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Antitrust

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  • Jan 13- Pet supply retailer PetSmart Inc disclosed on Tuesday it was in talks to acquire or merge with a privately held rival, but ended talks over competition and antitrust concerns. PetSmart succumbed to calls from Jana Partners LLC and other large shareholders for a sale last month by agreeing to be bought by a private equity consortium led by BC Partners Ltd...

  • LCD firm to pay Washington $13M to resolve price claim Tuesday, 13 Jan 2015 | 3:06 PM ET

    SEATTLE— A company that manufactures LCD panels has agreed to pay the state of Washington $13 million to resolve claims it participated in a price-fixing scheme. LG Display will pay the amount to resolve claims that it violated Washington antitrust laws in the manufacture of LCD panels used in televisions, cellphones and computer monitors, Attorney General...

  • The suit seeks to block the sale of Verso Paper Corp.' s mill in Bucksport, which shut down production this month, to AIM Development. The federal Department of Justice required Verso to sell off its Rumford mill because of antitrust concerns. Verso announced a deal to sell the 700- employee Rumford mill to Canada- based Catalyst Paper Corp. in October.

  • WASHINGTON, Jan 12- The U.S. Supreme Court on Monday wrestled with the question of whether a federal law governing the natural gas market would allow energy companies to evade state antitrust claims made over the western U.S. energy crisis between 2000 and 2002.. Several energy companies, including American Electric Power Company Inc, Dynegy Inc and ONEOK Inc,...

  • WASHINGTON, Jan 9- Some 20 state attorneys general have joined the federal antitrust investigation of competing bids by Dollar General Corp and Dollar Tree Inc to buy Family Dollar Stores Inc, a development that potentially complicates the companies' efforts to win U.S. approval for a deal. Family Dollar, the No. 2 U.S. discount retailer, had previously disclosed...

  • WASHINGTON, Jan 9- Some 20 state attorneys general have joined the federal antitrust investigation of competing bids by Dollar General Corp and Dollar Tree Inc to buy Family Dollar Stores Inc, a development that potentially complicates the companies' efforts to win U.S. approval for a deal. Family Dollar had previously disclosed that state attorneys general...

  • US Airways had sought under federal antitrust law to recoup three times the $317 million to $482 million it claimed to lose in overcharges and profit from Sabre's alleged illegal conduct over nearly seven years, from April 21, 2007 to March 31, 2014. District Judge Lorna Schofield in Manhattan said US Airways, now part of American Airlines Group Inc, may pursue...

  • US Airways had sought under federal antitrust law to recoup three times the $317 million to $482 million it claimed to have lost in overcharges and profit from Saber's alleged illegal conduct over nearly seven years, from April 21, 2007 to March 31, 2014. District Judge Lorna Schofield in Manhattan said US Airways, now part of American Airlines Group Inc, may...

  • JERUSALEM, Jan 6- New regulation of Israel's natural gas and mining industries aimed at increasing competition to bring down prices is scaring off investors, putting billions of dollars at risk. But investor concern intensified in late December when the antitrust authority declared that stakeholders in two large natural gas fields-- Israel's Delek Group and...

  • NEW YORK, Jan 5- JPMorgan Chase& Co has become the first bank to settle a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the $5 trillion- a-day foreign exchange market. JPMorgan settled after mediation with Kenneth Feinberg, who also oversees a General Motors Co program to compensate drivers whose vehicles had faulty...

  • NEW YORK, Jan 5- JPMorgan Chase& Co has become the first bank to settle a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the $5 trillion- a-day foreign exchange market. The settlement was disclosed in a letter filed on Monday with the U.S. District Court in Manhattan from lawyers for JPMorgan, the largest U.S. bank, and investors.

  • SAN FRANCISCO/ BEIJING, Dec 29- The settlement of China's anti-trust probe into Qualcomm Inc is likely to intensify global scrutiny of the firm's highly profitable patent licensing business, and may even call into question its worldwide contracts with smartphone makers such as Apple and Samsung. Any deal is likely to include a record-breaking fine, as well as...

  • BEIJING, Dec 26- The Chinese government said on Friday that it will soon settle its antitrust investigation of U.S. mobile chipmaker Qualcomm Inc.. The NDRC also said it had completed its seventh round of discussions with Qualcomm President Derek Aberle and his team earlier this month. Qualcomm will continue to cooperate with the regulator to reach a...

  • BEIJING, Dec 26- The Chinese government said on Friday that it will soon settle its antitrust investigation of U.S. mobile chipmaker Qualcomm Inc.. The National Development and Reform Commission, the country's anti-monopoly regulator that launched its probe of the San Diego- based company 13 months ago, said the case would be settled according to the law,...

  • WASHINGTON, Dec 24- The proposed merger of Sysco Corp and US Foods Inc hinges on the top two U.S. food companies helping to turn a far smaller rival into a national player to ease antitrust concerns, but the gap may be too big, analysts said. Sysco and US Foods, the only two companies with national distribution to hospitals, restaurants and schools, have been discussing...

  • Family Dollar, the second largest U.S. discount retailer, said it adjourned the meeting as there were not enough votes to adopt the Dollar Tree agreement. Family Dollar agreed to be acquired by Dollar Tree for $8.5 billion in cash and stock after twice rejecting higher all-cash bids from bigger rival Dollar General Corp, citing antitrust concerns.

  • JERUSALEM, Dec 22- Israel's antitrust authority said Monday it may revoke an arrangement permitting an Israeli and a U.S. company to develop Israel's largest natural gas field by branding them a cartel. The authority summoned representatives of Israel's Delek Group and Texas- based Noble Energy and told them it was "still considering to announce that buying...

  • MEXICO CITY, Dec 19- Mexico's telecoms regulator has opened a fresh antitrust investigation into companies offering voice, data and video services, which could affect Carlos Slim's telephone company America Movil and broadcaster Televisa. The IFT has already declared billionaire Slim's America Movil and Televisa to be dominant players in Mexico,...

  • A Family Dollar spokesman said the special shareholder meeting to vote on the Dollar Tree deal remains scheduled for Dec. 23. Family Dollar has agreed to be acquired by Dollar Tree for $8.5 billion in cash and stock after twice rejecting higher all cash bids from bigger rival Dollar General Corp, citing antitrust concerns. Dollar General took its $9.1 billion...

  • BRUSSELS, Dec 18- Luxembourg acceded on Thursday to the demand of the European Commission to release data to further EU antitrust regulators' investigation into whether it allowed multinationals to pay excessively low taxes. Prime Minister Xavier Bettel said the Commission's decision to widen its focus beyond Luxembourg to the whole of Europe had...