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August 17, 2022

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Australian court orders Google to pay $43 mln for misleading users

Reuters
Letters spell the word “Alphabet” as they are seen on a computer screen with a Google search page in this photo illustration taken in Paris, France, August 11, 2015. REUTERS/Pascal Rossignol/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 12 (Reuters) – Australia’s competition watchdog said on......

Australia’s Santos buys pipeline route for undeveloped gas project

Reuters
The logo of Australian oil and gas producer Santos Ltd is pictured at their Sydney office February 15, 2016. REUTERS/Jason Reed Register now for FREE unlimited access to Reuters.com Register Aug 11 (Reuters) – Australia’s Santos Ltd (STO.AX) said on Thursday it had bought a company that owns an approved......

India proposes antitrust scrutiny for M&A worth over $250 mln

Reuters
NEW DELHI, Aug 5 (Reuters) – India proposes mandating antitrust scrutiny for mergers and acquisitions valued above 20 billion rupees ($250 million), according to a draft law, a move lawyers said appeared aimed at global tech companies with substantial local business. The proposal is part of a larger overhaul of......

Stephen King going to bat for U.S. gov’t in case against book publishing mega-merger

Reuters
WASHINGTON, Aug 1 (Reuters) – The U.S. Justice Department asked a federal judge on Monday to block a $2.2 billion merger of two of the “Big Five” book publishers, Penguin Random House and Simon & Schuster, in a trial that is expected to feature testimony from horror writer Stephen King.......

Australia watchdog urges gas export curbs to avert domestic supply crunch in 2023

Reuters
East coast shortfall could equal 10% of demand – watchdog Government extends gas export control trigger to 2030 Gas producers say ample gas available to fill shortfall MELBOURNE, Aug 1 (Reuters) – Australia’s competition watchdog for the first time has urged the government to curb liquefied natural gas (LNG) exports,......

U.S. sues to stop Facebook from buying virtual reality firm Within

Reuters
WASHINGTON, July 27 (Reuters) – The U.S. Federal Trade Commission sought a court order on Wednesday to block Facebook parent Meta Platforms (META.O) from buying virtual reality (VR) content maker Within Unlimited. The FTC, in a request filed on Wednesday in federal court in San Francisco for a temporary restraining......

Exclusive: EU likely to bolster Apple probe with new evidence, no new charges – sources

Reuters
BRUSSELS, July 20 (Reuters) – EU antitrust regulators are set to beef up an investigation into Apple (AAPL.O), triggered by Spotify (SPOT.N), with new evidence but not new charges, in the hope of speeding up the case, people familiar with the matter said. The European Commission last year told the......

U.S. panel rejects duties on fertilizers from Russia, Trinidad and Tobago

Reuters
Signage is seen outside of the U.S. International Trade Commission in Washington, D.C., U.S., August 31, 2020. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register WASHINGTON, July 18 (Reuters) – The U.S. International Trade Commission revoked hefty anti-dumping and anti-subsidy duties on urea ammonium nitrate fertilizers from......

German competition authority looking into oil, petrol prices

Reuters
A diesel fuel nozzle is seen attached to a car at a Shell petrol station in Berlin, Germany October 22, 2018. REUTERS/Fabrizio Bensch Register now for FREE unlimited access to Reuters.com Register BERLIN, July 15 (Reuters) – Germany’s cartel office said it has since May been investigating the divergence between......

China regulator fines Alibaba, Tencent for disclosure violations

Reuters
SHANGHAI, July 10 (Reuters) – China has imposed fines on technology giants Alibaba (9988.HK) and Tencent (0700.HK) as well as a range of other firms for failing to comply with anti-monopoly rules on the disclosure of transactions, the country’s market regulator said on Sunday. The State Admnistration for Market Regulation......

Google offers concessions to avoid U.S. antitrust lawsuit -WSJ

Reuters
The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, July 8 (Reuters) – Alphabet Inc’s (GOOGL.O) Google has offered concessions to avoid a potential U.S.......

