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Legislation Antitrust

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  • WASHINGTON, May 28- U.S. antitrust regulators have settled a long-running fight with Cephalon, now owned by Teva Pharmaceuticals, over how it resolved a patent infringement lawsuit tied to wakefulness drug Provigil, the Federal Trade Commission said on Thursday. As part of the settlement, Teva, which bought Cephalon in 2012, agreed to pay $1.2 billion to refund...

  • WASHINGTON, May 28- U.S. antitrust regulators have settled a long-running fight with Cephalon, now owned by Teva Pharmaceuticals, over how it resolved a patent infringement lawsuit tied to wakefulness drug Provigil, the Federal Trade Commission said on Thursday. As part of the settlement with regulators, Teva, which bought Cephalon in 2012, agreed to pay $1.2...

  • WASHINGTON, May 28- U.S. antitrust regulators have settled a long-running fight with Cephalon, now owned by Teva Pharmaceuticals, over how it resolved a patent infringement lawsuit over the sleep disorder drug Provigil, the Federal Trade Commission said on Thursday. Cephalon had been accused by the FTC of illegally protecting its monopoly on Provigil by...

  • NEW YORK, May 24- Amazon.com Inc has started booking revenue from retail sales in individual European countries, instead of channeling all sales through low-tax Luxembourg, the Wall Street Journal reported Sunday. European Union antitrust regulators opened an investigation into Amazon's tax-minimizing arrangements with Luxembourg in October.

  • The talks underscored Altice's intentions to pursue a deal with Time Warner Cable, which is also being courted by Charter Communications Inc after Comcast Corp abandoned its $45.2 billion offer for Time Warner Cable last month over U.S. antitrust concerns.

  • May 21- Camel cigarette brand owner Reynolds American Inc's planned acquisition of smaller rival Lorillard Inc is expected to receive U.S. antitrust clearance as soon as next week, the Wall Street Journal said. While Reynolds American and the U.S. Federal Trade Commission declined to comment, Lorillard was not immediately available. Reynolds, which will get...

  • NEW YORK, May 11- Citigroup Inc said it could plead guilty to an antitrust charge to resolve a U.S. Department of Justice investigation of its dealings in foreign exchange markets. Citigroup is one of six major banks that have been under investigation over the past year by global authorities, including the DOJ, for trying to manipulate rates in the $5- trillion-...

  • Citigroup says could plead guilty to settle FX probe Monday, 11 May 2015 | 9:34 AM ET

    NEW YORK, May 11- Citigroup Inc said it could plead guilty to an antitrust charge to resolve a U.S. Department of Justice investigation of its dealings in foreign exchange markets. In a regulatory filing on Monday, the company also said the Justice Department has advised it does not intend to prosecute the bank in a separate investigation of the setting of...

  • BRUSSELS, May 8- EU antitrust regulators are asking Qualcomm's rivals how the U.S. chipmaker's business practices and the way it licenses its products affect them, as part of an investigation begun seven months ago, a document seen by Reuters showed. Qualcomm has been feeling the regulatory heat in Europe, the United States, China, Japan and South Korea in recent...

  • HOUSTON/ NEW YORK May 7- SandRidge Energy Inc is the target of a federal grand jury probe concerning violations of antitrust law related to the leasing of oil and gas properties, the company said in a regulatory filing on Thursday. The Oklahoma City, Oklahoma- based company said the transactions subject to the government's inquiry date from 2012 and prior years,...

  • May 7- California's highest court has revived an antitrust class action accusing a drugmaker since acquired by Teva Pharmaceutical Industries Ltd of keeping a generic version of Bayer AG's antibiotic Cipro off the market in exchange for payment. The case, which began in 2000 in California state court, centers on a series of settlements in the late 1990 s under...

  • *Gazprom has 12 weeks to respond to EU charges. MOSCOW, May 7- Gazprom is considering offering Europe new concessions, including on pricing, to settle its antitrust case and avoid a long legal battle which could result in billions of dollars in fines for the Russian gas producer. The European Commission has accused Gazprom, which meets a third of EU gas needs and...

  • Orbitz Worldwide reports 1st-quarter loss Thursday, 7 May 2015 | 8:29 AM ET

    May 7- Orbitz Worldwide Inc on Thursday reported a quarterly loss, missing analysts' expectations of a profit. The online travel services company, which larger rival Expedia Inc plans to acquire pending approval by antitrust regulators, lost about $20.9 million in the first quarter, or 19 cents per diluted share, versus a year-earlier loss of about $5.9 million,...

  • BRUSSELS, May 6- EU regulators will investigate whether electronics and digital content companies illegally curb cross-border online sales, the EU's antitrust chief said on Wednesday, a move likely to affect both e-commerce giant Amazon and traditional retailers. The inquiry into the retail sector is part of a broader strategy by the European Commission to...

  • BRUSSELS, May 6- European Union antitrust regulators opened an investigation into cross-border e-commerce on Wednesday in a move aimed at removing borders to online sales as part of a broad strategy to overhaul the bloc's digital market. European Competition Commissioner Margrethe Vestager had announced her intention in March to open the sector inquiry. 1/...

  • BRUSSELS, May 5- EU regulators will miss a June deadline to decide whether tax deals granted by individual member states to companies including Apple and Starbucks are legal because they lack some data, the EU's antitrust chief said on Tuesday. The investigations launched last year centre on Luxembourg's tax rulings for carmaker Fiat Chrysler and online...

  • BRUSSELS, May 4- General Electric's CEO will meet the European antitrust chief on Tuesday, according to a person familiar with the matter, as the EU investigates the U.S. company's 12.4- billion-euro bid for an Alstom business. GE is seeking to convince the Commission to approve its proposal to buy French company Alstom's power equipment business, without...

  • JUDGE OVERSEEING GOVERNMENT'S ANTITRUST LAWSUIT AGAINST AMERICAN EXPRESS CO ISSUES INJUNCTION AGAINST STEERING CUSTOMERS.

  • *Applied Materials, Tokyo Electron announce buybacks. TOKYO, April 27- U.S. firm Applied Materials Inc on Monday scrapped its $10 billion planned takeover of chip-making gear rival Tokyo Electron Ltd after the deal, a rare foreign bid for a Japanese firm, ran afoul of U.S. anti-trust regulators. Tokyo Electron said both companies gave up on the deal after more than...

  • TOKYO, April 27- Applied Materials Inc and Tokyo Electron Ltd said on Monday they have given up plans to merge in a deal that would have been worth more than $10 billion, citing problems in getting approval from U.S. antitrust regulators. U.S.-based Applied Materials had agreed in September 2013 to buy Tokyo Electron in an all-stock deal combining the world's...