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By Matt Kibbe
The short-term deal will assure long-term overspending
Independent voices from the The Washington Times Communities
Topic - Denise Cote
The judge at a New York civil anti-trust trial has found that Apple Inc. conspired with publishers to raise electronic book prices.
A federal judge cited the confident voice of the late Apple founder Steve Jobs on Tuesday as she refused to toss out lawsuits alleging the company and various publishers conspired to drive up the price of electronic books.
A former Goldman Sachs programmer was sentenced Friday to more than eight years in prison for stealing secret computer code that enables high-speed trading.
U.S. District Judge Denise Cote noted in her written ruling that Jobs had made statements that agreements between the publishers and Apple Inc., based in Cupertino, Calif., would cause consumers to "pay a little more" and that prices would "be the same" at Apple and Amazon.com.
"It was motivated solely by greed," she said.