Legislation Antitrust

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  • BRUSSELS, Dec 8- European Union antitrust regulators charged Qualcomm on Tuesday with abusing its market power to thwart rivals, putting the world's number one mobile chipset maker at risk of a hefty fine. Qualcomm, which competes with rival MediaTek Inc, said the Taiwan Fair Trade Commission had also opened an investigation into its patent licensing deals.

  • FTC files lawsuit to block Staples-Office Depot merger

    The FTC filed a lawsuit to challenge the proposed merger between office supply leaders Staples and Office Depot.

  • *GE terminates agreement after regulatory objections. STOCKHOLM/ WASHINGTON, Dec 7- General Electric on Monday walked away from a $3.3 billion agreement to sell its appliances business to Sweden's Electrolux, terminating the deal after months of opposition from U.S. antitrust regulators. The U.S. Justice Department had filed a lawsuit in July asking a judge to...

  • *OPEC to continue pumping oil at current rates. Dec 4- U.S. stocks rallied on Friday, giving the S&P 500 its biggest gain since early September, as U.S. jobs data suggested the economy was strong enough to sustain a Federal Reserve rate hike this month. JPMorgan Chase rose 3.2 percent to $67.89 after European antitrust regulators dropped charges against the bank on...

  • *OPEC to continue pumping oil at current rates. The energy index dipped on news that OPEC countries failed to agree on oil production limits, allowing members to continue pumping oil at current rates into a market that is oversupplied. JPMorgan Chase rose 2.3 percent to $67.33 after European antitrust regulators dropped charges against the bank on blocking...

  • Dec 4- The antitrust division of the U.S. Department of Justice has subpoenaed Mylan N.V. for information relating to the marketing, pricing and sale of its generic doxycycline antibiotic products, the drugmaker said on Friday. The Department of Justice has sought information on any communication with competitors about the anti-bacterial products, the...

  • Dec 4- Mylan N.V. said on Friday it had been subpoenaed by the antitrust division of the U.S. Department of Justice, seeking information related to the marketing, pricing and sale of its generic doxycycline products.

  • BRUSSELS, Dec 4- EU antitrust regulators have dropped charges against 13 banks including Citigroup and Deutsche Bank for blocking exchanges from derivatives markets, but will continue their case against data company Markit and trade body ISDA. "This closure does not prejudge the outcome of the Commission's investigation regarding Markit, and ISDA, which is...

  • Dec 3- Office supplies retailer Staples Inc is willing to sell more assets to win antitrust approval for its $6.3 billion takeover of Office Depot Inc, Bloomberg reported on Thursday, citing two people familiar with the matter. Under the deal announced in February, Staples had offered to divest about half of Office Depot's assets with revenues of up to $1.25...

  • Dec 3- GE said on Thursday it had signed a memorandum of understanding with Banque Federative du Credit Mutuel for the potential sale of its Equipment Finance and Receivable Finance businesses in France and Germany. The potential transaction, subject to approval by regulatory and anti-trust authorities, would represent an ending net investment of $7.5...

  • BRUSSELS, Dec 3- Anheuser-Busch InBev is looking to sell SABMiller's Grolsch and Peroni brands in what it said was a bid to address potential EU antitrust concerns over its planned acquisition of the world's second largest brewer. The sale of the brands and their related businesses in Italy, the Netherlands and Britain would be conditional on AB InBev...

  • BRUSSELS, Dec 2- EU antitrust regulators are likely to widen their crackdown on corporate tax dodging with an investigation into a deal between fast-food chain McDonald's and Luxembourg, two people with knowledge of the matter said on Wednesday. Action against McDonald's was urged in February by umbrella organizations for unions representing millions of...

  • EU's tech watchdog

    Europe's top antitrust cop stopped by the NYSE and talked to CNBC's Sara Eisen about some of her more high profile investigations.

  • Is Google liable for antitrust violations?

    Victor Anthony, managing director and senior Internet media analyst at Axiom Capital Management, discusses the alleged antitrust claims that Google faces in the European Union and India.

  • Cigna CEO: Anthem merger brings choices

    David Cordani, Cigna Corp. president & CEO, discusses antitrust questions that have surfaced around its pending deal with Anthem. And Cordani weighs in on drug affordability and containing prices.

  • Cigna rejects Anthem's latest offer

    CNBC's Bertha Combs reports the details of Cigna's rebuff of Anthem's bid.

  • Movie theaters under investigation

    AMC, Regal, and Cinemark Theaters are being probed by the Justice Department for possible antitrust violations.

  • A CineMark movie theater

    Movie theater chain Cinemark said it had received formal inquiries from the U.S. Department of Justice related to an antitrust probe.

  • Google Berlin, Germany

    EU regulators decided Tuesday that they would file charges against Google stemming from an antitrust investigation, according to reports.

  • A Dollar Tree store in Miami

    Dollar Tree said the Federal Trade Commission wants about 340 stores to be divested for the $8.5 billion takeover of Family Dollar to go through.