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Intel loses appeal against 1.06 billion European antitrust fine

2014-06-12 11:18:14| InfoWorld: Top News

Intel lost its appeal against a 1.06 billion (US$1.44 billion) antitrust fine on Thursday when the General Court of the European Union upheld a 2009 ruling by the European Commission that the company had abused its dominant market position. The Commission had found that Intel had abused its dominant position by offering rebates to customers on the condition they buy all their x86 CPUs from the company.

Tags: fine european intel billion

 

Intel loses appeal against $1.44 billion European antitrust fine

2014-06-12 11:18:14| InfoWorld: Top News

Intel lost its appeal against a 1.06 billion ($1.44 billion) antitrust fine on Thursday when the General Court of the European Union upheld a 2009 ruling by the European Commission that the company had abused its dominant market position. The Commission had found that Intel had abused its dominant position by offering rebates to customers on the condition they buy all their x86 CPUs from the company.

Tags: fine european intel billion

 
 

Telefonica loses Cade appeal, considers Brazil options

2014-06-06 09:19:00| Telecompaper Headlines

(Telecompaper) Telefonica has lost its appeal against the ultimatum issued by Brazil's anti-trust regulator, Cade, at the end of 2013 to scale back its influence in the Brazilian telecoms sector. In a decision issued on 05 December, Cade ordered Telefonica to either sell its interest in TIM Participacoes (Tim Brasil), the local unit of Telecom Italia, or find a new partner for its own Vivo unit. The regulator also confirmed a fine of BRL 15 million imposed on Telefonica for breaching a performance agreement signed in 2010, in which the Spanish group agreed not to participate in TIM Brasil's management decisions or raise its stake in Telecom Italia. Telefonica has a timeframe of 18 months in which to comply with Cade's ruling. However, according to Brazilian daily Estadao, Telefonica is now considering taking the matter to the civil courts on the grounds that the agreement to raise its stake in Telecom Italia through investment vehicle Telco will not have repercussions on the Brazilian market, since the corresponding shares are without voting rights. The situation is complicated by the fact that the Telefonica-led Telco partnership is due to be unravelled later this month, with two of the Italian shareholders, Generali and Mediobanca, planning to exit the holding.

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Telefonica loses appeal over Vivo, TIM Brasil ownership

2014-06-06 02:00:00| Total Telecom industry news

Spanish incumbent expected to go to court in bid to prove that increasing its Telecom Italia stake will not hurt competition in Brazil.

Tags: brasil ownership tim appeal

 

US: New York soda ban appeal resumes in court - report

2014-06-05 13:03:00| Daily beverage news and comment - from just-drinks.com

A legal bid to ban large, high-sugar soft drinks in New York City has resumed in court, according to reports.

Tags: report york court appeal

 

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