May 05, 2016 - 05:15 PM UTC — AAPL: 93.24 (-0.95, -1.01%) | NASDAQ: 4717.09 (-8.55, -0.18%)
“The U.S. Justice Department confirmed Wednesday that it is conducting an antitrust investigation into the pricing of electronic books, the latest antitrust watchdog to probe whether there was improper collusion by publishers and Apple Inc. to prevent discounting,” Thomas Catan reports for The Wall Street Journal.
Catan reports, “At a congressional hearing, Sharis Pozen, the Justice Department’s acting antitrust chief, said: ‘We are also investigating the electronic book industry, along with the European Commission and the states attorneys general.'”
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