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Legislation Antitrust

  • 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...

  • WASHINGTON, Jan 17- The U.S. Federal Trade Commission filed a lawsuit against Qualcomm Inc on Tuesday, accusing the company of using "anticompetitive" tactics to maintain its monopoly on a key semiconductor used in mobile phones. The FTC, which works with the Justice Department to enforce antitrust law, said that San Diego- based Qualcomm used its dominant...

  • WASHINGTON, Jan 17- The U.S. Federal Trade Commission filed a lawsuit against Qualcomm Inc on Tuesday, accusing the company of using "anticompetitive" tactics to maintain its monopoly on a key semiconductor used in mobile phones. The FTC, which works with the Justice Department to enforce antitrust law, said that San Diego- based Qualcomm used its dominant...

  • WASHINGTON, Jan 17- The U.S. Federal Trade Commission filed a lawsuit against Qualcomm Inc on Tuesday, accusing the company of antitrust violations in its patent licensing business. The FTC asked the U.S. District Court for the Northern District of California in San Jose to order Qualcomm to cease this and related practices. In February 2015, Qualcomm paid a $975...

  • SAN FRANCISCO, Jan 12- iPhone app purchasers may sue Apple Inc over allegations that the company monopolized the market for iPhone apps by not allowing users to purchase them outside the App Store, leading to higher prices, a U.S. appeals court ruled on Thursday. The 9th U.S. Circuit Court of Appeals ruling revives a long-simmering legal challenge originally...

  • BRUSSELS/ PARIS, Jan 10- European Union antitrust regulators approved the French government's plan to inject 4.5 billion euros into embattled nuclear group Areva, saying the rescue would not unduly distort competition. The European Commission's ruling will allow Areva, whose equity has been wiped out by years of losses, to restart as a smaller firm focused on...

  • *Commission approves 3.3 billion euros bridging loan. BRUSSELS/ PARIS, Jan 10- European Union antitrust regulators have approved the French government's plan to inject 4.5 billion euros into embattled nuclear group Areva, saying the rescue would not unduly distort competition. The Commission said the aid for 87 percent state-owned Areva was subject to...

  • BRUSSELS/ PARIS, Jan 10- European Union antitrust regulators approved on Tuesday French plans to grant a capital injection of 4.5 billion euros to nuclear group Areva and said Areva's restructuring plan would not unduly distort competition. The European Commission, which oversees competition policy in the European Union, said the state aid was subject to...

  • NEW YORK, Jan 5- A federal appeals court on Thursday rejected the U.S. government's request that it reconsider its decision allowing American Express Co to stop merchants from encouraging customers to use rival cards that charge lower fees. Without comment, the 2nd U.S. Circuit Court of Appeals let stand its Sept. 26 reversal of a lower court ruling that had struck...

  • *Euronext to buy LCH Clearnet SA for 510 mln euros. The European Commission has expressed antitrust concerns about the $28 billion merger and the impact on the clearing of derivatives contracts in particular. The Commission, in a document on the issue, has not made clear if the sale of the French clearing business, LCH Clearnet SA, would be enough to dispel its...