Diane's Feed
Jan 30, 2015

Sysco, US Foods offer to divest 11 facilities to win FTC deal approval

WASHINGTON (Reuters) – Food distributor Sysco Corp
and its biggest rival, US Foods Inc, have offered to
sell a smaller competitor 11 facilities in order to convince
skeptical antitrust regulators to approve their $3.5 billion
merger, a source briefed on the matter told Reuters.

The deal, proposed in December 2013, is seen as problematic
because Sysco and US Foods are the only companies with the
geographic reach to offer nationwide contracts to deliver a wide
range of goods to customers ranging from hotel chains to
hospitals to fast food chains and fine restaurants.

Jan 29, 2015

Revenge porn website permanently barred by FTC

WASHINGTON (Reuters) – The owner of a “revenge porn site,” IsAnybodyDown.com, has agreed to not publish any nude pictures without the consent of the subject and to destroy his collection, the Federal Trade Commission said on Thursday.

Craig Brittain, who opened his website in 2011 and closed it in 2013 after a blast of publicity, had solicited pictures of women he met on sites such as Craigslist, the FTC said in its complaint. Men also gave him photos of naked women, presumably as a way to take revenge for being spurned.

Jan 29, 2015

U.S. net neutrality rules expected to cover interconnection deals

WASHINGTON (Reuters) – New U.S. “net neutrality” rules are expected to regulate for the first time deals in which content companies such as Netflix Inc pay broadband providers to connect with their networks for smooth downloads, according to people familiar with the plan.

Federal Communications Commission Chairman Tom Wheeler next week will reveal the latest draft of new rules that would guide how Internet service providers (ISPs) such as Comcast Corp manage traffic on their networks, aiming to ensure all web content is treated equally.

Jan 28, 2015

TracFone to pay $40 million to settle deceptive ad allegations

WASHINGTON (Reuters) – TracFone, owned by America Movil SAB, has agreed to pay $40 million to reimburse customers who purchased prepaid unlimited data plans that turned out to have maximum limits, the U.S. Federal Trade Commission said on Wednesday.

The FTC alleged that TracFone advertised unlimited data plans for $45 a month but either cut off or slowed, or “throttled”, the data once a fixed limit was hit. The agency said millions of customers had been affected by the practice.

Jan 15, 2015

Dollar General seen losing Family Dollar bid

By Sruthi Ramakrishnan and Diane Bartz

(Reuters) – Dollar General Corp stuck to its estimate of divesting 1,500 stores to win approval for its bid to buy Family Dollar Corp, a move that analysts said could end up handing the company to Dollar Tree Inc.

Dollar General’s statement comes a day after two influential proxy advisory firms changed their stance, advising Family Dollar’s shareholders to vote for a deal with Dollar Tree as it offered more certainty of closure.

Jan 9, 2015

20 states join U.S. antitrust probe of Family Dollar merger

WASHINGTON (Reuters) – Some 20 state attorneys general have joined the federal antitrust investigation of competing bids by Dollar General Corp (DG.N: Quote, Profile, Research, Stock Buzz) and Dollar Tree Inc (DLTR.O: Quote, Profile, Research, Stock Buzz) to buy Family Dollar Stores Inc (FDO.N: Quote, Profile, Research, Stock Buzz), a development that potentially complicates the companies’ efforts to win U.S. approval for a deal.

The attorneys general concern focuses on the likelihood that the loss of one of the chains would lead to higher prices for discount store customers, many of whom are poor, said two sources who spoke privately because they were not authorized to speak to reporters.

Jan 9, 2015

Rock band The Slants wants to reclaim slur for trademark

WASHINGTON (Reuters) – Asian-American rock band The Slants argued in court on Friday that its name is a healthy reappropriation of a term usually considered a slur and that the band should be granted a trademark despite government objections.

The case could have implications for a higher-profile fight over whether the Washington Redskins team in the National Football League should lose its trademarks.

Jan 6, 2015

Former Toyoda Gosei exec to plead guilty to price fixing in U.S.

WASHINGTON (Reuters) – A former executive of Japan’s Toyoda
Gosei Co Ltd has agreed to plead guilty to price fixing and
rigging bids for auto parts made for cars sold in the United
States, the Justice Department said on Tuesday.

As part of the deal, Japanese national Makoto Horie agreed
to serve one year and a day in prison and to pay a criminal fine
of $20,000, the department said.

Dec 24, 2014

Sysco, US Foods must narrow gap with rival to clear merger -analysts

WASHINGTON (Reuters) – The proposed merger of Sysco Corp (SYY.N: Quote, Profile, Research, Stock Buzz) and US Foods Inc [USFOO.UL] hinges on the top two U.S. food companies helping to turn a far smaller rival into a national player to ease antitrust concerns, but the gap may be too big, analysts said.

Sysco and US Foods, the only two companies with national distribution to hospitals, restaurants and schools, have been discussing the sale of assets such as distribution centers to No. 3 Performance Food Group. Many of those centers are in the western United States, where Performance has little or no presence.

Dec 22, 2014

Lilly must divest Sentinel products after FTC nod on Novartis deal

WASHINGTON, Dec 22 (Reuters) – Eli Lilly and Co has
won approval to buy Novartis AG’s animal health unit
on condition that it divests its Sentinel line of products for
treating heartworm in dogs, the Federal Trade Commission said on
Monday.

The French company Virbac SA will buy the Sentinel
product line now owned by Novartis Animal Health, the FTC said.