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Apple Inc conspired with publishers to raise the price of e-books in a scheme costing consumers "hundreds of millions of dollars," a U.S. government lawyer said on Monday.A three-week trial got under way before a federal judge in New York in a case pitting the Justice Department against the popular iPad and iPhone maker that could shine a light on the secretive Silicon Valley giant's business practices."Apple told publishers that Apple - and only Apple - could get prices up in their industry," Lawrence Buterman, a lawyer at the Justice Department, said during opening arguments.The trial came more than a year after the Department sued Apple and five of the largest U.S. publishing houses, accusing them of working together illegally to increase e-book prices and undo Amazon.com Inc's market control.Orin Snyder, an attorney for Apple, described the case as "bizarre." Apple acted in its own business interests in negotiating deals with publishers in the run up to the debut of its iPad in Jan...
European Union regulators are to end an antitrust probe into e-book prices by accepting an offer by Apple and four publishers to ease price restrictions on Amazon, t...
European Union regulators are to end an antitrust probe into e-book prices by accepting an offer by Apple and four publishers to ease price restrictions on Amazon, t...
European Union regulators are to accept an offer by Apple and four publishers to end an antitrust probe into their e-book prices, two sources said, handing Amazon vi...
EU regulators are set to accept an offer by Apple and four book publishers allowing Amazon and other retailers to sell e-books more cheaply than Apple to end an anti...
FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.
Apple (NASDAQ:AAPL) and four major publishers will allow retailers such as Amazon to sell e-books at a discount for two years in a bid to end an EU antitrust investi...
Shares of Amazon.com Inc. touched a new high Friday as the company unveiled an expanded deal with NBC Universal and as speculation about a new tablet continued.But t...
Shares of Autodesk Inc. plunged Friday, sustaining the worst drop within the S&P 500 index, after the software company's disappointing results left investors stunned...
Apple Inc. (AAPL) has complained that rival Amazon.com Inc. (AMZN) was the "driving force" behind the U.S. Justice Department's investigation of Apple's alleged pric...
The U.S. Department of Justice defended its case against Apple Inc. (AAPL) and five major publishers, alleging that they conspired to raise the prices of electronic ...
Mary Kissel on the rationale of the Department of Justice's lawsuit against Apple
Apple Inc. (AAPL) wanted to build an electronic book business to challenge Amazon.com Inc. (AMZN) and enhance the appeal of its iPad device, but the cost now seems h...
Former DOJ antitrust attorney David Balto on the Dept. of Justice’s case against Apple.
Macmillan has struck a deal to settle a lawsuit brought by Connecticut and 32 other states that alleges the publisher was involved in price-fixing and collusion in t...
As the only remaining defendant in the U.S. government's e-books antitrust case, Apple Inc appears headed for a high-stakes trial that could significantly increase t...
The Justice Department and Macmillan have reached a settlement over the antitrust lawsuit relating to e-book pricing, which means book retailers will be able to disc...
FBN’s Diane Macedo breaks down the stories moving the markets around the world.
European Union regulators ended an antitrust probe into e-book prices on Thursday, accepting an offer by Apple and four publishers to ease pricing restrictions on Am...
European Union regulators ended an antitrust probe into e-book prices on Thursday, accepting an offer by Apple (NASDAQ:AAPL) and four publishers to ease pricing rest...
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