The US Federal Trade Commission announced Wednesday that it has approved of Morgan Stanley’s plans to divest its oil merchanting business to a Russian company, but the firms will wait to seek additional approval of the deal until political tensions between the US and Russia ease.
According to reports, Morgan Stanley …read more
Google is raising competition concerns yet again, this time in its remarks to The Financial Times announcing plans to cut off independent record labels from posting their bands’ music videos on YouTube due to royalty disputes.
According to reports, Google is rumored to be launching its own music streaming service but …read more
Germany’s Interior Minister Thomas de Maiziere, a close ally to Chancellor Angela Merkel, has shut down calls for European officials to break up Google to curb the company’s dominance, according to reports.
In an interview, de Maiziere responded to criticism that the EU needs to act more drastically to rein in …read more
Fourth place wireless operator T-Mobile is reportedly preparing a backup plan should its alleged plans to merge with third-place rival Sprint fall through.
T-Mobile is said to be eying spectrum from smaller competitors, an unnamed source said, even though the company would likely be forced to divest some of it if …read more