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Legislation Antitrust

  • July 24- Alphabet Inc reported a 27.7 percent drop in quarterly profit as the company recorded a previously announced charge related to a record $2.7 billion fine imposed on its Google unit by the EU. EU antitrust regulators last month hit Google with a record 2.4- billion-euro fine for favoring its own shopping service, taking a tough line in the first of three...

  • BERLIN/ FRANKFURT, July 24- Volkswagen will hold a special supervisory board meeting on Wednesday to discuss allegations that German carmakers operated a wide-ranging cartel, a source familiar with the matter said on Monday. The European Commission said on Saturday that antitrust regulators were investigating a possible German auto industry cartel...

  • BRUSSELS, July 24- Online campaigns group Avaaz has called on European Union antitrust regulators to block Bayer's purchase of Monsanto, saying it would hurt innovation and competition and push up prices. Avaaz said in a letter to European Competition Commissioner Margrethe Vestagerhad that more than one million people had signed its petition opposing the...

  • *STOXX 600 ends down 0.2 pct. *Julius Baer jumps on biggest inflows since fin crisis. LONDON, July 24- European shares dipped on Monday with automakers hitting their lowest level this year after anti-trust regulators opened an investigation, while price war worries hurt airlines.

  • BRUSSELS, July 24- Online campaigns group Avaaz has called on European Union antitrust regulators to block Bayer's purchase of Monsanto, saying it would hurt innovation and competition and push up prices. Avaaz said in a letter to European Competition Commissioner Margrethe Vestagerhad that more than one million people had signed its petition opposing the...

  • Recode's Kara Swisher: Dems have been tech-friendly but some antitrust statements are not

    Kara Swisher, Recode, talks about Congressional Democrats like Sen. Cory Booker (D-N.J.) taking aim at the Amazon-Whole Foods deal and other tech names for antitrust concerns.

  • Antitrust in the spotlight for Amazon-Whole Foods

    James Cooper, former acting director of the office of policy planning at the FTC, discusses the current antitrust scrutiny on the Amazon-Whole Foods merger and the tech sector in general.

  • LONDON, July 24- Another wobble for European autos shares on Monday has put the regional sector on track for its worst two-day run in more than a year pointing to heightened investor caution ahead of results due over the coming week. Shares of Europe's leading carmakers fell on Monday following news that EU anti-trust regulators were investigating possible...

  • BERLIN/ FRANKFURT, July 24- Volkswagen will hold a special supervisory board meeting on Wednesday to discuss allegations that German carmakers operated a wide-ranging cartel, a source familiar with the matter said on Monday. The European Commission said on Saturday antitrust regulators were investigating a possible German auto industry cartel following...

  • *STOXX 600 down 0.1 pct. *Julius Baer jumps on biggest inflows since fin crisis. LONDON, July 24- European shares dipped on Monday with the autos sector hitting its lowest level this year after anti-trust regulators opened an investigation into regional carmakers while price war worries hurt airlines.

  • FRANKFURT, July 24- German auto stocks took a hit in early Monday trading, weighed down by uncertainty over possible antitrust fines after European regulators said they were investigating allegations that carmakers were operating a cartel. The European Commission said on Saturday that European Union antitrust regulators had received a tip-off about...

  • LONDON, July 24- European shares dipped on Monday with the autos sector hitting its lowest level this year after anti-trust regulators opened an investigation into regional carmakers while worries on escalating price wars hurt airlines. Shares in carmakers across Europe fell after European Union antitrust regulators said they were investigating...

  • MADRID, July 22- Authorities in Madrid asked Spain's anti-trust watchdog on Saturday to investigate whether Uber's new low-cost airport transfer service constitutes unfair competition. The firm's recently launched Uber Airport service offers a tariff of 15- 29 euros for a ride between Madrid's Barajas international airport and the city centre.

  • BRUSSELS, July 22- EU antitrust regulators are investigating allegations of a cartel among a group of German carmakers, the European Commission said on Saturday, a measure that could result in hefty fines for the companies. German magazine Der Spiegel reported on Friday that VW, BMW, Audi, Porsche may have colluded to fix the prices of diesel emissions treatment...

  • Amazon increases lobbying efforts

    Dave Levinthal, senior political reporter from the Center of Public Integrity, and Kim Hart, tech editor at Axios, discuss what Amazon's lobbying means for competitors in the market as fears of antitrust rise.

  • Are consumers winning from tech consolidation?

    Ethan Kurzweil, Bessemer Venture Partners, and Gene Munster, Loup Ventures, discuss the news that Amazon is under the eye of the FTC for its potentially deceptive prices as part of the growing concerns over monopolization and antitrust claims.

  • LONDON, July 21- A 14 billion pound class action lawsuit against MasterCard for allegedly overcharging more than 45 million people in Britain over a 16- year period was blocked by a British court on Friday. The Competition Appeal Tribunal, a newly-empowered court that oversees Britain's fledgling class action regime, ruled that it would not grant the...

  • 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 on Tuesday in U.S. District Court for the Southern District of California, are counterclaims to a Qualcomm lawsuit filed in May seeking to...

  • 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...