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Legislation Antitrust

  • BRUSSELS, Nov 15- EU antitrust regulators are set to fine Europe's biggest bank HSBC, JPMorgan and Credit Agricole by the end of the year for rigging financial benchmarks linked to the euro, two people familiar with the matter said on Tuesday. The European Commission could penalise HSBC, JPMorgan and Credit Agricole next month, the people said.

  • BRUSSELS, Nov 15- EU antitrust regulators are set to clear German container shipping line Hapag-Lloyd's merger with United Arab Shipping Company after the latter agreed to withdraw from some vessel sharing agreements, two people familiar with the matter said on Tuesday. The combined company, valued at about 7 to 8 billion euros, would be the world's fifth...

  • Mylan EpiPen

    A U.S. Senate committee urged regulators to launch a probe into whether EpiPen maker Mylan broke the law by preventing schools from purchasing competing allergy treatments.

  • WASHINGTON, Nov 7- Valeant Pharmaceuticals, which owns eye care products maker Bausch& Lomb, has agreed to sell Paragon Holdings to settle allegations that its acquisition of the smaller company was illegal under antitrust law, the Federal Trade Commission said on Monday. Laval, Quebec- based Valeant has seen its stock price plunge since mid-2015 amid criticism...

  • WASHINGTON, Nov 7- The U.S. Senate Judiciary Committee urged federal antitrust regulators on Monday to launch a probe into whether EpiPen maker Mylan NV broke the law by preventing schools from purchasing competing allergy treatments. The bipartisan request to the Federal Trade Commission by Senate Judiciary Chairman Charles Grassley and Ranking Member...

  • The bipartisan request to the Federal Trade Commission by Senate Judiciary Chairman Charles Grassley and Ranking Member Patrick Leahy comes just a few weeks before the committee is slated to convene a hearing to scrutinize a pending $465 million settlement that Mylan has said will resolve claims it underpaid rebates to state and federal Medicaid...

  • WASHINGTON, Nov 7- Valeant Pharmaceuticals, which owns Bausch& Lomb, has agreed to sell Paragon Holdings to settle allegations that its acquisition of the smaller company was illegal under antitrust law, the Federal Trade Commission said on Monday. The business will be sold to a new company, Paragon Companies LLC, headed by Paragon's former president.

  • LONDON, Nov 4- European shares slumped on Friday, weighed down by weaker drugmakers after two U.S. lawmakers called on federal antitrust regulators to open an investigation into possible price fixing. Top faller was Hikma, down 6.8 percent after HSBC cut its price target citing broader market concerns over a separate U.S. Department of Justice investigation...

  • WASHINGTON, Nov 4- The U.S. Transportation Department said on Friday it has tentatively granted antitrust immunity for a planned alliance between Delta Air Lines Inc and Grupo Aeromexico SAB de CV, and proposed that the carriers divest some flight slots in New York and Mexico City. The airlines plan to operate a joint venture between the United States and Mexico.

  • WASHINGTON, Nov 4- The U.S. Transportation Department said Friday it has tentatively granted antitrust immunity for a proposed alliance between Delta Air Lines Inc and Grupo Aeromexico SAB de CV, requiring the carriers to divest some slots in New York and Mexico City. The airlines plan to operate a joint venture between the U.S. and Mexico. The U.S. Transportation...

  • TRANSPORTATION DEPT TENTATIVELY GRANTS APPROVAL FOR ANTITRUST IMMUNITY FOR PROPOSED ALLIANCE BETWEEN DELTA AIR LINES AND AEROMEXICO- RELEASE.

  • MILAN, Nov 4 (Reuters)- European shares fell on Friday, weighed down by weaker drugmakers after two U.S. lawmakers called on federal antitrust regulators to open a probe for possible price fixing. Top faller was Hikma, down 7 percent after HSBC cut its price target citing broader market concerns over a separate U.S. Department of Justice investigation into price...

  • BRUSSELS, Nov 3- Google on Thursday formally rejected European Union antitrust charges of unfairly promoting its shopping service and blocking rivals in online search advertising, paving the way for EU regulators to rule next year on these issues and potentially impose hefty fines. The U.S. technology giant's rebuttal in the shopping case came six years...

  • BRUSSELS, Nov 3- Google on Thursday formally rejected European Union antitrust charges of unfairly promoting its shopping service and blocking rivals in online search advertising, paving the way for EU regulators to rule next year on these issues and potentially impose hefty fines. The U.S. technology giant's rebuttal in the shopping case came six years...

  • BRUSSELS, Oct 28- The European Union has lifted a cap on Gazprom's use of the Opal pipeline in Germany which takes gas from its Nord Stream Baltic Sea pipeline to end-users in Germany and the Czech Republic, opening the way for Russia to expand Nord Stream's capacity and bypass Ukraine as a gas transit route. Together with a separate move to settle an antitrust case...

  • ROME, Oct 28- Italy's antitrust watchdog said on Friday it had opened a probe into whether messaging service WhatsApp obliged users to agree to sharing personal data with its parent company Facebook and imposed "unfair" conditions on users. WhatsApp said in August it would start sharing phone numbers with the social network, prompting European regulators to...

  • Sen. Richard Blumenthal, D-Conn.

    The AT&T-Time Warner merger raises questions of whether a deal this big will benefit consumers, Sen. Richard Blumenthal said.

  • *Sales up 3.7 pct to $12.48 bln vs est $11.96 bln. *Adjusted EPS profit $0.91 vs est. The $130 billion Dow-DuPont merger is being probed by regulators around the world, with EU antitrust officials expected to decide by Feb. 6 whether to approve it.

  • Sen. Blumenthal: Magnitude of ATT-TWX deal 'very different'

    Discussing the regulatory hurdles for the AT&T-Time Warner merger with Sen. Richard Blumenthal (D-Conn.), former Connecticut Attorney General.

  • BRUSSELS Oct 26- Gazprom is finalising a deal with European Union regulators to end a five-year antitrust case and avoid fines, signaling a thaw in business relations between Moscow and Brussels despite tensions over Ukraine and Syria. The Russian state gas exporter, which supplies a third of the EU's gas, has been on the European Commission's radar since 2012,...