Legislation Antitrust

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  • SHANGHAI, May 7- China's price regulator plans to launch a "large-scale and systematic" anti-trust investigation soon into foreign and local drug firms, state newspaper China Daily said, citing a source close to the regulator. The planned probe comes after China's state planning agency, recently summoned U.S. pharmaceutical firm Pfizer, as well as a number of...

  • NEW YORK, May 3- Seven of the world's biggest banks have agreed to pay $324 million to settle a private U.S. lawsuit accusing them of rigging an interest rate benchmark used in the $553 trillion derivatives market. The settlement made public on Tuesday, which requires court approval, resolves antitrust claims against Bank of America Corp, Barclays Plc, Citigroup...

  • LOS ANGELES, May 3- Anti-trust concerns are preventing corporations from pursuing mergers more than other broad regulatory or economic issues, several senior investment bankers said during a panel on Tuesday at the Milken Institute's Global Conference. "It's that increasingly high bar that we're seeing from an anti-trust perspective," said Paul Stefanick,...

  • MEXICO CITY, May 2- Mexico's federal competition commission approved Aeromexico's $1.5 billion joint venture with Delta Airlines with certain conditions, Aeromexico said in a filing on Monday. One of Cofece's conditions is that eight pairs of slots in the Mexico City airport must be given up, Aeromexico said in a filing to Mexico's stock exchange.

  • No surprise Baker Hughes, Halliburton deal fell through: Buffett

    Berkshire Hathaway's Warren Buffett talks about Baker Hughes and Halliburton calling off their $28 billion merger.

  • Halliburton

    Halliburton and Baker Hughes announced the termination of their merger agreement in the face of regulatory opposition.

  • May 1- Oilfield services provider Halliburton Co and smaller rival Baker Hughes Inc announced the termination of their $28 billion merger deal on Sunday after opposition from U.S. and European antitrust regulators. The contract governing Halliburton's cash-and-stock acquisition of Baker Hughes, which was valued at $34.6 billion when it was announced in...

  • May 1- Oilfied services provider Halliburton Co and smaller rival Baker Hughes Inc announced the termination of their $28 billion merger deal on Sunday after opposition from U.S. and European antitrust regulators. The contract governing Halliburton's cash-and-stock acquisition of Baker Hughes, which was valued at $34.6 billion when it was announced in...

  • May 1- Halliburton Co and Baker Hughes Inc are expected to announce the termination of their merger agreement on Monday after it faced opposition from U.S. and European antitrust regulators, a person familiar with the matter said. The contract governing Halliburton's acquisition of Baker Hughes, which was valued at $35 billion when it was announced in...

  • *Google likely to face first EU sanction in 2016- sources. BRUSSELS, April 29- Google is likely to face its first European Union antitrust sanction this year, with little prospect of it settling a test case with the bloc's regulator over its shopping service, people familiar with the matter said. Such a change of heart appears unlikely, with European Competition...

  • *Google likely to face first EU sanction in 2016- sources. BRUSSELS, April 29- Google is likely to face its first European Union antitrust sanction this year, with little prospect of it settling a test case with the bloc's regulator over its shopping service, people familiar with the matter said. Such a change of heart appears unlikely, with European Competition...

  • Getty says Google promotes piracy

    The photo agency plans to file a complaint in Brussels, claiming the search engine unfairly undermines its business.

  • Businessman toasting

    Ball Corp. said it along with rival Rexam agreed to sell some assets to Luxembourg-based packaging maker Ardagh Group for about $3.42 billion.

  • The deal would include the sale of about a fifth of the companies' combined can making or producing plants across Europe, Brazil and the United States, Ball said in a statement on Monday. However, the deal earlier ran foul with European antitrust regulators as it would give the enlarged entity considerable market share in Europe, the United States and Brazil.

  • April 25- Drinks can maker Ball Corp said it along with British rival Rexam Plc agreed to sell some assets to Luxembourg- based packaging maker Ardagh Group for about $3.42 billion to meet antitrust regulations ahead of their planned merger. The deal would include the sale of 22 Ball and Rexam manufacturing plants across Europe, Brazil and the United States, the...

  • April 25- Drinks can maker Ball Corp said it along with British rival Rexam Plc agreed to sell some assets to Luxembourg- based Ardagh Group for about $3.42 billion to meet antitrust regulations ahead of their planned merger. The companies will sell some metal beverage can assets, support locations and functions in Europe, Brazil and the United States to Ardagh...

  • TOKYO, April 25- Toshiba Corp, in a hurry to raise cash before closing its books for the business year that ended at the end of last month, was able to structure the sale of its medical equipment business to Canon Inc in an unorthodox way so that it could book the 665.5 billion yen proceeds before the deal had been approved by regulators. Japan's anti-monopoly law...

  • BRUSSELS, April 20- The European Union charged Google on Wednesday with using its dominant Android mobile operating system to squeeze out rivals, opening a second front against the U.S. technology giant that could result in large fines. The European Commission said such practices, which started in 2011 when the company became dominant in mobile operating...

  • Kawasaki on GOOG: Other things to worry about in the EU

    Guy Kawasaki, Canva Chief Evangelist and former Apple Chief Evangelist, weighs in on the European Union charging Google over abuse of competition laws.

  • EU throws antitrust charges at Google

    The European Commission claims the tech giant violated competition rules by denying consumers of a wider choice of mobile apps and services.