Legislation Antitrust

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  • EU's Vestager: Aims are the same for US, EU tax systems

    EU Commissioner, Margrethe Vestager, talks about international taxation rules as well as the commission's investigations into Google's parent, Alphabet.

  • Faber Report: Lawsuit watch

    CNBC's David Faber looks at the Staples/Office Depot antitrust case, the Williams lawsuit against ETE and ETP CEO Kelcy Warren, and whether the Halliburton/Baker Hughes deal will go to court.

  • NEW YORK/ LONDON April 7- If 2015 was a dream year for Wall Street's top dealmakers, 2016 is starting to take a nightmarish turn. Some of the mega transactions that had champagne corks popping in boardrooms are running into antitrust problems and, in the case of pharmaceutical firm Pfizer Inc's $160 billion takeover of rival Allergan PLC, political opposition to a...

  • BRUSSELS, April 6- Thwarted in its bid to acquire Dutch peer TNT three years ago, U.S. package delivery company UPS took its case to court on Wednesday, asking judges to overturn the EU veto because of "manifest errors" made by antitrust regulators. But the takeover was blocked by the European Commission because it said UPS had not offered sufficient concessions to...

  • BRUSSELS, April 4- A two-year investigation into whether Apple's tax deal with Irish authorities gave the iPhone maker an unfair advantage will take a lot longer because of the large amount of data involved, the EU antitrust chief said on Monday. The European Commission accused Ireland in 2014 of dodging international tax rules by letting Apple shelter...

  • JOHANNESBURG, April 4- South Africa's competition watchdog said it will request an extension to Tuesday's deadline to complete an investigation of Anheuser-Busch InBev's planned $106 billion takeover of SABMiller. "This transaction raises certain concerns which should be considered and addressed," said Competition Commission spokesman Itumeleng...

  • ALASKA AIR EXPECTS TO RECEIVE REGULATORY APPROVAL BY 3 RD OR 4 TH QTR 2016 AS MINIMAL ROUTE OVERLAP WITH VIRGIN AMERICA MEANS FEW ANTITRUST CONCERNS- COO.

  • "China is still fundamentally looking at this as though it is an IP taker rather than an IP creator," said Lester Ross, a partner at law firm Wilmer Hale's Beijing office. China's antitrust policies are worrying its trading partners, including the United States, which issued a joint statement with China during President Xi Jinping's state visit to Washington last...

  • March 31- The U.S. Federal Trade Commission said on Thursday it had filed a lawsuit accusing Endo International Plc of violating antitrust laws by striking "pay-for-delay" deals to block access to generic copies of its pain drugs. The FTC's complaint, filed in the Eastern District court of Pennsylvania, alleges that Endo paid the first companies that sought...

  • March 31- The U.S. Federal Trade Commission said it filed a complaint in a district court accusing Endo International Plc of violating antitrust laws by striking "pay-for-delay" deals to block access to generic copies of its drugs. The FTC's complaint alleges that Endo paid the first generic companies that filed for FDA approval- Impax Laboratories Inc and...

  • March 30- Pfizer Inc and Allergan Plc said they have received a request for additional information from the U.S. Federal Trade Commission with respect to their merger. The FTC's request for information extends the waiting period required under antitrust rules to 30 days, after the companies have provided the information. The companies said the request was...

  • Judge criticises FTC in SPLS/ODP merger

    Julie Brill, FTC Commissioner, and Steve Odland, CNBC Contributor and former Office Depot CEO, discuss the FTC's opposition of the proposed merger between Staples and Office Depot on antitrust allegations.

  • WASHINGTON, March 21- The fate of Staples Inc's planned merger with Office Depot Inc, which U.S. antitrust regulators have sued to stop, depends in part on whether a district court judge decides that Amazon.com Inc will soon become a behemoth in the office supply business. In opening arguments on Monday in the court fight between the Federal Trade Commission and...

  • March 21- Oilfield services provider Halliburton Co's plan to acquire smaller rival Baker Hughes faces more delay after European Union antitrust regulators halted their investigation into the $35 billion deal for the second time. The European Commission said the companies have yet to provide an important piece of information. Once the formal offer is...

  • BRUSSELS, March 18- Two out of three online content providers block consumers in another EU country from buying their products or services and could face investigation, European Union antitrust regulators said on Friday. The enquiry is part of the Commission's campaign to spur growth in e-commerce and help the bloc catch up with Asia and the United States.

  • SYDNEY, March 15- Australia's Asciano Ltd on Tuesday agreed to a A $9.1 billion buyout by two global consortia after a seven-month bidding war for the port and rail giant, although doubts persist over anti-trust and foreign ownership issues. In its third takeover endorsement in nine months, Australia's largest ports and rail operator said it now supported a...

  • WASHINGTON, March 9- U.S. antitrust enforcers are dealing with a "tsunami" of high-value, complicated mergers that have stretched their resources, the heads of the two U.S. competition regulators told lawmakers on Wednesday. Bill Baer, head of the Justice Department's Antitrust Division, and Edith Ramirez, chairwoman of the Federal Trade Commission, told a Senate...

  • BRUSSELS, March 9- Teva Pharmaceutical Industries is expected to win EU antitrust approval for its $40.5 billion bid for Allergan's generics unit after agreeing to sell off some of its products to appease regulators, three people familiar with the matter said on Wednesday. Teva, the world's biggest generic drugsmaker, will divest some drugs already on the...

  • BRUSSELS, March 9- EU antitrust regulators are set to clear Teva Pharmaceutical Industries' $40.5 billion bid for Allergan's generics unit after the Israeli company agreed to divest some drug products, three people familiar with the matter said on Wednesday. Teva, the world's biggest generic drugsmaker, will divest some products already on the market and...

  • NEW DELHI, March 9- India cut the royalties paid by local firms for Monsanto's genetically modified cotton seeds by nearly 70 percent on Wednesday, ignoring a threat by the world's biggest seed company to leave if it did. The move follows complaints from local seeds companies that Mahyco Monsanto Biotech, a Monsanto joint venture with India's Mahyco, was...