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Daimler Q4 earnings dip 29 percent on anti-trust set-aside

2015-02-05 10:08:25| Auto Dealers - Topix.net

German car and truck maker Daimler AG says net profit fell 29 percent in the fourth quarter as the company set aside 600 million euros for potential costs from a European Union anti-trust investigation of truck makers. Net profit for the October to December quarter fell to 1.187 billion euros from 1.676 billion in the year-earlier quarter.

Tags: percent earnings dip antitrust

Chinese Equipment Importer ICP Files Antitrust Suit Against Caterpillar, Komatsu and Volvo

2015-01-30 23:08:17| ENR.com: Headline News

Lawsuit alleges major equipment companies set up illegal barriers to Chinese equipment coming to America.

Tags: equipment icp files chinese

Sale of Sigma-Aldrich to Merck gets antitrust approval

2014-12-24 11:00:45| Chemicals - Topix.net

Merck KGaA's pending $17 billion purchase of St. Louis-based Sigma-Aldrich Corp. has cleared U.S. antitrust hurdles. The acquisition's waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired Monday, Sigma-Aldrich officials said in a release .

Tags: sale approval merck antitrust

TripAdvisor fined EUR 500,000 by Italian antitrust watchdog

2014-12-23 09:30:00| Telecompaper Headlines

(Telecompaper) Italy's antitrust and competition authority has fined the website TripAdvisor a total of EUR 500,000 for failing to control false reviews. The decision came after numerous complaints of improper business practices were filed by hoteliers' association Federalberghi, the country's consumer protection agency as well as Italian consumers. The regulator said in a statement that TripAdvisor had presented the reviews as "authentic and genuine" without taking measures to avoid contributors publishing false opinions. The misleading commercial practice had been in place since September 2011, and was still ongoing, said the antitrust authority. TripAdvisor replied that it disagreed with the decision and would appeal. "Our systems and procedures are extremely efficient in protecting consumers from a small minority of people who try to cheat our system," it said in a statement, adding that "we firmly believe that TripAdvisor is a force for good, both for consumers and the hospitality industry." The regulator gave TripAdvisor 30 days to pay the fine and 90 days to submit the measures it will be taking to prevent the further spread of unfair business practices.

Tags: eur italian tripadvisor antitrust