Joaquín Almunia

European Court Upholds Most of $1 Billion-Plus Microsoft Fine

A European court has upheld most of a massive fine levied against Microsoft by the European Commission's competition watchdog, closing a case against the software giant that began in 1998. The court's final ruling trimmed the fine by $49 million to about $1.1 billion.

NYSE Merger with Deutsche Boerse Blocked by EU

The EU has blocked the Deutsche Boerse's planned merger with NYSE Euronext, a deal that would have created the world's largest financial exchange operator, because the venture would have had a near-monopoly in the trading of European derivatives.