By Jeffrey Dastin and Diane Bartz
(Reuters) – Online travel company Expedia Inc said on Thursday that it would buy Orbitz Worldwide Inc for about $1.33 billion in cash to bring on the rival’s programmers and widen its customer base.
While Expedia and larger rival Priceline Group, have embarked on acquisitions sprees to dominate the online travel business, three antitrust experts say the Orbitz deal is likely to get U.S. regulatory approval.
WASHINGTON, Feb 10 (Reuters) – The New York Times Co
, J.C. Penney Corp and CBS Corp lost a round
Tuesday in a patent fight with Helferich Patent Licensing, LLC,
which had accused them of infringing on patents for looking at
websites on mobile telephones.
The U.S. Court of Appeals for the Federal Circuit overturned
a lower court decision which had said that because the mobile
phone makers had licensed the patents there was no need for
content providers to do so.
WASHINGTON, Feb 5 (Reuters) – Key Republicans in the U.S.
House of Representatives joined with a smattering of Democrats
to introduce a bill on Thursday aimed at reducing frivolous
The bill is identical to a measure that passed the House
overwhelmingly in December 2013 but stalled in the Senate
because of objections from Senator Harry Reid, who set the
chamber’s agenda. With the Senate now in Republican hands, the
bill’s chance of becoming law has improved.
By Yashaswini Swamynathan and Diane Bartz
(Reuters) – Staples Inc (SPLS.O: Quote, Profile, Research) and Office Depot (ODP.O: Quote, Profile, Research) should find the second time is a charm as the top two U.S. office supply chains once again test the views of antitrust regulators in the rapidly changing retail landscape, experts said on Wednesday.
Staples, the No. 1 U.S. office supplies retailer, and No. 2 Office Depot Inc announced on Wednesday a $6.3 billion plan to join forces to compete against big box stores and online rivals.
Feb 2 (Reuters) – Food distributor Sysco Corp said
it would sell 11 distribution centers run by takeover target US
Foods Inc to far smaller rival Performance Food Group
if skeptical antitrust regulators approve the merger with US
Sysco’s $3.5 billion offer for US Foods has been pending
approval from the Federal Trade Commission for over a year but
is viewed as problematic given the dominance of both companies
as suppliers to hospitals, hotel chains and restaurants.
WASHINGTON (Reuters) – Food distributor Sysco Corp (SYY.N: Quote, Profile, Research, Stock Buzz) and its biggest rival, US Foods Inc USFOO.UL, 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.
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.
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.
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.
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.