Login or Register
Welcome , Settings |  Logout
Tags: US | TEC | Intel | FTC | Antitrust

Intel to Change Practices in FTC Settlement

Wednesday, 04 Aug 2010 10:40 AM

 

Share:
More . . .
A    A   |
   Email Us   |
   Print   |

Intel has agreed to change some of its practices to settle a federal antitrust lawsuit alleging a decade of abuse.

Intel Corp. is calling a truce in one of its last major antitrust battles over its behavior in the market for computer chips. Among the provisions in the tentative settlement, Intel would be prohibited from withholding benefits from computer makers that also do business with Intel's rivals.

The settlement with the Federal Trade Commission announced Wednesday extinguishes the harshest lawsuit Intel has faced yet from government regulators, who have accused Intel of illegally bullying computer makers and sabotaging rivals to protect its dominance.

Intel has been slapped with a $1.45 billion fine in Europe and separate cases in South Korea and New York state. Intel is contesting them.

© Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
More . . .
   Email Us   |
   Print   |
Around the Web
Join the Newsmax community.
Register to share your comments with the community. Already a member? Login
Note: Comments from readers do not necessarily reflect the viewpoint of Newsmax Media. While we attempt to review comments, if you see an inappropriate comment you can block it by rolling over the comment, clicking the down arrow and selecting "Flag As Inappropriate."
blog comments powered by Disqus
 
Email:
Country
Zip Code:
 
Hot Topics
Top Stories
Around the Web
You May Also Like

Shakespeare's Sonnets Come to Life in New App

Monday, 20 May 2013 11:20 AM

A new app launched on Monday aims to bring William Shakespeare's sonnets to the masses with the help of short films star . . .

Extreme Global Warming Seen Further Away than Previously Thought

Sunday, 19 May 2013 18:07 PM

Extreme global warming is less likely in coming decades after a slowdown in the pace of temperature rises so far this ce . . .

WSJ: Yahoo’s Board Approves $1.1 Billion Purchase of Tumblr

Sunday, 19 May 2013 15:25 PM

Yahoo! Inc. s board has approved a $1.1 billion acquisition of Tumblr Inc., a service that hosts 108 million blogs, the  . . .

 
 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved