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February 19, 2020
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competitive Behaviour / Price Fixing

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Huawei accuses U.S. of overlooking HSBC misconduct to go after Chinese firm

Reuters
(Reuters) – U.S. prosecutors overlooked apparent violations of U.S. sanctions against Iran by HSBC Holdings (HSBA.L) in exchange for the British bank’s cooperation with a government investigation of Huawei Technologies, lawyers for the Chinese telecoms giant said. FILE PHOTO: The Huawei logo is seen on a communications device in London,......
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Alstom to buy Bombardier rail unit for up to $6.7 billion

Reuters
PARIS/MONTREAL (Reuters) – France’s Alstom said on Monday it had agreed to buy the train division of Canada’s Bombardier for up to 6.2 billion euros ($6.7 billion), in the latest bid by Western rail companies to bulk up in the face of Chinese competition. Alstom, the maker of TGV bullet......
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New York drops fight against T-Mobile-Sprint merger

Reuters
NEW YORK (Reuters) – New York on Sunday dropped its fight against the $40 billion merger of U.S. wireless carriers T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N), saying the state would not appeal a judge’s approval of the deal. FILE PHOTO: Smartphones with the logos of T-Mobile and Sprint......
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Carrefour to buy 30 stores in Brazil from rival Makro

Reuters
FILE PHOTO: A Carrefour logo is seen on a Carrefour Hypermarket store in Antibes, France May 6, 2019. REUTERS/Eric Gaillard/File Photo SAO PAULO (Reuters) – The Brazilian unit of France’s Carrefour SA (CARR.PA) has agreed to buy 30 stores from rival retailer Makro’s Brazilian subsidiary, Makro said in a statement......
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India court stalls Amazon, Flipkart antitrust probes: lawyers

Reuters
NEW DELHI/BENGALURU (Reuters) – An Indian antitrust investigation of Amazon.com Inc and Walmart’s Flipkart has been put on hold by a court, three lawyers involved in the proceedings told Reuters on Friday. FILE PHOTO: An employee of Amazon walks through a turnstile gate inside an Amazon Fulfillment Centre (BLR7) on......
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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......
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FTC antitrust victory on Qualcomm questioned by appeals court

Reuters
(Reuters) – The U.S. government’s antitrust victory over chip supplier Qualcomm Inc drew tough questions for the Federal Trade Commision from a panel of three appellate judges in San Francisco on Thursday. FILE PHOTO: A Qualcomm sign is pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019.......
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Investors expect any T-Mobile/Sprint deal price haircut to be small

Reuters
(This Feb 11 story corrects reference to value of Sprint’s spectrum in paragraph 11) By Krystal Hu and Sheila Dang (Reuters) – T-Mobile US Inc may be limited in its ability to trim the price of its $40 billion acquisition of Sprint Corp after it overcame regulatory obstacles to completing......
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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......
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T-Mobile-Sprint merger wins approval from U.S. judge

Reuters
NEW YORK (Reuters) – T-Mobile US Inc’s edged closer to a takeover of Sprint Corp after a federal judge on Tuesday approved the deal, rejecting a claim by a group of states that said the deal would violate antitrust laws and raise prices. During a two-week trial in December, T-Mobile......
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U.S. judge expected to rule in favor of Sprint, T-Mobile merger: sources

Reuters
(Reuters) – A U.S. district judge is expected to rule in favor of allowing Sprint and T-Mobile US to merge over the objections of a group of state attorneys general, according to two sources familiar with the matter. Shares of Sprint surged 69% in Monday’s after-hours trade and T-Mobile stock......
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Australia investigator in Citi cartel case learned of concerns from rival agency

Reuters
SYDNEY (Reuters) – An Australian investigator who helped bring criminal cartel charges against Citigroup Inc (C.N) and Deutsche Bank AG (DBKGn.DE) said he first heard concerns about a stock issue they worked on from a rival regulator, but the agencies acted independently. FILE PHOTO: The Citigroup Inc (Citi) logo is......
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Amazon challenges India antitrust probe in court: filing

Reuters
NEW DELHI (Reuters) – Amazon.com Inc has begun legal action in India to quash an antitrust investigation against the company, saying it could cause “irreparable” loss and damage to its reputation, according to its court filing seen by Reuters. FILE PHOTO: People move past a hoarding of Amazon India outside......
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Australia cartel investigator says no impropriety in exchanges with JPMorgan lawyers

Reuters
SYDNEY (Reuters) – An Australian antitrust investigator who helped bring criminal cartel charges against Citigroup Inc (C.N) and Deutsche Bank AG (DBKGn.DE) denied acting with “impropriety” when presented with communications between the regulator and informants’ lawyers. FILE PHOTO: The logo of Dow Jones Industrial Average stock market index listed company......
Reuters - Business

EU regulators to investigate EssilorLuxottica’s 7.2-billion-euro Dutch deal

Reuters
Sunglasses from Ray Ban are on display at a optician shop in Hanau near Frankfurt, Germany, March 18, 2016. REUTERS/Kai Pfaffenbach BRUSSELS (Reuters) – EU antitrust regulators opened on Thursday an in-depth investigation into Ray-Ban maker EssilorLuxottica’s (ESLX.PA) 7.2 billion euro bid for Dutch opticians group GrandVision (GVNV.AS), saying the......
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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

U.S. judge approves Airbus deferred prosecution agreement over bribery probe

Reuters
FILE PHOTO: The Airbus logo is pictured at Airbus headquarters in Blagnac near Toulouse, France, March 20, 2019. REUTERS/Regis Duvignau/File Photo WASHINGTON (Reuters) – U.S. District Judge Thomas Hogan on Friday approved a deal to resolve the Justice Department’s probe into charges airplane Airbus SE violated anti-bribery laws and export......
Reuters - Business

Exclusive: EssilorLuxottica’s €7.2 billion euro Dutch deal faces EU probe – sources

Reuters
FILE PHOTO: The Luxottica name is reflected in a pair of sunglasses in this photo illustration taken in Rome, February 4, 2016. REUTERS/Alessandro Bianchi BRUSSELS (Reuters) – EssilorLuxottica’s (ESLX.PA) 7.2 billion euro ($8 billion) bid for Dutch opticians group GrandVision (GVNV.AS) will face a full-scale EU antitrust investigation after 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......

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