Legislation Antitrust

  • Google CEO Sundar Pichai speaks onstage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018.

    It seems any initial shock of an antitrust threat has worn off.

  • BRUSSELS, March 20- Alphabet Inc unit Google was fined 1.49 billion euros on Wednesday, its third large European Union antitrust penalty in two years marking the company's decade-long regulatory battle in Europe. The European Commission, which said the fine amounted to 1.29 percent of Google's turnover in 2018, said that the case focused on the company's...

  • BRUSSELS, March 20- The European Union's top antitrust regulator is facing calls to resign after a "historic" court ruling involving a small Italian lender upended Brussels' approach to bank rescues and prompted calls for compensation. In a blow to EU competition commissioner Margrethe Vestager, EU judges ruled on Tuesday that Italy's plan for the rescue of...

  • BRUSSELS, March 20- Alphabet unit Google was fined 1.49 billion euros on Wednesday, its third large EU antitrust penalty in two years marking the company's decade-long regulatory battle in Europe. The European Union antitrust chief, however, gave a cautious welcome to Google's measures to boost competition and give Android users a choice of browsers and...

  • Jim Cramer: Google will barely feel the $1.7 billion fine from the EU

    EU regulators hit Alphabet unit with a fine for stifling ad competition. It is the third antitrust fine from Brussels to land on Google's desk.

  • BRUSSELS, March 20- EU Competition Commissioner Margrethe Vestager said on Wednesday she will assess the impact of an EU court ruling on the rescue of Italy's Tercas bank, but insisted the case should not be linked to other past bank rescues. In a blow to EU antitrust regulators, EU judges had ruled on Tuesday that Italy's rescue plan for the rescue of the ailing...

  • BRUSSELS, March 20- Europe's antitrust chief Margrethe Vestager gave a cautious welcome on Wednesday to Google's attempts to boost rivals and offer Android users a choice of browser and search apps in order to comply with her orders in two separate cases. "We see positive developments both in the shopping and Android case," Vestager told a news conference after...

  • EU fines Google $1.7 billion for blocking ad rivals

    EU regulators hit the Alphabet unit with a fine for stifling ad competition. It is the third antitrust fine from Brussels to land on Google's desk.

  • European Union Competition Commissioner Margrethe Vestager gives a joint press at the EU headquarters in Brussels on July 18, 2018. -

    It is the third antitrust fine from Brussels to hit Google.

  • BRUSSELS, March 19- Alphabet's Google will prompt Android users to choose their preferred browsers and search apps, a senior Google executive said on Tuesday, as the company seeks to allay EU antitrust concerns and ward off fresh sanctions. The European Commission last year handed Google a record 4.34 billion euro fine for using the market power of its mobile...

  • BRUSSELS, March 19- European Union judges ruled on Tuesday that Italy's rescue plan for an ailing bank five years ago was legal, prompting calls for compensation for savers who subsequently faced stricter terms because Brussels had rigidly interpreted the bloc's rules. After the dispute with Brussels over the rescue of Tercas, Italian authorities...

  • *EU Commission had forced bank to reimburse aid. BRUSSELS, March 19- European Union judges ruled on Tuesday that Italy's rescue plan for an ailing bank five years ago was legal, prompting calls for compensation for savers who subsequently faced stricter terms because Brussels had rigidly interpreted the bloc's rules. The rescue of Tercas, which was sold to Banca...

  • BRUSSELS, March 19- European Union judges ruled on Tuesday that Italy's rescue plan for an ailing bank five years ago was legal, prompting calls for compensation for savers who subsequently faced stricter terms because Brussels had rigidly interpreted the bloc's rules. The decision could also have repercussions for the Commission's assessment of banking...

  • BRUSSELS, March 19- Whistleblowers will be able to report suspected price-fixing online instead of showing up at the offices of the European Union's antitrust regulators in an effort to make it easier for companies to come forward. The European Commission's leniency programme, which rewards companies reporting either a cartel or providing evidence with...

  • BRUSSELS, March 18- Google is trying to boost price comparison rivals such as Kelkoo in an effort to appease European Union antitrust regulators and ward off fresh fines following a 2.4- billion-euro penalty nearly two years ago. British competitor Kelkoo said on its blog that it was one of several companies selected to try out the new link which will initially...

  • NEW DELHI, March 18- India's antitrust watchdog raided units of global commodities trader Glencore and two other firms in Mumbai on Saturday in an inquiry into alleged collusion on the price of pulses, four sources with knowledge of the raids told Reuters. More than 25 antitrust officials carried out the raids at the offices of local units of Glencore and...

  • NEW DELHI, March 16- India's antitrust watchdog raided units of global commodities trader Glencore and two other firms in Mumbai on Saturday in an inquiry into alleged collusion on the price of pulses, four sources with knowledge of the raids told Reuters. More than 25 antitrust officials carried out the raids at the offices of local units of Glencore and...

  • March 14- Apple Inc on Thursday responded to Spotify Technology SA's complaint with EU antitrust regulators, saying the audio streaming service "wants all the benefits of a free app without being free." Apple's control of its App Store deprived consumers of choice and rival providers of audio streaming services to the benefit of Apple Music, which began in 2015,...

  • March 14- Apple Inc said on Thursday Spotify wants all the benefits of a free app without being free, as the iPhone maker responded to the audio streaming service provider's complaint with European Union antitrust regulators. Spotify, which launched a year after the 2007 launch of the iPhone, said on Wednesday Apple unfairly limits rivals to its own Apple Music...

  • NEW YORK, March 14- A federal judge in Manhattan on Thursday dismissed a lawsuit by investors that accused nine large banks, including six from Canada, of conspiring to manipulate a Canadian rate benchmark to improve profits from derivatives trading. District Judge Analisa Torres rejected racketeering and antitrust claims by the lead plaintiff, the Fire&...