collusion

The U.S. Department of Justice has reined down hard on a Taiwanese LCD screen maker in court, demanding $1 billion in fines and significant jail time for two former executives.

According to the Associated Press, AU Optronics carried out an extensive price-fixing scheme that feds said was the most significant ever prosecuted in the U.S. During a federal trial in March, the jury found both AU Optronics and two of its executives, Hsuan Bin Chen and Hui Hsiung, guilty of price-fixing.

The original complaints for the case alleged that the company worked to create an international "cartel&… Read more

Some of the largest tech companies are reportedly close to settling allegations that they colluded to keep down wages through no-poaching agreements, according to The Wall Street Journal.

Apple, Adobe Systems, Google, Intel, Intuit, and Pixar are reportedly looking to settle the allegations to avoid a courtroom face-off with the Justice Department. The companies have been trying to persuade the government that nonpoaching agreements are not anticompetitive because they help ensure that employees can work on projects with other firms without fear of being stolen away.

The DOJ asserts that such agreements can hurt employees by limiting their ability to … Read more

On today's show, Brian Cooley announces that he's made the switch...I mean, the big switch. He bought an iPhone. The world briefly stopped rotating, and when it resumed, we laid down the smack on poor Jerry Yang, the Justice Department, the XM-Sirius merger, and subsequent channel flipping, and some poor guy who thought it was a good idea to call our show. Good times!

Yahoo's Jerry Yang to step down, as a search for new CEO commences http://kara.allthingsd.com/20081117/yahoos-jerry-yang-to-step-down-as-a-search-for-new-ceo-commences/ Jerry Yang's entire memo … Read more