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Antitrust

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  • 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...

  • SAN JOSE, Calif., Dec 18- A judge on Thursday said she would require consumers suing Google over its Android smartphone operating system to submit more factual details in order for an antitrust lawsuit to proceed, at a time when the Internet search company faces increased regulatory pressure. The lawsuit filed earlier this year says Google Inc requires Android...

  • SAN JOSE, Calif., Dec 18- Google will try to persuade a U.S. judge on Thursday to dismiss an antitrust lawsuit over its Android smartphone operating system, as the Internet search company faces increased regulatory pressure from European authorities. The hearing in San Jose, California, federal court is over the lawsuit filed by two smartphone consumers who say...

  • MEXICO CITY, Dec 16- Mexico's telecommunications regulator IFT has approved a plan from dominant broadcaster Televisa that lays out how the company will share infrastructure with competitors in order to avoid stiff penalties tied to its share of controlling more than half the market, the watchdog said on Tuesday. The plan is part of a process that Televisa, the...

  • Closing arguments conclude in Apple antitrust trial Monday, 15 Dec 2014 | 8:17 PM ET
    The Apple flagship store on 5th Avenue in New York.

    Attorneys for plaintiffs and Apple made closing arguments on Monday, and the jury has begun deliberations in the Apple iPod antitrust case.

  • BRUSSELS, Dec 15- European Union antitrust regulators on Monday approved the proposed merger of France's Lafarge and Swiss peer Holcim to create the world's biggest cement maker after they promised to sell a swathe of overlapping assets. Holcim and Lafarge said the package, with the exception of a minor change in France, was about the same as that announced in...