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UK: HSBC profits cut by 13% amid ‘unprecedented’ regulatory scrutiny (Competition Policy International)

by 21st Century Competition | Aug 4, 2014 | Global Blogs

UK bank HSBC has reported a pre-tax profit of about $6.2 billion for the first half of the year, down 13 percent from the same time last year, according to reports. In its report, HSBC says that the bank is facing “significant fines or sanctions” in the wake of...

US: T-Mobile unlikely to accept surprise Iliad bid (Competition Policy International)

by 21st Century Competition | Aug 4, 2014 | Global Blogs

While France wireless operator Iliad’s offer to acquire T-Mobile for $15 billion would likely face fewer regulatory obstacles than Sprint’s bid, unnamed sources say T-Mobile parent company Deutsche Telekom is unimpressed by the offer. Iliad surprised the...

EU: Siemens, Rolls-Royce engineering deal cleared (Competition Policy International)

by 21st Century Competition | Aug 4, 2014 | Global Blogs

The European Commission announced Monday that it has offered approval for a tie-up between Germany’s Siemens and Rolls-Royce assets, according to reports. Siemens will acquire Rolls-Royce for $1.3 billion in a move, the company says, will further cement the...

US: Mintz Levin expands IP practice with Boston hire (Competition Policy International)

by 21st Century Competition | Aug 4, 2014 | Global Blogs

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. announced a new hiring at its Boston office to boost the firm’s Intellectual Property section, according to reports. William Meunier will join Mintz Levin and bring to the firm his extensive history in...

China: Microsoft warned to behave itself (Competition Policy International)

by 21st Century Competition | Aug 4, 2014 | Global Blogs

Soon after reports emerged that Chinese officials are investigating Microsoft for possible anticompetitive behavior, reports say regulators are warning the company to behave itself during the investigation. According to reports, the nation’s State Administration...
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