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February 22, 2020
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Reuters - Business

Google criticizes EU over ‘eye-catching’ $2.6 billion antitrust fine

Reuters
LUXEMBOURG (Reuters) – Google (GOOGL.O) on Friday called on Europe’s second-top court to throw out what it called an eye-catching 2.4 billion euros ($2.6 billion) EU antitrust fine, saying there was no factual or legal basis to the inflated amount. FILE PHOTO: The brand logo of Alphabet Inc’s Google is......
Reuters - Business

FTC demands data on small buys by Google, Amazon, Apple, Facebook, Microsoft

Reuters
WASHINGTON (Reuters) – The Federal Trade Commission has issued special orders to Alphabet Inc’s (GOOGL.O) Google unit, Amazon.com Inc (AMZN.O), Apple Inc (AAPL.O), Facebook Inc (FB.O) and Microsoft Corp (MSFT.O) to provide information on mergers that were too small to report to antitrust regulators, the FTC said on Tuesday. FILE......
Environment

Antitrust Inquiry Dropped Against Automakers That Sided with California on Fuel Economy

@BreaknNews
WASHINGTON — The Justice Department has dropped its antitrust inquiry into four automakers that had sided with California in its dispute with the Trump administration over reducing climate-warming vehicle pollution, deciding that the companies had violated no laws, according to people familiar with the matter. The investigation, launched last September,......
Reuters - Business

Exclusive: iPhone app makers questioned in U.S. antitrust probe of Apple – sources

Reuters
WASHINGTON (Reuters) – The U.S. Justice Department has reached out to app developers as part of its investigation into Apple Inc (AAPL.O), one of the four big tech companies being probed for alleged anti-competitive behavior, according one of the developers and another person familiar with the investigation. FILE PHOTO: People......
Reuters - Business

Justice Department meeting state AG offices Tuesday to discuss Google: sources

Reuters
FILE PHOTO – People walk past the logo of Google in Davos, Switzerland Januar 22, 2020. REUTERS/Arnd Wiegmann WASHINGTON (Reuters) – Justice Department officials will meet on Tuesday with representatives of state attorneys general to discuss their investigations of search and advertising giant Google, according to sources familiar with the......
Reuters - Business

NBCUniversal fined $16 million for illegal sales curb in EU

Reuters
European Digital Economy Commissioner Margrethe Vestager reacts during a news conference on NBCUniversal antitrust case in Brussels, Belgium January 30, 2020. REUTERS/Johanna Geron BRUSSELS (Reuters) – NBCUniversal was fined 14.3 million euros ($15.86 million) by the European Union on Thursday for illegally restricting sales of merchandise linked to films such......
Reuters - Business

U.S. state AGs, Justice Department officials to meet and coordinate on Google probe: sources

Reuters
The logo of Google is seen in Davos, Switzerland Januar 20, 2020. Picture taken January 20, 2020. REUTERS/Arnd Wiegmann (Reuters) – U.S. state attorneys general will meet Justice Department attorneys next week to share information on their investigations into Alphabet Inc’s Google, two sources familiar with the matter told Reuters......
Reuters - Business

Italy watchdog threatens Facebook with another fine over improper use of data

Reuters
FILE PHOTO: The logo of Facebook is seen in Davos, Switzerland Januar 20, 2020. REUTERS/Arnd Wiegmann MILAN (Reuters) – Italy’s competition watchdog said on Friday it has launched proceedings against Facebook for non-compliance with a request to correct improper commercial practices in the group’s treatment of user data. In November......
Reuters - Business

Facebook sued in U.S. federal court for alleged anticompetitive conduct

Reuters
FILE PHOTO: Facebook logos are seen on a mobile phone in this picture illustration taken December 2, 2019. REUTERS/Johanna Geron/Illustration SAN FRANCISCO (Reuters) – Four companies sued Facebook in U.S. federal court on Thursday for alleged anticompetitive conduct, saying the social network inappropriately revoked developer access to its platform in......
Reuters - Business

Maersk chief warns EU antitrust policy benefits China, U.S.

Reuters
COPENHAGEN (Reuters) – Strict EU enforcement of competition rules prevents the development of the global champions necessary to compete with Chinese and U.S. companies, the head of shipping company Maersk (MAERSKb.CO) warned in an interview. FILE PHOTO: Maersk CEO Soren Skou attends news conference at the company’s headquarters in Copenhagen,......
Reuters - Business

Maersk chief warns EU antitrust policy benefits China, U.S.: Finans

Reuters
COPENHAGEN (Reuters) – Strict enforcement of competition rules in the European Union prevents the development of the global champions necessary to compete with Chinese and U.S. companies, the head of shipping company Maersk (MAERSKb.CO) warned in an interview. FILE PHOTO: Maersk CEO Soren Skou attends news conference at the company’s......
Reuters - Business

Ahead of Bezos visit, India antitrust chief says e-commerce firms shouldn’t offer heavy discounts

Reuters
NEW DELHI (Reuters) – Big e-commerce firms should not offer steep discounts, must disclose discounting policies and ensure they do not drive brick-and-mortar rivals out of business, India’s antitrust chief said as his commission launched a probe into Amazon.com and Walmart’s Flipkart. FILE PHOTO: People move past a hoarding of......
Reuters - Business

India orders antitrust probe of Amazon, Walmart’s Flipkart

Reuters
NEW DELHI (Reuters) – India ordered an investigation of Amazon.com Inc and Walmart’s Flipkart on Monday over alleged violations of competition law in the latest setback for U.S. e-commerce giants operating in the country. FILE PHOTO: People move past a hoarding of Amazon India outside a metro rail station in......
Reuters - Business

India orders antitrust probe against Amazon, Walmart’s Flipkart

Reuters
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File Photo NEW DELHI (Reuters) – India’s antitrust body has ordered an investigation into alleged competition law violations by Amazon.com Inc and Walmart’s Flipkart, it said in an order on......
Reuters - Business

Nokia, Daimler, others agreed to mediation to resolve licensing dispute

Reuters
FILE PHOTO: Visitors gather outside the Nokia booth at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Sergio Perez/File Photo BRUSSELS (Reuters) – Nokia, German carmaker Daimler and several car parts suppliers have agreed to independent mediation to resolve their technology licensing dispute, the Finnish telecoms equipment maker......
Reuters - Business

Nokia says Daimler, others agreed to mediation to resolve licensing dispute

Reuters
FILE PHOTO: Visitors gather outside the Nokia booth at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Sergio Perez/File Photo BRUSSELS (Reuters) – Nokia on Thursday said that German carmaker Daimler and several car parts suppliers have agreed to independent mediation to resolve their licensing dispute. “We expect......

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