Antitrust regulators said the deal would reduce competition and raise fares. The companies claim it would allow them to better compete against the biggest U.S. airlines.
Category: Justice Department
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Justice Department Sues to Block JetBlue’s Acquisition of Spirit
The New York Times – Travel: -
JetBlue Expects U.S. Move to Block Merger With Spirit
The New York Times – Business:JetBlue said it saw a “high likelihood” of an antitrust suit by the Justice Department this week, but declared that the deal would foster competition.
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JetBlue and Spirit Unions Split on Airlines’ Merger
The New York Times – Travel:Flight attendant unions at the two carriers are pushing in opposite directions as federal officials decide whether and on what terms to allow the deal.
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Government Cracks Down on Crypto Industry With Flurry of Actions
The New York Times – Business:State and federal agencies have levied fines, brought new cases and issued policy statements to rein in freewheeling practices in recent weeks.
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Tesla’s Self-Driving Technology Comes Under Justice Dept. Scrutiny
The New York Times – Business:A regulatory filing says officials have asked about software that Elon Musk, the chief executive, has said would allow cars to operate autonomously.
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Two Former Arkansas Officers Are Charged With Civil Rights Offenses
The New York Times – Business:The sheriff’s deputies used “excessive force” during the arrest of a man last year, the U.S. Justice Department said. The encounter was captured on video and shared widely on social media.
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Ticketmaster Cast as a Powerful ‘Monopoly’ at Senate Hearing
The New York Times – Music:The Judiciary Committee, responding to the bungled sale of Taylor Swift concert tickets, heard the company apologize and its critics trace the problem to the industry’s lack of competition.
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U.S. Accuses Google of Abusing Monopoly in Ad Technology
The New York Times – Business:The Justice Department’s antitrust lawsuit, which a group of states joined, was the fifth against the company since 2020.
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Justice Department Investigating Abbott Infant Formula Plant
The New York Times – Business:Abbott shut down production at the plant last year amid “shocking” sanitation lapses, touching off a disruptive infant supply formula shortage.
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Russian Citizen Accused of Running Cryptocurrency Exchange Used by Criminals
The New York Times – Business:The charges were part of an intensifying effort by federal law enforcement agencies, in conjunction with European partners, to combat international cryptocurrency schemes and illegal transactions.
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SEC Fines Steve Easterbrook, McDonald’s Ex-CEO
The New York Times – Business:The Securities and Exchange Commission fined Steve Easterbrook for lack of disclosure about the circumstances behind his firing in 2019.