US considers Google breakup in landmark antitrust case; Boeing pulls pay offer – business live

US considers Google breakup in landmark antitrust case; Boeing pulls pay offer – business live

Rolling coverage of the latest economic and financial news

Also in the US overnight, attempts to end the Boeing workers strike have hit a roadblock – with the company withdrawing its pay rise offer.

Boeing and the union held their latest round of negotiations with federal mediators on Monday and Tuesday, but talks collapsed and the sides were left locked in acrimonious stalemate showing no signs of being resolved anytime soon, a person briefed on the talks said.

“Further negotiations do not make sense at this point and our offer has been withdrawn.”

“They refused to propose any wage increases, vacation/sick leave accrual, progression, ratification bonus, or the 401k Match/SCRC Contribution. They also would not reinstate the defined benefit pension.”

Google’s anticompetitive conduct resulted in interlocking and pernicious harms that present unprecedented complexities in a highly evolving set of markets.

These markets are indispensable to the lives of all Americans, whether as individuals or as business owners, and the importance of effectively unfettering these markets and restoring competition cannot be overstated. P

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