Stocks to Watch: Apple, AIG, McDonald's:
NEW YORK -- Apple and five of the biggest U.S. publishers have been warned by the Justice Department it plans to sue them for allegedly colluding to raise the price of electronic books, The Wall Street Journal reported, citing people familiar with the matter.
Several of the parties have held talks to settle the antitrust case and head off a court battle, the people told the newspaper. A successful settlement could potentially lead to cheaper e-books for consumers.
The five publishers facing a potential suit are CBS' Simon & Schuster; Lagardere's Hachette Book Group; Pearson's Penguin Group (USA); Macmillan, a unit of Verlagsgruppe Georg von Holtzbrinck GmbH; and HarperCollins Publishers, a unit of News Corp. .
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NEW YORK -- Apple and five of the biggest U.S. publishers have been warned by the Justice Department it plans to sue them for allegedly colluding to raise the price of electronic books, The Wall Street Journal reported, citing people familiar with the matter.
Several of the parties have held talks to settle the antitrust case and head off a court battle, the people told the newspaper. A successful settlement could potentially lead to cheaper e-books for consumers.
The five publishers facing a potential suit are CBS' Simon & Schuster; Lagardere's Hachette Book Group; Pearson's Penguin Group (USA); Macmillan, a unit of Verlagsgruppe Georg von Holtzbrinck GmbH; and HarperCollins Publishers, a unit of News Corp. .
...
Click to view a price quote on AAPL.
Click to research the Computer Hardware industry.
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