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December 11, 2019
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Monopolies / Antitrust Issues

Reuters - Business

Testimony begins in U.S. states’ lawsuit to block T-Mobile/Sprint deal

Reuters
NEW YORK (Reuters) – Witness testimony began Monday over an effort by U.S. state attorneys general to stop T-Mobile US Inc (TMUS.O) from buying Sprint Corp (S.N), in a case that highlights disagreements between federal antitrust enforcers, who are Republican, and Democrats in powerful states. Attorneys for the 13 states...
Reuters - Business

Exclusive: Hyundai’s $1.8 billion deal with Daewoo faces EU probe – sources

Reuters
FILE PHOTO: Giant cranes of Hyundai Heavy Industries are seen in Ulsan, South Korea, May 29, 2018. Picture taken on May 29, 2018. REUTERS/Kim Hong-Ji BRUSSELS (Reuters) – World No. 1 shipbuilding group Hyundai Heavy Industries Holdings Co Ltd’s (267250.KS) $1.8 billion merger with rival shipbuilder Daewoo is expected to...
Reuters - Business

Trial begins in U.S. states’ effort to block T-Mobile/Sprint deal

Reuters
WASHINGTON (Reuters) – U.S. state attorneys general, led by New York and California, deliver opening arguments Monday in a bid to stop T-Mobile U.S. from buying Sprint Corp in a trial that highlights disagreements between federal antitrust enforcers, who are Republican, and Democrats in powerful states. FILE PHOTO: A T-Mobile...
Reuters - Business

JPMorgan banker testifying for cartel prosecutors says there was no agreement

Reuters
SYDNEY (Reuters) – A prosecution witness in an Australian criminal cartel case against Citigroup Inc (C.N) and Deutsche Bank AG (DBKGn.DE) said on Friday that the banks never colluded, but that he helped a regulator build its case to get immunity. FILE PHOTO: A sign outside the headquarters of JP...
Reuters - Business

JPMorgan banker says he spent a year meeting regulator in Australian cartel case

Reuters
SYDNEY (Reuters) – A senior JPMorgan Chase & Co (JPM.N) banker spent over a year in meetings with the Australian antitrust regulator before signing a statement that would be used to bring criminal cartel charges against two rival banks and their executives, a court heard on Friday. FILE PHOTO: A...
Reuters - Business

Amazon faces U.S. antitrust scrutiny on cloud business: Bloomberg

Reuters
FILE PHOTO: The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. REUTERS/Brendan McDermid (Reuters) – U.S. Federal Trade Commission (FTC) has broadened its scrutiny of Amazon.com Inc beyond retail operations to include its cloud-computing business, Bloomberg...
Reuters - Business

BMW sues air conditioning suppliers over price fixing

Reuters
FILE PHOTO: BMW i8 is displayed at the LA Auto Show in Los Angeles, California, U.S., November 20, 2019. REUTERS/Lucy Nicholson BERLIN (Reuters) – BMW is suing two of its suppliers over price fixing on air conditioning components, the German carmaker said on Wednesday. The case was first reported in...
Reuters - Business

Britain’s competition watchdog reviewing Google’s Looker buyout deal

Reuters
FILE PHOTO: The Google logo is pictured at the entrance to the Google offices in London, Britain January 18, 2019. REUTERS/Hannah McKay/File Photo (Reuters) – Britain’s competition watchdog on Monday said it was probing Google’s $2.6 billion buyout of privately held big-data analytics firm Looker Data Sciences. The Competition and...
Reuters - Business

Exclusive: EU antitrust regulators say they are investigating Google’s data collection

Reuters
FILE PHOTO: A man passes a Google signage outside their office in Singapore May 24, 2019. REUTERS/Edgar Su/File Photo BRUSSELS (Reuters) – EU antitrust regulators are investigating Google’s collection of data, the European Commission told Reuters on Saturday, suggesting the world’s most popular internet search engine remains in its sights...
Reuters - Business

Connected car prices may rise if Qualcomm wins antitrust case: auto makers

Reuters
(Reuters) – The cost of cars equipped with ultra-fast 5G wireless technology is likely to go up if microchip supplier Qualcomm Inc’s (QCOM.O) patent licensing practices fail to change, a trade group representing major automakers and two leading automotive suppliers said in court filings on Friday. FILE PHOTO: Computer chip...
Reuters - Business

