Justice Dept. Apple Lawsuit Drawing Near

    An Apple employee, left, assists a man with his new iPad at Apple's flagshop store, in New York, Friday, March 16, 2012. Apple's latest iPad drew die-hard fans to stores in the U.S. and nine other countries Friday, many of whom lined up for hours to be among the first to buy one. (AP Photo/Richard Drew)

    Richard Drew / AP Photo

    A filing could come as early as Wednesday morning as the Justice Department prepares to sue Apple over alleged e-book price-fixing. The DOJ is investigating whether the tech giant cut unfair deals with five publishers—Simon & Schuster Inc., HarperCollins, Hachette Book Group, Pearson, and Macmillan—to inflate the cost of e-books. Under the agreement, the publishers would set the price of the books, and Apple would get a 30 percent cut. The DOJ has been negotiating with publishers, and several are expected to settle this week. Publishers are expected to begin selling their content to other retailers like Amazon and Barnes & Noble at a lower cost.

    Read it at Reuters