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All Posts Tagged Tag: ‘Department of Justice’

Netflix Was a Big Part of Why Regulators Hated Comcast/TWC Merger

By now you’ve probably heard that Comcast has abandoned its push to acquire Time Warner Cable, due to looming concerns that both the Department of Justice’s antitrust division and the Federal Communications Commission were poised to recommend it blocked. “Today, we move on. Of course, we would have liked to bring our great products to new cities, but we structured …

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Comcast / Time Warner Cable Merger Is Dead, Officially

It’s official. Comcast has announced it has abandoned its efforts to acquire Time Warner Cable, in a deal that would’ve been valued at around $45 billion. This follows reports on Thursday that said the Department of Justice and Federal Communications Commission were both gearing up to recommend against the deal. If the merger had been approved, the Comcast-TWC behemoth would’ve …

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Comcast Is Giving Up on Its TWC Deal: Report

Comcast is planning to kill its proposed acquisition of Time Warner Cable before the feds can kill it first. Bloomberg is quoting sources who say that Comcast is ready to back away from the merger, which would be valued at around $45 billion. This comes on the heels of reports that the FCC had proposed a “hearing designation order” for …

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Elizabeth Warren, Al Franken Among Six Senators Urging a Swift Death for the Comcast/Time Warner Merger

In a letter addressed to Federal Communications Commission Chairman Tom Wheeler and Attorney General Eric Holder, six Senators are urging the blockage of Comcast’s proposed merger with Time Warner Cable. The letter comes just one day before representatives from Comcast and Time Warner Cable are set to meet with DoJ antitrust officials in the hopes of saving a deal that …

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Comcast, TWC Will Meet with Regulators to Try to Save Deal

With their proposed merger on shaky ground, representatives from Comcast and Time Warner Cable are planning to meet with Justice Department officials in the hopes of negotiating a pathway for the deal to proceed. This will be the first such meeting between the cable companies and regulators since the merger was announced. The Wall Street Journal Reports that Comcast will …

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Regulators Ready to Kill Comcast / TWC Merger: Report

One of the regulatory agencies looking over the proposed Comcast / Time Warner Cable merger may be about to give it the thumbs down, citing concerns over potential harm to customers. Bloomberg cites the ubiquitous “people familiar with the matter” in saying that antitrust lawyers at the Department of Justice are poised to recommend against the merger. From Bloomberg: Attorneys …

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Antitrust Prosecution Comes To E-Commerce

The U.S. Department of Justice announced that it has charged a former e-commerce executive with price fixing, in what would be the DoJ’s antitrust division’s first online marketplace prosecution. The defendant is charged with price fixing in violation of the Sherman Act, which carries a maximum sentence of 10 years and a fine of $1 million for individuals. David Topkins, …

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Three Men Charged in Biggest Email Data Breach in History

An unsealed indictment reveals that the US Justice Department has charged three men in what it is calling “one of the largest reported data breaches in US history. It is, in fact, that biggest email data breach ever. “These men — operating from Vietnam, the Netherlands, and Canada — are accused of carrying out the largest data breach of names …

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Al Franken Pens Letter To DOJ On ISIS Recruitment

Al Franken has taken a bit of a stand recently to bring attention to ISIS (also known as ISIL or the Islamic state) efforts to recruit members inside the US and to disallow those who have associations with the terror group to return to the US, according to CBS. He stated, “In my experience, no one is more upset about …

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Amber Alerts: Do They Save Lives?

In 1996, nine-year-old Amber Hagerman was abducted while riding her bicycle in Arlington, Texas. Her body was found four days later in a storm drainage ditch. Her murder has never been solved. In the years that followed, Amber’s family and friends worked tirelessly, not only to try to find her murderer, but to help ensure that such a thing never …

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Credit Suisse Pleads Guilty to U.S. Tax Evasion

Swiss banking firm Credit Suisse this week pleaded guilty to U.S. tax evasion charges. According to the U.S. Department of Justice, Credit Suisse is the largest bank to plead guilty to such charges in over two decades. The case surrounds a years-long investigation by the U.S. government into a conspiracy to aid U.S. taxpayers in avoiding taxes. The charges allege …

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Student Loans: Sallie Mae To Refund Military Members Who Paid Too Much Interest

Student loans are already bad enough, but the interest rates are what kills most graduates trying to pay it all back. With interest rates capped at 6 percen for military members, it’s not as bad as it could be. Unfortunately for some, their interest rates were not capped at the federal maximum. For those suffering under the burden of high …

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