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Apple Says Government's E-Book Pricing Suit 'Fundamentally Flawed' -Reuters

DOW JONES NEWSWIRES Apple Inc. (AAPL) said in a court filing that the U.S. government's lawsuit against the company concerning e-book pricing is "fundamentally flawed," Reuters reported Wednesday. Last month, the government sued Apple and five e-book publishers, alleging they conspired to raise prices and block Amazon.com Inc. (AMZN) from selling e-books at $9.99. Three publishers settled the suit. Macmillan, a unit of Verlagsgruppe Georg von Holtzbrinck GmbH (VGH.YY), and Pearson PLC's (PSON.LN) Penguin Group declined to join the settlement. Apple said in the filing that the government incorrectly characterized a comment about the e-book market attributed to Steve Jobs, Reuters reported. The company said: "Apple's entry into e-book distribution is classic procompetitive conduct," Reuters reported. Full story at http://www.reuters.com/article/2012/05/23/apple-ebooks-idUSL1E8GND3220120523 -Dow Jones Newswires; 212-416-2900

Stock News for Pearson (PSO)
DateTimeHeadline
05/23/201303:40:48Pearson Shakes Up Management Amid Restructure
05/23/201303:10:48Pearson Forms New Structure, Makes Several Leadership Changes
05/22/201312:40:17Penguin to Settle in E-Book Dispute
05/22/201309:37:50Pearson Agres to Pay $75 Million in Damages to Resolve eBook...
05/17/201313:30:23Financial Times Tech Blog and Twitter Accounts Hacked
04/26/201302:44:22Pearson Trading In Line With Views, 1Q Revenue Rises 3%
04/19/201311:40:07Penguin Makes Bid to Settle E-Book Case With EU
04/19/201306:33:08EU Receives Penguin Offer to Settle E-books Case
04/05/201311:00:14EU Gives Green Light to Penguin, Random House Merger
03/26/201306:33:55Bertelsmann Sees Revenue Growth Due to Acquisitions
02/25/201316:57:20ADR Shares End Lower Amid Italian General Election Concerns
02/25/201312:29:31EUROPE MARKETS: Europe Stocks Rise After Italy Election Polls
02/25/201309:34:32LONDON MARKETS: U.K. Stocks Shake Off Moody's Downgrade
02/25/201309:22:36U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
02/25/201307:50:11Pearson Plans Shake-Up
02/25/201304:50:33Sterling Slumps After Moody's UK Rating Move, Stocks Remain Upbeat
02/14/201312:37:52Pearson: Justice Department Closes Penguin, Random House Merger...
02/14/201312:32:34Pearson PLC Merger Update
02/14/201311:41:11Macmillan to Settle E-book Suit Brought By Connecticut and 32...
02/08/201311:40:07DOJ Settles With Macmillan in E-Books Case

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