Diane's Feed
Jul 23, 2013

Supreme Court win boosts fight against drug settlements: FTC

WASHINGTON (Reuters) – A recent U.S. Supreme Court ruling giving regulators the right to sue drugmakers for agreements that delay cheaper generic versions of their products should deter some of the most egregious deals and allow the agency to better fight others, Federal Trade Commission Chairwoman Edith Ramirez told lawmakers on Tuesday.

At issue are deals – often called “pay for delay” – where brand-name drugmakers settle patent infringement lawsuits by paying generic companies to postpone marketing their cheaper versions of the products.

Jul 23, 2013

U.S. Supreme Court win boosts fight against drug settlements -FTC

WASHINGTON, July 23 (Reuters) – A recent U.S. Supreme Court
ruling giving regulators the right to sue drugmakers for
agreements that delay cheaper generic versions of their products
should deter some of the most egregious deals and allow the
agency to better fight others, Federal Trade Commission
Chairwoman Edith Ramirez told lawmakers on Tuesday.

At issue are deals – often called “pay for delay” – where
brand-name drugmakers settle patent infringement lawsuits by
paying generic companies to postpone marketing their cheaper
versions of the products.

Jul 19, 2013

Top U.S. funeral chain deal expected to get antitrust nod

WASHINGTON (Reuters) – Service Corp International (SCI.N: Quote, Profile, Research, Stock Buzz), the biggest U.S. funeral services company which has bought up rivals for two decades, is likely to get approval from antitrust officials for its bid to acquire the No. 2 chain, Stewart Enterprises Inc, antitrust experts told Reuters.

Houston-based Service Corp, with 13 percent of the U.S. market by revenue, said on May 29 it would buy century-old Stewart Enterprises (STEI.O: Quote, Profile, Research, Stock Buzz) for $1.13 billion.

Jul 9, 2013

U.S. debt collector hit with record penalty for abusive calls

WASHINGTON (Reuters) – Expert Global Solutions, the world’s largest debt collection agency, has agreed to pay a $3.2 million civil penalty and stop harassing and abusing debtors by engaging in practices such as calling them multiple times a day, the U.S. Federal Trade Commission said on Tuesday.

The financial penalty levied on the company is the biggest ever obtained by the FTC against a third-party debt collector, the commission said.

Jul 3, 2013

Exclusive: States join U.S. probe of Cargill/ConAgra flour deal

WASHINGTON (Reuters) – A group of wheat-growing states has joined the U.S. Justice Department in investigating a proposed joint venture by Cargill, CHS and ConAgra, which would make the largest U.S. flour miller even larger, two sources told Reuters.

About a dozen states, led by Oklahoma’s attorney general, will join the department’s antitrust division in a review of the plan by ConAgra Foods Inc (CAG.N: Quote, Profile, Research, Stock Buzz) to join Horizon Milling, a joint venture of Cargill Inc. CARG.UL and CHS Inc (CHSCP.O: Quote, Profile, Research, Stock Buzz).

Jul 3, 2013

States join U.S. probe of Cargill/ConAgra flour deal

WASHINGTON, July 3 (Reuters) – A group of wheat-growing
states has joined the U.S. Justice Department in investigating a
proposed joint venture by Cargill, CHS and ConAgra, which would
make the largest U.S. flour miller even larger, two sources told
Reuters.

About a dozen states, led by Oklahoma’s attorney general,
will join the department’s antitrust division in a review of the
plan by ConAgra Foods Inc to join Horizon Milling, a
joint venture of Cargill Inc. and CHS Inc.

Jul 1, 2013

InterDigital loses first round of U.S. case against Huawei, others

WASHINGTON (Reuters) – Huawei Technologies HWT.UL, Nokia Corp (000063.SZ: Quote, Profile, Research, Stock Buzz) and ZTE Corp (NOK1V.HE: Quote, Profile, Research, Stock Buzz) did not violate cell phone patents owned by InterDigital Inc (IDCC.O: Quote, Profile, Research, Stock Buzz), a judge at the International Trade Commission said in a preliminary decision on Friday.

The ITC’s final decision in the case is expected to be issued in October.

InterDigital, which buys and licenses patents, had accused the companies of violating seven patents used to make 3G wireless devices. The patents cover conservation of power and ensuring the right data goes to the right recipient, among other technology.

Jul 1, 2013

Exclusive: State attorneys general probing American, U.S. Airways merger

WASHINGTON (Reuters) – A group of 19 attorneys general, led by Texas, has joined a U.S. Justice Department probe of a planned merger of American Airlines Inc (AAMRQ.PK: Quote, Profile, Research, Stock Buzz) and US Airways Group Inc (LCC.N: Quote, Profile, Research, Stock Buzz), three sources close to the discussions told Reuters.

Some of the states involved worry that they will lose a hub because of the planned transaction, which would create the world’s largest airline, while others are concerned about service cutbacks to smaller cities because of the transaction, two sources said.

Jul 1, 2013

State attorneys general probing American, US Airways merger

WASHINGTON, July 1 (Reuters) – A group of 19 attorneys
general, led by Texas, has joined a U.S. Justice Department
probe of a planned merger of American Airlines Inc
and US Airways Group Inc, three sources close to the
discussions told Reuters.

Some of the states involved worry that they will lose a hub
because of the planned transaction, which would create the
world’s largest airline, while others are concerned about
service cutbacks to smaller cities because of the transaction,
two sources said.

Jun 27, 2013

Exclusive: Justice Department probing American, US Airways merger

WASHINGTON (Reuters) – The U.S. Justice Department is taking depositions as part of a probe into a planned merger of American Airlines Inc (AAMRQ.PK: Quote, Profile, Research, Stock Buzz) and US Airways Group Inc (LCC.N: Quote, Profile, Research, Stock Buzz) that would create the world’s largest airline, three sources close to the discussions told Reuters.

The sticking point in talks between the Justice Department and the companies is whether the airlines will agree to sell slots, take off and landing rights, to reduce their dominance at Reagan National Airport outside Washington, D.C., according to one source.