Legislation Antitrust

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  • 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...

  • *Likely to up pressure on Halliburton for concessions. BRUSSELS, Dec 11- Oilfield services provider Halliburton will meet with EU antitrust regulators next week where it is expected 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...

  • Faber Report: Norfolk rejects CP Tuesday, 8 Dec 2015 | 9:41 AM ET
    Faber Report: Norfolk rejects CP

    CNBC's David Faber provides insight to Canadian Pacific's new offer for Norfolk Southern.

  • BRUSSELS, Dec 8- European Union antitrust regulators charged Qualcomm on Tuesday with abusing its market power to thwart rivals, putting the world's number one mobile chipset maker at risk of a hefty fine. Qualcomm, which competes with rival MediaTek Inc, said the Taiwan Fair Trade Commission had also opened an investigation into its patent licensing deals.

  • FTC files lawsuit to block Staples-Office Depot merger

    The FTC filed a lawsuit to challenge the proposed merger between office supply leaders Staples and Office Depot.

  • *GE terminates agreement after regulatory objections. STOCKHOLM/ WASHINGTON, Dec 7- General Electric on Monday walked away from a $3.3 billion agreement to sell its appliances business to Sweden's Electrolux, terminating the deal after months of opposition from U.S. antitrust regulators. The U.S. Justice Department had filed a lawsuit in July asking a judge to...

  • *OPEC to continue pumping oil at current rates. Dec 4- U.S. stocks rallied on Friday, giving the S&P 500 its biggest gain since early September, as U.S. jobs data suggested the economy was strong enough to sustain a Federal Reserve rate hike this month. JPMorgan Chase rose 3.2 percent to $67.89 after European antitrust regulators dropped charges against the bank on...

  • *OPEC to continue pumping oil at current rates. The energy index dipped on news that OPEC countries failed to agree on oil production limits, allowing members to continue pumping oil at current rates into a market that is oversupplied. JPMorgan Chase rose 2.3 percent to $67.33 after European antitrust regulators dropped charges against the bank on blocking...

  • Dec 4- The antitrust division of the U.S. Department of Justice has subpoenaed Mylan N.V. for information relating to the marketing, pricing and sale of its generic doxycycline antibiotic products, the drugmaker said on Friday. The Department of Justice has sought information on any communication with competitors about the anti-bacterial products, the...

  • Mylan receives subpoena from Department of Justice Friday, 4 Dec 2015 | 8:28 AM ET

    Dec 4- Mylan N.V. said on Friday it had been subpoenaed by the antitrust division of the U.S. Department of Justice, seeking information related to the marketing, pricing and sale of its generic doxycycline products.

  • BRUSSELS, Dec 4- EU antitrust regulators have dropped charges against 13 banks including Citigroup and Deutsche Bank for blocking exchanges from derivatives markets, but will continue their case against data company Markit and trade body ISDA. "This closure does not prejudge the outcome of the Commission's investigation regarding Markit, and ISDA, which is...

  • Dec 3- Office supplies retailer Staples Inc is willing to sell more assets to win antitrust approval for its $6.3 billion takeover of Office Depot Inc, Bloomberg reported on Thursday, citing two people familiar with the matter. Under the deal announced in February, Staples had offered to divest about half of Office Depot's assets with revenues of up to $1.25...

  • Dec 3- GE said on Thursday it had signed a memorandum of understanding with Banque Federative du Credit Mutuel for the potential sale of its Equipment Finance and Receivable Finance businesses in France and Germany. The potential transaction, subject to approval by regulatory and anti-trust authorities, would represent an ending net investment of $7.5...

  • BRUSSELS, Dec 3- Anheuser-Busch InBev is looking to sell SABMiller's Grolsch and Peroni brands in what it said was a bid to address potential EU antitrust concerns over its planned acquisition of the world's second largest brewer. The sale of the brands and their related businesses in Italy, the Netherlands and Britain would be conditional on AB InBev...

  • BRUSSELS, Dec 2- EU antitrust regulators are likely to widen their crackdown on corporate tax dodging with an investigation into a deal between fast-food chain McDonald's and Luxembourg, two people with knowledge of the matter said on Wednesday. Action against McDonald's was urged in February by umbrella organizations for unions representing millions of...

  • The document, which is known as a civil investigative demand, indicates that the Justice department's antitrust division is probing whether Comcast's cable ad sales, as well as its deals to represent rival pay TV providers' ad sales, are hindering competition. The investigation is examining "monopolization or attempted monopolization" of the "spot" cable ad...

  • Nov 24- The U.S. Department of Justice is investigating whether cable company Comcast Corp is hindering competition in cable advertising sales, the Wall Street Journal reported, citing a document reviewed by the newspaper. The document, which is known as a civil investigative demand, indicates that the Justice department's antitrust division is probing...

  • Nov 23- Petco Holdings Inc agreed to be acquired by CVC Capital Partners Ltd and the Canada Pension Plan Investment Board in a $4.6 billion deal, after merger talks with market leader PetSmart Inc stalled last month due to antitrust concerns. Based in San Diego, California, Petco was founded as a mail-order company in 1965 and currently operates more than 1,400...