It’s hard to be a baseball fan in Los Angeles. For what feels like ages, the LA Dodgers have had an exclusive deal with Time Warner Cable — now Charter — to air their games in the area. Other carriers reportedly have tried to get access to the games but were stymied, eventually leading to a complicated court case where the Justice Department sued DirecTV over allegations of colluding unlawfully with other carriers in negotiations with SportsNet LA.
Customers of no longer will be allowed to research products on ?s site, the online retail giant announced today. Amazon?s surprising move comes in apparent response to Target?s recent decision to stop selling Amazon Kindle e-readers. In January, had written a letter to vendors warning that they wouldn?t allow Amazon to use stores as a ...
U.S. prosecutors have abandoned their case against Angelo Mozilo, the over-tanned character at the center of the risky subprime mortgages that fueled the financial crisis, after a two-year quest to bring a civil suit against him. As Bloomberg reports, The Justice Department has decided not to sue Mozilo, according to people familiar with the matter, ending a decade-long hunt for someone, anyone to jail over what happened.
As Bloomberg reports,
WASHINGTON — The U.S. Justice Department on Monday filed a civil suit against Volkswagen AG for allegedly violating the Clean Air Act by installing illegal devices to impair emission control systems in 600,000 vehicles.
The allegations in the lawsuit carry penalties that could cost Volkswagen billions of dollars, a senior Justice Department official said.
WASHINGTON/NEW YORK (Reuters) - US Airways Group Inc and American Airlines will be allowed to merge to become the world's largest airline after they agreed to give low-cost competitors more access to several key U.S. airports, including in New York and Washington. The agreement, subject to court approval, ends a U.S. Department of Justice lawsuit filed in August. The government opposed the merger of US Airways and AMR Corp, parent of bankrupt American Airlines, on the grounds it would hinder competition and lead to higher fares.
I know cynicism-hardened Naked Capitalism readers will expect the answer to the question in the headline to be “no”. But based on a summary of the filing at Bloomberg (and having conferred with lawyers on this beat), the answer looks more like “possibly yes”.
By Zvi Bar:On January 31, the U.S. Department of Justice filed a lawsuit to block the proposed $20.1 billion purchase of Grupo Modelo (GPMCY.PK) by Anheuser-Busch InBev (BUD), claiming that the deal would hurt competition and raise prices.