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Antitrust

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  • Google a 'monopoly' in Europe: Lawmaker     Thursday, 27 Nov 2014 | 2:30 AM ET

    Speaking ahead of a key vote on Google in the European Parliament, Spanish MEP Ramon Tremosa i Balcells, says the U.S. search giant has become a "monopoly" in Europe and is stifling the competition.

  • European firms caught in China's crosshairs     Tuesday, 25 Nov 2014 | 10:20 PM ET

    Jörg Wuttke, President of the European Union Chamber of Commerce in China, explains the concerns of European businesses regarding Chinese anti-trust probes.

  • BRUSSELS, Nov 25- The United States voiced concern on Tuesday over a draft plan by two EU lawmakers to break up Google Inc, saying politicians should not influence the EU's antitrust inquiry into the world's most popular Internet search engine. A spokeswoman for Guenther Oettinger, European commissioner for digital affairs, confirmed his opposition to...

  • BRUSSELS, Nov 25- The United States voiced concern on Tuesday over a draft plan by two EU lawmakers to break up Google Inc, saying politicians should not influence the EU's antitrust inquiry into the world's most popular Internet search engine. The European Commission has been investigating Google for four years following complaints by rivals and has yet to...

  • Nov 21- Sysco Corp, the biggest U.S. food distributor, is in advanced talks to sell some assets to a food company owned by Blackstone Group in order to win regulatory approval for its acquisition of US Foods Inc, the New York Post reported, citing sources. Once Sysco strikes a deal to divest some assets, the Federal Trade Commission is expected to clear the acquisition,...

  • Nov 20- Discount retailer Dollar Tree Inc said it was confident it would need to divest fewer stores than anticipated to win antitrust approval to buy Family Dollar Stores Inc.. Dollar Tree's shares rose as much as 7 percent to a record high of $67.08 on Thursday. Dollar Tree will become the largest U.S. dollar store chain if it pulls off the deal by fending off a...

  • WUZHEN, China Nov 20- Qualcomm Inc's opportunities in China will be far greater than its challenges, Premier Li Keqiang said Thursday as the U.S. mobile chipmaker prepares to face a possible record fine for antitrust violations in the country. Speaking at the World Internet Conference on Thursday with Qualcomm Executive Chairman Paul Jacobs, Li said he...

  • Did China just grant one-of-a-kind trade status? Wednesday, 19 Nov 2014 | 3:12 PM ET
    China's President Xi Jinping (R) shakes hands with South Korea's President Park Geun-hye during a meeting in Beijing, November 10, 2014.

    A new free trade agreement may give companies from South Korea a serious leg up—in China.

  • SAN FRANCISCO, Nov 19- Mobile chipmaker Qualcomm Inc on Wednesday gave a more conservative five-year outlook than in the past as it faces an antitrust probe in China and consumers there and in other developing countries buy lower-priced smartphones. China's expanding high-speed 4 G network is driving demand for smartphones with leading-edge technology,...

  • Qualcomm CEO more cautious on future revenue growth Wednesday, 19 Nov 2014 | 11:56 AM ET

    SAN FRANCISCO, Nov 19- Mobile chipmaker Qualcomm Inc gave a more conservative five-year outlook than in the past as it faces an antitrust probe in China and more consumers there and in other developing countries buy lower-priced smartphones. China's expanding high-speed 4 G network is driving demand for smartphones with leading-edge technology, but...

  • Family Dollar delays special shareholders meeting Wednesday, 19 Nov 2014 | 10:57 AM ET

    MATTHEWS, N.C.— Family Dollar is delaying a special meeting at which shareholders were to vote on its $8.5 billion acquisition by Dollar Tree as regulators determine how many stores might need to be divested for antitrust reasons. Dollar General said in a separate statement that is still committed to acquiring Family Dollar and that it is in talks with the FTC...

  • Dollar General may shut more than 4K stores: Report Wednesday, 19 Nov 2014 | 6:46 AM ET
    A shopper loads purchases into his vehicle outside a Dollar General Corp. store in Princeton, Illinois.

    Dollar General may need to divest more than 4,000 stores to win approval from the U.S. Federal Trade Commission for its acquisition of Family Dollar.

  • WASHINGTON, Nov 17- Halliburton Co will have a tough time convincing U.S. regulators to approve its $35 billion deal to buy smaller rival Baker Hughes Inc but could prevail with the right divestitures, antitrust experts said Monday. Halliburton and Baker Hughes, which have already reached out to the U.S. Department of Justice, will argue that the government...

  • WASHINGTON, Nov 17- The U.S. Supreme Court on Monday declined to hear Dean Foods Co's appeal over claims the business conspired to restrict competition for bottled milk in the southeastern United States, forcing the company to face an antitrust suit over the matter. The high court's refusal to intervene means a January ruling by the Cincinnati- based U.S. 6th...

  • Kurt Hallead, RBC Capital Markets, discusses the proposed $67 billion merger between oil behemoths Halliburton and Baker Hughes and the possible antitrust issues it's likely to run into as oil prices head lower.

  • HOUSTON/ NEW YORK Nov 13- Oilfield services provider Baker Hughes Inc said on Thursday it is in preliminary merger talks with its larger rival Halliburton Co, though any potential deal would likely face antitrust concerns. Two people familiar with the matter, who spoke on condition of anonymity, said Halliburton was looking to buy Baker Hughes, in what would be...

  • Nov 13- Oilfield services provider Halliburton Co is in talks to buy rival Baker Hughes Inc, a person familiar with the matter said on Thursday, but any potential deal could run into antitrust concerns. Officials at Baker Hughes and Halliburton, both based in Houston, declined to comment on the talks, which were first reported by Dow Jones and in The Wall Street...

  • SAN FRANCISCO, Nov 5- Qualcomm Inc warned on Wednesday that an antitrust investigation and problems collecting royalties could harm its business in China next year and it also disclosed new regulatory investigations in the United States and Europe. China's expanding high-speed 4 G network is driving demand for smartphones with leading-edge technology,...

  • WASHINGTON, Nov 4- The top two lawmakers on the U.S. Senate's antitrust panel have written to regulators expressing concerns about AT&T Inc's plans to buy DirecTV for $48.5 billion, including the impact on three regional sports networks. Senators Amy Klobuchar and Mike Lee, the chair and ranking member of the Senate Judiciary Committee's antitrust...

  • Nov 3- Food distributor Sysco Corp said it did not expect to complete its acquisition of US Foods Inc this year and it was still in talks with U.S. antitrust regulators to secure an approval for the deal. Shares of Sysco, which also reported better-than-expected quarterly sales and profit, fell 3 percent in early trading. Sysco said in December 2013 that it would buy...