Capitol Hill lawmakers will likely have questions for Apple Inc. CEO Tim Cook when he appears before a House panel on Wednesday (July 29) amid an examination of possible antitrust violations. One of the issues the House Judiciary Committee’s Subcommittee on Antitrust, Commercial and Administrative Law...
Foreign regulators are increasingly training their sights on U.S. Big Tech companies. In this case, antitrust officials said they searched the local offices of Amazon and Apple in Italy as part of an investigation. The Italian Competition Authority announced the probe on Wednesday (July 22),...
Wells Fargo’s woes, which began in earnest in 2016 when a scandal involving millions of fake accounts created to boost numbers came to light, are continuing and don’t show any signs of abating any time soon, according to a report by Reuters. The financial institution...
Facebook is now being investigated by at least three additional states regarding the alleged mishandling of user data. According to Bloomberg, Attorneys General in Pennsylvania, Illinois and Connecticut are investigating existing allegations against the company, while New York, New Jersey and Massachusetts are looking to...
July 31, 2020
Regulators in China are preparing to move against once-hot Luckin Coffee Inc., which admitted booking millions of dollars in nonexistent sales, The Wall Street Journal reported on Friday (July 31). The Journal said the Chinese Ministry of Finance was preparing to formally reprimand Luckin and impose yet-to-be-disclosed “administrative penalties” after wrapping up its own investigation […]
July 28, 2020
Capitol Hill lawmakers will likely have questions for Apple Inc. CEO Tim Cook when he appears before a House panel on Wednesday (July 29) amid an examination of possible antitrust...
July 22, 2020
Foreign regulators are increasingly training their sights on U.S. Big Tech companies. In this case, antitrust officials said they searched the local offices of Amazon and Apple in Italy as...
January 24, 2020
Wells Fargo’s woes, which began in earnest in 2016 when a scandal involving millions of fake accounts created to boost numbers came to light, are continuing and don’t show any...
