Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    StockNews24StockNews24
    Subscribe
    • Shares
    • News
      • Featured Company
      • News Overview
        • Company news
        • Expert Columns
        • Germany
        • USA
        • Price movements
        • Default values
        • Small caps
        • Business
      • News Search
        • Stock News
        • CFD News
        • Foreign exchange news
        • ETF News
        • Money, Career & Lifestyle News
      • Index News
        • DAX News
        • MDAX News
        • TecDAX News
        • Dow Jones News
        • Eurostoxx News
        • NASDAQ News
        • ATX News
        • S&P 500 News
      • Other Topics
        • Private Finance News
        • Commodity News
        • Certificate News
        • Interest rate news
        • SMI News
        • Nikkei 225 News1
    • Carbon Markets
    • Raw materials
    • Funds
    • Bonds
    • Currency
    • Crypto
    • English
      • العربية
      • 简体中文
      • Nederlands
      • English
      • Français
      • Deutsch
      • Italiano
      • Português
      • Русский
      • Español
    StockNews24StockNews24
    Home » Europe’s top court rules for Intel to end long-running antitrust case
    Cryptocurrency News

    Europe’s top court rules for Intel to end long-running antitrust case

    userBy userOctober 24, 2024No Comments1 Min Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    BRUSSELS (Reuters) – The EU Court of Justice, Europe’s top court, ruled on Thursday in favour of Intel, ending a nearly two-decade-long fight between the U.S. chipmaker and EU regulators who had said it had tried to thwart a rival.

    “The Court of Justice dismisses the Commission’s appeal, thereby upholding the judgment of the General Court,” the court said.

    The European Commission had fined Intel for giving rebates to computer makers Dell, Hewlett-Packard Co, NEC and Lenovo for buying most of their chips from Intel, which regulators said was an attempt to block Advanced Micro Devices.

    Regulators generally oppose rebates offered by dominant companies because they fear they may be anticompetitive, while companies say enforcers must prove discounts have anticompetitive effects before companies are sanctioned.

    EU regulators had initially fined Intel 1.06 billion euros ($1.14 billion) but a lower tribunal scrapped that.

    Intel’s case was boosted earlier this year when an adviser to the court said regulators had not properly performed an economic analysis.

    ($1 = 0.9285 euros)

    (Reporting by Makini Brice; editing by Charlotte Van Campenhout and Jason Neely)



    Source link

    Share this:

    • Click to share on Facebook (Opens in new window) Facebook
    • Click to share on X (Opens in new window) X

    Like this:

    Like Loading...

    Related

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleInvesting in Koninklijke Philips (AMS:PHIA) a year ago would have delivered you a 76% gain
    Next Article Want $300 in Dividends Every Month? Invest $20,000 in Each of These 3 Stocks
    user
    • Website

    Related Posts

    What Does It Mean to Be Risk Neutral as an Investor?

    January 18, 2025

    SLB boosts dividend and buybacks, but warns of oil oversupply

    January 17, 2025

    Intel Stock Soars as Takeover Speculation Spreads

    January 17, 2025
    Add A Comment

    Leave a ReplyCancel reply

    © 2025 StockNews24. Designed by Sujon.

    Type above and press Enter to search. Press Esc to cancel.

    %d