Legislation Antitrust

  • WASHINGTON, Aug 31- The U.S. Justice Department filed a lawsuit on Wednesday aimed at stopping Deere& Co from buying Monsanto Co's Precision Planting farm equipment business. Deere said in a statement that it would fight the lawsuit, saying that the Justice Department's antitrust concerns were "misguided." The Justice Department complaint asking the deal to be...

  • *Apple slips, Irish govt orders company to pay $14.5 bln in taxes. *Hershey plunges after Mondelez ends pursuit. NEW YORK, Aug 30- Apple Inc was the largest weight on U.S. stock indexes on Tuesday after antitrust regulators ordered the company to pay about $14.5 billion in back taxes to the Irish government, but gains in bank shares partly offset the decline.

  • NEW YORK, Aug 30- Apple Inc was the largest weight on U.S. stock indexes on Tuesday after antitrust regulators ordered the company to pay about $14.5 billion in back taxes to the Irish government, but gains in bank shares partly offset the decline.

  • *Apple slips after being asked to pay Irish government $14.5 bln. Aug 30- Apple dragged down U.S. stocks after EU antitrust regulators ordered the company to pay about $14.5 billion in back taxes to the Irish government, but a gain in financial stocks limited the impact. Federal Reserve and its path to interest rates after Fed Chair Janet Yellen said last week that...

  • *Apple biggest drag on all three indexes. Aug 30- U.S. stocks were lower in late morning trading on Tuesday as Apple dragged down technology stocks after EU antitrust regulators ordered the company to pay about $14.5 billion in back taxes to the Irish government. Federal Reserve and its path to interest rates after Fed Chair Janet Yellen said last week that the...

  • BRUSSELS, Aug 30- EU antitrust regulators ordered Apple on Tuesday to pay up to 13 billion euros in taxes plus interest to the Irish government after ruling that a special scheme to route profits through Ireland was illegal state aid. Apple, which with Ireland said it will appeal the decision, paid tax rates on European profits on sales of its iPhone and other...

  • BRUSSELS, Aug 30- EU antitrust regulators ordered Apple on Tuesday to pay up to 13 billion euros in taxes to the Irish government after ruling that a special scheme to route profits through Ireland was illegal state aid. The massive sum, some 40 times bigger than the previous known demand by the European Commission to a company in such a case, could be reduced, the EU...

  • Alere has received two U.S. Department of Justice subpoenas this year as part of two separate government investigations into its sales practices, and patient-billing records related to Medicare, Medicaid and Tricare. The company said on Friday it expects the redacted version of the complaint, filed in a Delaware chancery court against Abbott on Thursday, to...

  • Aug 22- Office Depot Inc, which scrapped its plan to merge with larger rival Staples Inc in May on antitrust concerns, said on Monday that Chief Executive Roland Smith would retire. The office supplies retailer said it expected to name a new CEO by the end of the first quarter of 2017.. The company also said it was consolidating its retail, contract, ecommerce and...

  • Antitrust experts said the companies, which announced they were in early-stage talks on Tuesday, would likely have to agree to divestitures to create the world's largest industrial gas company with a market value of more than $60 billion. Antitrust enforcers will want to look at submarkets, "said Seth Bloom, formerly of the U.S. Department of Justice's...

  • Great white shark, catching prey, big banks

    Walmart's $3.3 billion acquisition of Jet.com can be expected to sail through antitrust review, the New York Times reports.

  • SEOUL, Aug 12- South Korea's antitrust regulator said on Friday it is looking into whether Google has violated the country's anticompetition laws, acknowledging formal scrutiny of the global internet search company for the first time. The Korea Fair Trade Commission disclosed the investigation in a brief statement, without commenting on the nature of the...

  • SEOUL, Aug 12- South Korea's antitrust regulator said on Friday it is looking into whether Google has violated the country's anticompetition laws, marking the body's first acknowledgement of a formal scrutiny against the global internet search company. The Korea Fair Trade Commission did not comment on the nature of its investigation of Google in its...

  • NEW YORK, Aug 9- A U.S. appeals court on Tuesday upheld the dismissal of nationwide antitrust litigation accusing banks and commodity companies of conspiring to drive up aluminum prices by reducing supply, forcing them to overpay. By a 3-0 vote, the 2nd U.S. Circuit Court of Appeals in Manhattan said so-called commercial end users and consumer end users lacked...

  • Amazon Japan raided by antitrust regulators

    The Tokyo offices were searched by Japan's Fair Trade Commission on suspicion of antitrust practices.

  • Stocks to Watch: August 8, 2016

    Delta, Amazon and Tesla are making headlines this Monday morning before the opening bell.

  • Jeff Bezos, founder and CEO of Amazon.com during a press conference in Tokyo.

    Amazon Japan has been raided on suspicion of pressuring retailers to offer products on more favorable conditions than on rival sites.

  • Aug 3- Office Depot Inc, which scrapped a plan to merge with larger rival Staples Inc in May on antitrust concerns, said it would close about 300 more stores in the next three years to help cut annual costs by $250 million by the end of 2018.. The office supplies retailer's shares rose as much as 6 percent to $3.49 in late-morning trading. Conlumino analyst Carter...

  • *Initiates quarterly dividend of 2.5 cents/ share. Aug 3- Office Depot Inc, which scrapped a plan to merge with larger rival Staples Inc in May on antitrust concerns, said it would close about 300 more stores in the next three years to help cut annual costs by $250 million by the end of 2018.. Office Depot, which closed 400 U.S. stores by the end of the second quarter, said...

  • Aug 3- Office Depot Inc, which scrapped a plan to merge with larger rival Staples Inc in May on antitrust concerns, said it would close about 300 more stores in the next three years to help cut annual costs by $250 million by the end of 2018.. However, Office Depot said it had initiated a quarterly dividend of 2.5 cents per share and would increase its stock buyback plan...