Diane's Feed
Oct 7, 2015

Fantasy sports company FanDuel bans employees from other sites

WASHINGTON (Reuters) – The fantasy sports company FanDuel Inc said on Wednesday that it had banned its employees from all daily fantasy games and also was banning employees of other fantasy sites from playing on FanDuel.

“We have permanently banned our employees from playing any daily fantasy games for money, on any site,” the company said in a statement. “We will also require all customers to confirm that they are not an employee of any other third party fantasy site, and if they are, they will not be allowed to access our site.”

Oct 6, 2015

Washington mayor announces proposed deal to save Pepco-Exelon merger

WASHINGTON (Reuters) – Washington Mayor Muriel Bowser
announced a proposed settlement on Tuesday that she said she
hoped would prompt the city’s utilities regulator to approve a
plan for Exelon Corp and Pepco Holdings Inc to
merge.

The D.C. Public Service Commission said on Aug. 25 that it
would not approve the $6.8 billion deal to create the country’s
top power distributor.

Oct 6, 2015

Congress should act on ‘scandalous’ fantasy betting: Reid

WASHINGTON (Reuters) – The top Democrat in the U.S. Senate called on Congress to examine fantasy-sports betting services on Tuesday after reports that an employee with access to insider information placed bets in the unregulated multi-billion-dollar industry.

“There’s absolutely scandalous conduct taking place through those programs, fantasy sports,” Senate Democratic Leader Harry Reid told reporters.

Oct 6, 2015

Reid: U.S. Congress should act on ‘scandalous’ fantasy betting

WASHINGTON (Reuters) – The top Democrat in the U.S. Senate
called on Congress to examine fantasy-sports betting services on
Tuesday after reports that an employee with access to insider
information placed bets in the unregulated multi-billion-dollar
industry.

“There’s absolutely scandalous conduct taking place through
those programs, fantasy sports,” Senate Democratic Leader Harry
Reid told reporters.

Sep 29, 2015

U.S. says no settlement offer from Electrolux in GE appliance deal fight

WASHINGTON, Sept 29 (Reuters) – The U.S. Department of
Justice, which is suing to stop Sweden’s AB Electrolux
from buying General Electric Co’s appliance
business, said on Tuesday that it had received no settlement
offer from the companies that might allow the deal to go ahead.

Judge Emmet Sullivan, who is hearing the Justice
Department’s challenge to Electrolux’s proposed acquisition – on
the grounds that it would concentrate market share among too few
rivals – asked at a pre-trial hearing whether there was a chance
that the dispute would settle out of court.

Sep 25, 2015

Google faces renewed U.S. antitrust scrutiny, this time over Android

WASHINGTON, Sept 25 (Reuters) – The U.S. Federal Trade
Commission has opened a preliminary investigation into whether
Google Inc uses its Android operating system to
dominate competitors as more consumers go mobile, two sources
familiar with the matter said on Friday.

The Android mobile platform is a key element in Google’s
strategy to maintain revenue from online advertising as people
switch from Web browser searches to smartphone apps. The FTC had
investigated Google for allegedly breaking antitrust law but
that probe ended in a settlement.

Sep 25, 2015

Google mobile Android operating system under U.S. antitrust scanner

By Diane Bartz

(Reuters) – The U.S. Federal Trade Commission is investigating whether Google Inc is using its Android mobile operating system to stifle competition, a source familiar with the matter said on Friday.

The Android mobile platform is a key element in Google’s strategy to maintain revenue from online advertising as people switch from Web browser searches to smartphone apps, and action by U.S. regulators would be a big problem for the company.

Sep 24, 2015

U.S. court denies FTC request to stop Steris-Synergy merger

By Diane Bartz

(Reuters) – A federal court in Ohio refused on Thursday to
stop a $1.9 billion merger of medical technology provider Steris
Corp and British sterilization services provider Synergy
Health Plc, despite the objections of U.S. antitrust
enforcers.

The Federal Trade Commission filed a lawsuit in May aimed at
stopping the deal, saying it would hurt customers by eliminating
likely future competition between them based on innovative
sterilization techniques.

Sep 22, 2015

Antitrust lawmakers express concern about insurance mergers

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.”

Sep 22, 2015

U.S. antitrust lawmakers express concern about insurance mergers

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.”