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Legislation Antitrust

  • STUTTGART, Germany, Oct 25- German carmakers being investigated over possible collusion did not engage in price fixing or an illegal cartel, Volkswagen's chief executive Matthias Mueller said on Wednesday. European Union antitrust staff have raided Volkswagen, Daimler and BMW as part of an investigation into whether they conspired to fix prices in diesel...

  • *Sales in North America up 2.3 pct despite hurricanes. PARIS, Oct 24- French eyewear group Essilor said on Tuesday it was confident of securing European Union approval for its $54 billion merger with Italian peer Luxottica after the EU launched a full-scale probe into its impact on competition. Essilor Chief Operating Officer Laurent Vacherot said on a call...

  • Big tech backlash: Tech giants face criticism over potential monopolies

    Barry Lynn, Open Markets Institute executive director, discusses whether tech giants such as Amazon and Google have monopolies in markets such as books and online video.

  • HAMBURG/ BERLIN, Oct 23- European Union and German antitrust officials searched the offices of Daimler and Volkswagen on Monday, widening an inquiry into alleged collusion. German magazine Der Spiegel reported in July that Volkswagen, its units Porsche and Audi, Daimler's Mercedes and BMW may have used industry committee meetings to fix the size of tanks for...

  • HAMBURG/ BERLIN, Oct 23- European Union antitrust officials widened an investigation of alleged collusion between Germany's top carmakers on Monday, with both Daimler and Volkswagen becoming the latest targets of the inspections. It said on Monday that European Commission officials had started a search of its premises. "The inspections are related to...

  • BRUSSELS, Oct 13- EU antitrust regulators want Russian state-controlled gas giant Gazprom to offer more concessons to end a six-year long investigation, the European Commission said on Friday. The comments by the EU competition authority came after Gazprom deputy chief executive Alexander Medvedev met EU antitrust chief Margrethe Vestager to discuss the...

  • BRUSSELS/ FRANKFURT/ MILAN, Oct 13- Atlantia's 17- billion-euro bid for fellow toll road operator Abertis won unconditional EU antitrust clearance on Friday as Spanish builder ACS looked to prepare a rival bid. ACS is working on a cash-and-share offer for Spain's Abertis, which it plans to launch next week, sources close to the matter said on Thursday.

  • Mark Zuckerberg, Facebook

    Their amount of concentrated authority resembles the divine right of kings, and is sparking a backlash that is still gathering force, the NYT reports.

  • HONG KONG, Oct 11- Qualcomm Inc faces an antitrust fine in Taiwan, the latest in a years-long streak of regulatory setbacks to its business model that comes as it also fights U.S. regulators and iPhone maker Apple Inc in court over many of the same legal issues. In Taiwan, Qualcomm is required to submit a progress report on the matter every six months to the Commission...

  • Is data the new oil? Big tech companies face political pressure

    Bruce Mehlman, consultant at Mehlman Castagnetti Rosen & Thomas, speaks with CNBC’s “Squawk Alley” about tech giants such as Facebook and Google facing political pressure.

  • PARIS, Oct 5- L'Oreal said on Thursday it would appeal a 2.6 million euro fine imposed by Greece's competition authority, which ruled that the French cosmetics company and several of its rivals were fixing prices. The local beauty products business of France's Christian Dior- part of luxury goods group LVMH- was also fined just under 1.8 million euros, while...

  • SAO PAULO, Oct 4- A unit of Brazil's competition regulator Cade has postponed a decision on whether to approve the $66 billion takeover of Monsanto Co. by German life sciences firm Bayer SA, a document released on the agency's website shows. Recommending structural solutions as a condition to give final approval for the deal, the unit said efficiencies from the...

  • HONG KONG/ TOKYO, Oct 4- The Bain Capital- led consortium that bought Toshiba's chip unit for $18 billion last week has filed for antitrust approval in China, a source familiar with the matter said, but it may have to wait nine months or more for a green light. But several sources familiar with the matter said the strategic nature of the semiconductor industry for...

  • SANTIAGO, Oct 3- LATAM Airlines, Latin America's largest carrier, said on Tuesday that Brazil's antitrust authority Cade had approved its joint business agreement with American Airlines Group Inc without restrictions. LATAM said its agreement with American Airlines, and a similar accord with British Airways parent IAG, had now been approved by authorities...

  • In a complaint filed with the federal court in Newark, New Jersey, Shire accused Allergan of violating antitrust laws to preserve its roughly 90 percent share in Medicare prescription drug plans for its older and "clinically inferior" dry eye drug Restasis, and block prescriptions of Shire's rival drug Xiidra. "Quite simply, Allergan has and will continue to use...

  • SAO PAULO, Sept 28- Monsanto Co is set on keeping rights to its Intacta RR2 IPRO genetically modified soybean technology as the U.S. seeds company negotiates its takeover by Bayer AG with global antitrust authorities, a senior executive said on Thursday. The $66 billion deal, announced in September 2016, would create the world's largest integrated pesticides...

  • **Japan's Toshiba Corp said it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP, overcoming a key- albeit not its last- hurdle as it scrambles for funds to stave off a potential delisting. **The U.S. Senate voted on Wednesday to confirm Makan Delrahim to head the Justice Department's Antitrust Division, which will decide the fate...

  • **Japan's Toshiba Corp said it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP, overcoming a key- albeit not its last- hurdle as it scrambles for funds to stave off a potential delisting. **The U.S. Senate voted on Wednesday to confirm Makan Delrahim to head the Justice Department's Antitrust Division, which will decide the fate...

  • **Japan's Toshiba Corp said on Thursday it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP, overcoming a key- albeit not its last- hurdle as it scrambles for funds to stave off a potential delisting. **The U.S. Senate voted on Wednesday to confirm Makan Delrahim to head the Justice Department's Antitrust Division, which will...

  • **Japan's Toshiba Corp said on Thursday it had signed an $18 billion deal to sell its chip unit to a consortium led by Bain Capital LP, overcoming a key- albeit not its last- hurdle as it scrambles for funds to stave off a potential delisting. **The U.S. Senate voted on Wednesday to confirm Makan Delrahim to head the Justice Department's Antitrust Division, which will...