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Legislation Antitrust

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  • BRUSSELS, June 29- Google Inc has been given until mid-August to head off EU charges of abusing its market power in a dozen EU countries and stave off a possible billion-euro fine. The European Commission in April accused Google of distorting search results to favour its shopping service, hurting both rivals and consumers. The EU enforcer said Google's...

  • BRUSSELS, June 27- General Electric will seek to convince doubtful EU antitrust regulators of the merits of its 12.4 billion euro bid for Alstom's power unit at a hearing, the U.S. conglomerate said on Saturday. The move came after the European Commission warned the company earlier this month that the deal, its biggest ever and a key element of its expansion into...

  • WASHINGTON, June 23- Sysco Corp's $3.5 billion merger with US Foods should be stopped for further review, a U.S. federal judge ruled on Tuesday, handing a major victory to the U.S. government, which had filed an antitrust lawsuit aimed at blocking the controversial merger. Sysco Chief Executive Officer Bill DeLaney said the company was "profoundly disappointed"...

  • BRUSSELS, June 23- Getty Images has become the latest company to take its grievances with Google to EU antitrust regulators as it accused the world's most popular Internet search engine of favouring its own images service at the expense of rivals. The complaint comes as the European Commission waits for Google to respond to charges of abusing its market power...

  • NEW YORK/ WASHINGTON, June 22- U.S. health insurer Anthem Inc on Monday dismissed concerns that buying smaller competitor Cigna Corp would be considered anti-competitive, even as antitrust experts said the combination would earn regulatory scrutiny. Besides the possible Anthem deal, Humana Inc is considering a sale, possibly to Cigna or Aetna Inc, a source...

  • NEW YORK/ WASHINGTON, June 22- U.S. health insurer Anthem Inc on Monday dismissed concerns that buying smaller competitor Cigna Corp would be considered anti-competitive, even as antitrust experts said the combination would earn regulatory scrutiny. Anthem, which runs Blue Cross Blue Shield plans in 14 states, disclosed on Saturday that it had offered to buy...

  • SWEDISH SEES NO SUBSTANTITIVE ANTI-TRUST ISSUES THAT WOULD PREVENT COMPLETING A CIGNA DEAL.

  • LONDON, June 22- GlaxoSmithKline has agreed to sell two meningitis vaccines to Pfizer to satisfy antitrust concerns after its recent acquisition of vaccines business of Novartis. The British drugmaker said on Monday that the total consideration for the sale of its Nimenrix and Mencevax products to Pfizer's Irish unit, including some deferred payments, was...

  • Cigna rejects Anthem's latest offer Monday, 22 Jun 2015 | 7:08 AM ET
    Cigna rejects Anthem's latest offer

    CNBC's Bertha Combs reports the details of Cigna's rebuff of Anthem's bid.

  • LONDON, June 18- European antitrust regulators have sent copies of their charges against Google to critics of the U.S. tech giant and given them a month to comment, one of the complainants said on Thursday. The move by the European Union competition watchdog may boost its case against the search engine, which it accuses of abusing its market power and cheating...

  • BRUSSELS, June 16- Microsoft, German publisher Axel Springer and 17 other critics of Google are expected to get a copy of the EU's antitrust charge sheet against the search engine giant this week in order to allow them to provide feedback, four people familiar with the matter said on Tuesday. The 19 companies, which include U.S. online travel site Expedia, U.S....

  • PARIS, June 15- Europe's anti-trust chief warned Amazon on Monday against using its dominance to thwart rivals, a week after launching an investigation into the U.S. online retailer's ebook deals with publishers. European Competition Commissioner Margrethe Vestager announced last week she would examine whether clauses in Amazon's contracts prevent...

  • BRUSSELS, June 11- The European Commission opened a formal antitrust investigation into Amazon's e-book business on Thursday, opening yet another front in mounting EU scrutiny of America's global tech giants. The investigation adds to the pressure on the online retailer in Europe, where it is already being investigated for the low tax rates it pays in...

  • June 10- Attorneys general in New York and Connecticut are investigating whether the deals that Apple Inc has struck with music companies for its new streaming service violate antitrust laws, the New York Times reported. The Times quoted, Matt Mittenthal, a spokesman for New York Attorney General Eric Schneiderman, as saying the state was looking into Apple's...

  • Apple Music faces antitrust scrutiny in NY, Connecticut Wednesday, 10 Jun 2015 | 12:54 AM ET

    June 10- The attorneys general of New York and Connecticut are investigating Apple Inc's negotiations with music companies to look for signs of potential antitrust violations. In a letter to the New York Attorney General, Universal Music Group said it had no agreements with Apple or music companies like Sony Music and Warner Music that would impede the...

  • PRETORIA, June 8- South Africa's competition watchdog could hand out some of its biggest fines ever after its investigation into suspected currency-rigging by global banks, it said on Monday. The Competition Commission has accused dealers at banks of colluding by using an instant messaging chat room called "ZAR Domination", to coordinate their trading...

  • Movie theaters under investigation Wednesday, 3 Jun 2015 | 9:00 AM ET
    Movie theaters under investigation

    AMC, Regal, and Cinemark Theaters are being probed by the Justice Department for possible antitrust violations.

  • Movie chain Cinemark in DOJ antitrust probe Wednesday, 3 Jun 2015 | 6:53 AM ET
    A CineMark movie theater

    Movie theater chain Cinemark said it had received formal inquiries from the U.S. Department of Justice related to an antitrust probe.

  • June 2- Movie theater chain Cinemark Holdings Inc said it had received formal inquiries from the U.S. Department of Justice related to an antitrust probe, a day after larger cinema operators Regal Entertainment Group and AMC Entertainment Holdings received similar notices. Houston- based Viva Cinema sued AMC Entertainment on April 20, saying AMC had coerced...

  • BRUSSELS, June 2- U.S. tech firm Disconnect has filed a complaint to EU antitrust regulators against Google's ban on its privacy app, accusing the Silicon Valley giant of abusing its dominant market position. Google was not willing to engage in a dialogue, "Disconnect Chief Executive Casey Oppenheim told Reuters on Tuesday. The European Commission, which opened a...