Deutsche Bank AG will pay about 925 million euros ($1.27 billion) to settle a 12-year-old dispute with the heirs of Leo Kirch over the collapse of his media group, according to two people familiar with the matter.
European Union Antitrust Commissioner Joaquin Almunia’s deal to resolve a three-year-old dispute with Google Inc. was criticized by two EU officials at a meeting today, according to two people familiar with the matter.
Google Inc., the owner of the world’s largest search engine, reached a settlement to end the European Union’s three-year antitrust probe after it improved an offer to display results from rival search services.
MasterCard Inc.’s fight with the European Union over curbs on transaction fees suffered a blow after an adviser to the bloc’s top court backed regulators who capped its rates on cross-border credit-card payments.
Visa Europe Ltd. plans to “significantly” reduce the fees it sets for processing cross- border credit-card payments in a bid to allay European Union competition concerns, the bloc’s antitrust watchdog said.