U.S. executives learn the hard way about Mario Monti; EU's antitrust chief is tough on their mergers

Article Abstract:

Mario Monti is considered somewhat tough and exacting in his decisions regarding large mergers with global implications. He has held the post in the European Commission for only one year but he has a reputation. He is an economist and a university professor by training and brings those skills to this job. WorldCom plans to appeal Mr. Monti's blockage of its merger with Sprint.

International economic relations, Mergers & Acquisitions, Planning, International aspects, Antitrust law, Monti, Mario

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EU Commission quits more inquiries on bank Euro fees

Article Abstract:

The European Commission halts further investigation of the fees charged by a number of leading European banks to convert Euro currencies.

Financial management, Government regulation, Exchange Rates, Functions related to deposit banking, Foreign Exchange Dealers, Commodity Contracts Dealing, Banking industry, Prices and rates, Foreign exchange, Euro (Currency), Bank fees

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Telia, Telenor get go ahead for merger

Article Abstract:

European Commision has approved merger of Norway's telecommunications provider Telenor ASA and Sweden's Telia AB. As condition for approval of the merger, Telenor and Telia have agreed to open up their local telephone networks, divest their mobile telephone businesses and other telecommunications services as well as cable television systems.

Asset sales & divestitures, Acquisitions & mergers, Communications, Broadcasting and Telecommunications, Sweden, Communications Equipment Manufacturing, Communications Equipment, Norway, Merger Regulation, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Mergers, acquisitions and divestments, Telecommunications services industry, Telecommunications industry, Acquisitions and mergers, Telecommunications equipment industry, Telecommunications equipment, Telia AB, Corporation law, Telenor A/S

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