DOJ may sue Apple over ebooks as early as Wednesday - News and Current Events | futures trading

Go Back

> Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events

DOJ may sue Apple over ebooks as early as Wednesday
Started:April 10th, 2012 (10:12 PM) by kbit Views / Replies:268 / 0
Last Reply:April 10th, 2012 (10:12 PM) Attachments:0

Welcome to

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

DOJ may sue Apple over ebooks as early as Wednesday

Old April 10th, 2012, 10:12 PM   #1 (permalink)
Elite Member
Aurora, Il USA
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
kbit's Avatar
Posts: 5,839 since Nov 2010
Thanks: 3,275 given, 3,321 received

DOJ may sue Apple over ebooks as early as Wednesday

Reuters) - The Justice Department could sue Apple Inc as early as Wednesday over alleged electronic book price-fixing, while settling with several publishers as early as this week, two people familiar with the matter said.

The Justice Department is investigating alleged price-fixing by Apple and five major publishers: CBS Corp's Simon & Schuster Inc; HarperCollins Publishers Inc; Lagardere SCA's Hachette Book Group; Pearson and Macmillan, a unit of Verlagsgruppe Georg von Holtzbrinck GmbH.

A lawsuit against Apple, one of the parties not in negotiations over a potential settlement, could come as early as Wednesday but no final decision had been made, the people said.

Apple declined to comment. The Justice Department and the five publishers could not be reached for comment.
The Justice Department is investigating whether deals Apple cut two years ago with the quintet of major publishers - when the consumer electronics maker launched its iPad tablet computer - were done with the intent of propping up prices for digital books, sources have said.

As part of those agreements, publishers shifted to a model that allowed them to set the price of e-books and give Apple a 30 percent cut of sales, the sources have said.

Talks between the Justice Department and some publishers had been proceeding, with settlements expected as soon as this week, one of the two sources familiar with the matter said on condition of anonymity, because the discussions were not public.

A negotiated settlement is expected to eliminate Apple's so-called "most favored nation" status, which had prevented the publishers from selling lower-priced e-books through rival retailers such as Inc or Barnes & Noble Inc, sources had told Reuters last month.

But the situation was fluid, those sources said at the time.

DOJ may sue Apple over ebooks as early as Wednesday: sources | Reuters

Reply With Quote

Reply > Futures Trading, News, Charts and Platforms > Traders Hideout > News and Current Events > DOJ may sue Apple over ebooks as early as Wednesday

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

An Afternoon with FIO trader bobwest

Elite only

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
DOJ casts wide net with mortgage subpoenas kbit News and Current Events 0 March 1st, 2012 10:08 PM
DoJ contacting additional banks on mortgage deal kbit News and Current Events 0 January 9th, 2012 08:19 PM
DOJ investigating alleged criminal actions by eBay kbit News and Current Events 1 September 14th, 2011 07:12 AM
Wednesday: Techs May Give Stocks a Boost; Apple on Tap Quick Summary News and Current Events 0 April 19th, 2011 10:00 PM
Free EBooks on Amazon DavidHP Off-Topic 2 January 18th, 2011 11:07 PM

All times are GMT -4. The time now is 07:57 AM.

Copyright © 2016 by All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts

Page generated 2016-10-25 in 0.07 seconds with 19 queries on phoenix via your IP