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June 30 () - Airbnb must face a lawsuit by the city of Los Angeles, which accused the home rental company of allowing price gouging affecting more than 2,600 properties during the January 2025 wildfires in southern California, City Attorney Hydee Feldstein Soto said on Tuesday. (Reporting by Jonathan Stempel in New York; Editing by Chris Reese).
The U.S. Supreme Court agreed on Tuesday to hear Apple's bid to escape being found in contempt in its legal fight with "Fortnite" maker Epic Games after the iPhone maker was deemed in violation of a judicial order mandating sweeping changes to its lucrative App Store in the antitrust litigation. The justices took up Apple's appeal of a lower court's ruling upholding a decision by Oakland, California-based U.S. District Judge Yvonne Gonzalez Rogers finding Apple in contempt in Epic's 2020 lawsuit contesting App Store fees. The Supreme Court is expected to hear the case in its next term, which begins in October.
Artificial intelligence has created shortages across nearly every part of the semiconductor supply chain. GPUs have received most of the attention, but memory chips have quietly become just as critical. Every advanced AI accelerator depends on high-bandwidth memory (HBM), and manufacturers are struggling to keep pace. Even after investing billions of dollars to expand production, ... Micron Hit With Price-Fixing Lawsuit: Real Collusion or Simple Supply and Demand?
(Updates with the company's response in the fourth paragraph.) Super Micro Computer (SMCI) is coo
The recall covers a transmission issue that could cause vehicles to roll away.
June 30 (Reuters) - A bipartisan group of U. lawmakers has opened national security investigations into whether drugmakers Merck and AbbVie have been involved in clinical trials conducted in China that helped fuel the communist country's military capability, according to letters seen by Reuters.
A US antitrust suit accuses Samsung, SK Hynix and Micron of inflating DRAM prices days before their $650 billion AI push.
<body><p>STORY: Apple accused India’s antitrust watchdog of "copy-pasting" rivals' claims in the latest escalation of their ongoing fight. </p><p>Regulatory papers reviewed by Reuters showed that Apple said the body failed to conduct its own probe after it concluded the tech giant breached competition laws.</p><p>Apple has called for the findings to be quashed. </p><p>It marks the sharpest move yet in Apple's conflict with the Competition Commission of India (CCI)...</p><p>Where Tinder-owner Match and Indian firms like Paytm are among its opponents.</p><p>In 2024, India’s watchdog published a report saying Apple engaged in "abusive conduct" on the apps platform of its iOS operating system...</p><p>And that Apple wrongly mandated the use of its payment system.</p><p>Apple has denied the allegations. </p><p>The tech giant instead branded itself a “miniscule player” in India with a sub-6% share of India's smartphone market.</p><p>And said that any forced alterations to its App Store could disrupt its integrated business model.</p><p>Similar arguments by other big companies, like Alphabet’s Google in 2023, have failed to sway the watchdog.</p><p>The CCI and its head of investigations] did not respond to Reuters queries.</p><p> Apple also did not respond to requests for comment.</p></body>
(Updates with DOJ's response in the fifth and sixth paragraphs.) Abbott Laboratories (ABT) will n
Seventeen plaintiffs allege the chipmakers coordinated a shift to HBM production to artificially restrict commodity DRAM supply and drive up prices
The European Commission has issued a preliminary decision to classify Microsoft Azure as a gatekeeper under the Digital Markets Act, signaling new potential obligations for the cloud platform in the EU. Italy's antitrust regulator has opened an investigation into Microsoft 365, focusing on how Copilot and Designer are integrated, how price changes are communicated, and the handling of customer migrations to higher priced plans. Both actions highlight growing regulatory attention on...
Apple (AAPL) has accused the Competition Commission of India of copying rivals' claims and failing t
By Aditya Kalra NEW DELHI, June 29 (Reuters) - Apple has accused Indian antitrust investigators of "copy-pasting" its rivals' claims and failing to properly conduct its own investigation in concluding
Abbott Laboratories (ABT) will not face criminal charges after the US Department of Justice closed a
Rosen Law Firm has started investigating Strategy for potential class-action lawsuit from investors related to various securities.
Reg Wydeven is a partner with the Appleton-based law firm of McCarty Law LLP. He writes a weekly column for The Post-Crescent.
Millions of YouTube TV and DirecTV Stream subscribers may be eligible for a payout from Disney’s $50 million settlement.
Scott Melker discusses rumors surrounding Saylor's Strategy, the brutal crypto week that took place, Kraken, bitcoin, and other big crypto headlines. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance's new crypto hub to find the latest crypto-related news.
Britain's Competition Appeal Tribunal has allowed a £3b collective lawsuit against Apple to proceed. The case alleges Apple abused its market position in iCloud storage by locking users into its ecosystem. Millions of UK iPhone and iPad users may be eligible to join the class action over alleged overcharging for iCloud subscriptions. Apple, traded as NasdaqGS:AAPL, now faces a large UK class action that directly targets its services business, an important revenue stream alongside hardware...
Tesla investors have placed a lot of eggs in the company's autonomous driving basket to justify its 338x trailing twelve-month price-to-earnings ratio. The S&P 500 currently has a TTMPE ratio of 32, according to Multpl. The company doubled down on its autonomous driving ambitions earlier this ...
Ford (NYSE: F) recalls this year have topped 1.2 million vehicles. While its poor 2006 track record is not nearly as bad as last year’s, the company’s quality promise has fallen apart again. And, while moves into battery technology have lifted the stock, there is reason for investors to be worried. Ford can’t get its ... Ford Recalls Continue to Cripple Brand
Tesla Inc. (NASDAQ:TSLA) is facing fresh legal and regulatory challenges following the National Transportation Safety Board (NTSB) announcement that it will examine the fatal Texas crash that took place last week involving a Model 3 sedan. NTSB Announces Probe According to a report by Reuters on Wednesday, the agency said it will investigate the incident, which is already under scrutiny of the National Highway Traffic Safety Administration (NHTSA). The collision occurred in Katy, Texas and resul
(Updates with Pfizer's response in the last two paragraphs.) Pfizer (PFE) has been dismissed as a
GameStop Corp (NYSE:GME)'s board has scrapped a proposed CEO performance award after a request from CEO Ryan Cohen, who said he wants leadership focused on the company's operating performance and its pursuit of online marketplace eBay. The award, approved in January 2026, would have paid...
The family of the 76-year-old woman killed when a Tesla Model 3 plowed into their suburban Houston home has filed a wrongful death lawsuit against Tesla and the driver, NBC News reported.
YouTube's owner, Google, has settled a lawsuit brought by a teenager suing the world's biggest social media companies over their role in the youth mental health crisis. The 16-year-old's lawyers said the terms of the settlement were confidential, but that TikTok, Snapchat, and Instagram are still set to face trial in July. Google spokesperson Jose Castaneda said the lawsuit had been amicably resolved.
Hut 8 (NASDAQ: $HUT) has agreed to pay $2.35 million U.S. to settle a class action lawsuit related to its 2023 merg...
LONDON, June 23 (Reuters) - Britain's competition tribunal has approved a £3 billion ($4 billion) lawsuit against Apple over its iCloud storage service, consumer group Which?
The Supreme Court revived a lawsuit Exxon Mobil Corp. brought against oil companies owned by the Cuban government that seeks $1 billion in damages for the oil refinery and service stations Cuba took from the U.
LONDON, June 23 () - Britain's competition tribunal has approved a £3 billion ($4 billion) lawsuit against Apple over its iCloud storage service, consumer group Which. said on Tuesday, clearing the way for tens of millions of consumers to join a collective action.
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