Reuters: Technology News: U.S., states propose remedy for Apple e-book price-fixing

Reuters: Technology News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

U.S., states propose remedy for Apple e-book price-fixing Aug 2nd 2013, 14:33 Tweet Share this Email Print Analysis & Opinion Apple asks Obama to take a stand on injunctions and essential patents UBS 'likely' to settle with FHFA before January trial: bank co-defendants Related Topics Tech » Regulatory News » Breakingviews » The Apple logo is pictured at the company's flagship retail store in San Francisco, California January 23, 2013. Credit: Reuters/Robert Galbraith NEW YORK | Fri Aug 2, 2013 10:02am EDT NEW YORK (Reuters) - Apple Inc deserves a five-year ban from entering anticompetitive e-book distribution contracts, and should also end its business arrangements with five major publishers with which it conspired to raise e-book prices, federal and state regulators said on Friday. The U.S. Department of Justice and 33 U.S. states and territories proposed those changes and others after a federal judge last month found in a civil antitrust case that Apple conspired with the publishers to raise e-book prices. Regulators accused Apple of conspiring to undercut Amazon.com Inc's e-book dominance, causing some e-book prices to rise to $12.99 or $14.99 from the $9.99 that the online retailer had been charging. U.S. District Judge Denise Cote in Manhattan on July 10 ruled that Apple had played a "central role" in a conspiracy to eliminate retail price competition and raise e-book prices. A hearing to discuss remedies is scheduled for August 9. Cote has said she also plans to hold a trial on damages. (Reporting by Jonathan Stempel in New York) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions