The European Union's antitrust watchdog on Tuesday slapped Google Inc. with a record €2.4 billion ($2.72 billion) fine over practices related to its shopping service, launching an opening salvo in what is sure to be a drawn-out conflict that will exacerbate perceptions U.S. companies are being unfairly targeted by overseas enforcers.
A merger between newsprint manufacturers Abitibi-Consolidated Inc. and Bowater Inc. has attracted the attention of the Department of Justice, which will possibly investigate not only the two companies, but may search for evidence of illegal cartels in the entire paper industry.
Italian telecommunications giant Telecom Italia SpA will have to pay €60 million ($77.5 million) to a competing Internet broadband provider for allegedly blocking its fixed-line access to some 11,000 customers.
The French National Assembly will not debate a controversial proposal to introduce class action litigation in the country, after lawmakers removed the legislation from the Assembly’s schedule.
Comcast Corp. has asked the commissioners of the Federal Communications Commission to exempt the cable company from new regulations regarding set-top boxes, weeks after the agency's "fatally flawed" rejection of the cable company's original application.
The European Union’s second-highest court has upheld a fined levied against France Telecom for allegedly engaging in anti-competitive behavior, ruling that the company must pay the €10.35 million penalty.
A merger between pharmaceutical benefit top guns Caremark Rx Inc. and Express Scripts Inc. would further stifle an already concentrated market and make it even harder for smaller companies to break through, an antitrust think tank warned the Federal Trade Commission on Monday.
Global Locate Inc. has filed court papers accusing SiRF Technology Inc. of violating federal antitrust laws, marking the latest salvo in a legal battle over global positioning system (GPS) technology that began when SiRF filed a patent infringement suit against Global Locate in December.
Inside sources are predicting that the European Commission will refrain from recommending a sweeping overhaul of credit card interchange fees, and will instead push for a more studied approach to reform, according to a published report.
A district court judge has rejected most of Wyeth’s requests for summary judgments in a case in which pharmacists accused two drug makers of fixing prices, forcing them to purchase medication from wholesalers and favoring some buyers over others.
The U.S. Federal Trade Commission has put the brakes on biotechnology giant Genentech Inc.’s proposed $919 million acquisition of Tanox Inc., demanding more information on the potential union before the deal proceeds.
The $1.63 billion takeover of a California refinery by Tesoro Petroleum Corp., the third-largest refiner in the United States, may incite some Western states to challenge the move as anti-competitive.
Another prison sentence has been handed down in the Indiana ready-mix concrete price-fixing scandal, with the former president of Builder’s Concrete and Supply Co. becoming the latest executive to be hit with a 14 month sentence.
Skadden Arps Slate Meagher & Flom LLP has beefed up its antitrust practice with the addition of three attorneys from Cadwalader, Wickersham & Taft LLP.
A jury has awarded a massive $404 million in a class action lawsuit brought against a West Virginia gas company for allegedly underpaying royalties and engaging in price-fixing with another company.
In a move that will loosen regulations on insurers, hairdressers, airlines, petrol pumps and many other types of businesses, the Italian government has passed a big package of measures to liberalize the market and heighten business competition across the country.
Just days before the launch of Microsoft Corp.’s new operating system, Windows Vista, a coalition of software rivals has complained to European antitrust authorities, arguing that Vista will perpetuate illegal competition practices.
On the heels of a Senate hearing to examine how airline mergers are likely to affect consumers, two U.S. senators are urging Attorney General Alberto Gonzales to make sure any potential consolidations in the industry are “carefully and thoroughly” examined before being given the green light.
As Microsoft Corp. touts the decisions of more than 1,100 individuals and businesses to opt out of the class action antitrust suit against the software giant in Iowa state court, the plaintiffs' camp is painting the opt-outs as a minor development stemming in part from personal animus over one of the lead attorney's political views.
The Federal Trade Commission has challenged a proposed $22 billion buyout deal of energy giant Kinder Morgan Inc. by a group of private equity firms, concerned over possible antitrust implications.
A federal appeals court has allowed Hydril Company LP’s antitrust and patent suit against Grant Prideco Inc. over oil drilling pipes to continue, more than a year after a district court threw out the case.