Diane's Feed
Sep 10, 2014

EU’s Almunia says won’t finish Google probe before end-October

WASHINGTON (Reuters) – European Union regulators will not finish a four-year investigation into Google by the end of October, the bloc’s outgoing antitrust chief said on Wednesday.

European Competition Commissioner Joaquin Almunia said this week he would extract more concessions from the world’s most popular Internet search engine after extremely negative feedback from rivals such as Microsoft to Google’s third proposal to end the EU probe.

Sep 8, 2014

AbbVie, Teva broke law in AndroGel ‘pay for delay’ deal, U.S. says

WASHINGTON (Reuters) – The U.S. Federal Trade Commission on Monday sued Drugmakers AbbVie Inc and Teva Pharmaceuticals Industries Ltd for allegedly illegally preventing generic versions of AndroGel, for men with low testosterone, from getting to market.

The FTC, which says AndroGel users paid hundreds of millions of dollars more than necessary because of the companies’ actions, asked the U.S. District Court for the Eastern District of Pennsylvania to order AbbVie to refund users that money.

Sep 4, 2014

Nvidia sues Qualcomm, Samsung over graphics patents

SAN FRANCISCO/WASHINGTON (Reuters) – Nvidia Corp has sued rival chipmakers Qualcomm and Samsung Electronics, accusing both companies of infringing its patents on graphics processing technology.

The U.S. chipmaker vies with Qualcomm in the business of providing chips for smartphones and tablets. It said on Thursday that Qualcomm and Samsung had used Nvidia’s patented technologies without a license in Samsung’s mobile devices, including the just-launched Galaxy Note 4 and Galaxy Note Edge.

Sep 4, 2014

Google to refund $19 million in kids’ in-app purchase case: U.S.

WASHINGTON (Reuters) – Google Inc has agreed to refund at least $19 million to settle charges that it unfairly billed parents for purchases that their children made while playing video games such as Ice Age Village and Air Penguins on mobile devices.

Children sometimes put hundreds of dollars on their parents’ credit cards without permission, the U.S. Federal Trade Commission said on Thursday in announcing the settlement.

Aug 29, 2014

White House nominates new chief of IP enforcement

WASHINGTON, Aug 29 (Reuters) – The White House has named a
Washington lawyer as the next head of intellectual property
enforcement, a position that has been vacant for a year.

Danny Marti, a managing partner at the law firm Kilpatrick
Townsend and Stockton LLP, was named by the White House in a
statement late Thursday. The Senate must confirm Marti before he
can begin work.

Aug 28, 2014

Tyson wins U.S. Justice Dept antitrust nod for Hillshire deal

WASHINGTON (Reuters) – Tyson Foods Inc (TSN.N: Quote, Profile, Research, Stock Buzz), the largest U.S. meat processor, on Wednesday won U.S. antitrust approval for its $8.5 billion purchase of Hillshire Brands Co (HSH.N: Quote, Profile, Research, Stock Buzz).

To win approval for the merger, the companies agreed to sell Heinold Hog Markets, the U.S. Department of Justice said. The attorneys general of Iowa, Illinois and Missouri, all big hog-producing states, joined the settlement.

Aug 27, 2014

Tyson wins antitrust nod for Hillshire deal: U.S. Justice Dept

WASHINGTON (Reuters) – Tyson Foods Inc, the largest U.S. meat processor, on Wednesday won U.S. antitrust approval for its purchase of Hillshire Brands Co.

Tyson’s share price moved up sharply on the news, rising as much as 2 percent from the day’s opening price and closing at $37.71, up 1.5 percent. Hillshire closed near steady at $62.96.

Jul 31, 2014

With France’s Iliad, T-Mobile US takeover skips regulatory hurdles

WASHINGTON (Reuters) – French telecommunications company Iliad’s (ILD.PA: Quote, Profile, Research, Stock Buzz) surprise bid for U.S. wireless carrier T-Mobile US Inc (TMUS.N: Quote, Profile, Research, Stock Buzz) would face a far easier U.S. review process than the offer long expected from Sprint Corp (S.N: Quote, Profile, Research, Stock Buzz), experts said.

Iliad’s bid, revealed on Thursday, comes as Sprint’s Japanese parent SoftBank Corp (9984.T: Quote, Profile, Research, Stock Buzz) and T-Mobile owner Deutsche Telekom AG (DTEGn.DE: Quote, Profile, Research, Stock Buzz) had already agreed to broad parameters of a deal, which was unlikely to be announced until September, sources have told Reuters.

Jul 30, 2014

Contact lens discounter tells Congress that price floors will hurt consumers

WASHINGTON, July 30 (Reuters) – An executive at 1-800
CONTACTS told Congress on Wednesday that decisions by three of
the four top U.S. contact lens makers to set price minimums for
some products would push up the prices of the medical devices.

Alcon, owned by Novartis AG ; Bausch & Lomb, owned
by Valeant Pharmaceuticals ; and Johnson & Johnson
all put in place minimum sale prices for some of their
products in the past 14 months.

Jul 30, 2014

U.S. cellphone users frequent victims of ‘cramming’ -Senate study

WASHINGTON, July 30 (Reuters) – U.S. mobile phone users have
likely paid hundreds of millions of dollars in unauthorized
charges “crammed” onto their bills, according to a report
released by the U.S. Senate Commerce Committee on Wednesday to
coincide with a hearing on the topic.

“Scammers figured out a way to beat the system,” Senator
Richard Blumenthal, a Connecticut Democrat, said at the hearing.
“They have been absolutely relentless in doing so.”