Word: antitrusters
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...Wednesday The European Commission agreed with Intel's opponents as it fined the chipmaking giant a record $1.45 billion for skewing the market. The Commission - the European Union's antitrust authority - said Intel tried to squeeze out competition by paying PC makers and retailers not to use rival chips. The Commission's 542-page ruling also contained a cease-and-desist order, requiring the Santa Clara-based company to change its business practices in Europe. (See pictures of the financial crisis in London...
...copyright infringement and the future revenue sharing agreement is unfair and that the license-by-default (authors have to opt out by May 2010 to not be included in the database) is illegal. Consumer Watchdog and Internet Archives have both filed suits objecting to the settlement based upon antitrust law.However, amidst all the uproar, and the settlement’s 134 pages of legalese, a real issue has been ignored. No one has questioned the good of the digital library. The worry is that a commercial digital database will ultimately be damaging. However, history has shown that even a freely...
...producer based in Calgary, Canada, whose biggest asset is an oil and gas field 100 miles (160 km) southwest of Tripoli. That thwarted a $390 million bid that China National Petroleum Corp. had made to acquire Venerex. Beijing hasn't done itself any favors either. It blocked--on antitrust grounds that analysts considered flimsy--a bid by Coca-Cola to buy a large, privately owned fruit-juice producer in China. "It gives [foreign] governments ammunition to use against Chinese acquisitions that wasn't available before," acknowledges a Hong Kong--based investment banker who is working on one of the resource...
...Antitrust lawyers in Beijing were befuddled by the Ministry of Commerce's ruling. "From a purely competitive point of view, this would not have affected the [nonalcoholic-beverage] market," says Michael Gu, a lawyer specializing in corporate finance with the Zhong Lun Law Firm. Before the ruling, a source close to the deal from the Coca-Cola side said, "There is just not a competition issue, no matter how you look at it." He called the proposed acquisition a "marriage made in heaven...
...China's new antitrust law contains provisions allowing the government to protect national brands. And it's true that Beijing is hardly the first government to kill a foreign acquisition for political reasons, even in defense of less-than-strategic industries. The French rescued yogurt company Danone from the clutches of PepsiCo a few years ago. But Beijing didn't justify its decision on "national economic development" grounds, the part of the law that allows protection of popular brands. It cited the need to protect consumers, an unconvincing reason to some legal experts...