Do More With Reuters
Partner Services

UPDATE 2-EU exec set to fine Intel on May 13 -sources

Thu May 7, 2009 11:24pm IST
 
Email | Print | | Single Page
[-] Text [+]

* Commission set to rule against Intel - sources

* Will order changes to how it provides rebates

* Intel shares down 3.9 pct

(Adds share price, byline)

By Foo Yun Chee and David Lawsky

BRUSSELS, May 7 (Reuters) - The European Commission is set to rule next week that the world's largest chipmaker, Intel Corp (INTC.O: Quote, Profile, Research), breached antitrust rules and will fine it and order changes to how it provides rebates, sources said on Thursday.

Sources familiar with the case told Reuters the Commission was expected to make its decision on May 13 during the EU executive's weekly meeting, based on a recommendation by Competition Commissioner Neelie Kroes.

"The Commission has an ongoing antitrust case against Intel. I cannot comment on the timing of the decision," spokesman Jonathan Todd said.

Intel shares were down 3.9 percent to $15.51 by 1742 GMT, underperforming a 1.4 percent lower Dow Jones industrial average .DJIContinued...

India Investment Summit 2009
India Investment Summit 2009

Top executives and bankers discuss their own plans and the broader opportunities and challenges for India.  Full Coverage 

GLOBAL RECOVERY

A labourer works on a flyover bridge at a construction site in New Delhi October 14, 2009. REUTERS/Parth Sanyal/Files
Global economy in holding pattern - IMF

The global economy is in a holding pattern and vulnerable to more upheaval, the head of the IMF said, adding a lasting recovery will depend on policymakers taking the proper steps in the coming months.  Full Article 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

BLOGS

Photo
Calculated Move

Reliance aims big with $12 bln bid for LyondellBasell.  Blog 

showcase

U.S. Recession
U.S. Recession

A trip through the epicenters of the American recession.  Full Coverage 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage 

 
T P Raman
Column - RBI leads the world

Reserve Bank of India's approach ring-fenced the banking system.   Full Article 

 
Funding Blues
Funding Blues

A popular tactic used by Indian brokerages to raise money for rich clients is likely to be banned.  Full Article 

 
Not Enough Jobs
Not Enough Jobs

Venture capital creates jobs, but not enough.  Full Article 

 
Column - A Sweet Dream
Column - A Sweet Dream

There are good reasons for Ferrero to consider a combination with Cadbury.  Full Article