Saturday 2 August 2014

Microsoft fined $730m for breaking EU promise

EU antitrust regulators fined Microsoft 561 million euros ($731 million) on Wednesday for breaking a promise to offer European consumers a choice of web browser. Microsoft had made the pledge in 2009 in settling an antitrust inves


$1.92bn cartel fine on Philips, 5 others

  The European Commission imposed the biggest antitrust penalty in its history on Wednesday, fining six firms including Philips, LG Electronics and Samsung SDI a total of 1.47 billion euros ($1.92 billion) for running two cartels


EU to decide on Glencore-Xstrata deal by Nov 8

EU antitrust regulators have set a Nov 8 deadline to decide on whether to allow trader Glencore's $33 billion takeover of miner Xstrata, after months of talks which the companies hope will help avoid forced sales or a lengthier, in-depth pro


Softer rules on bank aid says EU antitrust chief

EU countries that want to bail out struggling banks will continue to have leeway to do so, the official in charge of enforcing antitrust rules said on Thursday, promising to keep rules flexible into next year. Competition Commissioner Joaq


Brand owners can block online sales: EU

The European Commission has unveiled revised antitrust rules allowing luxury brand owners to block online retailers without a bricks-and-mortar shop from distributing their products. In a bid to counter criticism from online retailers such

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