rejects

WASHINGTON—A federal judge Monday ruled against a Justice Department antitrust challenge to UnitedHealth Group Inc.’s $13 billion acquisition of health-technology firm Change Healthcare Inc., rejecting government claims that the deal would unlawfully suppress competition and limit innovation in health-insurance markets. U.S. District Judge Carl Nichols ruled for the companies in an opinion that he kept under seal for now because he said it “may contain competitively sensitive information.” The judge…

Aviation-safety regulators rejected a proposal by a regional airline seeking to reduce the number of hours that some co-pilots need to begin flying passengers.  Indianapolis-based Republic Airways Holdings Inc. had asked the Federal Aviation Administration to allow pilots who go through a special program at the airline’s training academy to begin flying on a restricted license after 750 hours of training—half what is generally required.  Aviation-safety regulators rejected a proposal by…

The tech groups that challenged the law and were on the losing end of Friday's ruling include NetChoice and the Computer & Communications Industry Association, which count Meta Platforms' Facebook, Twitter and Alphabet Inc's YouTube as membersA US appeals court on Friday upheld a Texas law that bars large social media companies from banning or censoring users based on "viewpoint," a setback for technology industry groups that say the measure would turn platforms into bastions of dangerous content. The 3-0 ruling by…

A US judge rejected AT&T Inc's bid to dismiss an unusual Securities and Exchange Commission lawsuit accusing the phone company of selectively leaking financial information to Wall Street analysts. In a 129-page decision, US District Judge Paul Engelmayer in Manhattan said he found "formidable" evidence that AT&T and three investor relations executives improperly warned analysts in March and April 2016 that lower-than-expected smartphone sales would cut into overall revenue. The SEC said this violated Regulation…

After a hearing on discovery requests from lawyers representing both Elon Musk and Twitter, Judge Kathaleen McCormick gave a firm “no” to the Musk team’s “absurdly broad” request in favor of a much smaller set of information. However, Twitter must hand over some additional data relating to how it calculates the “monetizable daily active users” (mDAU) statistic and its associated bot activity estimate that Musk argues is fraudulent. Musk’s lawyers wanted “all of the data Twitter might possibly store for each of the…

The Delhi High Court dismissed the appeals of WhatsApp and Facebook against an order rejecting their challenge to a probe ordered by the Competition Commission of India (CCI) into the instant messaging platform's updated privacy policy as of 2021. A bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad said the single judge's order was well-reasoned and the appeals were devoid of merit. In April last year, a single judge of the high court refused to interdict the investigation directed by the CCI on…

WhatsApp and Facebook pleas against a single bench order regarding the Competition Commission of India's (CCI) investigation into WhatsApp's 2021 privacy policy have been dismissed by the Delhi High Court, according to a report. Meta, formerly known as Facebook, had asked the High Court to interfere in the CCI investigation earlier. As per the report, the division bench of the Delhi High Court that pronounced the dismissal included Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad. The bench said that…

CNBC's Jim Cramer said Tuesday he's not taking seriously any comparisons drawn between the current stock market and the years 2001 and 2008, both of which saw steep sell-offs into year-end.The "Mad Money" host acknowledged the S&P 500 has so far in 2022 followed a path that looks similar to its trajectory in 2001 and 2008. For example, it's down roughly 13% year to date after mounting a comeback since mid-June, when it recorded its much-steeper lows of the year.In 2008, the S&P 500 was down about 12% at this point…

Kanye West is shutting down critics who shamed him for selling his new Yeezy apparel in large sacks that some likened to garbage bags.In a Thursday interview with Fox News, the rapper dismissed his haters and explained that his latest collaboration with the clothing store Gap is part of his mission to make fashion more egalitarian and accessible. He also clarified that the clothes are being displayed in construction bags, not trash bags.“Look, man, I’m an innovator,” West told Fox News correspondent Eric Shawn outside a…

Gaming software maker Unity Software Inc. rejected AppLovin Corp's $17.54 billion takeover offer and said it would go ahead with its planned purchase of ironSource. AppLovin, which competes with ironSource in helping developers grow and monetize their apps, offered to buy Unity in an all-stock deal last week on the condition that it drops the $4.4 billion bid for Tel Aviv-based ironSource. Unity said AppLovin's offer was not in the best interest of shareholders and decided it would not qualify as a "Superior Proposal" as…