Apple blamed for 2010 e book price rise in antitrust trial
A U S government lawyer portrays Apple as a bully that entered the e book market in 2010 and raised prices to end competition with Amazon. The anti trust case argues Apple and publishers boosted prices and harmed consumers while Apple defends its actions as beneficial to innovation and competition. Five publishers have settled. the judge urged Apple to settle too but promised a fair trial.
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Fed minutes signal possible stimulus pullback next month
Policymakers may begin scaling back stimulus as early as next month after Fed minutes hint at reduced support. Banks report $40.3 billion in earnings for Q1, beating prior quarterly results.
MENTIONED IN THIS ARTICLE
Federal Reserve
Penguin Random House merger to be completed next month
Bertelsmann and Pearson announce approval from China antitrust authorities for the planned merger of Random House Inc. and Penguin Group. The new company, Penguin Random House, will be 53 percent owned by Bertelsmann and 47 percent by Pearson, with top authors Dan Brown and Ken Follett and a vast catalog from John Steinbeck to Ralph Ellison.
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NY AG settlement requires CareCredit protections on health card
State Attorney General Eric Schneiderman announced a settlement with CareCredit LLC that forces GE Capital Retail Bank to add consumer protections to its CareCredit health care credit card. The agreement limits advance charges and requires disclosure of higher interest rates that apply if balances are not paid by the promo end. The deal concludes an Health Care Bureau investigation sparked by consumer complaints about cards issued by CareCredit and used through health care providers. GE Capital did not immediately comment.
MENTIONED IN THIS ARTICLE
Benen
GEA 5A
CareCredit LLC
Eric Schneiderman
GE Capital Retail Bank
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