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Shareholders are calling for the resignation of BAE Systems Plc Chairman Dick Olver after merger plans with European Aeronautic, Defense & Space Co. collapsed. Among its biggest shareholders is U.S. fund Invesco Ltd. With a 13.4 percent stake in the company; Invesco sent a memo to BAE management calling for both Olver and independent director… Continue reading U.K.: Calls for BAE Chairman to resign after failed merger

The $1.1 billion settlement over the price-fixing of LCD flat-screen makers in the U.S. is now up for grabs to consumers. The case was settled among several LCD manufacturers and electronics companies including AU Optronics, G Display and Toshiba, who collectively agreed to pay $543.5 million in a multi-state case. $692 million of the fine… Continue reading U.S.: Settlement fees available for LCD consumers

The Office of Fair Trading may soon be able to block firms’ consumer credit licenses and immediately halt lending of bad loans if proposed legislation into the matter is approved. The OFT proposed the changes last July to strengthen consumer protection against debt collectors and fraudulent, violent or dishonest lenders. While the OFT currently has… Continue reading U.K.: OFT aims to increase power to immediately block fraudulent lenders

The Croatian Competition Agency has issued its first enforcement of anticompetitive laws since its policy overhaul two years ago with the Croatian Competition Act. The CCA, before the reforms, had to make separate court filings to issue violations and fines. The CCA did not immediately enforce its newfound powers, however, and have only just administered… Continue reading Croatia: CCA issues first violation since competition law overhaul

Competition authorities are currently reviewing a proposal from Aegean Airlines to acquire 100 percent of its main competitor Olympic Air from Marfin Investment Group after the deal was recently settled by the two companies. Aegean is set to pay $A91 million for the airline, to be paid in installments, if authorities agree. A similar deal… Continue reading Greece: Aegean to acquire rival pending authority approval

SOK and Kesko, close competitors in the Finnish grocery retail market, are contesting amendments proposed by the Ministry of Employment and the Economy to grocery trade laws, arguing that the changes would restrict competition and increase prices. The Ministry has proposed a defined dominant market position as having 30 percent market share; both SOK and… Continue reading Finland: Retail conglomerates fight grocery trade legislation changes

Texas state Judge Don Cosby was recently recused from a lawsuit filed against Sabre Inc. by American Airlines Inc. The motion to recuse was filed by Sabre Inc. after the company suggested the public could perceive bias due to the fact American Airlines made donations to Lena Pope Children’s Home, a charity which Judge Cosby… Continue reading U.S.: American Airlines/Sabre antitrust suit possibly delayed due to judge recusal

In an agreement between the Federal Trade Commission and Web analytics company Compete reached yesterday, Compete has agreed to make changes to its Web-tracking process. The FTC charged the company with “unfair or deceptive” practices in the collection of consumers’ information without their consent or notification of what information was being collected. Among other changes,… Continue reading U.S.: FTC settles with Compete in improper information collection charge

An executive board member of Germany’s largest steelmaker faces possible dismissal from his position for alleged violations of antitrust laws. ThyssenKrupp AG has hired legal representatives to investigate whether Edqin Eichler violated competition laws in the railway-steel market; Eichler declined to comment on the probe. A unit of ThyssenKrupp was fined $134 million last July… Continue reading Germany: ThyssenKrupp board member investigated over alleged antitrust violations

According to AGL Energy chief executive Michael Fraser, AGL has cut marketing efforts and certain customer discounts due to recent decisions by the Queensland Competition Authority and the Essential Services Commission of South Australia to cap energy prices. Fraser is voicing concerns over the effects of the decisions, arguing that they pose a threat to… Continue reading Australia: Government price cuts threaten electricity market, says AGL