Legislation Antitrust

  • 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...

  • Aug 2- Aetna Inc said on Tuesday that it no longer planned to expand its Obamacare business next year and would sell some Medicare Advantage assets as it fights to gain antitrust regulators' approval for its takeover of Humana Inc. Gary Claxton, director of the Henry J. Kaiser Family Foundation's Health Care Marketplace Project, said the federal government was...

  • Aug 2- Aetna Inc said on Tuesday that it no longer planned to expand its Obamacare business next year and would sell some Medicare Advantage assets as it fights to gain antitrust regulators' approval for its takeover of Humana Inc. Aetna said its exchange-based plans for individuals had a pretax operating loss of $200 million in the second quarter, and it...

  • Aug 2- Aetna Inc said on Tuesday that it no longer planned to expand its Obamacare business next year, and the U.S. health insurer announced the sale of some Medicare Advantage assets as it fights to gain antitrust regulators' approval for its takeover of Humana Inc.. U.S. Department of Health and Human Services spokeswoman Marjorie Connolly said the exchanges...

  • BRUSSELS, Aug 1- EU antitrust regulators on Monday cleared Sony Corp's bid to buy out Michael Jackson's stake in its music publishing joint venture, the world's largest with copyrights to the Beatles' songs and songs by Taylor Swift. The European Commission said deal would not hurt competition in the recorded music and music publishing industries.

  • The company said on Thursday that it had realized $90 million of its full-year cost savings target of $300 million in the second quarter. The merger is being scrutinized by regulators in the United States and Europe, and the companies have offered concessions in a bid to allay EU antitrust concerns. "No discussion we have had with the European Commission takes us...

  • Oracle makes $109 per share bid for NetSuite

    Joel Fishbein, BTIG, discusses Oracle's expected $9.3 billion acquisition of NetSuite and whether there could be antitrust issues involved.

  • WASHINGTON, July 27- Teva Pharmaceutical Industries Ltd won U.S. antitrust approval to purchase Allergan Plc's generics business, after agreeing to divest 79 generic drugs to rival firms, the Federal Trade Commission said on Wednesday. "Millions of Americans rely daily on generic drugs to treat a wide range of illnesses," Debbie Feinstein, director of the FTC's...

  • *Lowers dollar impact on 2016 profit by 5 cents/ shr. *Q2 earnings/shr $1.24 vs estimate $1.10. DuPont and Dow have offered concessions in a bid to allay EU antitrust concerns about their proposed $130 billion merger, according to a filing on the European Commission's website.

  • BRUSSELS, July 26- EU antitrust regulators on Tuesday accepted Paramount Pictures' concessions to end anti-competitive movie-licensing deals with British pay-TV group Sky UK, but said the case against five other Hollywood studios would continue. The U.S. studio's offer came after the European Commission in July last year accused it of preventing viewers...