MONEY (MSM)

Apple conspired to fix e-book prices – U.S. appeals court

A divided federal appeals court on Tuesday said Apple Inc orchestrated a conspiracy with five publishers to increase e-book prices, in a victory for the U.S. Justice Department. By a 2-1 vote, the 2nd U.S. Circuit Court of Appeals agreed with a lower court judge that the conspiracy violated federal antitrust law, and that the judge acted properly in imposing an injunction to prevent a recurrence. Writing for the majority,

The world's richest people lost $70 billion yesterday

Nigerian billionaire Aliko Dangote, Africa’s richest person and the world’s 59th-richest, was one of only 12 billionaires among the 400 to increase their fortunes on the day, rising $180 million to $15.3 billion. The collective decline for the billionaires amounted to a fall of more than 1.5 percent.  The combined loss is more than the market capitalization of Ford Motor Co. or Twenty-First Century Fox Inc. The S&P fell 2.1 percent