January 27, 2022: -A prominent European Union court has overturned a 1.06 billion euro ($1.2 billion) antitrust fine levied against U.S. chipmaker Intel in 2009.
The fine is handing out by the European Commission, the executive arm of the EU, because Intel had tried to squeeze out its rivals.
The commission had claimed that Intel abused its dominant position on the worldwide market for “x86 2” data center processors between 2002 and 2007 by implementing a strategy intended to exclude competitors from the market.
But the General Court, a constituent court of the Court of Justice of the European Union, rejected the fine Wednesday, saying the commission didn’t do a proper economic analysis of a rebate scheme.
“The (European) Commission’s analysis is incomplete and does not make it possible to establish to the requisite legal standard that the rebates at issue were capable of having, or likely to have anticompetitive effects,” the General Court said in a press release published on its website.
In 2014, the General Court upheld the commission’s 2009 verdict. However, it was subsequently told by the EU Court of Justice, Europe’s highest court, in 2017 to re-examine Intel’s appeal.
An Intel spokesperson told CNBC that the company is currently reviewing the decision. “We will provide more comment when we have completed our initial review,” they said.
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A definite ‘NO’ to the question if struggling families had child care asked by a group of committed volunteers in the San Fernando Valley in 1974, urged the volunteers to look for a way to support families struggling to find quality child care, development, and education services for their families. That year, the San Fernando Valley Child Care Consortium and the Mayor’s Child Care and Junior Task Force proposed the first child care resource center in the San Fernando Valley. Doris McLain was elected chairperson as Mayor Bradley accepted the proposal and gave the newly founded Child Care Resource Center (CCRC) space in Van Nuys City Hall Center. CCRC began 45 years to help working moms find child care.
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