Massachusetts appealed a federal judge's approval of Microsoft Corp's antitrust settlement with the US government, delaying the end of a 4 1/2-year-old legal challenge that once threatened a breakup of the world's biggest software maker. \nMassachusetts Attorney General Tom Reilly said he filed the appeal today with a federal appeals court in Washington. Seven of the nine states that refused to join the settlement and the District of Columbia said they won't appeal, and West Virginia said it will decide by Monday's deadline. \n"If ever there was a loser on its face, that's it" Ernest Gellhorn, who teaches antitrust law at George Mason University in Arlington, Virginia, said about the Massachusetts appeal. He called US District Judge Colleen Kollar-Kotelly's decision approving the settlement "bulletproof." \nThe appeal frustrates Microsoft's attempt to close the book on the landmark antitrust case. The company agreed to settle the case last year, after an appeals court found it broke the law in protecting its monopoly on the Windows operating system, which runs 95 percent of the world's personal computers. The dissenting states sought tougher restrictions on Microsoft. \nMicrosoft now must continue to devote resources to a case that "was just an enormous drain on executive time and attention," Gellhorn said. \n"Our focus remains on complying fully with the court's judgment, working collaboratively with governments to address important public policy issues and on developing innovative products that will benefit consumers," Microsoft spokesman Jim Desler said. \nReilly said he decided to appeal because the settlement contains "nothing that would change Microsoft's business practices in any significant way." \n"The remedy must send a message that breaking the law does not pay," he said. \nOther states that joined in challenging the settlement said they'll devote their attention to ensuring that Microsoft lives up to the settlement terms instead of pursuing further appeals. \n"Consumer interests are now best served by turning our focus to enforcement," Connecticut Attorney General Richard Blumenthal said. ``Our energies and resources are best devoted to assuring that the court decree has practical, real world benefits -- enabling consumers to have new and better products, higher quality and lower prices." \nCalifornia Attorney General Bill Lockyer declared the antitrust case a triumph for consumers. \n"While not completely satisfying, the court decree closed enforcement loopholes, keeps compliance with the remedies squarely before the court and allows us to turn our attention to making sure that Microsoft competes fairly in the marketplace," Lockyer said in a statement. \nIn addition to Massachusetts, Connecticut, California and West Virginia, the dissenting states included Iowa, Florida, Kansas, Minnesota and Utah, along with the District of Columbia. \nThe states urged Kollar-Kotelly to make Microsoft place its Internet Explorer Web browser in the public domain and manufacture a version of Windows that would allow computer makers to remove Explorer and other features. \nThe judge rejected most of the state requests for tougher restrictions, approving the settlement with the Justice Department and nine other states that requires Microsoft to give computer makers freedom to promote competing products without fear of retribution. \nKollar-Kotelly also ordered Microsoft to make broad disclosure of technical information and use objective standards in granting marketing discounts to computer makers. \nShares of Redmond, Washington-based Microsoft, which have risen 8.8 percent since the judge approved the settlement on Nov. 1, fell US$0.40 to US$57.68 in NASDAQ Stock Market trading. \nMicrosoft still faces the threat of European antitrust enforcers after completing an investigation of the company's move into the market for low-end servers, the hubs of computer networks.
Softbank Group Corp plans to keep a stake in the chip designer Arm Ltd, even if it sells a partial interest to Nvidia Corp, the Nikkei reported. The companies are negotiating terms, the newspaper reported, citing sources. Softbank might take a stake in Nvidia after it buys Arm, the report said. Nvidia and Arm might also merge through a share swap, and Softbank would become a major shareholder in the combined company, it said. The two parties aim to reach a deal in the next few weeks, the sources said, asking not to be identified because the information is private. Nvidia is the
END TO SPECULATION: The hotel’s management contract has been extended, despite reports that it wanted to end its alliance with Hyatt Hotels over a deal with Riant Capital Singapore-based Hong Leong Hotel Development Ltd (豐隆大飯店股份) yesterday said it has extended a management contract to ensure the continued presence of the Grand Hyatt brand in Taipei, ending rumors that the two sides were parting ways. “We are pleased Hyatt is able to come to terms on the extension of the management contract of Grand Hyatt Taipei,” said Kwek Leng Beng (郭令明), executive chairman of City Developments Ltd (城市發展) and Millennium & Copthorne Hotels Ltd (千禧國敦酒店). Hong Leong Hotel Development is a subsidiary of Millennium, and both fall under the Hong Leong Group (豐隆集團). The Grand Hyatt Taipei (台北君悅大飯店), owned and built by
Gold surged to a fresh record on Friday, fueled by US dollar weakness and low interest rates, while silver headed for its best month since 1979. Spot bullion is up more than 10 percent this month, as US real yields lingered near record lows. While the ferocity of rallies in gold and silver cooled in the middle of the week, most market watchers predict there might be more gains ahead. Both metals have added about 30 percent this year, with gold and silver exchange-traded funds boosting holdings to a record, as concern about the fallout from the COVID-19 pandemic fuels demand for
MOVING FROM CHINA? The article did not name the company, but Foxconn, Wistron and Pegatron were among firms chosen for a production-linked incentive plan in India An Apple Inc vendor is looking at shifting six production lines to India from China, which could result in US$5 billion of iPhone exports from the South Asian nation, the Times of India reported, citing people familiar with the matter who it did not identify. The establishment of the facility would create about 55,000 jobs over about a year, the newspaper reported, not naming the Apple vendor. It would also cater to the domestic market and expand operations to include tablets and laptops, the newspaper reported. Samsung Electronics Co and Apple’s assembly partners are among 22 companies that have pledged 110 billion