WASHINGTON (Reuters) – Verisk Analytics’ said on
Tuesday it would scrap its plan to buy EagleView Technology Corp
because the Federal Trade Commission said it would file a
lawsuit to block the deal.
If the merger were to have gone forward, the new firm would
have had a virtual monopoly in the market for helping insurance
companies to figure out what it will cost to fix damaged roofs,
the FTC said.
WASHINGTON (Reuters) – Minnesota’s attorney general expressed concern about the merger of food distribution giants Sysco Corp and US Foods [USFOO.UL], saying it was questionable whether any divestiture could restore competition lost in the transaction.
Minnesota Attorney General Lori Swanson said in a Dec. 10 letter that her office had heard complaints from Minnesota-based restaurants that the $3.5 billion acquisition would leave them “fewer choices among distributors and potentially resulting in higher prices for consumers.”
WASHINGTON (Reuters) – Minnesota’s attorney general has
expressed concern about the merger of food distribution giants
Sysco Corp and US Foods, saying it was questionable whether any
divestiture could restore competition lost to the transaction.
Minnesota Attorney General Lori Swanson said in a Dec. 10
letter that her office had heard complaints from Minnesota-based
restaurants that the $3.5 billion acquisition would leave them
“fewer choices among distributors and potentially resulting in
higher prices for consumers.”
WASHINGTON/TORONTO (Reuters) – German auto supplier
Continental AG won both U.S. and Canadian antitrust
approval to buy Veyance Technologies, a U.S.-based maker of
industrial hoses and belting, on condition that it sells certain
assets, regulators said on Thursday.
The U.S. Department of Justice said it approved the proposed
1.4 billion euro ($1.73 billion) deal for Ohio-based Veyance if
Veyance sold its North American commercial vehicle air springs
WASHINGTON, Dec 11 (Reuters) – Pennsylvania’s two U.S.
senators urged regulators on Thursday to approve “as soon as
possible” Comcast’s plan to merge with Time Warner Cable, saying
there were many potential benefits from the proposed tie-up that
is opposed by some consumer groups and rival companies.
Senators Bob Casey, a Democrat, and Pat Toomey, a Republican
noted that Pennsylvania-based Comcast Corp has pledged
to speed up Internet speeds for Time Warner Cable customers.
Their letter to Federal Communications Commission Chairman Tom
Wheeler also cited the potential for additional jobs and
charitable contributions in their state by the larger company.
WASHINGTON (Reuters) – President Barack Obama’s nominee to
head the U.S. Patent and Trademark Office pledged on Wednesday
to tackle a backlog of unexamined patents and push forward with
plans to improve patent quality though no confirmation vote is
expected this year.
Michelle Lee, acting director of the USPTO, told lawmakers
the agency would continue increasing the number of examiners
after hiring 1,000 this year, and press on with a process that
allows anyone to ask that a patent be declared invalid.
WASHINGTON (Reuters) – Network equipment maker Cisco Systems
Inc filed two lawsuits on Friday against Arista
Networks Inc, accusing the smaller rival of copying its
The lawsuits, filed in a federal court in California, accuse
Arista of infringing on 14 patents on networks and also on
related copyrights, Cisco General Counsel Mark Chandler said in
a blog post.
WASHINGTON, Nov 19 (Reuters) – A federal court has
temporarily shut down a U.S. technology telemarketing operation
accused of bilking customers of $120 million, while also
ordering the freezing of assets of telemarketers and their
The Federal Trade Commission said on Wednesday that it
successfully asked a federal court in Florida to shut down Boost
Software and its related operation, Vast Tech Support.
WASHINGTON, Nov 19 (Reuters) – Credit monitoring company One
Technologies LP will refund $22 million to customers to settle
U.S government allegations that its websites inadequately
disclosed its charges for credit scores, the two sides said on
A draft complaint from the U.S. Federal Trade Commission
alleged that the Dallas-based privately held company advertised
free access to credit scores but charged customers $29.95 per
month. At least 210,000 people have complained about One
Technologies’ practices since 2008, the FTC said in the
WASHINGTON, Nov 18 (Reuters) – The U.S. Patent and Trademark
Office has tightened supervision of patent examiners who work
full-time from home, an official said on Tuesday, but critics in
Congress questioned whether the office was not going far enough
to curb abuse.
The estimated 5,000 patent examiners who work from home full
time must now be available electronically when they are on duty,
among other changes, Margaret Focarino, commissioner for patents
at the USPTO, said in testimony prepared for a hearing.