Legislation Antitrust

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  • June 28- Canadian chemical company Canexus Corp said Canada's antitrust regulator had approved its proposed buyout by rival Superior Plus Corp.. Alberta- based Canexus also said on Tuesday that it was in talks with Superior Plus to potentially extend the closure of the deal to allow the Toronto- based company to litigate the action by the U.S. Federal Trade...

  • June 28- Canadian chemical company Canexus Corp said Canada's antitrust regulator had approved its proposed buyout by rival Superior Plus Corp.. This comes a day after the U.S. antitrust regulator filed a complaint to block the deal, saying the companies were two of the three manufacturers of a chemical needed to whiten wood pulp for paper production.

  • BRUSSELS, June 28- World No.1 container liner Maersk, Swiss peer MSC and 13 other shipping firms are set to escape possible penalties as EU antitrust regulators plan to accept their offer to end a five-year probe, three people familiar with the matter said on Tuesday. The other 13 firms are No. 3 player CMA CGM, Germany's Hapag Lloyd and Hamburg Sud, Taiwan's...

  • WASHINGTON, June 27- U.S. antitrust regulators filed a complaint on Monday to block the proposed merger of Canadian chemical companies Superior Plus Corp and Canexus Corp.. The U.S. Federal Trade Commission said in a statement that the companies are among three major North American producers of sodium chlorate, a chemical used to whiten wood pulp for making...

  • WASHINGTON, June 27- U.S. antitrust regulators filed a complaint on Monday to block the proposed merger of Canadian chemical companies Superior Plus Corp and Canexus Corp.. Toronto- based Superior Plus Corp said in October that it would buy chemicals and handling company Canexus Corp, based in Alberta, as it looked to expand its specialty chemicals portfolio.

  • NEW YORK, June 23- California's insurance commissioner on Thursday urged national antitrust regulators to block health insurer Aetna Inc's proposed $34 billion acquisition of Humana Inc.. "We received approval earlier this week from the California Department of Managed Health Care, the only regulatory agency in the state with official oversight of our...

  • NEW YORK, June 23- California Insurance Commissioner Dave Jones on Thursday urged national antitrust regulators to block health insurer Aetna Inc's proposed $34 billion acquisition of Humana Inc.. Jones a week ago also called for the U.S. Justice Department to stand against Anthem Inc's proposed acquisition of Cigna Corp. He said that one of his concerns is...

  • NEW YORK, June 23- California Insurance Commissioner Dave Jones weighed in on Thursday against health insurer Aetna Inc.' s proposed $34 billion acquisition of Humana Inc., urging national antitrust regulators to block the deal.

  • PARIS, June 22- Vivendi Chairman Vincent Bollore urged French lawmakers on Wednesday to help him build a global media giant by easing anti-trust rules he said were shackling the industry. The billionaire, who took the helm of Vivendi in 2014, fended off accusations during a Senate committee hearing that he is jeopardizing the editorial independence of the...

  • Apple is funding some Amazon accounts with e-book credits as the result of a settlement of antitrust lawsuits.

  • NEW YORK, June 20- A federal judge said Uber Technologies Inc can be added as a defendant in an antitrust lawsuit against its chief executive officer over its pricing practices, an outcome the ride-sharing service wanted in its bid to force the case into arbitration. District Judge Jed Rakoff in Manhattan called Uber a "necessary party" to Connecticut passenger...

  • June 19- U.S. antitrust regulators are concerned about health insurer Anthem Inc's proposed acquisition of Cigna Corp and not sure the companies can offer enough concessions to maintain competition in the industry, the Wall Street Journal reported on Sunday. Both companies have scheduled meetings this week with top U.S. Department of Justice officials, the...

  • CHICAGO, June 14- The chairman of the U.S. Senate Judiciary Committee on Tuesday urged federal antitrust officials to conduct a "careful analysis" of Dow Chemical Co's proposed $130 billion merger with DuPont, adding pressure on officials to scrutinize how rapid consolidation in agriculture will affect farmers and consumers. Senator Charles Grassley called...

  • LONDON, June 10- Executives at a metals warehouse firm owned by commodities group Glencore allegedly ordered workers to falsify documents in New Orleans to manipulate the zinc market, according to a complaint filed by zinc purchasers in a U.S. On Monday, a U.S. judge in Manhattan allowed a private antitrust lawsuit to go forward against two units of Anglo-Swiss...

  • SAO PAULO, June 6- Brazil's antitrust watchdog Cade wants the nation's five biggest commercial banks to detail better their plan to set up a credit research company to gather information on borrowers' bill-paying history, on concern the deal could hamper competition. In January, state-controlled Banco do Brasil SA and Caixa Econômica Federal teamed up with...

  • June 2- The National Retail Federation asked the Federal Trade Commission to investigate an organization founded by credit card companies to set data security standards, saying the group's practices raise antitrust concerns. The Payment Card Industry Security Standards Council "fails to meet any of the principles adopted by the federal government for...

  • JOHANNESBURG, May 31- The world's largest brewer Anheuser-Busch InBev gained conditional approval on Tuesday for its $100 billion- plus acquisition of SABMiller from South African anti-trust regulators, bringing the deal closer to fruition. Jobs are a major issue in South Africa, where unemployment is over 25 percent and income disparities are glaring, and...

  • BEIJING/ SINGAPORE, May 31- Microsoft Corp chief executive Satya Nadella is in Beijing this week, a company spokesman said on Tuesday, as China's anti-trust investigation of the U.S. software titan nears its third year. His visit is the second over the past month to China by a high-profile U.S. technology executive after Apple Inc chief executive Tim Cook's...

  • The purchases of two distributors in California, two in Colorado and one in New York have since closed. There is a precedent, however, for the Justice Department to put limits on incentive programs. Investigators at the Justice Department have contacted beer distributors and craft brewers, asking about the incentive plan as well as AB InBev's other steps aimed...

  • NEW YORK, May 24- Anthem Inc Chief Executive Officer Joseph Swedish said on Tuesday the health insurer was pushing for approval from antitrust regulators reviewing its acquisition of Cigna Corp and expects to hear a decision in July. Swedish, speaking at the UBS Global Healthcare Conference, said Anthem has argued to regulators that the deal will save...