BP, Amoco to sell about 150 gas stations; firms also expected to end some contracts to gain FTC merger approval

Article Abstract:

British Petroleum and Amoco would like to start the new year with a fresh set of books as a merged company. Toward that end the two companies announced the plan to sell about 150 gas stations and to terminate supply agreements with hundreds more in several states. The two are in talks with the FTC still negotiating to get that approval by year-end. The FTC is said to be taking a closer look at the deal since the announcement of Exxon's bid to buy Mobil.

Comment:

Co. wants FTC approval of merger by end of 1998

United Kingdom, Asset sales & divestitures, Acquisitions & mergers, PETROLEUM AND COAL PRODUCTS, Petroleum, Petroleum and Coal Products Manufacturing, Mergers, acquisitions and divestments, Investigations, Petroleum industry, Abstract, United States. Federal Trade Commission, British Petroleum Company p.l.c, AN, Amoco Corp.

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Microsoft's bid to limit trial scope denied

Article Abstract:

Microsoft Corp.'s attempt to restrict the scope of evidence in its antitrust trial with the US government was rejected by a federal judge. The judge supported the government's demand for Microsoft documents about its secret negotiations with Apple Computer Inc., Intel Corp., and other firms. Microsoft has been charged by the Justice Department and 20 states with pressuring the companies in order to protect its monopoly on operating system software.

Comment:

Attempt to restrict the scope of evidence in its antitrust trial with the US government rejected by a federal judge

Computer Software, Software Publishers, Government regulation (cont), Company Planning/Goals, Legal/Government Regulation, Software, Microsoft Corp., Article

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