Justice Dept seeks change on futures exchanges: report
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The U.S. Justice Department has called for change in financial futures exchanges, saying they should not own the trade clearing business as it inhibits competition, The Wall Street Journal reported on Wednesday.
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The good news about recent proposals from the Justice Dept. [DOJ], regarding the enforcement of intellectual property protection, is that they show the DOJ is committed to recycling.
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U.S. conglomerate General Electric Co   is expected to make changes to its accounting policies  in a bid to end a U.S. Securities and Exchange Commission  probe, the Wall Street Journal reported on Tuesday citing  people familiar with the situation.
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(InfoWorld) - The U.S. Department of Justice and state attorneys general are concerned that Microsoft is revising deadlines that it agreed to as part of its antitrust settlement. At issue are changes that Microsoft says it needs to make in the schedule for releasing documentation related to Vista, according to a court document filed Tuesday. "Plaintiffs are concerned that Microsoft has not been able to meet its original schedule and are particularly troubled that at this late hour in the program, Microsoft is still discovering protocols that should have been included in the original documentation," the DOJ and the states said in a joint status report. "Plaintiffs are discussing this matter with Microsoft and will report to the court further at the status conference." The plaintiffs and Microsoft attorneys are due to meet with U.S. District Court Judge Colleen Kollar-Kotelly next Tuesday for the status conference. Such conferences are held periodically so that the judge can assess whether Microsoft is complying with requirements of the 2003 antitrust order against the company. As part of the judgment, Microsoft is required to provide technical documentation for its software to help ISVs make their products interoperable with Microsoft's. On Feb. 15, Microsoft said that it needed to modify the schedule for documentation because protocols that must be documented were added to the Vista Server after the initial schedule for rewriting documentation was set or because those protocols were "inadvertently overlooked." For its part, Microsoft said in the status report filed Tuesday and made public Wednesday that it found it could "enhance" rewritten documentation of some existing protocols "by providing more detailed and comprehensive descriptions. This increased significantly the number of pages that Microsoft expected to produce in connection with the existing documentation." The number of pages of documentation Microsoft expects will be part of the rewrite project is "likely thousands of pages larger" than the company expected late last year. Under the revised schedule, Microsoft is expected to deliver documents related to Vista by April 3. It has already met three "milestones" that are part of the schedule and besides the Vista documentation has two other sets due May 11 and July 20 under the revised schedule. Microsoft said that the schedule, even since it was revised, is still aggressive. The antitrust case was tried in U.S. District Court for the District of Columbia, which continues to oversee Microsoft compliance with requirements laid out in the judgment against the company.
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US stock markets would have to disclose executive pay and provide details of their regulatory programs, under new rules proposed by the Securities and Exchange Commission on Tuesday.
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(InfoWorld) - Microsoft will make changes to its desktop search program following aÂ complaint to the U.S. Department of JusticeÂ (DOJ) by Google. Google suggested in a white paper submitted to the DOJ earlier this year that Microsoft's Windows Vista operating system puts other search software companies at a disadvantage, making it difficult for users to utilize non-Microsoft desktop-search software. Microsoft has reached an agreement with the DOJ to make it easier for end users to employ desktop search programs made by rival software developers, The Wall Street Journal reported. Microsoft will also provide more documentation and information to developers about how to make those search programs run smoothly, it said. The changes will be included in Microsoft's firstÂ Vista update, called Service Pack 1, slated to be released later this year, the report said. California Attorney General Jerry Brown said Microsoft had agreed to make the "significant changes" in Vista operating system to stay in compliance with a U.S. court agreement in Microsoft's antitrust case. Brown's office intervened in the wake of reports that Microsoft's new operating system included a desktop search function called "Instant Search" that violated terms of its agreement to open its products to more competition. Google, which offers the most popular search engine on the Internet, said "Instant Search" is a "Microsoft middleware product," which is subject to the federal agreement in the antitrust case. The State of California contended that Vistaâs desktop search feature is a functionality that did not exist in prior Windows operating systems and is therefore covered under the agreement. Brown said Microsoft will provide users and computer manufacturers, such as Hewlett-Packard and Dell, with greater flexibility to choose and access competing desktop search products. The agreement was included in a joint status report that was filed Wednesday with federal District Judge Colleen Kollar-Kotelly in Washington, D.C., who presided over the 2002 agreement in the case. "This agreement -- while not perfect -- is a positive step towards greater competition in the software industry," said Brown. "It will enhance the ability of consumers to select the desktop search tool of their choice." "Microsoft believes that Google's complaint is without