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The DOJ could reportedly sue Apple (AAPL) and Macmillan today over the alleged fixing of e-book...

The DOJ could reportedly sue Apple (AAPL) and Macmillan today over the alleged fixing of e-book prices while coming to a settlement with Simon & Schuster (CBS), Hachette and HarperCollins (NWSA). Justice wants a deal that would let Amazon (AMZN) and other retailers, not the publishers, decide what to charge customers.
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Comments (7)
  • Tschurin
    , contributor
    Comments (365) | Send Message
    And why not let movie theaters charge different prices for different movies?
    11 Apr 2012, 05:56 AM Reply Like
  • Siddharth Dalal
    , contributor
    Comments (3185) | Send Message
    Why not? I don't go to the theaters anymore but when I did I would have paid more to see a big budget special effects movie as opposed to a low budget flick
    11 Apr 2012, 08:31 AM Reply Like
  • remurraymd
    , contributor
    Comments (2287) | Send Message
    A final decision has yet to be made. Justice has warned Apple and five of the "Big Six" publishers of its intent to sue. Simon & Schuster, Hachette, Penguin, Macmillan and HarperCollins are also implicated. According to Steve Jobs Amazon was selling e-books below cost across state lines in violation of RICO anti-trust statutes to put legitimate competitors trying to make a profit out of business.Amazon should be investigated not the others. "Leaks"probably from folks who are short AAPL hoping for a big pullback or from DOJ itself to pressure settlement.Late last month, reports emerged that Apple and the publishers were close to a settlement with the DoJ that would head off the lawsuit. However, The Wall Street Journal claimed last week that Apple did not agree to settlement terms. Three of the publishing houses are reportedly amenable to the settlement, while the remaining two are believed to be unhappy with the terms.APD
    11 Apr 2012, 06:35 AM Reply Like
  • Sean F
    , contributor
    Comments (85) | Send Message
    Wow, now the government want to tell apple how much profit they can make. Thanks shorts, BUY, BUY, BUY!!!!
    Long Apple.
    11 Apr 2012, 07:10 AM Reply Like
  • Day Trader001
    , contributor
    Comments (790) | Send Message
    When you are on top, some parasite always wants your loose change!
    11 Apr 2012, 08:09 AM Reply Like
  • 2putts
    , contributor
    Comments (2) | Send Message
    DOJ needs to fix their priorities. Attacking aapl should not even be on the list.
    11 Apr 2012, 12:13 PM Reply Like
  • marshamak
    , contributor
    Comments (12) | Send Message
    Just a lot of smoke generated from AMZN--because they need news everyday to prop up their overinflated stock price. Watch AMZN insiders start to pour their shares onto the open market before they collapse.
    11 Apr 2012, 04:10 PM Reply Like
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