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Legislation Antitrust

  • BERLIN, July 19- Germany's federal cartel office said on Wednesday it would not block moves to expand an industry consortium that is due to build five new military corvettes for the German military, after finding no evidence of antitrust concerns. The decision paves the way for Luerrsen Werft and Thyssenkrupp to add German Naval Yards to its existing...

  • Foxconn parent Hon Hai Precision Industry Co, Wistron Corp, Compal Electronics Inc and Pegatron Corp alleged that Qualcomm violated two sections of the Sherman Act, a U.S. antitrust law. The accusations, made in a filing late Tuesday in U.S. District Court for the Southern District of California, are counterclaims to a Qualcomm lawsuit filed in May seeking to...

  • A customer carrying shopping bags exits a Whole Foods Market Inc. location in Naperville, Illinois, on June 16, 2017.

    Rep. David Cicilline (D-R.I.) discusses why he's calling for an antitrust hearing on the Amazon-Whole Foods deal, valued at $13.7 billion.

  • BRUSSELS, July 17- U.S. chipmaker Qualcomm faces the threat of a daily fine of 580,000 euros for failing to provide EU antitrust regulators with information after losing an appeal against the penalty in a European Union court on Monday. Qualcomm, which was charged by the European Commission for using anti-competitive methods to squeeze out British phone...

  • BRUSSELS, July 17- EU antitrust regulators charged Israeli drugmaker Teva on Monday with doing an illegal deal with Cephalon to delay selling a cheaper generic version of the latter's sleep disorder drug, putting it at risk of a fine. The crackdown by the European Commission follows fines against scores of companies including Denmark's Lundbeck, U.S. giant...

  • BRUSSELS, July 17- EU antitrust regulators charged Israeli drugmaker Teva on Monday with doing an illegal deal with Cephalon to delay selling a cheaper generic version of the latter's blockbuster sleep disorder drug. The crackdown by the European Commission follows fines against scores of companies including Denmark's Lundbeck, U.S. giant Johnson& Johnson...

  • WASHINGTON/ NEW YORK, July 14- The top Democrat on the U.S. House of Representatives' antitrust subcommittee has voiced concerns about Amazon.com Inc's $13.7 billion plan to buy Whole Foods Market Inc and is pushing for a hearing to look into the deal's potential impact on consumers. "Amazons proposed purchase of Whole Foods could impact neighborhood grocery...

  • WASHINGTON, July 13- FanDuel Chief Executive Nigel Eccles said on Thursday his company and DraftKings would terminate a planned merger after a legal challenge by U.S. antitrust enforcers. The U.S. Federal Trade Commission said in June that it would seek to stop the deal because the combined company would control more than 90 percent of the U.S. market for paid...

  • Nigel Eccles

    CNBC's Kate Rogers reports Fantasy sports companies Fanduel and DraftKings announce they are ending their merger as Antitrust concerns from the FTC weigh on the deal.

  • July 13- A group of investors led by a former Chicago alderman has purchased the Sun-Times newspaper, outbidding the owners of the Chicago Tribune for its main rival and ending a federal antitrust investigation into the sale. Former Chicago Alderman Edwin Eisendrath and the group of investors beat out Tronc Inc, the owner of the Chicago Tribune as well as the Los...

  • July 13- A group of investors led by a former Chicago alderman on Wednesday purchased the Sun-Times, out-bidding the owners of the Chicago Tribune for its main rival and ending a federal antitrust investigation into the sale. Former Chicago Alderman Edwin Eisendrath and the group of investors beat out Tronc Inc., the owner of the Chicago Tribune as well as the...

  • July 12- American Airlines Inc said on Wednesday that state-owned Qatar Airways has revised its antitrust filing with U.S. regulators seeking clearance to buy up to a 10 percent stake in the U.S. carrier, but there were no details provided on the new filing. Separately, American said it is ending code-share agreements with both Qatar Airways and Abu Dhabi's...

  • July 12- American Airlines Inc said on Wednesday that state-owned Qatar Airways has revised its antitrust filing with U.S. regulators seeking clearance to buy up to a 10 percent stake in the U.S. carrier, but there were no details provided on the new filing. Separately, American said it is ending code-share agreements with both Qatar Airways and Abu Dhabi's...

  • July 11- Dow Chemical Co said it had agreed to sell a portion of its corn seed business in Brazil to a unit of China's CITIC Ltd for $1.1 billion as it seeks to gain approval for its merger with DuPont from the country's antitrust regulator. Dow and DuPont announced the all-stock merger in December 2015 in one of the largest deals ever that was valued at $130 billion.

  • An antitrust case against Amazon is unlikely: Expert

    Geoffrey Manne, Wired contributor and founder of The International Center For Law And Economics; Chris Segers, professor of Law at Cleveland State University; and Anthony Bianco, author of "Wal-Mart: The Bully of Bentonville," discuss Amazon's size and how it is expected to grow.

  • News outlets need to look at their business model: Crowdtap CEO

    Dan Kennedy, associate professor of journalism at Northeastern University, and Matt Britton, CEO of Crowdtap, discuss how some news media companies are asking Congress to allow them to negotiate with online platforms to combat the rise of 'fake news.'

  • July 10- Google has ramped up its legal firepower as it prepares to do battle with EU antitrust regulators after a landmark 2.4- billion-euro fine and the possibility of a second record sanction before the end of the year. The Luxembourg- based General Court, Europe's second highest, will be the first battleground for Google if, as expected, it challenges the...

  • Media Analyst: Newspapers needs a fair share of advertising revenue

    David Chavern, News Media Alliance president and CEO, discusses how technology companies like Google and Facebook are a threat to the news business.

  • WASHINGTON, July 7- Senator Amy Klobuchar, the top Democrat on the Senate antitrust panel, sent a letter to the U.S. Justice Department on Friday urging that it reject any effort by the White House to inject politics into merger investigations. Both the White House and Justice Department declined comment for this story. Klobuchar also asked Sessions to report to...

  • BRUSSELS, July 6- General Electric, German drugmaker Merck KGaA, and Japan's Canon risk hefty fines after EU antitrust regulators accused them of providing misleading information during separate merger deals. The European Commission said on Thursday that it had sent three separate charge sheets known as statements of objections to General Electric, Merck...