Advertisement
U.S. markets close in 4 hours 29 minutes
  • S&P 500

    5,255.59
    +7.10 (+0.14%)
     
  • Dow 30

    39,775.56
    +15.48 (+0.04%)
     
  • Nasdaq

    16,411.66
    +12.14 (+0.07%)
     
  • Russell 2000

    2,125.90
    +11.55 (+0.55%)
     
  • Crude Oil

    82.64
    +1.29 (+1.59%)
     
  • Gold

    2,235.80
    +23.10 (+1.04%)
     
  • Silver

    25.01
    +0.26 (+1.04%)
     
  • EUR/USD

    1.0804
    -0.0026 (-0.24%)
     
  • 10-Yr Bond

    4.1930
    -0.0030 (-0.07%)
     
  • GBP/USD

    1.2637
    -0.0001 (-0.01%)
     
  • USD/JPY

    151.2040
    -0.0420 (-0.03%)
     
  • Bitcoin USD

    71,075.19
    +1,891.79 (+2.73%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,971.35
    +39.37 (+0.50%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

UPDATE 1-U.S. senators criticize Apple for not testifying on antitrust concerns

(Adds Google to testify in paragraph 7)

By Paresh Dave

April 9 (Reuters) - Apple Inc is refusing to testify at an upcoming U.S. Senate subcommittee hearing on competition issues related to mobile app stores, the bipartisan leaders of the panel said on Friday.

App makers long have accused Apple's App Store for iPhones and iPads, along with Google's Play store for Android devices, of engaging in anticompetitive behavior by requiring certain revenue sharing payments and setting strict inclusion rules. A subcommittee hearing was being planned for late April but no date has been set yet.

Senators Amy Klobuchar, a Democrat, and Mike Lee, a Republican, said they wrote to Apple Chief Executive Tim Cook on Friday urging the company to reconsider.

"A little more than two weeks before the planned hearing, Apple abruptly declared that it would not provide any witness," the letter said. "Apple's sudden change in course to refuse to provide a witness to testify...is unacceptable."

Apple did not respond to a request for comment.

Apple and game maker Epic Games are scheduled to square off on those issues in a federal trial beginning May 3 in California.

Google has agreed to testify at the subcommittee hearing, a spokeswoman for Klobuchar said. The company did not have immediate comment.

(Reporting by Paresh Dave Editing by Marguerita Choy)

Advertisement