EXCLUSIVE Spirit to postpone Frontier deal vote as JetBlue talks progress -sources

Reuters
July 7 (Reuters) – Spirit Airlines Inc (SAVE.N) will postpone a shareholder vote scheduled for Friday on its $2.4 billion sale to Frontier Group Holdings Inc (ULCC.O) so it can continue negotiations about selling itself to JetBlue Airways Corp (JBLU.O) instead, according to people familiar with the matter. The Spirit......

Rogers, Shaw say Canada antitrust talks on deal did not result in resolution

Reuters
July 6 (Reuters) – Rogers Communications (RCIb.TO) said on Wednesday talks with Canada’s antitrust authority to discuss possible remedies to the blocked C$20 billion ($15.34 billion) takeover of Shaw Communications (SJRb.TO) did not result in a resolution. Shares of Rogers were down 1.77% at C$61.99 at midmorning Shaw was down......

EU lawmakers pass landmark tech rules, but enforcement a worry

Reuters
BRUSSELS, July 5 (Reuters) – EU lawmakers gave the thumbs up on Tuesday to landmark rules to rein in tech giants such as Alphabet (GOOGL.O) unit Google, Amazon (AMZN.O), Apple (AAPL.O), Facebook and Microsoft (MSFT.O), but enforcement could be hampered by regulators’ limited resources. In addition to the rules known......

Australia’s Link rejects Dye & Durham’s lower offer, but keeps door open

Reuters
July 4 (Reuters) – Australia’s Link Administration (LNK.AX) said on Monday it will not recommend Canadian cloud-based software firm Dye & Durham Ltd’s (DND.TO) lowered takeover bid but agreed to continue to engage with it on hopes of securing a better offer. Last week, Dye & Durham (D&D) cut its......

Google faces antitrust complaint by Danish job-search rival

Reuters
BRUSSELS, June 27 (Reuters) – Google faces an antitrust complaint on Monday by Danish online job-search rival Jobindex, whichtold European Union regulators the Alphabet-owned (GOOGL.O) business had allegedly unfairly favoured its own job-search service. The complaint could reinvigorate EU antitrust chief Margrethe Vestager’s scrutiny of the service, Google for Jobs.......

Frontier raises offer for Spirit to stave off JetBlue’s bid

Reuters
A logo of low cost carrier Spirit Airlines is pictured on an Airbus plane in Colomiers near Toulouse, France, November 6, 2018. REUTERS/Regis Duvignau//File Photo Register now for FREE unlimited access to Reuters.com Register June 24 (Reuters) – Spirit Airlines Inc (SAVE.N) on Friday urged its shareholders to back a......

Canada’s Rogers, Shaw, watchdog agree to start mediation over C$20 bln deal

Reuters
General view of the Rogers Building, quarters of Rogers Communications in Toronto, Ontario, Canada October 22, 2021. REUTERS/Carlos Osorio Register now for FREE unlimited access to Reuters.com Register TORONTO, June 24 (Reuters) – Rogers Communications Inc (RCIb.TO), Shaw Communications Inc (SJRb.TO) and Canada’s competition bureau have agreed to start a......

Samsung Australia fined $9.7 mln over false water-resistance claims

Reuters
A woman tries out a Samsung Electronics’ Galaxy Note 8 at its store in Seoul, South Korea, October 11, 2017. REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com Register June 23 (Reuters) – Australia’s competition regulator said on Thursday a court ordered the local unit of Samsung Electronics......

Big Tech bill advocates and critics keep pressure on U.S. lawmakers

Reuters
The logos of Amazon, Apple, Facebook and Google in a combination photo/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, June 21 (Reuters) – Supporters of a U.S. bill aimed at reining in Big Tech platforms like Amazon.com (AMZN.O) and Alphabet’s Google (GOOGL.O) have flooded lawmakers with......

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