David's Feed
Mar 5, 2014

In U.S. mergers, no one waits for this waiting period

WASHINGTON (Reuters) – Sometime soon, maybe in the next month or so, a federal judge is expected to decide whether the creation of the world’s biggest passenger airline, as envisioned by two companies and the U.S. Justice Department, was really a good idea.

But even if she decides to give the merger a thumbs down, an unlikely outcome that would shake investors and the public, it might be too late for her to do much anyway.

Mar 4, 2014

Obama asks Congress for money to prevent mass shootings

WASHINGTON (Reuters) – U.S. President Barack Obama returned to the subject of mass shootings on Tuesday by proposing to spend millions of dollars more on gun safety programs, inspections of retailers and background checks for people buying firearms.

If enacted by a U.S. Congress that has been wary of gun control measures, the $182 million package would advance an issue that rose to the top of the national agenda after the December 2012 shooting of 20 children and six adults at a Newtown, Connecticut, elementary school.

Feb 27, 2014

U.S. attorney general released from hospital: spokeswoman

WASHINGTON (Reuters) – U.S. Attorney General Eric Holder was resting at home after he was released from a Washington, D.C., hospital on Thursday, about three hours after he was taken there complaining of faintness and shortness of breath, a spokeswoman said.

Holder, 63, fell ill during a morning meeting but was in good condition, according to an earlier statement from the Justice Department. Details on what might have caused the illness were not immediately released, but the spokeswoman said Holder never lost consciousness.

Feb 25, 2014

U.S. states do not have to defend gay marriage bans: Holder

WASHINGTON (Reuters) – The Obama administration on Tuesday offered verbal support to U.S. state officials who decline to defend their own states’ bans on same-sex marriage, entering cautiously into legal fights that are playing out across the United States.

U.S. Attorney General Eric Holder spoke to a conference of state attorneys general less than a week after Oregon’s attorney general said her office would cease its defense in federal court of the state’s gay marriage ban, a decision that followed similar moves by her counterparts in Nevada, Pennsylvania and Virginia.

Feb 24, 2014

Extradition of Mexican drug kingpin could take months or years

WASHINGTON (Reuters) – It could take months or even years for American and Mexican authorities to work out details of extraditing captured Mexican drug cartel boss Joaquin “Shorty” Guzman to the United States, U.S. officials said on Monday.

First of all, the Mexican and U.S. governments will have to conduct delicate negotiations, involving the U.S. State Department and law enforcement agencies, over whether and how an extradition should proceed, the officials said.

Feb 21, 2014

Not a typo, monopsony in spotlight in U.S. cable deal

WASHINGTON (Reuters) – If U.S. antitrust enforcers decide to challenge the proposed $45 billion merger of Comcast Corp and Time Warner Cable Inc, it may be because of an idea with a funny-sounding name that has been gaining currency in government offices.

The idea is monopsony power, the mirror image of the better-known monopoly power but a concept that is just as old.

Feb 21, 2014

Analysis – Not a typo, monopsony in spotlight in U.S. cable deal

WASHINGTON (Reuters) – If U.S. antitrust enforcers decide to challenge the proposed $45 billion merger of Comcast Corp (CMCSA.O: Quote, Profile, Research) and Time Warner Cable Inc (TWC.N: Quote, Profile, Research), it may be because of an idea with a funny-sounding name that has been gaining currency in government offices.

The idea is monopsony power, the mirror image of the better-known monopoly power but a concept that is just as old.

Feb 14, 2014

Comcast turns to Davis Polk for Time Warner Cable merger

WASHINGTON, Feb 14 (Reuters) – Comcast Corp will
again be working with its longtime antitrust counsel at Davis
Polk & Wardwell, as the communications and entertainment group
seeks to navigate the U.S. approval process to merge with rival
Time Warner Cable Inc.

Comcast has used the New York-based law firm repeatedly for
antitrust matters, most notably its successful bid to buy a
majority of NBC Universal from General Electric Co. A
team of Davis Polk lawyers helped win U.S. Justice Department
approval for that deal in January 2011.

Feb 14, 2014

U.S. to let banks do business with licensed pot shops

WASHINGTON (Reuters) – The Obama administration made it easier on Friday for banks to do business with licensed marijuana companies with less fear of prosecution, further encouraging U.S. states that are experimenting with legalization of the drug.

The Justice and Treasury departments were in the process of outlining the policy in writing to federal prosecutors and financial institutions. The guidance would stop short of promising immunity for banks, but make clear that criminal prosecution for money laundering and other crimes was unlikely if they met a series of conditions, officials said.

Feb 14, 2014

Comcast again turns to Davis Polk for Time Warner antitrust case

WASHINGTON (Reuters) – Comcast Corp (CMCSA.O: Quote, Profile, Research, Stock Buzz) will again be working with its longtime antitrust counsel at Davis Polk & Wardwell, as the communications and entertainment group seeks to navigate the U.S. approval process to merge with rival Time Warner Cable Inc (TWC.N: Quote, Profile, Research, Stock Buzz).

Comcast has used the New York-based law firm repeatedly for antitrust matters, most notably its successful bid beginning in 2009 to buy a majority of NBC Universal from General Electric Co (GE.N: Quote, Profile, Research, Stock Buzz). A team of Davis Polk lawyers helped win U.S. Justice Department approval for that deal in January 2011.