A few weeks back it seemed likely that the Department of Justice would let loose a little and allow Anheuser-Busch InBev to merge with Grupo-Modelo, and now it’s official. The DOJ announced today that it had approved the merger after a settlement soothed its fears over anti-competitiveness. Or maybe Anheuser just kept plying it s new BFF with drinks until it agreed.*
While the House Committee on Oversight & Government Reform was busy raking Toyota’s chief executives over the coals in Washington, D.C., on Wednesday, Federal agents in Detroit were going all Untouchables-like at the offices of three auto parts suppliers, including one company owned in part by Toyota.
The word is that eBay is banning checks and money orders, and buyers will have to use PayPal or (if the seller has a credit card merchant account or an account with a service called ProPay), credit cards.
Food stamp users are helping pay for your credit card rewards programs, according to “Priceless? The Social Costs Of Credit Card Merchant Restraints” (PDF), a paper by Gerogetown professor Adam Levitin published in the Harvard Journal on Legislation.
A judge has ruled in favor of the Whole Foods/Wild Oats merger, but the FTC has announced they will appeal the decision and are asking that the merger be blocked pending that appeal.