Word: antitrust
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Dates: during 2000-2009
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...taken out of service on opening day. Within a new 53-strong fleet, "you're going to get the occasional problem," says Branson. No sign yet of this tycoon slowing down. Tough Competition In her confirmation hearings before the European Parliament last week, Neelie Kroes, the E.U.'s incoming antitrust chief, described herself as "a tough girl." She'd better be, if she's to take over from Competition Commissioner Mario Monti in November. Huge cases loom, including one with Coca-Cola, and legal and political challenges by software behemoth Microsoft, which Monti fined a record €497 million...
...INDICATORS Merger 2.0 A U.S. judge ruled that softwaremaker Oracle can proceed with its hostile bid for rival PeopleSoft, rejecting U.S. antitrust authorities' bid to block a deal. E.U. officials are still studying the proposed takeover...
NEELIE KROES, incoming E.U. antitrust czar, defending the honorary degree Nyenrode University gave Bill Gates in 1996, when she was its head. Brussels is currently fighting an antitrust case with Microsoft
...Sound Decision? E.U. antitrust regulators seem ready to approve the merger of Japan 's Sony Music with German label BMG, forming the world's biggest recorded-music firm...
Under pressure from foreign competition, and with the antitrust lawyers looking the other way, Wall Street tumbled into a fever of mergers, leveraged buyouts, massive restructurings and corporate raids. It was painful, it was chaotic, it hurt a lot of workers, both blue and white collar. But in the end it seems to have produced a more competitive economy, with companies more nimble, more responsive to customers and more innovative, even if their workers felt less secure or loyal. The 1980s shakeout helped prime the economy for its leap into the high-productivity, technology-fueled boom of the next decade...