AdamSmithBlawgletter has lately started scanning news reports about the U.S. Justice Department Antitrust Division's bid to block the minnow-eats-whale merger of U.S. Airways and American Airlines. Wowsers.

Let's start by saying we've found that the biz reporters have a not-very-good grasp of antitrust law. A terrible one in fact. They seem to think that whatever

E-bookDid Apple collude with publishers to jack up the price of e-books?

You betcha, U.S. District Judge Denise L. Cote ruled in Manhattan today after a three-week trial.

NYT story here, WSJ there.

A damages trial will follow.

Apple pursued a nutty defense, which held that it and the publishers did no wrong

Talk about goofy.

Today's WSJ — The Wall Street Journal — includes a column that gets antitrust law so wrong you wonder why the paper's pundits, who include those who write the official editorials, bother.

The column in question takes aim at the U.S. Department of Justice's case that calls Apple and five book publishers

Church & Dwight bills itself as "one of the fastest growing Consumer Packaged Goods companies" and as "a leader in the Household Consumer Products and Personal Care industry, with such brands as ARM & HAMMER, Trojan, First Response, Nair, Spinbrush, Oxi Clean, Orajel and more."

Note the "Trojan" bit.

In June 2009, the Federal Trade Commission