Author Bio
Evan is a senior technology specialist at The Motley Fool. He was previously a senior trading specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder. Follow @TMFNewCow
It s been over a year since
Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) subsidiary Google announced its proposed acquisition of
Fitbit (NYSE:FIT), and the two companies have been working to secure the necessary regulatory approvals ever since. A few months ago, antitrust regulators in the European Union had extended the deadline to make a decision to Jan. 8, but have now approved the deal well ahead of that deadline.
By Reuters Staff
2 Min Read
TOKYO, Dec 17 (Reuters) - Japan’s anti-trust watchdog said on Thursday it had issued a warning to advertising giant Dentsu Group over its action to pressure subcontractors not to work with a rival company.
The Japan Fair Trade Commission (JFTC) said it had found that a Dentsu employee had in May told subcontractors the company would stop dealing with them if they worked for the rival on a novel coronavirus aid programme.
Dentsu used “improper means” with the subcontractors, although the action was not found to have been a violation of anti-competition rules, Koji Mukai, a senior JFTC official in charge of the investigation, told reporters.
Year-on-Year Profits Drop
Convenience store sales numbers for the first two quarters of 2020 were not a surprise, given the economic effects of the COVID-19 pandemic, but they were still shocking to see. Compared to the same period the year before, each of the big three operators saw dramatic drops: Seven-Eleven was down 3.4%, FamilyMart 10.5%, and Lawson 9.2% In addition, the combined operating income of the three companies dropped 25% from last year, to ¥153.2 billion.
In absolute terms, there is no denying that all three companies are still quite large. Seven-Eleven had total branch sales equaling ¥2.45 trillion, FamilyMart ¥1.35 trillion, and Lawson ¥1.09 trillion. All three companies have seen a rise in income per customer from the pandemic-driven increase in nesting demand the focus on home-centered consumption. However, overall customer numbers are down more than the increased income can cover, and convenience stores have been hit particularly hard because a large part o
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Monday, December 14, 2020
China
On Nov. 11, 2020, the Anti-Monopoly Bureau of the State Administration of Market Regulation (SAMR) released the draft Anti-Monopoly Guide for the Internet Platform Economy Sector (Platform Guide) for public comment.
Under the Platform Guide, practices such as demanding that business partners only enter into transactions with one platform operator or engaging in price discrimination based on a customer’s shopping history or user profile could potentially be made illegal. The Platform Guide represents the first time that the SAMR has attempted to address competitive practices specifically pertaining to internet companies under the PRC Anti-Monopoly Law. The public comment period ended Nov. 30, 2020.