Posts Tagged: antitrust

Some Interesting and Difficult Issues Surround the RiteAid Bankruptcy!

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Financial Statement Analysis, Income Taxes, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to the New York Times, RiteAid, one of the country’s largest pharmacy chains, faces more than a thousand lawsuits that say it filled illegal prescriptions for painkillers. Questions: Source: Holman, J. and L. Hirsch. (2023). Rite Aid, Facing Slumping Sales and Opioid Suits, Files for Bankruptcy. The New York Times, Oct. 16 (Retrievable online… Read more »

How has Microsoft avoided the Big Tech Backlash

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to the New York Times, while Google, Amazon, Apple, and Facebook faces regulator scrutiny, Microsoft, which is worth more than all of these four combined, watches from the side-line. Questions: According to this article, what has Microsoft learned from past antitrust investigations? How do market shifts and the evolution of Microsoft’s business over the… Read more »

Regulators Got their Eyes on You!

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According to the New York Times, Big Tech (Amazon, Apple, Facebook and Google) are being investigated by regulators and lawmakers regarding how these companies may have used their size and wealth to quash competition and expand their dominance. Questions: Who are some of the regulators and lawmakers investigating Google and for what reason? What are… Read more »

Antitrust Hiring Suit Settlement by Technology Companies

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Approximately 64,000 engineers won a victory over their technology companies, but did not win much money. At issue, a class action suit claimed, was an agreement by the four technology giants – Google, Intel, Adobe and Apple – not to poach each others’ employees. The engineers argued that this private old boy’s network agreement caused… Read more »

Reported to be the largest antitrust settlement in history

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Visa, MasterCard and major banks agreed Friday, July 13, to pay at least $6 billion to settle a lawsuit brought by retailers. A banking industry trade group said the settlement would allow stores to charge customers more to pay with a credit card. Questions: 1. According to the article, what is the average credit card… Read more »