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Latest Neelie Kroes Stories

2009-09-03 14:56:33

The European Commission said it would investigate Oracle's $7.4 billion proposal to buy technology giant Sun Microsystems on antitrust concerns. Oracle and Sun are both competitors in the global database market. Neelie Kroes, the European commissioner for antitrust issues, said regulators would very carefully examine the deal that has approval from Sun shareholders and the U.S. Justice Department, The New York Times reported Thursday. The deal was proposed in April. Oracle, the world's second...

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2009-05-30 09:00:00

European Union regulators are negotiating with Microsoft Corp. to force it to include Internet browser choices in its Windows operating system, sources say. The long-running battle between EU Competition Commissioner Neelie Kroes and the U.S. software giant has reached a new stage as efforts to make Microsoft unbundle its Internet Explorer Web browser from Windows have been superceded by a push to instead make it include an array of browser choices to be picked by the user on a ballot screen,...

2009-05-13 08:35:16

The European Commission Wednesday fined Intel a record $1.4 billion, saying the U.S. firm abused its dominance in the computer chip field to curb competition. Neelie Kroes, EU competition commissioner in Brussels, said the penalty was justified against Intel because the world's largest chip maker skewed competition and denied consumers any choice, The New York Times reported. Intel used illegal anti-competitive practices to exclude its only competitor and reduce consumers' choice -- and the...

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2009-05-13 09:35:00

Intel Corp was fined by the European Commission a record $1.45 billion on Wednesday and directed to freeze illegal rebates along with any other practices being used to beat out its competition, Advanced Micro Devices (AMD). The Commission found that the world's biggest chipmaker, Intel, paid to have computer manufacturers and retailers to not introduce products using AMD chips, and offered illegal rebates to encourage the use of Intel chips as well as paid a retailer to stock computers with...

2009-03-20 15:57:23

Carmaker Renault's plans to move some production from Slovenia to France ignited protectionist worries and a quick reaction at a Brussels summit meeting. A company spokeswoman said Renault planned to increase production in both countries, but French industry minister Luc Chatel said in a radio broadcast the automaker planned to relocate production, creating 400 jobs in Flins, France, near Paris. EU competition commission Neelie Kroes said she would seek clarification on the issue as Chatel...

2008-10-02 00:00:18

Business News In Brief PETROCHEMICALS The European Commission fined nine petrochemicals companies a total of 676m (534m) yesterday for forming a "paraffin mafia" to fix prices and carve up markets for paraffin wax, although Shell escaped a 96m fine because it blew the whistle. "There is probably not a household or company in Europe that has not bought products affected by this 'paraffin mafia' cartel, with all that implies in terms of paying over the odds, higher costs and economic...

2008-07-17 09:00:49

By From news reports The European Commission moved Wednesday to break up a system of national monopoly organizations that collect money for composers and song writers when their music is used on radio and television, in nightclubs or over the Internet. The competition commissioner, Neelie Kroes, said the current system is outdated and inefficient for artists and for media organizations. But musicians, including Robin Gibb of the Bee Gees and Paul McCartney, have warned that the changes...

2008-06-27 09:02:54

EU fines aluminum fluoride producers for price fixing BRUSSELS, June 25 (Xinhua) -- The European Commission Wednesday fined aluminum fluoride producers 4.97 million euros (7.7 million U.S. dollars) for price fixing. Six companies from Italy, Switzerland, Tunisia, Mexico and Norway were found to have set worldwide target prices and divided markets in the second half of 2000, creating a cartel. The Commission said its investigation was triggered by an application for immunity from...

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2008-02-27 12:45:00

Microsoft Corp. was fined by The European Union for a record $1.3 billion Wednesday accusing the Redmond, Washington firm of imposing "unreasonable prices" on rival software developers who wanted to make their products compatible with Windows operating systems.Microsoft has been engaged in a long-lived antitrust disagreement with the EU. The current, record-breaking amount being demanded brought the total amount of fines imposed to just under $2.5 billion. EU regulators said Microsoft was the...

2006-07-12 09:38:28

By David Lawsky and Sabina Zawadzki BRUSSELS (Reuters) - European Union regulators fined Microsoft 280.5 million euros ($357.3 million) on Wednesday for defying a 2004 antitrust ruling, and warned the company to comply or face bigger fines from next month. The tough new penalty is the first of its kind and comes on top of a record 497 million euro fine the Commission imposed in its landmark antitrust decision against Microsoft in March 2004. "The EU Commission cannot allow such...


Word of the Day
pungle
  • To take pains; labor assiduously with little progress.
This word comes from the Spanish 'pongale,' put it.
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