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Australian court clears Air NZ over price fixing

2014-10-31 21:06:48| Airlines - Topix.net

Air New Zealand and PT Garuda Indonesia have won their bid to dismiss action against them in Australia claiming the airlines were part of a global cartel to fix prices in international air freight services. In the Australian Federal Court, Justice Nye Perram dismissed the Australian Competition and Consumer Commission claim against the airlines, the only two to defend the action, accepting their defence that the surcharges interfered with competition in Hong Kong, Singapore and Indonesia, but not in Australia.

Tags: price air court australian

Level 3, tw telecom deal clears FCC and stockholder approvals

2014-10-29 18:58:31| Telecom - Topix.net

Level 3 Communications cleared two major decisions in its move to acquire tw telecom, announcing that both the FCC and the stockholders of both companies have approved its acquisition of the competitive provider. During the tw telecom stockholder's meeting, 86.2 percent of the tw telecom shares outstanding were voted in favor of the adoption of the merger agreement between tw telecom and Level 3. Likewise, at the Level 3 stockholders' meeting, 99.7 percent of the Level 3 shares voting at the meeting were voted in favor of the issuance of shares of Level 3 common stock to tw telecom stockholders in the acquisition.

Tags: level deal telecom approvals

FCC clears Level 3 purchase of TW Telecom

2014-10-25 20:42:27| Telecom - Topix.net

The Federal Communications Commission on Friday gave the go ahead for Level 3 Communications Inc.'s $5.3 billion purchase of TW Telecom Inc. The FCC approval comes days before the shareholders of both Denver metro-area telecoms vote on the cash and stock deal. Broomfield-based Level 3 and Douglas County-based TW Telecom announced the cash and stock deal June 16. The overall deal's value reaches $7.3 billion including TW Telecom's $1.6 billion in corporate debt.

Tags: level purchase telecom fcc

Samsungs new 20nm DDR4 clears the way for massive 128GB DIMMs

2014-10-23 17:35:38| Extremetech

Samsung's new DDR4 memory is debuting on 20nm technology and targeting huge density improvements. The company claims it can build 128GB modules today -- a far cry from DDR3's current maximum of just 32GB.

Tags: massive clears samsungs dimms