Legislation Antitrust

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  • DUESSELDORF, Germany, Jan 29- Germany's anti-trust regulator said on Friday it was investigating a possible cartel of companies making agricultural machinery, particularly tractors. It did not name any targets of the probe. German agricultural trading group Baywa said the cartel office had searched its headquarters earlier this week on suspicion that some...

  • JERUSALEM, Jan 27- Prime Minister Benjamin Netanyahu on Wednesday appointed attorney Michal Halperin to run Israel's Anti-Trust Authority after a dispute over the country's natural gas reserves led to the resignation of her predecessor. Whether Leviathan gets developed will be decided by the Supreme Court. Netanyahu said Halperin's private and public...

  • Jan 26- DuPont Chief Executive Edward Breen said on Tuesday that anti-trust regulators were likely to show "very little" concern about the company's pending merger with Dow Chemical Co and were not expected to seek significant asset sales. Dupont and Dow plan to form a giant chemical and seed producer that would have a market value of about $95 billion at current...

  • BRUSSELS, Jan 25- European Union antitrust regulators are set to punish Japanese auto parts makers for allegedly fixing prices of starter motors and accelerator modules, two people familiar with the matter said on Monday. The European Commission action will mark the first of several automobile-related cases scheduled for 2016 and is the latest in a series of...

  • SEOUL, Jan 22- South Korea's antitrust regulator is probing Volkswagen AG over its advertising claims on emissions from its cars, an official at the agency told Reuters on Friday. Yonhap News Agency reported earlier that the FTC is investigating the German automaker ran false ads by claiming its cars met the European Union's strict Euro 5 emissions norms.

  • Jan 20- Staples Inc said it would give itself three more months before calling off its proposed $6.3 billion- acquisition of Office Depot Inc, giving the companies time to fight an antitrust lawsuit with the Federal Trade Commission. Staples said on Wednesday it would extend the termination date of the proposed acquisition to May 16 from Feb. 4, the previous...

  • MUNICH, Jan 17- The European Union plans to take a harder look at whether the collection of vast troves of consumer data by big Internet companies violates competition rules, competition commissioner Margrethe Vestager said on Sunday. Since taking over as Europe's top antitrust enforcer in 2014, Vestager has stepped up investigations into U.S. web giants...

  • Jan 15- General Electric Co agreed to sell its appliances business to China's Qingdao Haier Co Ltd for $5.4 billion in cash, the companies said on Friday. The deal, so far the biggest by Haier Group, will be subject to "customary regulatory filings in China and antitrust approvals in the United States, Mexico and Argentina," said a person authorized to speak on behalf...

  • *EU already looking into McDonald's tax deal with Luxembourg. BRUSSELS, Jan 12- Three Italian consumer organisations have urged EU antitrust regulators to investigate McDonald's franchise system in Europe, a month after the opening of an EU inquiry into the U.S. fast food company's tax deals with Luxembourg. Codacons, Movimento Difesa del Cittadino and...

  • BRUSSELS, Jan 12- Three Italian consumer organisations have accused U.S. fast food chain McDonald's of operating an anti-competitive system in Europe, with restrictive clauses imposed on franchise operators that may breach the bloc's antitrust rules. Codacons, Movimento Difesa del Cittadino and Cittadinanzattiva filed a complaint with the European...

  • SAN FRANCISCO, Jan 11- Anthem Corp's chief executive officer, Joseph Swedish, said on Monday he is optimistic the company will get the antitrust regulatory approval it needs for its $47 billion purchase of smaller rival Cigna Corp. this year. Swedish, in an interview at the JP Morgan Healthcare Conference, said Anthem- which will become the largest U.S. health...

  • SHANGHAI, Jan 5- China's industry and commerce regulator has asked Microsoft Corp to explain "major issues" that it says have come to light from digital data obtained as part of an anti-trust investigation. The SAIC move, coming more than a year after the investigations were first launched, could signal new uncertainties for Microsoft in China as it attempts to...

  • WASHINGTON, Dec 23- Staples Inc accused federal regulators of applying antitrust laws in a "misguided" way to try to block its $6.3 billion merger with smaller office supply retailer Office Depot Inc.. The FTC argued in a Dec. 7 lawsuit that Staples, if it bought Office Depot, would have 70 percent of the market for office supplies purchased by large national...

  • WASHINGTON, Dec 22- Atlanta-basaed Gray Television Inc has won U.S. antitrust approval to buy Schurz Communications, Inc on condition that it sells two television stations, the Justice Department said on Tuesday. The stations to be sold are WSBT-TV in South Bend, Indiana, and KAKE-TV in Wichita, Kansas, the department said. The antitrust laws render those...

  • JERUSALEM, Dec 17- After years of political infighting, Israeli Prime Minister Benjamin Netanyahu signed a deal on Thursday giving long-awaited approval for the development of the Leviathan natural gas field off Israel's coast. But if and when the field actually gets developed is now in the hands of Israel's Supreme Court. As part of the deal, Texas- based Noble...

  • Dec 15- Halliburton Co and Baker Hughes Inc said U.S. antitrust officials were not satisfied with the concessions they offered to win approval for their proposed merger, but said officials would assess further proposals. Halliburton and Baker Hughes said they remained focused on completing the merger "as early as possible in 2016", but warned there was no...

  • Dec 15- Halliburton Co and Baker Hughes Inc said U.S. antitrust officials were not satisfied with the concessions they offered to win approval for their proposed merger, and that officials said they would assess further proposals. The two oilfield service providers said it was unlikely they would be able to settle with the U.S. Department of Justice by Tuesday,...

  • Dec 15- U.S. antitrust officials are not satisfied with Halliburton Co's proposals to get clearance for its proposed acquisition of Baker Hughes Inc and are not expected to make a decision on the deal until next year, Bloomberg reported. Baker Hughes and Halliburton declined to comment on the Bloomberg report. Baker Hughes shares were up 4.3 percent, after being...

  • SANTIAGO/ LIMA, Dec 15- Peru's consumer regulator said on Tuesday it was considering sanctions over a possible price-fixing cartel between the two companies who dominate the local tissue market- subsidiaries of Kimberly-Clark Corp and CMPC. The case follows a similar one in Chile, where CMPC and a subsidiary of Swedish-owned SCA were found by antitrust...

  • *Likely to up pressure on Halliburton for concessions. BRUSSELS, Dec 11- Oilfield services provider Halliburton will meet EU antitrust regulators next week and is likely to be told about competition worries over its $35 billion bid for Baker Hughes, a person familiar with the matter said on Friday. The European Commission has been reviewing the proposed tie-up...