The Justice Department is investigating whether Visa Inc. V, -5.03% is engaging in anticompetitive practices in the debit-card market, according to people familiar with the matter. The department’s antitrust division has been gathering information and asking whether Visa, the largest U.S. card network, has limited merchants’ ability to route debit-card …
Read More »Outside the Box: Active managers see value in these 3 company practices but indexers hate them. Who’s right?
Every corporation is unique. It follows that governance arrangements should be tailored to suit. Yet many shareholders, especially indexers, roundly condemn certain governance practices as if one size fits all. Three corporate practices illustrate this: combining the roles of chairman and chief executive; staggered director terms, and classes of stock …
Read More »‘Fortnite’ maker accuses Apple of illegal monopolistic practices in tech battle royale that appears headed for a courtroom
The maker of “Fortnite” has launched a Battle Royale against Apple Inc., accusing the tech giant of seeking to “unlawfully maintain its monopoly.” Epic Games said Thursday it filed legal papers against Apple AAPL, +1.77% after the iPhone maker booted the company’s hit game “Fortnite” out of its App Store, …
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