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"The legal precedent is not on the side of the FTC," said Andre Barlow, an antitrust lawyer at Doyle, Barlow & Mazard PLLC. Barlow pointed to three recent mergers challenged by the FTC or Justice Department that were ultimately allowed to proceed. Those cases share something else in common with the proposed Microsoft deal: in each instance, a company would merge with a supplier in a so-called "vertical" merger. "Vertical merger challenges are really difficult to win so it will be an uphill battle for the FTC," said Roger Alford, who teaches law at the University of Notre Dame. Reuters reported last month that Microsoft was expected to offer remedies to EU antitrust regulators in the coming weeks to stave off formal objections to the deal.
Dollar soft as China reopening hopes boost risk sentiment
  + stars: | 2022-12-05 | by ( ) www.reuters.com   time to read: +2 min
SINGAPORE, Dec 5 (Reuters) - The dollar struggled to gain a foothold on Monday and was languishing at five-month lows as traders looked past stronger than anticipated U.S. jobs data, while growing hopes of China reopening boosted risk sentiment. The dollar index , which measures the currency against six major peers including the yen and euro, was down 0.18% at 104.28, its lowest since June 28. "With limited data to drive this week and no Fed speakers, the market may start to think for itself and look at massaging exposures ahead of next week," Weston added. Also, weighing on the dollar was growing hopes of China slowly reopening, with more Chinese cities announcing an easing of coronavirus curbs on Sunday. The Japanese yen weakened 0.11% versus the greenback at 134.46 per dollar, having gained 3.5% on the greenback last week.
Some industrial giants in particular gas-heavy industries like chemicals have begun shifting production and sourcing from elsewhere, while others are switching from gas to coal or oil - spelling trouble for their carbon footprint. read moreBMW (BMWG.DE)BMW consumes around 3,500 gigawatt hours (GWh) of energy annually in Germany and Austria, three-quarters of which comes from natural gas. The carmaker can reduce its gas intake by at least 15% compared to last year, the company's chief financial officer said on Monday. LINDEThe world's largest industrial gas company said in July it produced gases which were critical from a medical or process safety perspective and so believed it would be prioritised for gas allocation from Germany' government. read moreA spokesperson declined to provide further information, saying an update would be provided later in October in line with third quarter results.
Industrial giants, in particular gas-heavy industries like chemicals, have begun shifting production and sourcing from elsewhere. It is now sourcing some of its ammonia from outside of Europe, where prices are lower, a spokesperson said. read moreBMW (BMWG.DE)BMW consumes around 3,500 gigawatt hours (GWh) of energy annually in Germany and Austria, three-quarters of which comes from natural gas. Chief executive Dominik von Achten said the company was shifting production at plants to times when power prices were lower, such as weekends. LINDEThe world's largest industrial gas company said in July it produced gases which were critical from a medical or process safety perspective and so believed it would be prioritised for gas allocation from Germany' government.
T-Mobile US transmits clear signal to investors
  + stars: | 2022-09-09 | by ( ) www.reuters.com   time to read: +2 min
NEW YORK, Sept 9 (Reuters Breakingviews) - T-Mobile US (TMUS.O) is sending a clear signal about the benefits of being bigger. The $182 billion company announced a $14 billion share buyback program on Thursday, reflecting the fact that both profit and subscriber numbers are rising. Fears that mobile prices would rise when T-Mobile acquired SoftBank’s Sprint have not materialized, allaying at least one of the potential objections to the merger. Last quarter, it raised its forecast for additional subscribers for this year to as high as 6.3 million from a previous high of 5.8 million. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
[1/2] Pipes at the landfall facilities of the 'Nord Stream 1' gas pipeline are pictured in Lubmin, Germany, March 8, 2022. read moreThursday's flows were back at 40% capacity, Nord Stream figures showed. In a call with reporters, Kremlin spokesman Dmitry Peskov said that Russia remains "a very important and indispensable part of European energy security". He rebuffed accusations by some Western politicians, including European Commission President Ursula von der Leyen, that Russia was using energy supplies to "blackmail" Europe. He said that because of sanctions imposed by the European Union, Nord Stream 1 faced challenges in equipment maintenance.
Persons: Hannibal Hanschke, Vladimir Putin, Dmitry Peskov, Putin, Ursula von der Leyen, Peskov, David Goodman, Philippa Fletcher Organizations: REUTERS, Gazprom, Moscow, Siemens Energy, European, European Union, Reuters, Thomson Locations: Lubmin, Germany, Russia, Ukraine, Europe, Russian, Canada, Nord
Editor’s Note: Wrestler Navid Afkari was executed by the Iranian government on September 12, 2020. On that fateful morning, he learned that another Iranian wrestler, Navid Afkari, had been executed, hanged for a crime that his family and friends say he didn’t commit. The spirit of wrestling is deeply engrained in Iranian culture, where it has transcended the arena of sport. The executionAccording to the Afkari family, his final days were brutal, but there wasn’t necessarily any reason to think that the end was near. Iranians in Canada on Mel Lastman Square demonstrate against the execution of wrestler Navid Afkari by the Iranian regime, in Toronto, Ontario in September 2020.
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