Blawgletter has lately started scanning news reports about the U.S. Justice Department Antitrust Division's bid to block the minnow-eats-whale merger of U.S. Airways and American Airlines. Wowsers.
Let's start by saying we've found that the biz reporters have a not-very-good grasp of antitrust law. A terrible one in fact. They seem to think that whatever
AT&T just told the world that it and Deutsche Telekom would halt the purchase and sale of T-Mobile USA. The press release stated:
AT&T Inc. (NYSE: T) said today that after a thorough review of options it has agreed with Deutsche Telekom AG to end its bid to acquire T-Mobile USA, which began in
Dang. The Antitrust Division has teeth after all.
(Blawgletter called it in March, by the way.)
Per the WSJ, the AD sued to enjoin the deal for AT&T to acquire T-Mobile.
The pact would create the biggest, baddest, anticompetitivest wireless firm in the U.S.
The Division's press release said:
The department’s lawsuit, filed in
Six of the world's biggest air cargo freight-forwarders have signed up to plead guilty to participating in international price-fixing conspiracies and to pay fines totaling just north of $50 million, the Antitrust Division of the U.S. Department of Justice disclosed today.
Freight forwarders serve as the middle persons between outfits that have cargo to ship and carriers that can
The Federal Trade Commission's Bureau of Competition enforces U.S. pro-competition laws in tandem — and at times in competition with — the Antitrust Division of the Department of Justice. Like its DOJ cousin, the Bureau seeks to curb anticompetitive conduct, such as price-fixing and rivalry-reducing mergers. And, more so than in the recent past, it has taken action to