Word: antitrust
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...firms the proceeds from antidumping duties collected from imported goods sold below market price. Washington said it would work to resolve the issue. Too Close For Comfort After only three days in the role, Neelie Kroes, the E.U.'s controversial Competition Commissioner, recused herself from five of Brussels' antitrust investigations, citing conflicts of interest stemming from her past business links. DVD killed the VHS star Dixons , Britain's leading electrical retailer, called an end to its sales of the video cassette recorder. The high-street chain said sales of DVD players now outstripped VCRs...
...rock and a hard place," reckons Credit Suisse First Boston economist Neville Hill: buoyant oil prices are contributing to higher inflation, but the bank can't raise rates because that would further strengthen the euro. Right now, the most Trichet can do is complain. Dividing to conquer? Could an antitrust cease-fire between Microsoft and its most bitter rivals spell trouble for the E.U.'s competition police? The software behemoth last week convinced its competitor Novell to lay down arms in exchange for a $536 million payoff; Microsoft also ended a battle with the Washington D.C.-based Computer & Communications Industry...
...Pricing Screened The European Commission ended an antitrust probe into six Hollywood studios after they agreed to scrap contract clauses with European pay-TV broadcasters guaranteeing favorable terms...
...flood of credit-card offers into your mailbox is set to increase following a court decision last week that opened the door for American Express and Discover to pursue your business more aggressively. By opting not to hear the last-possible appeal of an antitrust ruling against MasterCard and Visa, the Supreme Court ended a six-year legal battle over how the two market leaders blocked rivals from partnering with card-issuing banks. American Express announced that it would roll out credit cards with MBNA, and Discover is pursuing new partners too. The change comes at a time when consumers...
...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...