revamp the nation’s antitrust rules — even if it loses. Lina Khan, the F.T.C.’s chairwoman, is aiming high.Pool photo by Graeme Jennings A video-game battle for the ages The Biden administration yesterday took its boldest step yet in challenging …
The F.T.C.’s Bet on Rewriting Antitrust by Taking on Microsoft Read More »
The move by the commission signals an aggressive stance by federal regulators to thwart the expansion of the tech industry’s biggest companies. The Federal Trade Commission, in one of the most aggressive actions taken by federal regulators in decades to check the power of the tech industry’s giants, on Thursday sued to block Microsoft’s $69 …
FTC Sues to Block Microsoft’s $69 Billion Acquisition of Activision Read More »
The move by the commission signals an aggressive stance by federal regulators to thwart the expansion of the tech industry’s biggest companies. The Federal Trade Commission, in one of the most aggressive actions taken by federal regulators in decades to check the power of the tech industry’s giants, on Thursday sued to block Microsoft’s $69 …
FTC Sues to Block Microsoft’s $69 Billion Acquisition of Activision Read More »
The move by the commission signals an aggressive stance by federal regulators to thwart the expansion of the tech industry’s biggest companies. The Federal Trade Commission, in one of the most aggressive actions taken by federal regulators in decades to check the power of the tech industry’s giants, on Thursday sued to block Microsoft’s $69 …
FTC Sues to Block Microsoft’s $69 Billion Acquisition of Activision Read More »
The move appears to be an olive branch to the Federal Trade Commission, which could vote to block the $69 billion acquisition in a closed-door session on Thursday. In a last-minute attempt to placate antitrust regulators, Microsoft said on Tuesday night that it would bring the blockbuster video game franchise Call of Duty to Nintendo …
Microsoft to Offer Call of Duty on Nintendo Devices if Activision Deal Closes Read More »
A hedge fund sees BlackRock’s embrace of E.S.G. principles as a distraction, and it wants the money-management giant’s C.E.O., Laurence Fink, to step down. Larry Fink, under pressure on E.S.G.Winnie Au for The New York Times BlackRock draws an activist investor who wants Fink out In recent years, BlackRock has become one of the most …
An Activist Investor Takes on BlackRock Over E.S.G. Read More »
A hedge fund sees BlackRock’s embrace of E.S.G. principles as a distraction, and it wants the money-management giant’s C.E.O., Laurence Fink, to step down. Larry Fink, under pressure on E.S.G.Winnie Au for The New York Times BlackRock draws an activist investor who wants Fink out In recent years, BlackRock has become one of the most …
An Activist Investor Takes on BlackRock Over E.S.G. Read More »
A hedge fund sees BlackRock’s embrace of E.S.G. principles as a distraction, and it wants the money-management giant’s C.E.O., Laurence Fink, to step down. Larry Fink, under pressure on E.S.G.Winnie Au for The New York Times BlackRock draws an activist investor who wants Fink out In recent years, BlackRock has become one of the most …
An Activist Investor Takes on BlackRock Over E.S.G. Read More »
A hedge fund sees BlackRock’s embrace of E.S.G. principles as a distraction, and it wants the money-management giant’s C.E.O., Laurence Fink, to step down. Larry Fink, under pressure on E.S.G.Winnie Au for The New York Times BlackRock draws an activist investor who wants Fink out In recent years, BlackRock has become one of the most …
An Activist Investor Takes on BlackRock Over E.S.G. Read More »
A hedge fund sees BlackRock’s embrace of E.S.G. principles as a distraction, and it wants the money-management giant’s C.E.O., Laurence Fink, to step down. Larry Fink, under pressure on E.S.G.Winnie Au for The New York Times BlackRock draws an activist investor who wants Fink out In recent years, BlackRock has become one of the most …
An Activist Investor Takes on BlackRock Over E.S.G. Read More »
As the Federal Trade Commission prepares to face off in court against Meta over a V.R. start-up deal, the agency is testing a novel argument as part of a strategy to push antitrust law. President Biden’s antitrust regulators have adopted a mantra: In order to win, they need to be willing to lose. Since Mr. …
Why Losing to Meta in Court Could Still Be a Win for Antitrust Regulators Read More »
Microsoft has remained neutral during a labor organizing bid as the Xbox maker seeks regulatory approval for its Activision acquisition. A few months after Microsoft announced plans to acquire the video game maker Activision Blizzard, the tech giant said it would remain neutral if Activision workers sought to unionize once the deal went through. Now, …
Video Game Workers at Microsoft and Activision Take Steps to Unionize Read More »
The inquiry predates the botched presale of Taylor Swift tickets this week and is said to focus on whether Live Nation has abused its power in the live music industry. WASHINGTON — The Justice Department has opened an antitrust investigation into the owner of Ticketmaster, whose sale of Taylor Swift concert tickets descended into chaos …
Ticketmaster’s Parent Company Said to Face Justice Department Investigation Read More »
