Diane's Feed
Sep 16, 2015

Expedia, Orbitz win U.S. approval to merge

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.

Sep 9, 2015

Conservative U.S. senator won’t fault Obama on antitrust law

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

Sep 8, 2015

U.S. doctors group says planned health mergers are anti-competitive

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
insurance officials.

Sep 8, 2015

GE wins U.S., European antitrust approval to buy Alstom unit

By Diane Bartz and Foo Yun Chee

(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.

Sep 4, 2015

Japan’s NGK Insulators to pay $65.3 million over price-fixing

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.

Sep 2, 2015

NEC Tokin settles price-fixing charges in U.S.

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
department said.

Jul 22, 2015

U.S. senator urges probe of Apple’s music streaming practices

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.

Jul 22, 2015

US antitrust worries weigh on Halliburton-Baker Hughes deal -source

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
Department’s concerns.

Jul 14, 2015

Reported Chinese offer for Micron faces far too many hurdles

WASHINGTON/SAN FRANCISCO July 14 (Reuters) – A Chinese
state-backed company’s plan to buy U.S. chip maker Micron
Technology faces no shortage of obstacles – questions
about the price, worries on Capitol Hill, an aggressive
regulator – and any one of them could torpedo the deal.

Analysts argued Tsinghua Unigroup Ltd’s proposed price, $23
billion, was far too low. But China’s critics on Capitol Hill
worried about the impact on the Defense Department. And any deal
would likely face a close look by the agency charged with
vetting transactions that have potential national security

Jul 11, 2015

FTC exploring Apple rules for streaming music rivals in App Store

WASHINGTON/SAN FRANCISCO (Reuters) – U.S. government antitrust regulators are looking into claims about whether Apple’s treatment of rival streaming music apps is illegal under antitrust law, according to three industry sources.

Apple recently launched a new music streaming service, Apple Music. It also provides the App Store platform for competing streaming services including Jango, Spotify, Rhapsody and others.