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SeattlePI.com Tuesday, 11 June 2019

States sue to stop $26.5 billion Sprint-T-Mobile deal

NEW YORK (AP) — A group of state attorneys general led by New York and California are seeking to block T-Mobile's $26.5 billion bid for Sprint. They say the merger would hurt competition and drive up prices for cellphone service. They filed a federal lawsuit Tuesday in an unusual step ahead of a decision by federal antitrust authorities. T-Mobile and Sprint have argued that they need to bulk up to upgrade to a fast, powerful "5G" mobile network that competes with Verizon and AT&T.


Tech on trial: House panel begins review of market power

WASHINGTON (AP) — The House Judiciary Committee is launching its investigation into the market dominance of Silicon Valley's biggest names, including Facebook, Google and Amazon. The hearing Tuesday will look at the tech giants' impact on news outlets and local advertisers. Some lawmakers warn that the technology companies have become monopolies, and several Democratic presidential candidates say they should be broken up on antitrust grounds.


Wholesale prices blip up 0.1% in May

WASHINGTON (AP) — U.S. wholesale prices rose just 0.1% in May month, another sign that inflationary pressures are under control. The Labor Department says the increase last month in its producer price index, which measures inflation pressures before they reach consumers, was half April's 0.2% increase.


New Jersey mandates panic buttons for hotel room cleaners

ATLANTIC CITY, N.J. (AP) — New Jersey Gov. Phil Murphy has signed a law requiring most of the state's hotels to provide their workers with wearable panic buttons they can press to quickly summon help in an emergency. The Democratic governor and several nationwide unions say New Jersey is the first state to mandate the...
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News video: Business Matters - BM20190610

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Congressional Event Part 2?

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