President Biden will host executives from several companies, including Airbnb and Live Nation, to announce new efforts to end so-called junk fees as inflation remains high.
Category: Justice Department
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Golf’s Titanic Deal Stokes Anger on Capitol Hill
American lawmakers and officials are studying the pact between the PGA Tour and Saudi Arabia’s sovereign wealth fund.
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Senate Opens Inquiry Into PGA Tour Deal with Saudi-Funded LIV Golf
The PGA Tour and LIV have been asked to provide documents and communications tied to the agreement announced last week.
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Donald Trump’s Latest Indictment May Reshape the 2024 Race
The former president, who faces seven criminal charges for mishandling classified documents, is expected to surrender to authorities next week.
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JPMorgan’s Succession Plans for Jamie Dimon May Weigh on Investors
Revelations about rivals’ plans may prompt the bank’s shareholders to ask about who will replace Jamie Dimon at an annual investor gathering on Monday.
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JetBlue-American Partnership Struck Down by Federal Judge
An alliance begun in 2021 at four airports in the New York area and Boston allowed the airlines to sell tickets on each other’s flights and share revenue.
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Unions Accuse UPMC of Wielding Market Power Against Workers
A coalition of unions has filed an antitrust complaint with the Justice Department, accusing the Pennsylvania hospital system of suppressing wages and worsening working conditions.
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Corporate Bankruptcies Are Set to Reach a Decade-Long High
New data shows that 2023 is shaping up to be the biggest year for Chapter 11 filings in more than a decade.
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Phil Mickelson Interviewed in Antitrust Inquiry Into Pro Golf
The Justice Department met with PGA Tour lawyers this week, but a timeline for the completion of its review is unclear.
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British American Tobacco Pays U.S. $635 Million for North Korea Cigarette Scheme
Prosecutors in the United States said the firm secretly did business with North Korea through an intermediary, violating sanctions. The company apologized.
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Binance Faces Mounting Pressure as U.S. Crypto Crackdown Intensifies
The scrutiny on Binance, the giant cryptocurrency exchange, has sent new tremors through a market that is still bruised by the implosion of FTX.