Antitrust/Monopolies
The Justice Department is extending the reach of the Sherman Antitrust Act into cyberspace, writes The Washington Post's Leslie Walker in a column. For the past year or so, she says, the department has been conducting antitrust investigations into Internet joint ventures formed by market leaders in five industries -- music, movies, travel, bond trading and foreign-currency trading -- to make sure they aren't doing things online that would be considered anti-competitive if they took place offline. The credit-card industry is also in hot water over some of its practices, and The Liberty Alliance effort launched by Sun Microsystems Inc. has a carefully-worded agreement for its members defining anti-trust obligations.
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