WASHINGTON (Reuters) – Jostens, already a titan in the market for class rings and other academic mementos, has forged a deal to buy a top rival but U.S. antitrust regulators could frown on the agreement if they think it will raise prices for the already-costly keepsakes.
Minneapolis-based Jostens is owned by the private marketing and publishing services firm Visant Holding Corp but has roots going back more than a century. It agreed in mid-November to buy American Achievement Corp in a $486 million deal.
WASHINGTON, Dec 5 (Reuters) – The U.S. House of
Representatives on Thursday approved a bill aimed at reining in
“patent trolls,” companies that buy or license patents from
others, then extract licensing fees or file infringement
lawsuits viewed by many as frivolous.
The House passed the bill easily, by a vote of 325 to 91. A
Senate panel considering a similar measure has scheduled a
hearing on the issue on Dec. 17.
ATLANTA/WASHINGTON, Dec 4 (Reuters) – Southwest Airlines
and Virgin American will buy the take-off and landing
slots at New York’s LaGuardia Airport that US Airways Group Inc
and American Airlines must sell as part of their agreement to
merge, three sources said on Wednesday.
Last month, US Airways and American
agreed to divest 17 pairs of slots at LaGuardia, a busy airport
with limited capacity, as well as certain other assets, as part
of a settlement of an antitrust lawsuit by the U.S. Justice
WASHINGTON (Reuters) – The growing online usage of ads designed to blend in with the rest of a website’s content, a practice known as “native advertising,” may be illegal in some instances, the Federal Trade Commission warned on Wednesday.
The FTC said that a survey of online publishers found that 73 percent allowed native advertising, the digital descendent of the newspaper “advertorial” and television’s infomercials.
WASHINGTON, Nov 21 (Reuters) – Three executives of Japan’s
Takata Corp will plead guilty to conspiring to fix the
price of seatbelts sold to automakers in the United States and
will go to jail for 14 to 19 months, the Justice Department said
Takata settled with the Justice Department in October,
agreeing to pay $71.3 million to settle antitrust charges.
WASHINGTON, Nov 18 (Reuters) – Two leading U.S. senators
introduced a bill on Monday aimed at making it harder for
“patent trolls” to file frivolous infringement lawsuits.
Patent assertion entities (PAEs), called patent trolls by
critics, are companies that typically do not invent or make
products but buy patents to obtain licensing fees or file
infringement lawsuits. Lawsuits have been triggered by the use
of such common technologies as a coffeehouse offering wireless
internet access to customers or a hotel using online ordering.
WASHINGTON, Nov 18 (Reuters) – A U.S. appeals court on
Monday breathed new life into Apple’s long-running attempt to
secure an injunction banning the sale of some devices made by
Samsung Electronics Co Ltd, ordering a California judge to
reconsider imposing a permanent sales ban on some Samsung
Apple, which makes iPhones and iPads, has been incensed by
what it considers Android knockoffs of its devices, many made by
Samsung. The two companies have been in a long-running and
global battle over patent infringement.
ATLANTA/WASHINGTON (Reuters) – Consumer advocates worry the decision to green-light another big airline merger will mean higher prices before long, even though upstart airlines will get more access to busy airports near Washington D.C. and New York as part of the deal.
In the short term, the industry is waiting for the sale of takeoff and landing slots by the merging US Airways Group Inc (LCC.N: Quote, Profile, Research, Stock Buzz) and AMR Corp’s (AAMRQ.PK: Quote, Profile, Research, Stock Buzz) American Airlines, a process that will take several months and be overseen by the Department of Justice.
WASHINGTON/NEW YORK (Reuters) – US Airways Group Inc and American Airlines will be allowed to merge to become the world’s largest airline after they agreed to give low-cost competitors more access to several key U.S. airports, including in New York and Washington.
The agreement, subject to court approval, ends a U.S. Department of Justice lawsuit filed in August. The government opposed the merger of US Airways and AMR Corp, parent of bankrupt American Airlines, on the grounds it would hinder competition and lead to higher fares.
WASHINGTON/NEW YORK (Reuters) – US Airways Group Inc and American Airlines will give low-cost competitors more access to a half dozen key U.S. airports, including New York and Washington, D.C., in exchange for permission to merge and create the world’s largest airline.
The agreement announced on Tuesday settles a government lawsuit filed in August that argued that US Airways and AMR Corp, parent of bankrupt American Airlines, should be forced to scrap the merger because it would hinder competition and lead to higher fares.