WASHINGTON (Reuters) – Republican and Democratic lawmakers expressed concern about two multi-billion dollar insurance mergers on Tuesday, using a Senate hearing to take issue with the companies’ arguments that they face expanding competition from new rivals.
Senator Mike Lee, a Republican from Utah who chairs the Senate Judiciary Committee’s antitrust subcommittee, said he was worried that consumers would be “locked into the offerings of a few dominant companies.”
WASHINGTON, Sept 22 (Reuters) – Republican and Democratic
lawmakers expressed concern about two multi-billion dollar
insurance mergers on Tuesday, using a Senate hearing to take
issue with the companies’ arguments that they face expanding
competition from new rivals.
Senator Mike Lee, a Republican from Utah who chairs the
Senate Judiciary Committee’s antitrust subcommittee, said he was
worried that consumers would be “locked into the offerings of a
few dominant companies.”
WASHINGTON (Reuters) – Online travel company Expedia Inc, the world’s largest online travel services company by bookings, has won U.S. antitrust approval to buy rival Orbitz Worldwide Inc for $1.3 billion, the Justice Department said on Wednesday.
The department said it did not require any asset sales in exchange for antitrust approval.
WASHINGTON (Reuters) – The U.S. Senate’s top antitrust
overseer, elected with backing from the Tea Party, has fought
the Obama administration and has a 100 percent rating from the
conservative Heritage Foundation.
But when it comes to enforcing antitrust law, Republican
Senator Mike Lee of Utah stopped well short of faulting the
NEW YORK (Reuters) – The leading U.S. physicians’
organization said on Tuesday that two proposed mergers of U.S.
health insurers worth tens of billions of dollars could lead to
higher prices in 17 states for companies that buy insurance for
their workers or people who buy their own insurance.
Aetna Inc announced plans to buy smaller rival
Humana Inc in early July and Anthem Inc agreed
to buy Cigna Corp later that month. Both mergers are
being reviewed by the U.S. Department of Justice and state
(Reuters) – General Electric won U.S. and European
antitrust approval to buy Alstom’s power unit on
condition that some of the French company’s assets would be
Both the U.S. Justice Department and European Union
announced on Tuesday that they would approve the
12.4-billion-euro ($13.9 billion) deal on condition that Alstom
subsidiary Power Systems Manufacturing would be divested.
TOKYO/WASHINGTON (Reuters) – Japan’s NGK Insulators Ltd has agreed to pay $65.3 million for fixing the prices of parts supplied to car makers and plead guilty to criminal charges, the U.S. Justice Department said on Thursday.
The charges include obstruction of justice, based on attempts to stymie the Justice Department probe by destroying or changing documents, the government and the company said.
WASHINGTON, Sept 2 (Reuters) – Japan’s NEC Tokin Corp
settled charges on Wednesday that it conspired to fix the prices
of electrolytic capacitors, used in autos and electronics,
agreeing to plead guilty and to pay a fine of $13.8 million, the
Justice Department said.
The capacitors, or condensers, are used in car engines and
airbags as well as a broad range of consumer electronics, like
computers and televisions, the department said. The guilty plea
is the first in the electrolytic capacitor industry, the
WASHINGTON, July 22 (Reuters) – A U.S. senator wants two
federal agencies to investigate whether Apple Inc is
breaking antitrust law in how it treats music services that
compete with the streaming service it launched in June.
Democratic Senator Al Franken in a letter on Wednesday said
that he was concerned that some Apple practices could limit
choices and raise prices for consumers. The letter was sent to
Attorney General Loretta Lynch and Federal Trade Commission
Chairwoman Edith Ramirez.
By Diane Bartz and Sneha Banerjee
(Reuters) – Oilfield services provider Halliburton Co’s
acquisition of smaller rival Baker Hughes Inc
faces concerns from U.S. antitrust enforcers who believe the $35
billion merger will lead to higher prices and less innovation,
according to a source close to the probe.
A second source, who is also close to the probe, said the
investigation into the proposed tie-up of the No. 2 and No. 3
oilfield services companies was far from complete and could well
end with targeted divestitures to resolve the Justice