The move could create a new headache for Donald Trump, whose public statements have raised suspicions that he interfered with the decision.
Both the company and the president have used their clout to stifle criticism and paid members of Congress to pull their punches.
The European Union slaps the fine on the internet giant for taking advantage of its dominance in online searches to direct customers to its own shopping business.
Charges from the European Commission could cost the company up to 10 percent of its annual revenue and show American firms that “there’s a bazooka in Europe that can be shot at companies” that seek to obtain dominant market positions.
Judges warn that a lawsuit accusing 16 major banks of colluding to manipulate interest rates could bankrupt the institutions responsible for the crash that debilitated the global economy in 2008.
In this new Gilded Age, Big Tech—along with Big Pharma, giant health insurance companies, Big Agriculture and the largest banks on Wall Street—is dominating our economy and our politics.
Last week’s settlement between the Justice Department and five giant banks reveals the appalling weakness of modern antitrust law.
The European Union's top antitrust watchdog is setting her sights on Google, taking the tech giant to task for allegedly elbowing out competitors' listings in online shopping searches.
Worried that the impending merger of American Airlines and US Airways would kill domestic competition, the Justice Department is suing on antitrust grounds.