Chipmaker Intel hit with antitrust suit

Article Abstract:

Intel is facing an antitrust lawsuit filed by the Federal Trade Commission (FTC) for alleged withholding of key technical information from the company's computer-making rivals. The move was taken by the FTC following Intel's refusal to supply the vital information to rival chipmakers Intergraph and Digital Equipment after they sued the Pentium maker. Aside from the challenge raised by the two other chipmakers, Compaq, the world's largest PC maker, also faced the same dillema when Intel refused to provide the necessary information on running Pentium in the PC maker's computers. Intel, on the other hand, argues that its previous actions was necessary as part of its right to defend intellectual property from competitors.

Comment:

Is facing an antitrust lawsuit filed by the Federal Trade Commission for alleged withholding of key technical information

Semiconductor Devices, Semiconductor and Related Device Manufacturing, Intel Corp., Article

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CD complaints lead to brokerage fine

Article Abstract:

Edward D Jones and Co has entered into an agreement with the New York Stock Exchange to settle allegations that the brokerage firm improperly handled the sale of "callable" certificates of deposit valued at $3 billion. The stock exchange also charged that the firm failed to inform investors, which were mostly senior citizens, of the risks involved. Under the agreement, the firm paid the $200,000 fine without admitting or denying the stock exchange's allegations.

Securities Brokerage

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Insurers get more time for Medicare decision

Article Abstract:

The US federal government announced on May 29, 2001 that it will give health plans nearly three months to decide if they will continue offering coverage to seniors in 2001. The change is being made by the Bush administration because it believes that the extra time may mean fewer insurers will quit the program, which has struggled during the past three years because several insurers pulled back or cancelled participation.

Insurance, Insurance Carriers and Related Activities

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