What are the engineers at Google’s top secret lab, Google X, up to?
The Department of Justice on Apr. 11 sued Apple and several publishers, charging that the companies colluded to artificially inflate the price of e-books. Consumers may benefit with lower prices and so may Apple competitors such as Amazon.Justice Department sues Apple
AppleLoser. But not as big as you may have expected. Although Apple is being painted in the DOJ filing as a huge part of a major conspiracy to fix prices on e-books, Apple’s stock dipped only slightly on the news that the company was being probed by regulators — often a kiss of death for stock prices. Sterne Agee analyst Shaw Wu suspects that because e-books aren’t a large part of Apple’s business, investors aren’t that interested in this particular suit. What they may be nervous about, however, is that this probe indicates that Justice will be taking a closer look at Apple in the future.Carlos Barria/Reuters
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