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Antitrust

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  • WASHINGTON, Feb 17- A fight between an upstart Spanish language TV network and Comcast Corp has provided more ammunition for critics who fear Comcast would gain too much market power if its buyout of Time Warner Cable Inc goes ahead, antitrust attorneys said. Formed by the son of a Mexican immigrant in 2009, Estrella TV currently is distributed by Comcast in 16...

  • What the Expedia-Orbitz deal means for you Tuesday, 17 Feb 2015 | 1:07 PM ET
    Orbitz and Expedia

    Expedia's blockbuster purchase of Orbitz represents a dramatic move in the larger, ongoing battle for travelers' dollars. NBC News reports.

  • BEIJING, Feb 13- A Chinese antitrust regulator said on Friday pricing tactics in the nation's e-commerce sector will be probed to ensure a "fair" market, likely putting new scrutiny on companies such as Alibaba Group Holding Ltd and JD.com Inc.. The comments come just two weeks after another government regulator, the State Administration for Industry and...

  • *Probe follows record fine against Qualcomm in China. SEOUL, Feb 12- South Korea's Fair Trade Commission is investigating Qualcomm Inc, a person familiar with the matter told Reuters on Thursday, adding to antitrust woes for the U.S. chipmaker following a record fine it agreed to pay in China. Qualcomm, the Fair Trade Commission and Samsung Electronics declined to...

  • Feb 10- Chipmaker Qualcomm Inc said it would pay a fine of $975 million to China's National Development and Reform Commission to resolve a 14- month government investigation into anti-competitive practices. Reuters reported earlier in the day about the possible settlement, citing a source, who said the chipmaker and the regulator made significant progress...

  • BEIJING, Feb 9- Qualcomm Inc is likely to pay China a record fine of around $1 billion, ending a 14- month government investigation into anti-competitive practices, after the U.S. chipmaker and the regulator made significant progress during talks last week. The deal, which may also see Qualcomm lower its royalty rates by around a third on patents used in China,...

  • Feb 4- Staples Inc and Office Depot should find the second time is a charm as the top two U.S. office supply chains once again test the views of antitrust regulators in the rapidly changing retail landscape, experts said on Wednesday. Staples, the No. 1 U.S. office supplies retailer, and No. 2 Office Depot Inc announced on Wednesday a $6.3 billion plan to join forces to...

  • Staples co-founder expects nasty legal skirmish   Wednesday, 4 Feb 2015 | 10:13 AM ET
    Staples co-founder expects nasty legal skirmish

    Staples is agreeing to acquire Office Depot for $6.3 billion in a cash and stock deal. Staples co-founder and former Chairman and CEO Tom Stemberg, discusses the likelihood of antitrust scrutiny for the deal.

  • Feb 4- Staples Inc, the No. 1 U.S. office supplies retailer, agreed to buy No. 2 Office Depot Inc in a $6.3 billion deal designed to help it better compete against Wal-Mart Stores Inc and online rivals such as Amazon.com Inc.. The deal, which will likely come under close scrutiny from antitrust regulators, values Office Depot at $11.00 per share, based on Staples' closing...

  • Feb 3- Discount store chain Dollar Tree Inc said it may have to divest more than the 300 stores it had expected, to buy Family Dollar Stores Inc, as U.S. antitrust regulators were reviewing more than 500 of its stores. The U.S. Federal Trade Commission may identify more stores for review in the future and the number of stores Dollar Tree may have to shed could increase,...

  • Feb 2- Food distributor Sysco Corp said it would sell 11 distribution centers run by takeover target US Foods Inc to Performance Food Group to satisfy antitrust concerns. Sysco's $3.5 billion offer for US Foods is awaiting approval from the Federal Trade Commission as the deal would combine the two largest U.S. food distributors. Sysco and US Foods are the only...

  • Feb 2- Food distributor Sysco Corp said it would sell 11 distribution centers run by takeover target US Foods Inc to Performance Food Group to satisfy antitrust concerns. The centers generated $4.6 billion in revenue in US Foods' most recent fiscal year, Sysco said on Monday. Sysco announced its agreement to buy US Foods for $3.5 billion in December 2013.

  • NEW YORK, Jan 31- JPMorgan Chase& Co, the largest U.S. bank, agreed to pay $99.5 million to settle its portion of an antitrust lawsuit in which investors accuse 12 major banks of rigging prices in the $5.3 trillion- a-day foreign exchange market. Made public on Friday night, the settlement is the first in the nationwide litigation and resolved claims over JPMorgan's...

  • WASHINGTON, Jan 30- Food distributor Sysco Corp and its biggest rival, US Foods Inc, have offered to sell a smaller competitor 11 facilities in order to convince skeptical antitrust regulators to approve their $3.5 billion merger, a source briefed on the matter told Reuters. The deal, proposed in December 2013, is seen as problematic because Sysco and US Foods are...

  • WASHINGTON, Jan 30- Food distributor Sysco Corp and its biggest rival, US Foods Inc, have offered to sell a smaller competitor 11 facilities in order to convince skeptical antitrust regulators to approve their $3.5 billion merger, a source briefed on the matter told Reuters. To overcome Federal Trade Commission concerns, the companies have offered to sell 11...

  • NEW YORK, Jan 28- A federal judge on Wednesday said U.S. investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the $5.3 trillion- a-day foreign exchange market. The bank defendants include Bank of America Corp, Barclays Plc, BNP Paribas SA, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, HSBC...

  • BRUSSELS, Jan 20- European Union antitrust regulators have set a Feb. 23 deadline for a decision on whether to clear General Electric's planned purchase of most of French engineering group Alstom's power equipment business. The European Commission said on Tuesday the companies requested approval for their deal on Jan. 19. U.S. conglomerate GE received the...

  • *Luxembourg agreed to tax ruling inside 11 days. BRUSSELS, Jan 16- Luxembourg took just two weeks to sign off a partly cosmetic deal that allowed Amazon to shift a large part of its European profits to an untaxed entity, according to EU antitrust regulators. Such inquiries have raised questions for European Commission President Jean-Claude Juncker, former...

  • BRUSSELS, Jan 15- European Union antitrust regulators will publish details on Friday of their investigation into online retailer Amazon's tax-minimising arrangements with Luxembourg. The investigation focuses on whether Luxembourg broke EU state aid rules by agreeing a deal which allows Amazon to operate almost tax-free in Europe.

  • 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...