Diane's Feed
Apr 9, 2014

U.S. lawmakers press Comcast on Time Warner Cable merger

WASHINGTON (Reuters) – The U.S. Senate Judiciary Committee’s chairman on Wednesday urged Comcast Corp to extend its commitment to Internet neutrality beyond 2018 as the cable company’s executive reassured lawmakers the proposed merger with Time Warner Cable Inc would not hurt consumers.

Executives from the two largest U.S. cable providers faced the first public hearing about their proposed $45.2 billion deal, reiterating that the merger would not eliminate any choices for consumers as the two carriers do not directly compete with each other anywhere in the country.

Apr 9, 2014

Comcast, Time Warner to face lawmakers on merger plan

WASHINGTON (Reuters) – Executives from Comcast Corp (CMCSA.O: Quote, Profile, Research, Stock Buzz) and Time Warner Cable Inc (TWC.N: Quote, Profile, Research, Stock Buzz) are expected to defend their plan to merge as they go before the Senate Judiciary Committee on Wednesday, the first hearing since the $45.2-billion deal was announced in February.

The proposed merger has stirred the ire of public interest groups who worry that a bigger Comcast would have too much clout over fast-growing broadband, free rein to raise cable rates and more power over what Americans watch on television.

Apr 8, 2014

U.S. mulls impact of Comcast-TWC deal on programming: cable executive

WASHINGTON (Reuters) – Executives from Veria Living, a U.S. cable television channel, met in March with Justice Department officials who are digging into the Comcast deal to buy Time Warner Cable, even before the government was formally notified of the proposed transaction, Veria’s CEO told Reuters.

Veria chief Eric Sherman said he and other company executives met with nine Justice Department antitrust attorneys, including two trial attorneys, on March 10 for nearly 90 minutes after Veria contacted the department.

Apr 8, 2014

U.S. mulls impact of Comcast-TWC deal on programming -cable exec

WASHINGTON, April 8 (Reuters) – Executives from Veria
Living, a U.S. cable television channel, met in March with
Justice Department officials who are digging into the Comcast
deal to buy Time Warner Cable, even before the government was
formally notified of the proposed transaction, Veria’s CEO told
Reuters.

Veria chief Eric Sherman said he and other company
executives met with nine Justice Department antitrust attorneys,
including two trial attorneys, on March 10 for nearly 90 minutes
after Veria contacted the department.

Mar 27, 2014

U.S. Senate panel plans to make losers pay for frivolous patent lawsuits

WASHINGTON, March 27 (Reuters) – U.S. senators seeking to
curb frivolous patent litigation plan to add a “loser pays”
amendment into a bill that many believe has a good chance of
becoming law, a leading lawmaker said on Thursday.

The change would require parties that lose lawsuits to cover
winners’ legal bills, and is expected to deter prolonged,
frivolous and vexatious litigation. Such measures have been
pushed by big technology companies such as Google Inc
and Apple Inc.

Mar 19, 2014

Exclusive: States to probe Comcast plan to buy Time Warner Cable

WASHINGTON (Reuters) – Florida and other U.S. states will join the Justice Department in seeking to determine if Comcast’s plan to merge with Time Warner Cable is legal under U.S. antitrust law, Florida said in a statement to Reuters.

“We are part of a multistate group reviewing the proposed transaction along with the U.S. DOJ (Justice Department) Antitrust Division,” the Florida state attorney general’s office said in an emailed statement.

Mar 19, 2014

States to probe Comcast plan to buy Time Warner Cable

WASHINGTON, March 19 (Reuters) – Florida and other U.S.
states will join the Justice Department in seeking to determine
if Comcast’s plan to merge with Time Warner Cable
is legal under U.S. antitrust law, Florida said in a
statement to Reuters.

“We are part of a multistate group reviewing the proposed
transaction along with the U.S. DOJ (Justice Department)
Antitrust Division,” the Florida state attorney general’s office
said in an emailed statement.

Mar 18, 2014

Jim Beam buy helps Japan’s Suntory latch onto U.S. bourbon craze

WASHINGTON (Reuters) – If anyone should find it odd that a Japanese distillery was planning to merge with a U.S. bourbon brand steeped in the history of the American South, the answer could be found on a cocktail menu.

Suntory Pacific Ltd SUNTYA.UL won U.S. antitrust approval this month to buy Jim Beam, the No. 4 premium spirits company in the world, just as the liquor known as “America’s whiskey” is enjoying a surge in U.S. interest — and sales.

Mar 12, 2014

Herbalife says FTC opens inquiry long sought by Ackman

By Diane Bartz and Phil Wahba

(Reuters) – Herbalife Ltd said on Wednesday that the U.S. Federal Trade Commission had opened an inquiry into its operations, news that briefly sent the nutrition and weight loss company’s share price down more than 16 percent.

Billionaire investor William Ackman, who has a $1.16 billion short bet on Herbalife, has for months called on regulators to investigate Herbalife’s distribution model, which he calls a “pyramid scheme,” where a company makes most of its money by recruiting new distributors rather than selling products to real customers.

Mar 10, 2014

U.S. Justice Department, American Airlines dispute value of slots

WASHINGTON (Reuters) – The U.S. Justice Department said on Monday that American Airlines Group made $425 million by selling takeoff and landing slots at two busy East Coast airports, as required to win approval for the merger that set up the company.

The company’s chairman challenged that figure.

The department, in a routine filing, also asked a federal judge to approve with no changes the settlement it reached with US Airways and American Airlines. That settlement ended a fight over whether the government would allow the two to merge.