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Wednesday, 5 December 2012 - Google talks continuing, no antitrust decision yet: EU's Almunia |
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CNBC's John Carney looks at the fascinating role private jets in and out of New Jersey's Teterboro Airport played in the latest round of insider trading allegations.  Read more at Counterparties  Return of the McMansion Another victim of the fiscal cliff: doctor's pay Sign up to get Counterparties by email! Follow Reuters Facebook Twitter RSS YouTube Read Egypt's Mursi leaves palace as police battle protesters | 04 Dec 2012 Iran says extracts data from U.S. spy drone 10:36am EST French men not producing as much sperm 7:32am EST IRS aims to clarify investment income tax under healthcare law 03 Dec 2012 Citigroup cutting 11,000 jobs, taking $1 billion in charges | 10:34am EST Discussed 161 Egyptian protesters breach presidential palace cordon 137 IRS aims to clarify investment income tax under healthcare law 104 Obama’s opening ”fiscal cliff” bid seeks debt limit hike, stimulus Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption  Syria's displaced animals A look at animals caught in the crossfire of the Syrian civil war.  Slideshow  Seattle's marijuana experts Voters in Washington state approved an initiative legalizing marijuana. A look inside Canna Pi, a medical marijuana dispensary in Seattle.  Slideshow  Sponsored Links Google talks continuing, no antitrust decision yet: EU's Almunia Tweet Share this Email Print Related News EU imposes record $1.9 billion cartel fine on Philips, five others 10:53am EST CORRECTED-Philips, LG Electronics, 4 others fined 1.47 bln euros for EU cartel 6:17am EST UPS, TNT plan asset sales to clear EU antitrust hurdle Fri, Nov 30 2012 Spain to overhaul rescued banks as condition of aid Wed, Nov 28 2012 EU details conditions for Glencore-Xstrata green light Thu, Nov 22 2012 Analysis & Opinion Brexit could come before Grexit Related Topics Investing Simplified » Tech » Media » Regulatory News » Breakingviews » European Union Competition Commissioner Joaquin Almunia gestures during a news conference at the EU Commission headquarters in Brussels December 5, 2012. Credit: Reuters/Laurent Dubrule By Foo Yun Chee BRUSSELS | Wed Dec 5, 2012 9:26am EST BRUSSELS (Reuters) - EU antitrust regulators have not yet made a decision in their case against Google and are still talking to the Internet search firm to resolve complaints that it used its clout to block rivals, the EU's competition chief said. The world's most popular search engine offered concessions to the European Commission in July to try to head off a possible fine of up to $4 billion or 10 percent of its 2011 revenues if the regulators find Google breached the rules. The EU executive Commission is examining the proposals before deciding whether to accept them or demand more. "We are in the process of conversation with Google to try to reach a settlement, but we are not there yet," EU Competition Commissioner Joaquin Almunia told a news conference on Wednesday. Complainants against Google include Microsoft and smaller rivals in Britain, Germany, France, Spain, Italy and the United States. MARKET TEST FOR UPS-TNT DEAL Almunia also said a market test of concessions proposed by U.S.-based UPS last Friday to allay regulatory worries over its proposed takeover of Dutch peer TNT showed competitors and third parties were not satisfied with the offer. "We have come back to the parties, informing them of some of our concerns, given the result of the market test. They are in conversation with the case team, I am following very, very closely this conversation," he said. Almunia's spokesman Antoine Colombani said the market test was continuing. A person familiar with the matter said respondents still had till the end of the day to provide their feedback. UPS has offered to sell assets and provide rivals with access to its planes, concessions which analysts say are unlikely to satisfy regulators. Almunia said there was still time before the Commission decided on the takeover, suggesting that UPS could still sweeten its offer. The regulator has set a February 5 deadline for its decision. (Reporting by Foo Yun Chee; editing by Rex Merrifield) Investing Simplified Tech Media Regulatory News Breakingviews Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. 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