Business Highlights: King on books merger, job openings
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Stephen King testifies for government in books merger trial
WASHINGTON (AP) — Bestselling author Stephen King has testified in a federal antitrust trial in Washington. Tracing his own history beginning as an unknown author in the 1970s, King laid out a portrait of a publishing industry that has become increasingly concentrated over the years. He testified as a witness for the U.S. Justice Department. The government is trying to convince a federal judge that the proposed merger of Penguin Random House and rival Simon & Schuster, two of the world’s biggest publishers, would thwart competition. In his testimony Tuesday, King described himself as “a freelance writer.” He said publisher “consolidation is bad for competition.”
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House panel subpoenas gunmaker for data on rifle sales
WASHINGTON (AP) — The gunmaker Smith & Wesson is facing new scrutiny from Congress. The House Oversight panel subpoenaed the company Tuesday…
