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Legislation Antitrust

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  • BRUSSELS, Aug 25- European Union antitrust authorities are investigating possible anti-competitive practices in precious metals trading as they joined other regulators in a crackdown on possible rigging of the markets. The EEA refers to the 28- country European Union, plus Iceland, Liechtenstein and Norway. "In April 2015, the European Commission issued a...

  • Aug 24- Third Point LLC, the hedge fund firm run by activist investor Daniel Loeb, has settled U.S. regulatory charges that it failed to properly seek antitrust clearance while it built a big stake in Yahoo Inc in 2011.. The settlement, announced on Monday by the U.S. Department of Justice and Federal Trade Commission, resolves claims that Third Point took five weeks...

  • Nelson Peltz will join board of food distributor Sysco Thursday, 20 Aug 2015 | 5:30 PM ET

    NEW YORK— Activist investor Nelson Peltz's Trian Fund is getting two Sysco board seats after becoming the food distributor's largest shareholder. In June Sysco gave up on a $3.5 billion deal to buy competitor U.S. Foods because antitrust regulators opposed it. PepsiCo, for example, rejected Peltz' push to separate its drinks and snack units.

  • SAO PAULO, Aug 19- Brazilian engineering company Camargo Correa has agreed to pay fines of more than 104 million reais and admit to participating in a cartel that fixed prices on contracts with state-run oil producer Petrobras, antitrust regulator Cade said on Wednesday. Camargo Correa was the first of Brazil's construction companies whose top executives...

  • BRUSSELS, Aug 14- General Electric is expected to secure approval from European Union antitrust regulators for its proposed 12.4 billion euro deal to buy French peer Alstom's power business, two people familiar with the matter said on Friday. The green light from the European Commission will come 14 years after it rejected General Electric's attempt at a $42...

  • BRUSSELS, Aug 13- Google Inc, the world's most popular Internet search engine, has been given an extra two weeks to counter European Union charges of abusing its market power in a dozen EU countries and stave off a possible billion-euro fine. The European Commission has extended the deadline for replying to the charges to Aug. 31 from July 17, a Google spokesman said...

  • NEW YORK, Aug 6- U.S. hospitals urged antitrust regulators this week to consider whether health insurer Anthem Inc's planned acquisition of rival Cigna Corp would boost healthcare costs. In many of those markets, the American Hospital Association said, there are no strong competitors to buy assets that Anthem or Cigna might want to sell to pass muster with...

  • NEW YORK, Aug 6- U.S. hospitals urged antitrust regulators this week to consider whether health insurer Anthem Inc's planned acquisition of rival Cigna Corp would boost healthcare costs. In many of those markets, the American Hospital Association said, there are no strong competitors to buy assets that Anthem or Cigna might want to sell to pass muster with...

  • Aug 6- Springleaf Holdings Inc said its deal to buy subprime lender OneMain Financial Holdings from Citigroup Inc could be delayed beyond the third quarter over potential antitrust concerns. Springleaf agreed in March to buy OneMain for $4.25 billion in cash, creating the largest subprime lender in the United States with $15 billion in assets.

  • Aug 6- Springleaf Holdings Inc said its deal to buy Citigroup Inc's subprime lender OneMain Financial Holdings could be delayed beyond the third quarter over potential antitrust concerns. Talks with the U.S. Department of Justice and certain state attorneys general are expected to be constructive, the company said on Thursday when it reported second...

  • *Medicaid memberships rise 10.8 pct. Last month, Anthem Inc said it would buy Cigna Corp and Aetna Inc announced the acquisition of Humana Inc.. The deals could present acquisition opportunities for WellCare and rival Centene Corp as Anthem and Aetna might have to sell some Medicare Advantage plans to satisfy antitrust regulators.

  • NEW YORK, Aug 4- A federal appeals court has revived litigation against Visa Inc, Mastercard Inc and several U.S. banks accusing them of conspiring to inflate the prices of ATM access fees in violation of antitrust law. Their lawsuits accused Visa and MasterCard of adopting rules protecting themselves from competition with lower-cost ATM network.

  • NEW YORK, Aug 4- Aetna Inc Chief Executive Mark Bertolini said on Tuesday the company is talking to federal and state officials on its $37 billion acquisition of Humana Inc and that there is enough insurance competition for it to receive approval. If Aetna or Humana need to divest in a market because of the competitive dynamics, "there will be plenty of competitors...

  • BRASILIA, July 31- Brazil's antitrust regulator CADE and federal prosecutors signed a leniency deal on Friday with engineering company Camargo Correa aimed at obtaining evidence of alleged price-fixing of contracts to build a nuclear power plant. Camargo Correa was the first of Brazil's construction firms to have its top executives convicted of...

  • Cigna CEO: Anthem merger brings choices Thursday, 30 Jul 2015 | 9:15 AM ET
    Cigna CEO: Anthem merger brings choices

    David Cordani, Cigna Corp. president & CEO, discusses antitrust questions that have surfaced around its pending deal with Anthem. And Cordani weighs in on drug affordability and containing prices.

  • PARIS, July 27- Alstom is to accept 300 million euros less than previously agreed for its power turbines unit from General Electric as a contribution to the U.S.-based buyer's efforts to win antitrust clearance in Europe. The last-minute 2.4 percent discount to the previously agreed 12.35 billion euro deal is the latest in a series of knocks Alstom...

  • Alstom to take 300 mln eur hit to help GE sale through Monday, 27 Jul 2015 | 12:22 PM ET

    PARIS, July 27- Alstom is to accept a 300 million euro reduction in the price it will get for selling its power turbines unit to General Electric as a contribution to the U.S. firm's efforts to get antitrust clearance in Europe. "In order to support General Electric in its offering of a comprehensive set of remedies addressing the concern of the Commission, Alstom's...

  • UPDATE 1-AT&T profit beats Street on customer additions Thursday, 23 Jul 2015 | 4:40 PM ET

    The company, which in May last year offered to buy DirecTV for $48.5 billion to create the largest U.S. pay TV company, is close to wrapping up its deal as U.S. telecom and antitrust regulators signaled a green light for the merger. Last month, the company had extended the "termination date" of the merger agreement with DirecTV for "a short period of time," the second time...

  • Brazil regulator approves Delta Air Lines, Gol deal Thursday, 23 Jul 2015 | 8:09 AM ET

    SAO PAULO, July 23- Brazil's antitrust watchdog Cade approved with no restrictions a $446 million agreement between U.S. carrier Delta Air Lines Inc and Brazil's Gol Linhas Aereas Inteligentes SA to expand their alliance. Under the deal announced earlier this month, Delta will increase its share in Gol to about 10 percent from its current 3 percent as the...

  • WASHINGTON, July 21- AT&T Inc is close to wrapping up its deal to buy DirecTV as U.S. telecom and antitrust regulators signaled a green light for the $48.5 billion merger that would create the country's largest pay-TV company. AT&T and the FCC have spent recent weeks negotiating the conditions of the deal that combines the No. 2 wireless carrier with the largest...