Obama vows antitrust crackdown

May 11, 2009, 22:03 (10 Talkback[s])

[ Thanks to Vikram for this link. ]

"Among the bigger cases, Microsoft (MSFT, Fortune 500) was fined $1.2 billion by the European Commission in February 2008 after it was found to be pricing out rivals and refusing to comply with the court's previous antitrust decision.

"Similarly, European Union antitrust regulators are expected to say Wednesday that Intel Corp. (INTC, Fortune 500) unfairly paid computer makers to delay or even cancel products that contained chips made by rival AMD (AMD, Fortune 500), according to reports.

"Varney said the U.S. Justice Department plans to closely align itself with the European Union to streamline antitrust regulation. "I don't think you'll get a better result from one jurisdiction than another," she said."

Complete Story

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