Blockbuster should liquidate instead of reorganize under new ownership because the video-rental store chain lacks the necessary cash to continue operations after a proposed sale is completed, Home Media Magazine reported, citing a division of the U.S. Justice Department.
The clock is ticking for U.S. regulators to decide whether to sue Google to prevent its announced $700 million merger with ITA Software, the maker of the largest airfare-pricing platform. Google last month invoked a legal provision that gives the Justice Department 30 days to make a decision.
The U.S. Justice Department has begun an investigation into the country's two largest delivery companies, UPS and FedEx. Both have policies aimed at preventing customers from negotiating lower shipping rates through third parties.
The Justice Department filed an antitrust lawsuit against American Express Monday, alleging that the financial institution has been engaging in anticompetitive practices. Justice also said it reached a proposed settlement with Visa and MasterCard over similar charges.