Legislation Antitrust

  • SANTIAGO, Oct 11- Chile's Constitutional Court on Thursday admitted a lawsuit to block a deal allowing the sale of a coveted stake in lithium producer SQM to China's Tianqi Lithium Corp, temporarily suspending the transaction. The lawsuit, filed by SQM's controlling shareholder, alleges that Chile's antitrust court failed to follow due process when it...

  • *Competition Commission of India was acting on tip-off- source. MUMBAI, Oct 11- India's antitrust watchdog raided the offices of three top beer companies on Thursday as part of an investigation of price-fixing allegations, three sources with direct knowledge of the matter told Reuters. Search and seizure operations were conducted at dawn by the Competition...

  • WASHINGTON/ NEW YORK, Oct 10- Pharmacy chain CVS Health Corp won U.S. antitrust approval for its $69 billion acquisition of health insurer Aetna Inc, the Justice Department said on Wednesday, paving the way for a combination with potential to cut U.S. healthcare costs for consumers. The deal was approved on the condition that the companies sell Aetna's standalone...

  • WASHINGTON, Oct 10- Pharmacy chain CVS Health Corp won U.S. antitrust approval for its $69 billion acquisition of health insurer Aetna Inc, the Justice Department said on Wednesday, paving the way for a combination the companies say can help cut soaring U.S. healthcare costs. Without the divestiture the two companies would have owned more than a 30 percent share...

  • BRUSSELS, Oct 9- Alphabet unit Google on Tuesday challenged a record 4.34- billion euro fine imposed by European Union antitrust regulators three months ago for using its popular Android mobile operating system to thwart rivals. "We have now filed our appeal of the EC's Android decision at the General Court of the EU," Google said in an email.

  • BENGALURU/ MUMBAI, Oct 8- Amazon's Indian business has denied accusations that it favours select merchants and brands, responding to a complaint lodged by an Indian lobby group. The All India Online Vendors Association on Friday filed a petition with the Competition Commission of India alleging that the online retailer favours merchants that it partly owns,...

  • BRUSSELS, Oct 8- Deutsche Telekom will offer concessions in the coming weeks to address EU antitrust concerns about its proposed purchase of Tele2's Dutch business, a person familiar with the matter said on Monday, aiming to head off a veto on the deal. Last month, the European Commission set out its concerns about the transaction, warning the companies that the...

  • SANTIAGO, Oct 4- Chile's antitrust court approved on Thursday a deal struck between Chilean regulators and Tianqi, allowing the Chinese miner to purchase a nearly one-quarter stake in lithium producer SQM. Chilean antitrust watchdog FNE and Tianqi had presented the agreement, intended to limit the exchange of commercially sensitive information between...

  • CHILEAN ANTI-TRUST COURT APPROVES AGREEMENT BETWEEN REGULATOR AND CHINA'S TIANQI ON SQM STAKE SALE.

  • To win U.S. approval for the $23 billion deal, UTC agreed to sell two Rockwell Collins' businesses- one that sells systems that de-ice planes and another that sells trimmable horizontal stabilizer actuators that help aircraft maintain altitude, the Justice Department said on Monday. The deal won antitrust approval from the European Union in May, but it is still...

  • EU competition commissioner on Amazon antitrust concerns

    European Commissioner for Competition Margrethe Vestager discusses why the E.U. has begun probing Amazon for antitrust concerns.

  • European Commissioner for competition Margrethe Vestager addresses a press conference on Belgium excess profit tax scheme at the European Commission in Brussels on January 11, 2016.

    Margrethe Vestager, the European Commissioner for Competition, explained that regulators want to ensure the e-commerce giant isn't using that data to replicate products and cannibalize sales from sellers on its platform.

  • Sept 27- Health insurer Aetna Inc said on Thursday it would sell its standalone Medicare prescription drug plan business to WellCare Health Plans Inc as it seeks U.S. antitrust approval for a planned acquisition by CVS Health Corp.. Aetna said its Medicare prescription drug business covers 2.2 million members. CVS is the largest manager of pharmacy drug plans...

  • BRUSSELS, Sept 19- European Union regulators are checking whether U.S. online retailer Amazon is using merchants' data in a way that stifles competition, Europe's antitrust chief said on Wednesday. The comments by European Competition Commissioner Margrethe Vestager come as the world's largest online retailer faces calls for more regulatory intervention...

  • *Tax deal in line with U.S., Luxembourg double taxation treaty. BRUSSELS, Sept 19- McDonald's avoided having to repay millions of euros in back taxes after EU antitrust regulators said that its tax deal with Luxembourg was not illegal, citing quirks in the Grand Duchy's bilateral tax treaty with the United States. "Our in-depth investigation has shown that the...

  • BRUSSELS, Sept 19- EU regulators are quizzing merchants and others on U.S. online retailer Amazon's use of their data to discover whether there is a need for action, Europe's antitrust chief said on Wednesday. The comments by European Competition Commissioner Margrethe Vestager came as the world's largest online retailer faces calls for more regulatory...

  • WASHINGTON, Sept 14- The Communication Workers of America labor union, which opposes T-Mobile's proposed purchase of rival Sprint, has written to all 50 state attorneys general to highlight potential job losses from the proposed deal as well as antitrust concerns. Attorneys general in New York and California have reportedly begun probes into the $26 billion...

  • "There is not much hope that these efforts to mitigate the effects of the deal will achieve the desired result," said Maria Isabel Diaz Velasco, a lawyer for SQM. In the complaint, Chile's government said the deal would distort the global lithium market. Tianqis interest in SQM comes as Beijing aggressively promotes electric vehicles to combat air pollution and...

  • SANTIAGO, Sept 7- Chilean anti-trust regulator FNE said on Friday it had reached an agreement with Tianqi Lithium Corp that would allow the Chinese miner to purchase a stake in top lithium producer SQM, pending court approval. Tianqi's interest in SQM comes as Beijing aggressively promotes electric vehicles to combat air pollution and help China's domestic...

  • SANTIAGO, Sept 7- Chilean anti-trust regulator FNE said on Friday it had reached an agreement with Tianqi Lithium Corp that would allow the Chinese miner to purchase a stake in top lithium producer SQM, pending court approvals.