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Antitrust

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  • BEIJING, Dec 12- China's top economic planning agency has "substantial evidence" against chipmaker Qualcomm Inc in an antitrust probe, state media on Thursday quoted a senior official at the price regulator as saying. A China- based public relations official for Qualcomm said the company had no comment on Xu's remarks.

  • *Brazil antitrust watchdog rules against Telefonica. *Telefonica prefers sale of Brazil unit, Fossati against. Telecom Italia's 67 percent stake in TIM Participacoes has become an issue since TIM Brasil's biggest rival, Spain's Telefonica, agreed a deal in September to gradually take over Telecom Italia's controlling shareholder group, Telco.

  • MILAN, Dec 5- Telecom Italia rebel investor Marco Fossati said on Thursday he was opposed to selling the company's Brazilian mobile unit TIM Participacoes to comply with an antitrust ruling.

  • MEXICO CITY, Dec 4- Mexico's telecoms industry watchdog said on Wednesday it has informed the companies it will assess for tougher regulation, likely the first step in taking measures against phone giant America Movil and broadcaster Televisa.

  • BRUSSELS, Dec 4- EU antitrust regulators fined six financial institutions including Deutsche Bank, Royal Bank of Scotland and Citigroup a record total of 1.71 billion euros on Wednesday for rigging financial benchmarks. The other banks penalised are Societe Generale, JPMorgan and brokerage RP Martin.

  • BRUSSELS, Dec 3- European Union antitrust regulators will impose multi-million euro fines on six banks including Citigroup, Deutsche Bank and Royal Bank of Scotland on Wednesday for rigging key interest rate benchmarks, sources said.

  • BRUSSELS, Dec 3- European Union antitrust regulators will fine five banks including Citigroup and Deutsche Bank for rigging yen Libor and Tibor interest rate benchmarks, a person familiar with the matter said on Tuesday. The person said the other banks facing sanctions include Royal Bank of Scotland, JPMorgan and Barclays.

  • *Chinese regulator not saying why Qualcomm being investigated. *Qualcomm would be big gainer through royalties. Nov 26- China's anti-trust investigation into Qualcomm, the world's biggest smartphone chip maker, is likely tied to the impending $16 billion rollout of commercial fourth-generation services by China's big telecoms carriers.

  • UPDATE 3-Qualcomm faces antitrust probe in China Monday, 25 Nov 2013 | 2:43 PM ET

    *Chinese regulator not saying why Qualcomm investigated. Nov 25- Qualcomm Inc said on Monday it faces an antitrust probe in China, sending its shares lower as investors worried the investigation could hurt the chipmaker's business in the fast-growing smartphone market.

  • WASHINGTON, Nov 21- Three executives of Japan's Takata Corp will plead guilty to conspiring to fix the price of seatbelts sold to automakers in the United States and will go to jail for 14 to 19 months, the Justice Department said on Thursday. Takata settled with the Justice Department in October, agreeing to pay $71.3 million to settle antitrust charges.

  • WASHINGTON, Nov 21- Three executives of Japan's Takata Corp will plead guilty to conspiring to fix the price of seatbelts sold to automakers in the United States and will go to jail for 14 to 19 months, the Justice Department said on Thursday. Takata settled with the Justice Department in October, agreeing to pay $71.3 million to settle antitrust charges.

  • WASHINGTON, Nov 12- Corporate deal makers who want to avoid a court showdown might learn a lesson or two from the support given by previously hostile U.S. antitrust enforcers to what will become the world's biggest airline.

  • WASHINGTON/ NEW YORK, Nov 12- US Airways Group Inc and American Airlines will give low-cost competitors more access to a half dozen key U.S. airports, including New York and Washington, D.C., in exchange for permission to merge and create the world's largest airline.

  • US Airways, AMR reach antitrust settlement -source Tuesday, 12 Nov 2013 | 11:20 AM ET

    NEW YORK, Nov 12- US Airways Group Inc and AMR Corp have reached a settlement with U.S. antitrust regulators who had filed suit to stop the two airlines from merging, a source familiar with the matter said on Tuesday.

  • MEXICO CITY, Nov 11- Mexico's new telecommunications watchdog said on Monday it may identify this month which companies dominate the local market, likely paving the way for tougher regulation against telecom company America Movil and broadcaster Televisa.

  • *Some banks including HSBC contest proposed penalties. BRUSSELS, Nov 5- EU antitrust regulators are set to fine six global banks including Deutsche Bank, JPMorgan and HSBC for suspected rigging of benchmark euro zone interest rates, a person familiar with the matter said on Tuesday.

  • *Rivals remain critical of Google proposals. BRUSSELS, Oct 28- EU regulators have asked 125 Google rivals and third parties to provide feedback on the company's second attempt to settle a three-year-long antitrust investigation and avert a possible $5 billion fine.

  • High-flying airline deal headed to court     Thursday, 29 Aug 2013 | 6:43 AM ET

    American Airlines and U.S. Airways are taking the Justice Department to court to contest a lawsuit against their merger. Kevin Starke, CRT Capital Group analyst, provides a legal perspective on the case.

  • China to 30 foreign firms: Confess antitrust sins Wednesday, 21 Aug 2013 | 10:57 AM ET
    A paramilitary police officer stands guards in front of flags at Tiananmen Square in Beijing.

    A senior Chinese official put pressure on around 30 foreign firms to confess to any antitrust violations and warned them against using external lawyers to fight accusations from regulators, sources said.

  • The big bank is getting hit with a class-action lawsuit over its aluminum storage methods, reports CNBC's Kate Kelly.

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