Kroger, Albertsons unions, antitrust experts urge FTC to block merger -letter

Kroger Co’s (KR.N) acquisition of Albertsons Companies Inc (ACI.N) could exacerbate income inequality through job losses and eroding wages at a time of high inflation, a group of the retailers’ biggest unions and antitrust experts wrote in a letter seen by Reuters on Thursday. “In many markets across the country, grocery competition would cease, likely […]

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Nissan says talks with Renault focused on better competing in electric cars

Nissan Motor Co’s (7201.T) talks with Renault SA (RENA.PA) on revamping their alliance are focused on strengthening competitiveness as equal partners and getting the most from their investment in electric cars, the Japanese automaker’s CEO said. The negotiations with Renault, Nissan’s top shareholder, have less than two weeks remaining to meet a Nov. 15 target […]

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Telcos push EU to make Big Tech pay for network costs

Telecom operators are pushing the European Union to implement new laws that would make Big Tech pay for network costs, following Australia’s example, according to four sources close to the matter. Europe’s telecoms operators have lobbied for a financial contribution from U.S. tech firms such as Alphabet’s Google (GOOGL.O), Meta’s Facebook (META.O) and Netflix (NFLX.O), […]

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Australian watchdog to take Dell to court for alleged misleading cost claims

Australia’s competition regulator said on Friday it would take the local unit of U.S. computer firm Dell Technologies Inc (DELL.N) to court for allegedly misleading people about the cost of buying add-on monitors. The Australian Competition and Consumer Commission (ACCC) said between August 2019 to Dec. 16, 2021, Dell Australia allegedly made false or misleading […]

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