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Legislation Antitrust

  • HONG KONG, Feb 16- A Chinese consultancy that has previously helped to win antitrust battles against Coca-Cola and Apple has taken aim at McDonald's Corp, arguing in a complaint to regulators that the American fast food giant's China sale may hurt workers and consumers. McDonald's said last month it had agreed to sell the bulk of its China and Hong Kong business...

  • *Hejun Vanguard Group filed two complaints with MOFCOM. HONG KONG, Feb 16- A Chinese consultancy that has previously helped to win antitrust battles against Coca-Cola and Apple has taken aim at McDonald's Corp, arguing in a complaint to regulators that the American fast food giant's China sale may hurt workers and consumers. Beijing- based Hejun Vanguard Group, a...

  • Feb 15- Anthem Inc on Wednesday won a temporary restraining order that blocks smaller rival Cigna Corp from officially terminating their proposed $54 billion merger, a transaction already rejected by U.S. antitrust regulators. Judge Travis Laster of Delaware's Court of Chancery granted the temporary order, saying it would keep the deal together so Anthem...

  • JOHANNESBURG, Feb 15- South Africa's competition watchdog has recommended fines against banks including Citigroup, Nomura and Standard Bank equal to 10 percent of their annual revenues for rigging the rand currency, it said on Wednesday. The Commission, which investigates anti-trust practices, said it had referred the case for prosecution to the...

  • JOHANNESBURG, Feb 15- South Africa's competition watchdog has recommended fines against banks including Citigroup, Nomura and Standard Bank equal to 10 percent of their annual revenues for rigging the rand currency, it said on Wednesday. The Competition Commission said it had concluded an investigation into whether banks colluded by using an instant...

  • People walk past an office building of health insurer Anthem in Los Angeles.

    Anthem will appeal a federal court ruling rejecting its $54 billion merger with Cigna and asked for an expedited hearing to make its case.

  • People walk past an office building of health insurer Anthem in Los Angeles.

    The ruling marks another victory for anti-trust officials, who sued the companies in July last year to stop the deal.

  • LONDON, Feb 6- BT has become the first major telecoms company to back Google in a battle with EU regulators, defending the "stability and compatibility" of the Android operating system, which is in the sights of anti-trust regulators. The EU says Google stifles competition by forcing smartphone makers to pre-install its search function and browser to access its...

  • SAO PAULO, Feb 3- A Brazilian merger creating the world's largest for-profit education company could hamper competition and lead to higher costs for consumers, antitrust agency Cade said on Friday. The agency's preliminary finding was contained in a report by its economic studies department, which gauged the impact of the proposed takeover of Estácio...

  • DUBLIN, Jan 31- The European Commission needs to hold further talks with Gazprom before seeking feedback on concessions submitted by the Russian state gas exporter aimed at resolving a competition dispute, the EU's antitrust regulator said on Tuesday. Gazprom, Europe's largest gas supplier, said in December it had filed proposals with the Commission, seeking...

  • The U.S. Federal Trade Commission and Apple Inc have sued Qualcomm accusing it of resorting to "anticompetitive" tactics to maintain a monopoly over chips used in smartphone. Apple also filed a lawsuit against Qualcomm in Beijing on Wednesday, alleging that the chip supplier abused its clout and is seeking 1 billion yuan in damages. South Korea's antitrust...

  • Qualcomm also forecast current-quarter adjusted profit of $1.15- $1.25 per share and revenue of $5.5 billion- $6.3 billion. South Korea's antitrust regulator, The Korea Fair Trade Commission, fined Qualcomm 1.03 trillion won in December for what it called unfair business practices in patent licensing and modem chip sales. Qualcomm is a major supplier to both...

  • Net income attributable to the company more than halved to $682 million, or 46 cents per share, in the first quarter ended Dec. 25, from $1.50 billion, or 99 cents per share, a year earlier. The quarter included a $868 million charge related to the Korea Free Trade Commission investigation, the company said on Wednesday. South Korea's antitrust regulator, The Korea...

  • *Adjusted Q4 EPS of $0.51 vs est $0.42. Jan 24- Chemicals and seeds producer DuPont indicated on Tuesday that its $130- billion merger with Dow Chemical Co will take longer to wrap up than previously expected as the companies await regulatory approvals. This is the second time that the two companies, which are in talks with the European Union antitrust regulators,...

  • *Adjusted Q4 EPS of $0.51 v/s est $0.42. Jan 24- Chemicals and seeds producer DuPont indicated on Tuesday that its $130- billion merger with Dow Chemical Co will take longer to wrap up than previously expected as the companies await regulatory approvals. This is the second time that the two companies, which are in talks with the European Union antitrust...

  • BRUSSELS, Jan 24- U.S. online retailer Amazon has offered to alter its e-book contracts with publishers in a bid to end an EU antitrust probe and stave off a possible fine, the European Commission said on Tuesday. Amazon, the biggest e-book distributor in Europe, proposed to drop some clauses in its contracts so publishers will not be forced to give it terms as good as...

  • WASHINGTON, Jan 23- Endo International Plc said on Monday it has reached a proposed settlement with U.S. antitrust regulators under which it will not pay rivals to delay the introduction of generic competitors to its medications. The Federal Trade Commission had alleged Endo paid Impax Laboratories Inc to delay the introduction of a generic version of its...

  • Jan 23- A U.S. judge blocked on Monday health insurer Aetna Inc's proposed $34 billion acquisition of smaller peer Humana Inc, raising the stakes for rival Anthem Inc as it battles to close a $54 billion deal to buy Cigna Corp.. The ruling is another victory for the U.S. Justice Department, whose antitrust enforcement became much more aggressive during former U.S.

  • WASHINGTON, Jan 23- Endo International Plc said on Monday it had reached a proposed settlement with U.S. anti-trust regulators under which it will not pay rivals to delay the introduction of generic competitors to its medications. The Federal Trade Commission had alleged Endo paid Impax Laboratories Inc to delay the introduction of a generic version of its...

  • WASHINGTON, Jan 17- Danaher Corp co-founder Mitchell Rales agreed to pay $720,000 to settle allegations that he failed to report stock purchases to the government so that they could be vetted to determine if they violate antitrust law, antitrust enforcers said on Tuesday. The Federal Trade Commission also reached a settlement with hedge fund founder Ahmet...