Diane's Feed
Apr 8, 2014

U.S. mulls impact of Comcast-TWC deal on programming -cable exec

WASHINGTON, April 8 (Reuters) – Executives from Veria
Living, a U.S. cable television channel, met in March with
Justice Department officials who are digging into the Comcast
deal to buy Time Warner Cable, even before the government was
formally notified of the proposed transaction, Veria’s CEO told
Reuters.

Veria chief Eric Sherman said he and other company
executives met with nine Justice Department antitrust attorneys,
including two trial attorneys, on March 10 for nearly 90 minutes
after Veria contacted the department.

Mar 27, 2014

U.S. Senate panel plans to make losers pay for frivolous patent lawsuits

WASHINGTON, March 27 (Reuters) – U.S. senators seeking to
curb frivolous patent litigation plan to add a “loser pays”
amendment into a bill that many believe has a good chance of
becoming law, a leading lawmaker said on Thursday.

The change would require parties that lose lawsuits to cover
winners’ legal bills, and is expected to deter prolonged,
frivolous and vexatious litigation. Such measures have been
pushed by big technology companies such as Google Inc
and Apple Inc.

Mar 19, 2014

Exclusive: States to probe Comcast plan to buy Time Warner Cable

WASHINGTON (Reuters) – Florida and other U.S. states will join the Justice Department in seeking to determine if Comcast’s plan to merge with Time Warner Cable is legal under U.S. antitrust law, Florida said in a statement to Reuters.

“We are part of a multistate group reviewing the proposed transaction along with the U.S. DOJ (Justice Department) Antitrust Division,” the Florida state attorney general’s office said in an emailed statement.

Mar 19, 2014

States to probe Comcast plan to buy Time Warner Cable

WASHINGTON, March 19 (Reuters) – Florida and other U.S.
states will join the Justice Department in seeking to determine
if Comcast’s plan to merge with Time Warner Cable
is legal under U.S. antitrust law, Florida said in a
statement to Reuters.

“We are part of a multistate group reviewing the proposed
transaction along with the U.S. DOJ (Justice Department)
Antitrust Division,” the Florida state attorney general’s office
said in an emailed statement.

Mar 18, 2014

Jim Beam buy helps Japan’s Suntory latch onto U.S. bourbon craze

WASHINGTON (Reuters) – If anyone should find it odd that a Japanese distillery was planning to merge with a U.S. bourbon brand steeped in the history of the American South, the answer could be found on a cocktail menu.

Suntory Pacific Ltd SUNTYA.UL won U.S. antitrust approval this month to buy Jim Beam, the No. 4 premium spirits company in the world, just as the liquor known as “America’s whiskey” is enjoying a surge in U.S. interest — and sales.

Mar 12, 2014

Herbalife says FTC opens inquiry long sought by Ackman

By Diane Bartz and Phil Wahba

(Reuters) – Herbalife Ltd said on Wednesday that the U.S. Federal Trade Commission had opened an inquiry into its operations, news that briefly sent the nutrition and weight loss company’s share price down more than 16 percent.

Billionaire investor William Ackman, who has a $1.16 billion short bet on Herbalife, has for months called on regulators to investigate Herbalife’s distribution model, which he calls a “pyramid scheme,” where a company makes most of its money by recruiting new distributors rather than selling products to real customers.

Mar 10, 2014

U.S. Justice Department, American Airlines dispute value of slots

WASHINGTON (Reuters) – The U.S. Justice Department said on Monday that American Airlines Group made $425 million by selling takeoff and landing slots at two busy East Coast airports, as required to win approval for the merger that set up the company.

The company’s chairman challenged that figure.

The department, in a routine filing, also asked a federal judge to approve with no changes the settlement it reached with US Airways and American Airlines. That settlement ended a fight over whether the government would allow the two to merge.

Mar 10, 2014

U.S. Justice Dept, American Airlines dispute value of slots

WASHINGTON, March 10 (Reuters) – The U.S. Justice Department
said on Monday that American Airlines Group made $425 million by
selling takeoff and landing slots at two busy East Coast
airports, as required to win approval for the merger that set up
the company.

The company’s chairman challenged that figure.

The department, in a routine filing, also asked a federal
judge to approve with no changes the settlement it reached with
US Airways and American Airlines. That settlement ended a fight
over whether the government would allow the two to merge.

Mar 6, 2014

ADT settles with U.S. over paying for endorsements

WASHINGTON (Reuters) – ADT Corp has settled with U.S. regulators who accused the home security company of paying safety experts to endorse its products without disclosing the arrangement, the Federal Trade Commission said on Thursday.

The commission said in its complaint the Boca Raton, Florida-based company paid three people a total of about $313,000 to publicly endorse their product and gave two of them free security systems.

Feb 28, 2014

U.S. Sen. Franken sees higher prices if Comcast buys Time Warner Cable

WASHINGTON, Feb 27 (Reuters) – U.S. Senator Al Franken
warned telecommunications regulators on Thursday that Comcast
Corp’s proposed acquisition of Time Warner Cable Inc
could mean “higher prices, fewer choices, and even worse
service for consumers.”

Comcast, the largest U.S. cable company, said on Feb. 13 it
had agreed to acquire No. 4 Time Warner Cable for $45.2 billion.
The proposal faces reviews from U.S. regulators who will study
its effect on competition.