Diane's Feed
Sep 11, 2013

US Airways, American defend planned merger in court filing

WASHINGTON (Reuters) – US Airways defended its proposed merger with American Airlines on Tuesday, arguing that the deal would create $500 million in savings to consumers annually by building a stronger competitor to Delta Air Lines Inc and United Continental.

The Justice Department filed a lawsuit on August 13 to stop the $11 billion deal between US Airways Group and American’s parent AMR Corp. The government argues the merger would violate antitrust laws because it would lead to higher airfares and related fees.

Sep 9, 2013

Verizon and U.S. regulators clash on internet rules

WASHINGTON (Reuters) – U.S. judges hearing a potential landmark case on U.S. regulation of internet traffic on Monday focused on whether certain charges levied on websites by internet service providers would be illegal moves to block the sites.

The case revolves around a 2011 rule on so-called net neutrality. The rule requires internet providers treat all traffic equally and give consumers equal access to lawful content, even content that directly competes with the providers’ services.

Sep 9, 2013

Questions on charges feature in U.S. hearing on Web rules

WASHINGTON, Sept 9 (Reuters) – Judges hearing an appeal by
Verizon Communications Inc of the U.S. government’s open
internet rules spent much of their time on Wednesday focused on
what sorts of charges levied on websites would be considered
illegal blocking.

The 2011 rules required internet providers to treat all
traffic equally and to give consumers equal access to all lawful
content, even where that content might compete with aspects of
the Internet provider’s business.

Aug 30, 2013

Trial date of Nov. 25 set for U.S. challenge to AMR-US Airways merger

WASHINGTON, Aug 30 (Reuters) – A federal judge on Friday set
a tentative Nov. 25 trial date in the U.S. government’s legal
challenge to an American Airlines merger with U.S.
Airways.

Judge Colleen Kollar-Kotelly, who will try the case without
a jury, announced the date at a hearing in U.S. District Court.

Aug 30, 2013

Judge in American/US Airways merger wants trial before March

WASHINGTON (Reuters) – A federal judge said on Friday that the trial of a U.S. government lawsuit to block an American Airlines (AAMRQ.PK: Quote, Profile, Research, Stock Buzz) merger with U.S. Airways Group Inc (LCC.N: Quote, Profile, Research, Stock Buzz) should take place before March, the date sought by the U.S. Justice Department.

U.S. District Judge Colleen Kollar-Kotelly said in open court: “March 3, I think, is too far off. It needs to be a tighter, expedited schedule.”

Aug 28, 2013

U.S. government, two airlines say open to settling merger fight

WASHINGTON (Reuters) – American Airlines AAMRQA.UL, US Airways (LCC.N: Quote, Profile, Research, Stock Buzz) and the U.S. Justice Department said on Wednesday they were open to settling a court fight over whether the two companies should be allowed to merge, but there was no sign of an imminent agreement.

The Justice Department filed a lawsuit in mid-August, asking a federal court to block the deal, which would form the world’s biggest air carrier. The government said the merger would lead to higher prices for customers, while the companies said it would make them more competitive and strengthen the market.

Aug 27, 2013

U.S. asks for March trial in airline merger challenge

WASHINGTON (Reuters) – The U.S. Justice Department asked a federal court on Tuesday to set a March 3 trial date to hear arguments over whether it should stop a planned merger between US Airways (LCC.N: Quote, Profile, Research, Stock Buzz) and American Airlines (AAMRQ.PK: Quote, Profile, Research, Stock Buzz).

The companies had requested a 10-day trial that would begin on November 12.

The Justice Department filed a lawsuit on August 13, asking a federal court to order the companies to abandon plans for a deal to create the world’s largest carrier.

Aug 3, 2013

Obama administration overturns ban on some iPad, iPhones

WASHINGTON (Reuters) – The Obama administration has overturned a U.S. trade panel’s ban on the sale of some older iPhones and iPads, reversing a ruling that had favored Samsung Electronics Co Ltd over Apple Inc in their long-running patent battles.

The U.S. International Trade Commission in June banned the import or sale of the iPhone 4, iPhone 3GS, iPad 3G and iPad 2 3G distributed by AT&T Inc, saying the devices infringed a patent owned by the South Korean electronics giant.

Jul 29, 2013

Experts predict long antitrust road for Omnicom, Publicis

WASHINGTON/BRUSSELS (Reuters) – Publicis (PUBP.PA: Quote, Profile, Research, Stock Buzz) and Omnicom (OMC.N: Quote, Profile, Research, Stock Buzz) will most likely have to shed some assets in order for their mega deal to win approval from regulators in the United States, Europe and 40 other countries where they operate.

The deal would combine the world No. 2 agency, Omnicom, with the No. 3, Publicis, to create the world’s largest agency. The companies have expressed confidence that the transaction will move forward.

Jul 26, 2013

US court permits generic version of Teva MS drug a year sooner

WASHINGTON/NEW YORK, July 26 (Reuters) – Teva Pharmaceutical
Industries’ $4 billion-a-year multiple sclerosis drug Copaxone
will lose its patent protection in 2014 rather than 2015 because
of a ruling from a U.S. appeals court on Friday, making it
potentially prey to cheaper generics next May.

The U.S. Court of Appeals for the Federal Circuit issued its
decision in a patent fight that pits Teva against two
teams developing cheaper generic forms of Copaxone: one with
Novartis AG and Momenta Pharmaceuticals Inc
and another between Mylan Inc and Natco Pharma Ltd
.