WASHINGTON (Reuters) – US Airways (LCC.N: Quote, Profile, Research, Stock Buzz) and American Airlines will offer to give up some takeoff and landing slots at Washington, D.C.’s Ronald Reagan National Airport as part of a attempt to get the U.S. Justice Department to allow their merger to proceed, a Dow Jones report said on Wednesday, citing people familiar with the process.
The companies’ stock prices have been buoyant recently as investor sentiment has increased that a deal can be reached to create the world’s largest air carrier.
WASHINGTON, Oct 11 (Reuters) – The U.S. Justice Department
is making inquiries into allegations of foreign exchange rate
manipulation centered on the Swiss franc, but has left the heavy
lifting to Europe, according to a source familiar with the
The Justice Department spoke with participants in the probe
but is letting officials in Europe take the lead in any
investigation, said the source, who could not be named to
protect business relationships. “Everybody’s been interviewed,”
the source said.
WASHINGTON (Reuters) – Some older Samsung Electronics Co smartphones and tablets could be taken off store shelves in the United States after the U.S. Trade Representative opted not to reverse a ban ordered because the devices infringe Apple Inc patents.
The decision is the latest step in a patent battle across several countries as Apple and Samsung vie for market share in the lucrative mobile industry. Samsung and Apple are the No. 1 and No. 2 smartphone makers globally, respectively.
WASHINGTON (Reuters) – The U.S. Department of Justice, which is fighting a proposed merger of US Airways Group Inc (LCC.N: Quote, Profile, Research, Stock Buzz) and American Airlines parent AMR Corp (AAMRQ.PK: Quote, Profile, Research, Stock Buzz), asked a judge on Tuesday to postpone a trial in the case, saying the federal government shutdown would prevent its staff from working.
But a lawyer for the airlines said he expected the trial to determine if the government can stop the merger of US Airways and American Airlines to begin as scheduled in late November.
WASHINGTON (Reuters) – Nine companies based in Japan and two executives have agreed to plead guilty and to pay almost $745 million in fines for their roles in long-running conspiracies to fix the prices of auto parts sold to U.S. car manufacturers, the Department of Justice said on Thursday.
The settlements are the latest in an ongoing probe into price fixing of a broad range of car parts that has now ensnared 20 companies and 21 executives. The companies have agreed to pay $1.6 billion in fines overall.
WASHINGTON, Sept 26 (Reuters) – Nine companies based in
Japan and two executives have agreed to plead guilty and to pay
a total of more than $740 million in fines for their roles in
long-running conspiracies to fix the prices of auto parts sold
to U.S. car manufacturers, the Department of Justice said on
The department said that price-fixed automobile parts were
sold to Fiat SpA affiliate Chrysler Group LLC
, Ford Motor Co and General Motors Co,
-as well as to the U.S. subsidiaries of Honda Motor Co Ltd
, Mazda Motor Corp, Mitsubishi Motors Corp
, Nissan Motor Co Ltd, Toyota Motor Corp
and Fuji Heavy Industries Ltd’s Subaru.
WASHINGTON (Reuters) – A U.S. lawmaker who has been leading the charge against frivolous but expensive patent litigation released the draft of a bill on Monday aimed at hemming in so-called “patent trolls.”
Representative Bob Goodlatte, chairman of the House Judiciary Committee, released a second discussion draft of a measure that would broaden the power of judges to award fees to the winner of a patent infringement lawsuit, among other steps.
WASHINGTON (Reuters) – Union members who work for American Airlines and US Airways Group (LCC.N: Quote, Profile, Research, Stock Buzz) rallied on Capitol Hill on Wednesday, urging the U.S. Justice Department to drop its opposition to a planned merger between the two airlines.
The rally by pilots, flight attendants, baggage handlers and others also attracted a handful of the 300 lawmakers that the union representatives are meeting with this week in hopes of building support for the deal.
WASHINGTON, Sept 11 (Reuters) – Apple and Google
subsidiary Motorola Mobility on Wednesday squared off
in court over whether a judge should reopen a lawsuit in which
the companies accuse one other of illegally using their patented
mobile phone technology.
The case under review began in 2010 when the smartphone
makers filed patent infringement lawsuits against each other.
WASHINGTON (Reuters) – US Airways defended its proposed merger with American Airlines on Tuesday, arguing that the deal would create $500 million in savings to consumers annually by building a stronger competitor to Delta Air Lines Inc and United Continental.
The Justice Department filed a lawsuit on August 13 to stop the $11 billion deal between US Airways Group and American’s parent AMR Corp. The government argues the merger would violate antitrust laws because it would lead to higher airfares and related fees.