BRUSSELS— The European Union's antitrust authority on Tuesday approved the Polish government's 200 million-euro bailout for its ailing national carrier, LOT airlines. Star Alliance member LOT has been in financial difficulty for several years.» Read More
Microsoft may face a new kind of antitrust punishment from the European Union if the company, already hit by multi-million-dollar fines, continues to defy it, the bloc's top competition official hinted.
The big week in Internet earnings reaches a crescendo this afternoon when Google reports earnings. These numbers come at a fascinating time in the company's history.Google has become a kind of financial underdog, compared to other big names in the sector, including Yahoo, which is still licking its wounds, and eBay, which is enjoying its second beat-and-raise quarter in a row. A strange position to be in for a company trading at nearly $500 a share.
Microsoft said it agreed to pay up to $180 million to settle a class-action lawsuit, claiming the company has used its monopoly to overcharge citizens in the state of Iowa.
Google's acquisition of DoubleClick wasn't much of a surprise since blogs and news coverage over the past few weeks have indicated that the company was in play and had several suitors, including Microsoft, Google, Yahoo and various others.But the big surprise happened over the weekend when we found out that Microsoft was building a coalition of companies to come out against the deal, and that the anti-trust poster-company was now playing the part of victim. Needless to say, this pot-calling-the-kettle-black legal strategy is raising some eyebrows.
European Commission staff have again asked the EU's antitrust chief for permission to prepare charges against Intel, part of a long process that faces further hurdles, a source familiar with the case said.
Graphics chips maker Nvidia said Friday it was subpoenaed by the San Francisco Office of the Antitrust Division of the Department of Justice as part of an investigation into possible antitrust violations related to graphics processing units and cards.