The US Justice Department and the Federal Trade Commission reached an agreement that allowed them to proceed with antitrust inquiries into the significant roles Microsoft, Nvidia, and OpenAI have been doing in the development of artificial intelligence.
Tags: Department of Justice
US DOJ Considers Breaking up Google Over Monopoly Concerns; Company Warns It Would Harm Consumers
The US government is pursuing a breakup of Google due to its illegal monopoly in the search engine market, aiming to promote competition.
[TIMELINE] How Boeing Came Under Fire by Federal Lawsuit Over Fatal Crashes
Boeing has until July 5 to decide on whether to fight or plead guilty to the lawsuit filed by the Department of Justice for its alleged violation of a 2021 agreement that shielded it from criminal charges after a string of incidents involving its planes, employees, and other business lines.
PetroChina Fined $14.5 Million for US Export Law Violation, DOJ Says
PetroChina International America has agreed to pay a fine and forfeiture totaling $14.5 million for violations of US export law.
Boeing may be Charged by US Prosecutors for Violating 2021 Settlement, According to Sources
Prosecutors recommended that the US Department of Justice file charges against Boeing after discovering it allegedly violated a settlement made in 2021 that shielded it from criminal charges.
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Democratic US House lawmakers are urging the Justice Department to investigate possible antitrust violations among US oil producers and OPEC.
Chinese Nationals Accused of $73 Million Pig Butchering Crypto Scam Gets Arrested—DOJ Shares Details
Some Chinese nationals who are accused of a million-dollar pig butcher crypto scam were arrested. Here's what the Department of Justice announced.
The US Justice Department has filed a lawsuit against Boeing for allegedly violating the 2021 agreement to defer any criminal prosecution about two 737 MAX crashes in 2018 and 2019.
The United Steelworkers union stands against the acquisition, citing potential threats to American jobs.
Warner Bros. Discovery has announced that two of its directors, Steven Miron and Steven Newhouse, are resigning from the board.
A group of key app developers, which include Epic Games, Spotify, and others, known as the Coalition for App Fairness (CAF), is supporting the DOJ's antitrust lawsuit against Apple.
Russian Oligarch's Mega-Yacht Amadea: US Government's $1 Million Monthly Maintenance Burden Unveiled
The US Department of Justice reportedly spends $1 million monthly on the Amadea, a $230 million mega yacht seized from Russian mogul Suleiman Kerimov.
General Electric Co. has been intending to sell its electrical appliance chapter prior to initiation of global economic debacle. The Federal Justice Department has foiled its earlier bid to sell its century old electrical appliance portfolio. Finally, it has reached a consensus to sale the business unit to Chinese electrical equipments maker Haier for more than $4 billion.
Goldman Sachs Group Inc. has finally agreed to pay $5.1 billion on Wednesday to resolve a seven years’ pending dispute over faulty mortgage securities. The penalty amount remains lower compared to those counted by other Wall Street competitors. Fourth quarter profit of the firm may be hit by the penalty counting. But investors welcome the settlement and its share price rises by 1.5% on Thursday.