Nokia says working to end patent licensing row with Daimler, others

Reuters
BRUSSELS (Reuters) – Nokia (NOKIA.HE) said on Friday it was working to end a row with Germany’s Daimler (DAIGn.DE) and other firms which have complained to the EU antitrust regulators about the level of fees charged for technology patents from the Finnish company. FILE PHOTO: Visitors gather outside the Nokia...
Reuters - Business

Axel Springer unit, others say Google still playing unfairly, want EU to act

Reuters
BRUSSELS (Reuters) – Axel Springer’s (SPRGn.DE) price-comparison shopping service Idealo and 40 other European peers have accused Alphabet Inc’s Google (GOOGL.O) of tilting the playing field in its favor and urged EU antitrust regulators to enforce a ruling against the company. The joint call by the group ratchets up pressure...
Reuters - Business

U.S. Justice Department closes antitrust probe over wireless carrier-switching technology

Reuters
WASHINGTON (Reuters) – The Justice Department has closed an antitrust investigation into a trade group that includes Verizon (VZ.N) and AT&T (T.N) among its members and which had been criticized for making it harder for consumers to switch carriers. FILE PHOTO: A general view of the Department of Justice building...
Reuters - Business

EU countries back tough line on 5G suppliers in potential blow to Huawei

Reuters
FILE PHOTO: A sign for 5G is seen at the World 5G Exhibition in Beijing, China November 22, 2019. REUTERS/Jason Lee/File Photo BRUSSELS (Reuters) – EU countries on Friday endorsed a tough line for selecting 5G suppliers, including vetting the domestic legal framework to which they are subjected, potentially dealing...
Reuters - Business

Charles Schwab in advanced talks to buy TD Ameritrade: source

Reuters
(Reuters) – Charles Schwab Corp (SCHW.N) is in advanced talks to acquire TD Ameritrade Holding Corp (AMTD.O), a person familiar with the matter said on Thursday, in a deal that could exceed $26 billion and combine the two largest U.S. discount brokerages. The companies are hoping their combination, which is...
Reuters - Business

Charles Schwab in talks to buy smaller rival TD Ameritrade: CNBC

Reuters
(Reuters) – Charles Schwab Corp (SCHW.N), the largest discount broker in the U.S. financial world, is in talks to buy rival TD Ameritrade (AMTD.O), CNBC reported on Thursday, as profits in the industry come under pressure from a shift to zero commission. FILE PHOTO: A man walks near the Charles...
Reuters - Business

Apple, Intel file antitrust case against SoftBank-owned firm over patent practices

Reuters
FILE PHOTO: The Apple Inc. logo is seen hanging at the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar/File Photo SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) and Intel Corp (INTC.O) on Wednesday filed an antitrust lawsuit against Fortress Investment Group, alleging the...
Reuters - Business

U.S. watchdog backs Bezos’ protest over key Pentagon launch program

Reuters
WASHINGTON (Reuters) – A U.S. watchdog on Monday backed a protest from Jeff Bezos’ space company that challenged the Pentagon’s military space launch procurement strategy, showing support for one of the Amazon billionaire’s disputes with major agency procurement programs. FILE PHOTO: Founder, Chairman, CEO and President of Amazon Jeff Bezos...
Reuters - Business

Bristol-Myers Squibb wins antitrust approval to buy Celgene, but must divest psoriasis drug

Reuters
FILE PHOTO: Logo of global biopharmaceutical company Bristol-Myers Squibb is pictured on the blouse of an employee in Le Passage, near Agen, France March 29, 2018. REUTERS/Regis Duvignau WASHINGTON (Reuters) – Bristol-Myers Squibb Co and Celgene Corp have won U.S. antitrust approval for their merger on condition that they sell...
Reuters - Business

Boeing received ‘unnecessary’ contract boost for astronaut capsule, watchdog says

Reuters
FILE PHOTO: The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. Picture taken August 14, 2018. REUTERS/Paulo Whitaker WASHINGTON (Reuters) – Boeing’s multibillion dollar contract to build U.S. astronaut capsules received an “unnecessary”...

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