Reports: FTC may try to block Facebook from integrating apps

SAN FRANCISCO (AP) — Facebook's stock dropped almost 3% in regular trading after news reports suggested that the FTC may take antitrust action to prevent Facebook from integrating its disparate messag...

T-Mobile CEO says if Sprint deal fails, prices may go up

NEW YORK (AP) — T-Mobile CEO John Legere said if his company's $26.5 billion deal to buy Sprint fails, it may have to raise prices to slow user growth and relieve stress on the T-Mobile network. He sa...

Meet the scholar who diagnosed ‘surveillance capitalism’

Until the Cambridge Analytica scandal turned what had been a slowly gestating backlash against the technology industry’s intrusive trajectory into a torrent, people struggled to articulate what underl...

Meet the scholar who diagnosed ‘surveillance capitalism’

A year ago, Shoshana Zuboff dropped an intellectual bomb on the technology industry. She hasn’t stood still since. In a 700-page book, the Harvard scholar skewered tech giants like F...

Google co-founders step aside as antitrust scrutiny heats up

SAN FRANCISCO (AP) — Google’s co-founders are relinquishing their executive positions just as state and federal regulators, not to mention the Department of Justice and Congress, are taking a keen int...

Business Highlights

___ Charles Schwab buys TD Ameritrade in brokerage blockbuster NEW YORK (AP) — Charles Schwab is buying rival TD Ameritrade in an approximately $26 billion all-stoc...

US approves expanding Delta venture with European airlines

WASHINGTON (AP) — The Transportation Department is letting Delta Air Lines, Air France, KLM and Virgin Atlantic expand their joint venture on flights between the U.S. and Europe without worrying about...

Privacy, consumer groups seek to block Google-Fitbit deal

NEW YORK (AP) — Nine privacy, social justice and consumer groups are calling for the U.S. government to block Google’s $2.1 billion acquisition of fitness-gadget maker Fitbit, citing antitrust and pri...

Top antitrust enforcer warns Big Tech over data collection

CAMBRIDGE, Massachusetts (AP) — The Justice Department's top antitrust official is warning Big Tech that the government could pursue them for anticompetitive behavior over their collection and commerc...

Business Highlights

___ California discloses probe on Facebook privacy practices California's attorney general says he has been investigating Facebook's privacy practices since 2018. H...

Justice Dept forms group to combat contracting fraud

WASHINGTON (AP) — The Justice Department is forming a special group of prosecutors and watchdogs from several agencies to fight bid-rigging, price fixing and other fraud that hurts competition in fede...

EU investigates French supermarkets in antitrust case

BRUSSELS (AP) — The European Commission is investigating whether two of France's largest chains of retail shops have infringed the bloc's competition rules by colluding on sales activities. ...

Google buys Fitbit for $2.1B, stepping back into wearables

Fitbit is being acquired by Google's parent company for about $2.1 billion, a deal that enables the internet company to step back into the hotly contested market for smartwatches and health and fitnes...

Google falls short on third-quarter profit

SAN FRANCISCO (AP) — Google parent company Alphabet reported mixed third-quarter results Monday that beat analyst expectations for revenue, but fell short on profits. The stock fell almost 3% in after...

Facebook launches a news section - and will pay publishers

Over the course of its 15 year history, Facebook has variously ignored news organizations while eating their advertising revenue, courted them for video projects it subsequently abandoned, and then la...