Competition

  • April 23, 2007

    U.K. Antitrust Regulator Closes Case Against LME

    The U.K.’s Office of Fair Trading has ended an antitrust investigation into the London Metal Exchange, saying the case was no longer a priority for the competition watchdog.

  • April 23, 2007

    DOJ To Investigate Barclays/ABN Amro Merger

    The U.S. Department of Justice will reportedly investigate the proposed $91 billion merger of Dutch bank ABN Amro Holding NV and British counterpart Barclays Plc.

  • April 23, 2007

    Air Cargo Suits Ground Carriers In Court

    On the heels of international air cargo cartel investigations conducted last year by competition officials, a massive wave of antitrust lawsuits has topped off, leaving airlines and shipping companies set for a courtroom showdown in the upcoming months.

  • April 20, 2007

    Microsoft Says It Will Meet EU Antitrust Deadline

    Microsoft Corp. will avoid a €3 million-a-day fine from the European Commission by meeting a Monday deadline to respond to antitrust charges regarding its Windows operating system, the software giant said Friday.

  • April 20, 2007

    Germany Aims Competition Reforms At Energy Sector

    In the midst of skyrocketing energy prices in Europe, the German government is reportedly set to approve changes to the country’s competition laws that would give regulators more power to crack down on excessive pricing by energy firms.

  • April 20, 2007

    Fuji Vows To Fight Power Generation Cartel Fine

    Fuji Electric Holdings Co. has joined the growing list of companies that are seeking to appeal a massive €751 million fine handed down by the European Union in retaliation for their alleged participation in an electricity-transmission technology cartel.

  • April 20, 2007

    Spain Wants Power To Veto Enel Decisions

    Italian power company Enel, a 25% stakeholder in Spanish energy provider Endesa, may not have as much control over the company as it would like. Spain’s energy regulator recommended that the Spanish government be given the power to veto any Enel decisions made regarding Endesa.

  • April 20, 2007

    Report Targets EU Electricity Market Condensation

    The European wholesale electricity market is not “functioning properly,” and prices are substantially higher than they would be in a more competitive world, according to a study released Friday.

  • April 19, 2007

    Don't Meddle With Bank Buyout, EU Tells Netherlands

    The European Commission on Thursday warned the Netherlands not to interfere in the bidding war over Dutch bank ABN Amro Holding N.V., a move that would violate new Commission laws on cross-border acquisitions.

  • April 19, 2007

    Japan's FTC Raids Steel Pipe Construction Cos.

    Three Japanese steel companies were raided Thursday by regulators over their suspected involvement in rigging bids for steel gas pipeline construction projects.

  • April 19, 2007

    DOJ Files Charge In Blinds Price-Fixing Probe

    A former president of a Canadian window blinds slat manufacturer has become the first person charged in a U.S. Department of Justice investigation into alleged collusive activity in the industry.

  • April 19, 2007

    Petrobras To Appeal Antitrust Decision On Ipiranga

    A group led by Brazilian oil company Petroleo Brasileiro will appeal a recent antitrust ruling that prevents it from changing petrochemical company Companhia Brasileira de Petroleo Ipiranga in any way before regulatory approval of its buyout deal.

  • April 19, 2007

    Sixth Samsung Exec Admits To Role In DRAM Scam

    An executive from South Korean electronics maker Samsung on Thursday pled guilty to fixing prices for memory chips, the sixth company manager to fess up to participating in the worldwide conspiracy, the investigation into which has so far netted four companies and 18 employees.

  • April 19, 2007

    Potential Bid For ABN Amro Raises Concerns In U.S.

    If ABN Amro Holding NV accepts a potential takeover bid by the Royal Bank of Scotland Group PLC, their combined U.S. operations could create an anti-competitive market share in the U.S. banking sector, according to analysts.

  • April 19, 2007

    DOJ Requires Railroad Component Divestiture

    Alleging anti-competitive conduct, the U.S. Department of Justice has forced industrial component company Amsted Industries Inc. to divest certain assets resulting from its 2005 acquisition of FM Industries.

  • April 19, 2007

    Drexel Is First College Sued In Student Lending Probe

    Philadelphia’s Drexel University will be the first college to face a lawsuit brought by New York Attorney General Andrew Cuomo in his ongoing probe into the $85-billion-a-year student loan industry.

  • April 18, 2007

    DOJ Official Says Reverse Payments Not Illegal

    A top Department of Justice official said Wednesday that the agency disagreed with the stance the Federal Trade Commission has taken against authorized generics and reverse payments.

  • April 18, 2007

    India May Change Rules For Mittal Investment: Report

    Indian government officials are reportedly set to do some regulatory shuffling in order to enable the investment holding arm of Mittal Steel to pick up a 49% stake in a proposed refinery joint venture with state-run Hindustan Petroleum Corp., India’s second-largest oil company.

  • April 18, 2007

    Universal, BMG Merge Approval Imminent: Source

    Universal Music Group may not have to wait much longer to buy BMG Music Publishing from Bertelsmann now that the EU antitrust officials reviewing the acquisition have reportedly backed the $2.1 billion marriage.

  • April 18, 2007

    Hitachi Issues Objection To Switchgear Cartel Fine

    Smacked with a €51.8 million fine, Japan's Hitachi Ltd. has decided to appeal the massive penalty handed down by the European Commission stemming from its alleged involvement in an electricity-transmission technology cartel.