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Antitrust

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  • SAO PAULO, July 2- Brazil antitrust watchdog Cade opened on Thursday an investigation over alleged currency rigging by a group of 15 global banks, the first of its kind in one of the world's busiest foreign exchange markets. In a statement, Cade said the banks colluded to influence benchmark currency rates in Brazil by aligning positions and pushing...

  • GE meets EU regulators over Alstom power unit deal Thursday, 2 Jul 2015 | 6:28 AM ET

    BRUSSELS, July 2- General Electric met EU antitrust regulators on Thursday, hoping they will take a softer line on its 12.4- billion-euro bid for Alstom's energy unit. It has said it would be willing to give up some intellectual property rights related to some of Alstom's assets but not anything that would affect lucrative service revenue streams.

  • July 1- U.S. Justice Department antitrust lawyers have opposed Electrolux AB's plan to buy General Electric Co's household appliance business, a source familiar with the investigation told Reuters. The deal would double Electrolux's U.S. sales, putting it on a par with larger rival Whirlpool Corp. "Electrolux and GE continue to work actively with the...

  • MADRID, July 1- Power group UIL Holdings said on Wednesday it would quickly address regulators' concerns after its $3 billion takeover by Spain's Iberdrola was rejected by a U.S. antitrust watchdog in a preliminary decision. Iberdrola agreed in February to buy UIL to gain presence in Connecticut, Massachusetts, Maine and New York as part of an expansion plan in...

  • MADRID, July 1- Power group UIL Holdings said on Wednesday it would quickly address regulators' concerns after its $3 billion takeover by Spain's Iberdrola was rejected by a U.S. antitrust watchdog in a preliminary decision. Iberdrola agreed in February to buy UIL, a company with presence in Connecticut, Massachusetts, Maine and New York, to expand in the United...

  • NEW YORK, June 30- A divided federal appeals court on Tuesday said Apple Inc orchestrated a conspiracy with five publishers to increase e-book prices, in a victory for the U.S. Justice Department. By a 2-1 vote, the 2nd U.S. Circuit Court of Appeals agreed with a lower court judge that the conspiracy violated federal antitrust law, and that the judge acted properly in...

  • NEW YORK— Apple violated antitrust laws by colluding with publishers to raise electronic book prices when it entered a market in 2010 that had been dominated by Amazon.com, a divided federal appeals court panel said Tuesday. A three-judge panel of the 2nd U.S. Circuit Court of Appeals in Manhattan ruled 2- to-1 that a lower-court judge correctly found Apple...

  • NEW YORK, June 30- A divided federal appeals court on Tuesday said Apple Inc orchestrated a conspiracy with five publishers to increase e-book prices. By a 2-1 vote, the 2nd U.S. Circuit Court of Appeals agreed with a lower court judge that the conspiracy violated federal antitrust law, and that the judge acted properly in imposing an injunction to prevent a...

  • BRUSSELS, June 29- Google Inc has been given until mid-August to head off EU charges of abusing its market power in a dozen EU countries and stave off a possible billion-euro fine. The European Commission in April accused Google of distorting search results to favour its shopping service, hurting both rivals and consumers. The EU enforcer said Google's...

  • BRUSSELS, June 27- General Electric will seek to convince doubtful EU antitrust regulators of the merits of its 12.4 billion euro bid for Alstom's power unit at a hearing, the U.S. conglomerate said on Saturday. The move came after the European Commission warned the company earlier this month that the deal, its biggest ever and a key element of its expansion into...

  • WASHINGTON, June 23- Sysco Corp's $3.5 billion merger with US Foods should be stopped for further review, a U.S. federal judge ruled on Tuesday, handing a major victory to the U.S. government, which had filed an antitrust lawsuit aimed at blocking the controversial merger. Sysco Chief Executive Officer Bill DeLaney said the company was "profoundly disappointed"...

  • BRUSSELS, June 23- Getty Images has become the latest company to take its grievances with Google to EU antitrust regulators as it accused the world's most popular Internet search engine of favouring its own images service at the expense of rivals. The complaint comes as the European Commission waits for Google to respond to charges of abusing its market power...

  • NEW YORK/ WASHINGTON, June 22- U.S. health insurer Anthem Inc on Monday dismissed concerns that buying smaller competitor Cigna Corp would be considered anti-competitive, even as antitrust experts said the combination would earn regulatory scrutiny. Besides the possible Anthem deal, Humana Inc is considering a sale, possibly to Cigna or Aetna Inc, a source...

  • NEW YORK/ WASHINGTON, June 22- U.S. health insurer Anthem Inc on Monday dismissed concerns that buying smaller competitor Cigna Corp would be considered anti-competitive, even as antitrust experts said the combination would earn regulatory scrutiny. Anthem, which runs Blue Cross Blue Shield plans in 14 states, disclosed on Saturday that it had offered to buy...

  • SWEDISH SEES NO SUBSTANTITIVE ANTI-TRUST ISSUES THAT WOULD PREVENT COMPLETING A CIGNA DEAL.

  • LONDON, June 22- GlaxoSmithKline has agreed to sell two meningitis vaccines to Pfizer to satisfy antitrust concerns after its recent acquisition of vaccines business of Novartis. The British drugmaker said on Monday that the total consideration for the sale of its Nimenrix and Mencevax products to Pfizer's Irish unit, including some deferred payments, was...

  • Cigna rejects Anthem's latest offer Monday, 22 Jun 2015 | 7:08 AM ET
    Cigna rejects Anthem's latest offer

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

  • LONDON, June 18- European antitrust regulators have sent copies of their charges against Google to critics of the U.S. tech giant and given them a month to comment, one of the complainants said on Thursday. The move by the European Union competition watchdog may boost its case against the search engine, which it accuses of abusing its market power and cheating...

  • BRUSSELS, June 16- Microsoft, German publisher Axel Springer and 17 other critics of Google are expected to get a copy of the EU's antitrust charge sheet against the search engine giant this week in order to allow them to provide feedback, four people familiar with the matter said on Tuesday. The 19 companies, which include U.S. online travel site Expedia, U.S....

  • PARIS, June 15- Europe's anti-trust chief warned Amazon on Monday against using its dominance to thwart rivals, a week after launching an investigation into the U.S. online retailer's ebook deals with publishers. European Competition Commissioner Margrethe Vestager announced last week she would examine whether clauses in Amazon's contracts prevent...