Legislation Antitrust

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  • WASHINGTON, March 21- The fate of Staples Inc's planned merger with Office Depot Inc, which U.S. antitrust regulators have sued to stop, depends in part on whether a district court judge decides that Amazon.com Inc will soon become a behemoth in the office supply business. In opening arguments on Monday in the court fight between the Federal Trade Commission and...

  • March 21- Oilfield services provider Halliburton Co's plan to acquire smaller rival Baker Hughes faces more delay after European Union antitrust regulators halted their investigation into the $35 billion deal for the second time. The European Commission said the companies have yet to provide an important piece of information. Once the formal offer is...

  • BRUSSELS, March 18- Two out of three online content providers block consumers in another EU country from buying their products or services and could face investigation, European Union antitrust regulators said on Friday. The enquiry is part of the Commission's campaign to spur growth in e-commerce and help the bloc catch up with Asia and the United States.

  • SYDNEY, March 15- Australia's Asciano Ltd on Tuesday agreed to a A $9.1 billion buyout by two global consortia after a seven-month bidding war for the port and rail giant, although doubts persist over anti-trust and foreign ownership issues. In its third takeover endorsement in nine months, Australia's largest ports and rail operator said it now supported a...

  • WASHINGTON, March 9- U.S. antitrust enforcers are dealing with a "tsunami" of high-value, complicated mergers that have stretched their resources, the heads of the two U.S. competition regulators told lawmakers on Wednesday. Bill Baer, head of the Justice Department's Antitrust Division, and Edith Ramirez, chairwoman of the Federal Trade Commission, told a Senate...

  • BRUSSELS, March 9- Teva Pharmaceutical Industries is expected to win EU antitrust approval for its $40.5 billion bid for Allergan's generics unit after agreeing to sell off some of its products to appease regulators, three people familiar with the matter said on Wednesday. Teva, the world's biggest generic drugsmaker, will divest some drugs already on the...

  • BRUSSELS, March 9- EU antitrust regulators are set to clear Teva Pharmaceutical Industries' $40.5 billion bid for Allergan's generics unit after the Israeli company agreed to divest some drug products, three people familiar with the matter said on Wednesday. Teva, the world's biggest generic drugsmaker, will divest some products already on the market and...

  • NEW DELHI, March 9- India cut the royalties paid by local firms for Monsanto's genetically modified cotton seeds by nearly 70 percent on Wednesday, ignoring a threat by the world's biggest seed company to leave if it did. The move follows complaints from local seeds companies that Mahyco Monsanto Biotech, a Monsanto joint venture with India's Mahyco, was...

  • NEW DELHI, March 9- India cut the royalties paid by local firms for Monsanto's genetically modified cotton seeds by nearly 70 percent on Wednesday, ignoring a threat by the world's biggest seed company to leave if it did. The move follows complaints from local seeds companies that Mahyco Monsanto Biotech, a Monsanto joint venture with India's Mahyco, was...

  • BRUSSELS, March 8- European Union antitrust enforcers have resumed their investigation into U.S. oilfield services provider Halliburton Co's proposed takeover of Baker Hughes and will decide by July 11 whether to approve the $35 billion deal. The European Commission, which halted the investigation on Feb. 18, said it had received further information from...

  • *Deal will make Hutchison biggest UK mobile operator. BRUSSELS, March 7- CK Hutchison Holdings Ltd said it had "fruitful" talks with EU regulators at a hearing on Monday aimed at dispelling antitrust concerns over its plan to become the top UK mobile operator by buying Telefonica's O2 unit. The deal is crucial to Asia's richest man Li Ka- shing's plan to expand...

  • The court's decision not to hear the case leaves in place a June 2015 ruling by the New York- based 2nd U.S. Circuit Court of Appeals that favored the U.S. Department of Justice and found Apple liable for engaging in a conspiracy that violated federal antitrust laws. Apple, in its petition asking the high court to hear the case, said the June decision by the 2nd U.S....

  • BRUSSELS, March 7- Facebook is unlikely to come under separate EU antitrust scrutiny since Germany, which launched an investigation into the social network last week, is well placed to handle the case, Europe's antitrust chief said on Monday. The comments by European Competition Commissioner Margrethe Vestager came after the German competition office said...

  • WASHINGTON, March 4- The U.S. Justice Department has filed a motion to dismiss a criminal indictment against former Chesapeake Energy Corp Chief Executive Officer Aubrey McClendon, who died in a car crash on Wednesday, one day after he was charged with breaking antitrust laws. In the motion to dismiss on Thursday, the Justice Department said it would "best meet the...

  • SAN FRANCISCO, March 3- The U.S. Chamber of Commerce planned to sue the city of Seattle on Thursday to challenge an ordinance allowing drivers of ride hailing apps Uber and Lyft to unionize, saying it violates federal antitrust laws. Seattle last year became the first U.S. city to pass a law giving drivers for companies such as Uber and Lyft, as well as taxi and...

  • Investigating McClendon's accident

    CNBC's Scott Cohn reports on at the latest news in the investigation into the death of Aubrey McClendon.

  • March 3- General Electric Co said its proposed deal to sell its appliance business to China's Haier Group for $5.4 billion had received approval from U.S. anti-trust authorities. GE has received notice from the Department of Justice that it has completed its review of the proposed transaction, a GE spokeswoman told Reuters. GE abandoned the sale of the business...

  • The Russian state-controlled company is fighting accusations of overcharging customers and blocking rivals in eastern Europe, practices which the European Commission say breach the bloc's rules ensuring a level playing field. Both Gazprom and the European Commission have narrowed their differences on the issue and may soon find a solution, one of the...

  • The Russian state-controlled company is fighting accusations of overcharging customers and blocking rivals in eastern Europe, practices which the European Commission say breach the bloc's rules ensuring a level playing field. Both Gazprom and the European Commission have narrowed their differences on the issue and may soon find a solution, one of the...

  • March 1- Aubrey McClendon, former chief executive officer of Chesapeake Energy Corp, was charged on Tuesday with conspiring to rig bids to buy oil and natural gas leases in Oklahoma, the Justice Department said. "Chesapeake has been actively cooperating for some time with a criminal antitrust investigation by the Department of Justice regarding past land...