Competition

  • May 8, 2007

    Alcoa's $33B Bid For Rival Likely To Draw Scrutiny

    Alcoa Inc. has made an unsolicited $33 billion bid to take over rival Alcan Inc. in a merger that would require approval from a number of international regulators and would likely force the leading aluminum maker to sell some of its assets in overlapping industries.

  • May 8, 2007

    New Report Details Real Estate Competition Worries

    After years of scrutinizing the real estate market, the U.S. Department of Justice and the Federal Trade Commission have issued a joint report attacking the obstacles to competition that still exist in the industry, laying part of the blame at the feet of the National Association of Realtors.

  • May 9, 2007

    Senate Panel OKs Hike In Fuel Economy Standards

    A bill to hike the country’s fuel economy standards from cars and light trucks, which includes a measure to ban price-gouging at the gas pump, has cleared its first hurdle, passing the Senate Commerce Committee.

  • May 8, 2007

    Mortgage Lenders May Pay $48M In Antitrust Case

    NovaStar Financial Inc. and two smaller lenders may have to shell out as much as $48 million in damages after a California jury found that they conspired to pressure a popular mortgage shopping Web site to drop one of their competitors from the site.

  • May 7, 2007

    Hospital Operator Seeks Transfer Of Antitrust Suit

    A hospital operator that has been targeted in an antitrust suit alleging it conspired to “destroy” an affiliated doctor’s radiology practice has asked that the case be transferred to federal court.

  • May 7, 2007

    Japan FTC Probes Rubber Hose Makers

    Advancing an international investigation into price fixing in the rubber hose industry, Japan’s Fair Trade Commission on Monday raided Bridgestone Corp. and Yokohama Rubber Co. for suspected anticompetitive activities.

  • May 7, 2007

    Study: Bill Could Drive Up Drug Costs by Billions

    An association representing pharmacy benefit managers has released a study warning that a bill recently introduced to Congress would loosen antitrust laws and hand the independent drugstore lobby a “license to collude,” thus driving up health care costs by billions of dollars.

  • May 7, 2007

    SmithField Foods Merger Gets DOJ Approval

    Despite months of outcry from farmers and senators alike, the U.S. Department of Justice’s Antitrust Division has dismissed its investigation into pork producer Smithfield Foods Inc.’s bid to purchase its top rival, ruling that the proposed $810 million union would not harm competition.

  • May 7, 2007

    Judge Certifies Class Of Comcast Customers

    A judge has certified a Philadelphia class in an antitrust suit that alleges Comcast Corp. established a monopoly in the region.

  • May 7, 2007

    Antitrust Probes Mounting For Siemens

    Antitrust probes into German engineering giant Siemens AG continue to mount, with competition authorities in Poland and France launching separate investigations into the company’s practices regarding its health and transportation technology.

  • May 4, 2007

    EU Examines Travelport's Takeover Of Worldspan

    The European Commission said Thursday that it would investigate online travel company Travelport Inc.’s proposed $1.4 billion acquisition of rival Worldspan LP, claiming the deal may limit competition within the European travel industry.

  • May 4, 2007

    Microsoft Challenges Attorneys' Fees Request

    Microsoft Corp. has objected to a request for $75.5 million in fees from attorneys for the plaintiffs in a recently settled antitrust class action against the software giant in Iowa.

  • May 4, 2007

    Tobacco Co. To Pay $94M To Snuff Antitrust Suit

    A Connecticut-based smokeless tobacco and wine company has agreed to cough up $93.6 million to settle what the company has described as its last significant indirect purchaser antitrust case.

  • May 3, 2007

    Costa Rican President Promises Privatization

    The president of Costa Rica has promised to break up state monopolies and open the country’s energy, telecommunications and insurance markets, regardless of whether the country's citizens vote in favor of the divisive Central America Free Trade Agreement.

  • May 3, 2007

    Authorities Topple Price-Fixing Cartel

    The U.S. Department of Justice announced the arrest of eight executives Tuesday as part of a worldwide crackdown on price-fixing for marine hoses, which are used to load and unload oil from tankers.

  • May 3, 2007

    Telstra Prepares To Lash Out Over Broadband Policy

    Angry over the Australian antitrust regulator’s perceived interference, Telstra has threatened to fight back with an advertising campaign criticizing the Australian government’s broadband regulatory policy.

  • May 3, 2007

    College Alumni Groups Subpoenaed In Loan Probe

    New York State Attorney General Andrew Cuomo on Thursday disclosed a probe of college alumni associations, marking a new strategy in his efforts to put a stop to deceptive practices in the student loan industry.

  • May 4, 2007

    Senate Takes Another Aim At Gas Price-Gouging

    With Americans paying near record gasoline prices, a new Senate bill aims to ban price gouging at the pump and give the U.S. government new authority to go after law-breaking companies.

  • May 3, 2007

    WilmerHale Swipes Antitrust Director From Cisco

    WilmerHale has netted the former antitrust director at Cisco Systems Inc. so the firm can draw on his expertise in the technology and communication industries as it expands its antitrust presence on the West Coast.

  • May 2, 2007

    Hospital Charged With Anti-Competitive Conduct

    A women’s clinic based in Salem, Ore. filed suit against Salem Hospital Tuesday, alleging the hospital engaged in anti-competitive behavior by severing ties with the clinic and not allowing clinic doctors to also work at the hospital.