Global efforts to crimp the power of the world’s largest technology companies scored an important legal victory on Wednesday when a European Union court gave its blessing to a record multibillion-dollar fine issued against Google in 2018. The decision, by the General Court in Luxembourg, provides fresh momentum to European regulators who have investigated companies …
It’s New York Fashion Week, a biannual celebration of luxury and consumption when designers show their collections and set the trends for the season ahead. Also in the spotlight will be questions about the industry’s environmental destructiveness. Sustainability is a theme for many designers in the shows and for the event’s organizer, the Council of …
New York Fashion Week Renews Questions on Sustainability Pledge Read More »
An administrative law judge ruled on Thursday in favor of Illumina, a gene-sequencing powerhouse, in its disputed acquisition of Grail, a start-up with blood-test technology for detecting cancer. The Federal Trade Commission last year sued to stop the $8 billion purchase by Illumina. The commission argued that the cancer-testing industry was dependent on access to …
Illumina defeats F.T.C. in major antitrust case. Read More »
The Federal Trade Commission has said it will remove Mark Zuckerberg, the chief executive of Meta, from a lawsuit to block the company’s acquisition of Within Unlimited, an artificial intelligence start-up. The agency said in a court filing on Tuesday that it agreed to drop Mr. Zuckerberg as a defendant after Meta, formerly known as …
F.T.C. Agrees to Remove Zuckerberg as Defendant in Antitrust Suit Read More »
The Justice Department has in recent weeks conducted new interviews for its investigation into Google’s ad technology, a sign it may be moving closer to filing its second antitrust case against the company, said three people with knowledge of the matter. The Justice Department for more than a year has investigated whether Google abuses its …
Justice Dept. Said to Conduct New Interviews in Inquiry Into Google’s Ad Tech Read More »
A sweeping bill that would enact the strongest restrictions on Big Tech companies in the United States has been stalled in the Senate. WASHINGTON — Critics of the country’s largest tech companies branded the last few months “Hot Antitrust Summer” because they hoped that Congress would vote on new regulations for Amazon, Apple, Google and …
Clock Running Out on Antitrust Bill Targeting Big Tech Read More »
A sweeping bill that would enact the strongest restrictions on Big Tech companies in the United States has been stalled in the Senate. WASHINGTON — Critics of the country’s largest tech companies branded the last few months “Hot Antitrust Summer” because they hoped that Congress would vote on new regulations for Amazon, Apple, Google and …
Clock Running Out on Antitrust Bill Targeting Big Tech Read More »
Lina Khan may set off a shift in how Washington regulates competition by filing cases in tech areas before they mature. She faces an uphill climb. WASHINGTON — Early in her tenure as chair of the Federal Trade Commission, Lina Khan declared that she would rein in the power of the largest technology companies in …
F.T.C. Chair Lina Khan Upends Antitrust Standards by Suing Meta Read More »
JetBlue Airways and Spirit Airlines announced Thursday that they had agreed to a merger, a day after a long-running bid for Spirit by Frontier Airlines fell apart. Under the agreement, JetBlue would acquire Spirit for $33.50 per share in cash, significantly more than Spirit’s closing price of $24.30 on Wednesday. The deal values Spirit at …
JetBlue and Spirit Airlines announce a plan to merge. Read More »
A monthslong effort by Frontier Airlines to acquire Spirit Airlines abruptly ended on Wednesday when the companies called off their proposal, giving new life to a rival bid for Spirit by JetBlue Airways. The announcement came shortly before Spirit was to announce the results of a shareholder vote on Frontier’s acquisition offer. Spirit had repeatedly …
Spirit Airlines Shareholders Reject Merger With Frontier Read More »
The move is a potential blow to Meta’s metaverse efforts and signals a shift in how the Federal Trade Commission is approaching tech deals. WASHINGTON — The Federal Trade Commission on Wednesday filed for an injunction to block Meta, the company formerly known as Facebook, from buying a virtual reality company called Within, potentially limiting …
F.T.C. Sues to Block Meta’s Virtual Reality Deal as It Confronts Big Tech Read More »
WASHINGTON — The Justice Department filed a lawsuit on Monday against three large poultry processors along with a proposed deal meant to end what it described as a decades-long scheme to deceive workers and suppress wages. The moves are part of the department’s broader investigation into the poultry industry’s anticompetitive practices. The filings come just …
Justice Department sues poultry processors over unlawful labor practices. Read More »
Mr. Carney, who was press secretary to former President Obama, had joined Amazon in 2015. SEATTLE — Jay Carney, who was press secretary for former President Barack Obama, is leaving the top policy and public communications job at Amazon to join Airbnb. Airbnb said in a blog post on Friday that Mr. Carney would become …
Jay Carney, Amazon’s Top Policy Executive, to Join Airbnb Read More »