×

Legislation Antitrust

  • BRUSSELS, July 5- EU antitrust regulators have appointed a panel of experts to give a second opinion on their case against Google's Android mobile operating system, two people familiar with the matter said, as they weigh another record fine against the company. Assuming the panel agrees with the initial case team's conclusions, it could pave the way for the...

  • BRUSSELS, June 30- Europe's top court will rule on Sept. 6 whether to uphold Intel's appeal against a 1.06- billion-euro EU antitrust fine, a case with ramifications for Google's challenge against a record sanction handed out this week. The European Commission penalised U.S. chipmaker Intel in 2009 because it tried to squeeze out rival Advanced Micro Devices by...

  • June 29- Drugstore chain Walgreens Boots Alliance Inc scrapped its deal to buy Rite Aid Corp after failing to win antitrust approval, but said it would instead buy nearly half of the smaller rival's U.S. stores for $5.18 billion. Rite Aid's shares plunged 25 percent to $2.93, while Walgreens shares were up slightly at $77.33. They decided to end the deal after the...

  • WBA shares rise 5 pct, RAD and Fred's shares fall 20 pct. Rite Aid's shares plunged 22 percent to $3.07, while Walgreens shares were up 5 percent at $81.02. The previous $9.5 billion deal, announced in October 2015, faced tough antitrust scrutiny as regulators deliberated over the effects of a merger between the No. 1 and No. 3 drug store chains in the United States...

  • Amazon well-positioned to continue growth: THL Partners' Scott Sperling

    The tradionial ways of looking at competition no longer work, says Scott Sperling, THL Partners co-president, weighing in on Amazon's impact on the retail sector and the outlook on e-commerce growth.

  • June 29- Drugstore chain Walgreens Boots Alliance Inc terminated its agreement to buy smaller rival Rite Aid Corp after struggling to win antitrust approval, and said it would instead buy 2,186 Rite Aid stores and assets for $5.18 billion in cash. Walgreens shares were up 1.7 percent at $78.49, while Rite Aid's shares were down 3 percent at $3.68.

  • June 28- Fred's Inc, which is buying stores from Rite Aid as part of the company's deal to be acquired by Walgreens, said its board adopted a shareholder rights plan in light of "increased trading activity" ahead of a decision on the deal. The Federal Trade Commission, the U.S. antitrust watchdog, is expected to reach a decision on the deal by July 7.

  • Cannot imagine AT&T-Time Warner deal doesn't happen: Rob Kindler

    Discussing the lull in the M&A market with Rob Kindler, Morgan Stanley vice chairman and global head of M&A, and what he sees for the deal landscape in the second half of the year.

  • Alphabet's Google is responsive to consumer demand: David Balto

    Nilay Patel, The Verge, and David Balto, antitrust lawyer, discuss whether tech is becoming too big and if more antitrust lawsuits will come up as the European Union fines Alphabet's Google for self-promoting.

  • June 27- The Federal Trade Commission's antitrust lawsuit against Qualcomm Inc can proceed, a federal judge ruled late on Monday, meaning the iPhone chip supplier must now wage a fight with U.S. regulators even as it contests a separate $1 billion lawsuit filed by Apple Inc.. District Judge Lucy Koh of the Northern District of California in San Jose denied...

  • BRUSSELS/ FRANKFURT, June 27- Beyond a headline-grabbing 2.4 billion euro fine EU antitrust regulators have levelled against Google, the internet giant is likely to be shackled for years by Tuesday's precedent-setting decision defining the company as a monopoly. It trades just behind rival Apple as the world's most valuable stock with a $666 billion market...

  • *Investors focus on Yellen's talk in London. June 27- Wall Street was lower in early afternoon trading on Tuesday as technology stocks continued to slide while investors focused on Federal Reserve Chair Janet Yellen's talk in London. Alphabet fell 1.6 percent to $956.68 after EU antitrust regulators hit the tech giant with a record $2.7 billion fine.

  • BRUSSELS, June 27- EU antitrust regulators hit Google with a record 2.4- billion-euro fine for favouring its own shopping service, taking a tough line in the first of three probes of its dominance in searches and smartphone operating systems. It is the biggest fine the European Commission has ever imposed on a single company in an antitrust case, exceeding a...

  • *Yellen to participate in a discussion at 1 p.m. ET. June 27- Wall Street was pulled lower by a selloff in technology shares at the open on Tuesday, while investors awaited clues on interest rate hikes from Federal Reserve Chair Janet Yellen's talk in London. Alphabet fell 1.2 percent to $960.55 after EU antitrust regulators hit the tech giant with a record $2.7...

  • *Yellen to participate in a discussion at 1 p.m. ET. June 27- Wall Street was pulled lower by a selloff in technology shares at the open on Tuesday, while investors awaited clues on interest rate hikes from Federal Reserve Chair Janet Yellen's talk in London. Alphabet fell 1.2 percent to $960.55 after EU antitrust regulators hit the tech giant with a record $2.7...

  • EU smacks Alphabet with 'eye-popping' $2.7B fine

    The "Squawk on the Street" news team chats about the implications of EU regulators hitting Alphabet's Google unit with a record fine.

  • EU hits Google with a record antitrust fine of $2.7 billion

    Google slapped with 2.4 billion euro ($2.7 billion) fine over antitrust abuses.

  • *Previous EU record antitrust fine 1.06 bln euros for Intel. BRUSSELS, June 27- EU antitrust regulators hit Alphabet unit Google with a record 2.42- billion-euro fine on Tuesday, taking a tough line in the first of three investigations into the company's dominance in searches and smartphones. The European Commission said the world's most popular internet...

  • Google can appeal $2.7B EU fine

    CNBC's John Fortt reports Alphabet has been slapped with a record $2.7 billion fine after the EU accused the tech giant of promoting its own shopping search service over those of smaller rivals.

  • Google

    EU antitrust regulators are fining Google parent company Alphabet with a record-setting $2.7 billion fine, reports "Squawk Box's" Becky Quick.