Diane's Feed
Nov 4, 2013

U.S. Justice Dept details deal for American, US Airways fight

WASHINGTON, Nov 4 (Reuters) – The U.S. Justice Department
wants US Airways and American Airlines to divest landing and
take-off slots at Reagan National and other U.S. airports in
return for dropping its efforts to block a proposed merger, the
attorney general said on Monday, sending share prices higher as
investors saw hints in the remarks that a settlement is possible

Shares in bankrupt AMR Corp, parent of American
Airlines, closed up 24.5 percent in heavy volume, while those of
US Airways at one point rose more than 5 percent to
their highest in almost six years before retreating to close up
1.2 percent.

Nov 4, 2013

U.S. seeking divestitures from American, US Airways: source

WASHINGTON (Reuters) – U.S. antitrust authorities want American Airlines and US Airways Group Inc (LCC.N: Quote, Profile, Research, Stock Buzz) to agree to a broad package of divestitures at key U.S. airports in order to win approval of a merger that would create the world’s largest air carrier, a source familiar with the matter said on Sunday.

The airlines and the U.S. Justice Department have begun talks about a possible settlement ahead of a trial later this month about the government’s effort to block the merger.

Oct 31, 2013

US Airways, American consider merger settlement: sources

WASHINGTON (Reuters) – US Airways Group (LCC.N: Quote, Profile, Research, Stock Buzz) and American Airlines are considering giving up takeoff and landing slots at Washington’s Ronald Reagan National Airport to win regulator approval of their $11 billion merger, two people familiar with the matter said.

The airlines are hoping to reach a settlement with the U.S. Justice Department before the trial, due to begin November 25, paving the way for a deal that would create the world’s largest air carrier, the sources said.

Oct 30, 2013

US Airways, American drawing up proposed settlement: report

WASHINGTON (Reuters) – US Airways (LCC.N: Quote, Profile, Research, Stock Buzz) and American Airlines will offer to give up some takeoff and landing slots at Washington, D.C.’s Ronald Reagan National Airport as part of a attempt to get the U.S. Justice Department to allow their merger to proceed, a Dow Jones report said on Wednesday, citing people familiar with the process.

The companies’ stock prices have been buoyant recently as investor sentiment has increased that a deal can be reached to create the world’s largest air carrier.

Oct 11, 2013

U.S. looking at alleged forex manipulation -source

WASHINGTON, Oct 11 (Reuters) – The U.S. Justice Department
is making inquiries into allegations of foreign exchange rate
manipulation centered on the Swiss franc, but has left the heavy
lifting to Europe, according to a source familiar with the
probe.

The Justice Department spoke with participants in the probe
but is letting officials in Europe take the lead in any
investigation, said the source, who could not be named to
protect business relationships. “Everybody’s been interviewed,”
the source said.

Oct 8, 2013

U.S. ban on some Samsung products to go into effect

WASHINGTON (Reuters) – Some older Samsung Electronics Co smartphones and tablets could be taken off store shelves in the United States after the U.S. Trade Representative opted not to reverse a ban ordered because the devices infringe Apple Inc patents.

The decision is the latest step in a patent battle across several countries as Apple and Samsung vie for market share in the lucrative mobile industry. Samsung and Apple are the No. 1 and No. 2 smartphone makers globally, respectively.

Oct 1, 2013

U.S. seeks delay in trial on US Air, AMR deal due to shutdown

WASHINGTON (Reuters) – The U.S. Department of Justice, which is fighting a proposed merger of US Airways Group Inc (LCC.N: Quote, Profile, Research, Stock Buzz) and American Airlines parent AMR Corp (AAMRQ.PK: Quote, Profile, Research, Stock Buzz), asked a judge on Tuesday to postpone a trial in the case, saying the federal government shutdown would prevent its staff from working.

But a lawyer for the airlines said he expected the trial to determine if the government can stop the merger of US Airways and American Airlines to begin as scheduled in late November.

Sep 26, 2013

Nine auto parts makers to plead guilty to U.S. price fixing

WASHINGTON (Reuters) – Nine companies based in Japan and two executives have agreed to plead guilty and to pay almost $745 million in fines for their roles in long-running conspiracies to fix the prices of auto parts sold to U.S. car manufacturers, the Department of Justice said on Thursday.

The settlements are the latest in an ongoing probe into price fixing of a broad range of car parts that has now ensnared 20 companies and 21 executives. The companies have agreed to pay $1.6 billion in fines overall.

Sep 26, 2013

Auto parts makers to plead guilty to U.S. price fixing

WASHINGTON, Sept 26 (Reuters) – Nine companies based in
Japan and two executives have agreed to plead guilty and to pay
a total of more than $740 million in fines for their roles in
long-running conspiracies to fix the prices of auto parts sold
to U.S. car manufacturers, the Department of Justice said on
Thursday.

The department said that price-fixed automobile parts were
sold to Fiat SpA affiliate Chrysler Group LLC
, Ford Motor Co and General Motors Co,
-as well as to the U.S. subsidiaries of Honda Motor Co Ltd
, Mazda Motor Corp, Mitsubishi Motors Corp
, Nissan Motor Co Ltd, Toyota Motor Corp
and Fuji Heavy Industries Ltd’s Subaru.

Sep 23, 2013

U.S. lawmaker releases draft of bill targeting patent abuses

WASHINGTON (Reuters) – A U.S. lawmaker who has been leading the charge against frivolous but expensive patent litigation released the draft of a bill on Monday aimed at hemming in so-called “patent trolls.”

Representative Bob Goodlatte, chairman of the House Judiciary Committee, released a second discussion draft of a measure that would broaden the power of judges to award fees to the winner of a patent infringement lawsuit, among other steps.