Community News

DoJ clears American's Aerolineas stake

Premium 01 August 1998

The US Department of Justice (DoJ) has cleared American Airlines’ proposed acquisition of around 8.5 per cent of Aerolineas Argentinas after American agreed to restructure the deal.

Lockheed/ Northrop deal collapses

Premium 01 August 1998

Lockheed Martin and Northrop Grumman have called off their planned US$11 billion merger ahead of a scheduled September trial date for the DoJ’s attempt to block the merger.

AT&T to buy TCI

Premium 01 August 1998

The largest telecoms group in the United States, AT&T, announced plans to buy the country’s largest cable TV company, Telecommunications Inc, for a mammoth US$45.5 billion.

Court victory for Microsoft

Premium 01 August 1998

A month after the DoJ launched a broad antitrust suit against Microsoft, a Washington appeals court accepted Microsoft’s argument that bundling its browser software into Widows constituted a technological improvement for consumers - a decision that opened the way for a subdued retail launch of Windows 98.

Intel rejects monopoly claims

Premium 01 August 1998

Chip-maker Intel has rejected the Federal Trade Commission (FTC)’s accusations that it applied monopoly power to limit competition, denying it had used unfair tactics in its relations with computer companies.

Credit Lyonnais

Premium 01 August 1998

The European Commission and the French government have reached agreement over state aid to the French state-owned bank Crédit Lyonnais - four years after the Commission began investigating the case.

Kirch/ Bertelsmann/ DT

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The European Commission has prohibited the proposed digital television deal between Kirch, Bertelsmann and Deutsche Telekom after a last-minute compromise was rejected by Bertelsmann.

EU probes BSkyB

Premium 01 August 1998

British television broadcaster BSkyB, whose interactive television venture has already attracted Commission scrutiny, is facing a further inquiry over its plans to provide its multi-channel television service to cable operators in the UK.

Ladbrokes/ Coral deadline extended

Premium 01 August 1998

The UK Department of Trade has given the Monopolies and Mergers Commission more time to conclude its inquiry into the acquisition by Ladbrokes of the Coral betting assets of Bass.

Cola wars shift to Italy

Premium 01 August 1998

Italian antitrust regulators are investigating Coca-Cola Co following complaints from PepsiCo Inc that it is blocking Pepsi’s access to beverage wholesalers by rewarding them for stocking exclusively Coca-Cola products.