Diane's Feed
Apr 5, 2013

AB InBev, Justice Department are near an agreement in beer deal

WASHINGTON (Reuters) – Anheuser-Busch InBev (ABI.BR: Quote, Profile, Research, Stock Buzz) and the U.S. Justice Department have reached an agreement for a framework to settle their long-running beer brawl, and asked a court to extend a stay in the court fight until April 23, the two sides said in a court filing on Friday.

The Justice Department filed a lawsuit on January 31 aimed at stopping AB InBev, the world’s largest brewer with some 200 brands, from buying the 50 percent of Grupo Modelo (GMODELOC.MX: Quote, Profile, Research, Stock Buzz) it does not already own for $20.1 billion, saying the deal could mean higher U.S. beer prices.

Apr 5, 2013

AB InBev, Justice Dept say agreement near in beer deal

WASHINGTON, April 5 (Reuters) – Anheuser-Busch InBev
and the U.S. Justice Department said on Friday that
they have reached an agreement for a framework to settle their
long-running beer brawl, and asked a court to extend a stay in
their court fight until April 23.

The Justice Department filed a lawsuit on Jan. 31 aimed at
stopping AB InBev, the world’s largest brewer with some 200
brands, from buying the 50 percent of Grupo Modelo
it does not already own for $20.1 billion, saying the deal could
mean higher U.S. beer prices.

Mar 28, 2013

Restaurant meals for kids fail nutrition test: US consumer group

WASHINGTON, March 28 (Reuters) – The menus offered to
children by most U.S. restaurant chains have too many calories,
too much salt or fat, and often not a hint of vegetables or
fruit, according to a study by the Center for Science in the
Public Interest.

The group, which has agitated for everything from healthier
popcorn at the movies to calorie labeling in supermarkets, found
that among almost 3,500 combinations surveyed, kids’ meals
failed to meet nutritional standards 97 percent of the time.

Mar 22, 2013

Top U.S. court to decide on deals to delay cheaper drugs

WASHINGTON, March 22 (Reuters) – The U.S. Supreme Court will
hear arguments on Monday over whether big drug companies can
settle patent litigation with generic rivals by making deals to
keep cheaper products off the market.

U.S. and state regulators say the practice costs consumers,
insurers and government billions of dollars annually.

Mar 22, 2013

Microsoft did not violate Google patent: ITC judge

WASHINGTON (Reuters) – Microsoft Corp did not violate a patent owned by Google subsidiary Motorola Mobility when it made its popular Xbox, an administrative law judge at the International Trade Commission said in a preliminary decision issued on Friday.

A final ITC decision in the case is due in July.

The fight over the Xbox video game console is related to the larger smartphone patent war between Apple, Microsoft and the mobile phone makers who use Google’s Android software, including its subsidiary Motorola Mobility.

Mar 22, 2013

Supreme Court to decide on deals to delay cheaper drugs

WASHINGTON (Reuters) – The Supreme Court will hear arguments on Monday over whether big drug companies can settle patent litigation with generic rivals by making deals to keep cheaper products off the market.

U.S. and state regulators say the practice costs consumers, insurers and government billions of dollars annually.

Mar 19, 2013

Neiman Marcus settles with U.S. FTC for selling real fur as fake

WASHINGTON, March 19 (Reuters) – Upscale retailer Neiman
Marcus Group Inc settled with the U.S. Federal Trade
Commission on Tuesday for advertising some clothing as having
fake fur when it was in fact real, potentially upsetting
fur-averse buyers.

The Neiman Marcus website advertised three products – a
Burberry jacket, a Stuart Weitzman shoe and an Alice + Olivia
coat – as having fake fur when they did not, the FTC said in a
complaint that accompanied the settlement.

Mar 19, 2013

Lawmakers worry about fare hikes at airline merger hearing

WASHINGTON (Reuters) – Lawmakers discussing the US Airways Group plan to merge with AMR Corp, parent to American Airlines, asked CEOs from the two companies repeatedly on Tuesday if the deal would mean higher fares or reduced service for the U.S. flying public, and were told it would not.

The merger of American parent AMR Corp (AAMRQ.PK: Quote, Profile, Research, Stock Buzz) and US Airways (LCC.N: Quote, Profile, Research, Stock Buzz), announced on February 14 and subject to various approvals, would create the world’s largest air carrier. The deal is worth about $11 billion.

Mar 19, 2013

U.S. lawmakers worry about fare hikes at airline merger hearing

WASHINGTON, March 18 (Reuters) – Lawmakers discussing the US
Airways Group plan to merge with AMR Corp, parent to American
Airlines, asked CEOs from the two companies repeatedly on
Tuesday if the deal would mean higher fares or reduced service
for the U.S. flying public, and were told it would not.

The merger of American parent AMR Corp and US
Airways, announced on Feb. 14 and subject to various
approvals, would create the world’s largest air carrier. The
deal is worth about $11 billion.

Mar 15, 2013

Justice, AB InBev ask for extended delay in big beer deal

WASHINGTON (Reuters) – The U.S. Justice Department and Anheuser-Busch InBev (ABI.BR: Quote, Profile, Research, Stock Buzz), embroiled in a battle over whether AB InBev can expand its stake in the Mexican brewing company Grupo Modelo, asked a court on Friday to extend a delay in the court fight as the two sides hold settlement talks.

The Justice Department and the companies had previously requested and received a limited stay that put the case on hold until March 19.