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February 26, 2020
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Reuters - Business

EU extends EssilorLuxottica, GrandVision antitrust investigation to July 6

Reuters
FILE PHOTO: Sunglasses from Ray Ban, a Luxottica owned brand, are on display at an optician shop in Hanau, Germany, March 18, 2016. REUTERS/Kai Pfaffenbach/File Photo BRUSSELS (Reuters) – EU antitrust regulators on Tuesday extended their investigation into Ray-Ban maker EssilorLuxottica’s (ESLX.PA) 7.2 billion-euro ($7.8 billion) bid for Dutch opticians......
Reuters - Business

Consumer groups, unions oppose fix for planned merger of AbbVie and Allergan

Reuters
FILE PHOTO: A screen displays the share price for pharmaceutical maker AbbVie on the floor of the New York Stock Exchange July 18, 2014. REUTERS/Brendan McDermid WASHINGTON (Reuters) – A group of unions and consumer groups wrote to U.S. antitrust enforcers on Tuesday to oppose a proposed remedy that could......
Reuters - Business

Alstom, Bombardier shares fall after $6.7 billion rail deal

Reuters
PARIS/MONTREAL (Reuters) – Shares of Alstom SA (ALSO.PA) and Bombardier Inc (BBDb.TO) fell on Tuesday after the French firm agreed to buy its Canadian rival’s rail division for up to 6.2 billion euros ($6.7 billion), a deal likely to draw scrutiny from competition regulators and unions concerned about job cuts.......
Reuters - Business

EU industry chief tells Facebook to adapt to EU, not other way round

Reuters
BRUSSELS (Reuters) – EU industry commissioner Thierry Breton said on Monday it was for Facebook to adapt to Europe’s standards, not the other way round, as he criticized the U.S. social media giant’s proposed internet rules as insufficient. The blunt comments came after a short meeting with Facebook CEO Mark......
Reuters - Business

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......
Reuters - Business

Facebook sees risks to innovation, freedom of expression ahead of EU rules

Reuters
BRUSSELS (Reuters) – Facebook warned of threats to innovation and freedom of expression on Monday, ahead of the release of a raft of rules by the European Union this week and in the coming months to rein in U.S. and Chinese tech companies. Facebook Chairman and CEO Mark Zuckerberg meets......
Reuters - Business

Facebook warns of risks to innovation, freedom of expression ahead of EU rules

Reuters
Facebook Chairman and CEO Mark Zuckerberg meets with European Commissioner for Values and Transparency Vera Jourova at the EU Commission headquarters in Brussels, Belgium February 17, 2020. REUTERS/Yves Herman BRUSSELS (Reuters) – Facebook warned of threats to innovation and freedom of expression on Monday, ahead of the release of a......
Reuters - Business

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......
Reuters - Business

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......
Reuters - Business

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......
Reuters - Business

New UK business minister urged to move fast on audit reform

Reuters
LONDON (Reuters) – Britain’s new business minister Alok Sharma was urged on Friday to come forward as soon as possible with a draft law to create a more powerful accounting watchdog. Britain’s Secretary of State for Business, Energy and Industrial Strategy Alok Sharma is seen outside Downing Street in London,......
Reuters - Business

Exclusive: Jet buyers back Boeing-Embraer deal as Airbus expands reach

Reuters
SINGAPORE (Reuters) – Some of the world’s biggest aircraft buyers are urging the European Union to clear Boeing’s tie-up with Embraer, fearing Embraer’s commercial aviation business would struggle on its own now Airbus has swallowed its main competitor in regional jets. FILE PHOTO: An Embraer E-190 E2 aircraft featuring a......
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 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.......
Reuters - Business

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......
Reuters - Business

Exclusive: Thyssenkrupp-Kone elevator merger would trigger legal war – Schindler

Reuters
FRANKFURT/DUESSELDORF, Germany (Reuters) – Swiss elevator maker Schindler (SCHP.S) would embark on an all-out antitrust offensive in the courts to stall any deal to combine Thyssenkrupp’s (TKAG.DE) lift division with rival Kone (KNEBV.HE), board member Alfred Schindler told Reuters. FILE PHOTO: Thyssenkrupp’s elevator test tower is pictured in Rottweil, Germany,......
Reuters - Business

SoftBank stock surges to seven-month high after judge OKs Sprint-T-Mobile merger

Reuters
TOKYO (Reuters) – SoftBank Group Corp (9984.T) stock surged to its highest price in over half a year in Tokyo on Wednesday, after a U.S. federal judge rejected an antitrust challenge to the proposed takeover of subsidiary Sprint Corp (S.N) by T-Mobile US Inc (TMUS.O). FILE PHOTO: People walk behind......
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......
Reuters - Business

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......
Reuters - Business

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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