ATLANTA/WASHINGTON, Dec 4 (Reuters) – Southwest Airlines
and Virgin American will buy the take-off and landing
slots at New York’s LaGuardia Airport that US Airways Group Inc
and American Airlines must sell as part of their agreement to
merge, three sources said on Wednesday.
Last month, US Airways and American
agreed to divest 17 pairs of slots at LaGuardia, a busy airport
with limited capacity, as well as certain other assets, as part
of a settlement of an antitrust lawsuit by the U.S. Justice
WASHINGTON (Reuters) – The growing online usage of ads designed to blend in with the rest of a website’s content, a practice known as “native advertising,” may be illegal in some instances, the Federal Trade Commission warned on Wednesday.
The FTC said that a survey of online publishers found that 73 percent allowed native advertising, the digital descendent of the newspaper “advertorial” and television’s infomercials.
WASHINGTON, Nov 21 (Reuters) – Three executives of Japan’s
Takata Corp will plead guilty to conspiring to fix the
price of seatbelts sold to automakers in the United States and
will go to jail for 14 to 19 months, the Justice Department said
Takata settled with the Justice Department in October,
agreeing to pay $71.3 million to settle antitrust charges.
WASHINGTON, Nov 18 (Reuters) – Two leading U.S. senators
introduced a bill on Monday aimed at making it harder for
“patent trolls” to file frivolous infringement lawsuits.
Patent assertion entities (PAEs), called patent trolls by
critics, are companies that typically do not invent or make
products but buy patents to obtain licensing fees or file
infringement lawsuits. Lawsuits have been triggered by the use
of such common technologies as a coffeehouse offering wireless
internet access to customers or a hotel using online ordering.
WASHINGTON, Nov 18 (Reuters) – A U.S. appeals court on
Monday breathed new life into Apple’s long-running attempt to
secure an injunction banning the sale of some devices made by
Samsung Electronics Co Ltd, ordering a California judge to
reconsider imposing a permanent sales ban on some Samsung
Apple, which makes iPhones and iPads, has been incensed by
what it considers Android knockoffs of its devices, many made by
Samsung. The two companies have been in a long-running and
global battle over patent infringement.
ATLANTA/WASHINGTON (Reuters) – Consumer advocates worry the decision to green-light another big airline merger will mean higher prices before long, even though upstart airlines will get more access to busy airports near Washington D.C. and New York as part of the deal.
In the short term, the industry is waiting for the sale of takeoff and landing slots by the merging US Airways Group Inc (LCC.N: Quote, Profile, Research, Stock Buzz) and AMR Corp’s (AAMRQ.PK: Quote, Profile, Research, Stock Buzz) American Airlines, a process that will take several months and be overseen by the Department of Justice.
WASHINGTON/NEW YORK (Reuters) – US Airways Group Inc and American Airlines will be allowed to merge to become the world’s largest airline after they agreed to give low-cost competitors more access to several key U.S. airports, including in New York and Washington.
The agreement, subject to court approval, ends a U.S. Department of Justice lawsuit filed in August. The government opposed the merger of US Airways and AMR Corp, parent of bankrupt American Airlines, on the grounds it would hinder competition and lead to higher fares.
WASHINGTON/NEW YORK (Reuters) – US Airways Group Inc and American Airlines will give low-cost competitors more access to a half dozen key U.S. airports, including New York and Washington, D.C., in exchange for permission to merge and create the world’s largest airline.
The agreement announced on Tuesday settles a government lawsuit filed in August that argued that US Airways and AMR Corp, parent of bankrupt American Airlines, should be forced to scrap the merger because it would hinder competition and lead to higher fares.
WASHINGTON, Nov 5 (Reuters) – The U.S. Supreme Court on
Tuesday heard arguments in a case of warring legal doctrines
raised by a heart pacemaker patent fight between giant medical
devices company Medtronic Inc and privately owned
Mirowski Family Ventures LLC.
The case stems from Medtronic’s decision to request a
declaratory judgment that some of its pacemakers do not infringe
on technology patented by Mirowski and licensed to Boston
Scientific and Guidant Corp, part of Boston Scientific
and Abbott Laboratories.
WASHINGTON (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 (AAMRQ.PK: Quote, Profile, Research, Stock Buzz), parent of American Airlines, closed up 24.5 percent in heavy volume, while those of US Airways (LCC.N: Quote, Profile, Research, Stock Buzz) at one point rose more than 5 percent to their highest in almost six years before retreating to close up 1.2 percent.