merit," Microsoft's lawyers wrote in the status report. "Nevertheless, Microsoft worked with the Plaintiffs in a spirit of cooperation to resolve any issues the complaint may raise." Google said the search changes are welcome but more needs to be done. "Microsoft's current approach to Vista desktop search clearly violates the consent decree and limits consumer choice," said David Drummond, Google's senior vice president and chief legal officer. "These remedies are a step in the right direction, but they should be improved further to give consumers greater access to alternate desktop search providers." Microsoft was found to be operating an illegal monopoly in software by another U.S. District Judge in Washington. Microsoft entered into a settlement agreement with the federal government and attorneys general for several U.S. states to abide by certain rules to allow more competition. Microsoft had originally denied that its own desktop search interfered with non-Microsoft indexing software, noting that its search indexing could be turned off, although with some difficulty. The Redmond company also seemed to have the DOJ, its former antitrust foe, on its side: Thomas O. Barnett, now the DOJ's top-ranking antitrust official,Â recommended that the DOJ and state attorneys general rejectÂ Google's complaint, according to a New York Times report earlier this month. As part of the desktop search agreement, software vendors will be able to register their products as alternatives for the Vista search. The default search selected by the computer user or OEM will launch whenever Vista launches a search result window, and the default search will have space in Vista's start menu. Microsoft will also tell software vendors and OEMs that the desktop search index in Vista is designed to run in the background and "cede precedence over computing resources to any other software product, including third-party search products," the DOJ said in its portion of the status report. "Microsoft will emphasize that there is no technical reason why OEMs and end-users cannot, if they choose to, install additional desktop search products on their systems." The plaintiffs in the case, including 17 states that sued Microsoft for antitrust, are "collectively satisfied that this agreement will resolve any issues" in the Google complaint, the DOJ said. Elsewhere in the status report, the DOJ said a technical committee overseeing Microsoft's compliance has hired two consulting firms to check Microsoft's procedures for identifying communications protocols that it is required to disclose to independent software vendors who want to make their products interoperable with Microsoft's. In March, Microsoft and the plaintiffs reached an agreement to address concerns over the belated discovery of protocols that plaintiffs believed needed to be disclosed. The technical committee will extend a royalty-free program for software vendors to receive the protocols, the DOJ said. The royalty-free program will continue 18 months after the date the committee decides the protocol documentation is substantially complete, and the technical committee can extend the program if it believe Microsoft isn't making progress on the documentation, the DOJ said. But Microsoft is on schedule with a plan to fix technical documentation used by other software vendors, the DOJ said. Errors in the technical documentation have prompted repeated complaints from the antitrust plaintiffs in recent months, but the DOJ said Microsoft has been able "to keep up with the flow of new technical documentation issues." This story was updated on June 20, 2007
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U.S. stock markets would have to disclose executive pay and provide details of their regulatory programs, under new rules proposed by the Securities and Exchange Commission on Tuesday.
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The U.S. Justice Department said on  Wednesday it will ask a federal appeals court to reconsider a  recent ruling that barred the government's bid to have  cigarette makers pay back $280 billion in past profits.
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The U.S. Justice Department is investigating possible antitrust violations at the Chicago Board Options Exchange and the American Stock Exchange, according to the National Association of Securities Dealers annual report.
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Antitrust authorities at the U.S.  Justice Department on Thursday warned regulators against  imposing &quot;network neutrality&quot; regulations that would bar  broadband Internet service companies from charging extra to  some content providers.
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The Justice Department announced new rules yesterday that will make it harder for prosecutors to bring criminal charges against companies, bending to intense pressure from business groups that claim the government has overreached in its pursuit of financial malfeasance.
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WASHINGTON -- The Bush administration plans to review the regulatory system for financial institutions, with the goal of making changes to better reflect modern markets.
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Federal prosecutors have asked the Securities and Exchange Commission for information gathered from an investigation of Merrill Lynch &amp; Co's  activities in mortgage securities, The Wall Street Journal reported on Friday.
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InfoWorld - Microsoft will make changes to its desktop search program following a complaint to the U.S. Department of Justice (DOJ) by Google.
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(InfoWorld) - Google may be seeking a reopening of state and federal government antitrust action against Microsoft, but a U.S. Department of Justice (DOJ) official has recommended against it, newspaper reports indicated Sunday. Google alleged that Microsoft's new Windows Vista operating system puts other search software companies at a disadvantage, making it difficult for users to employ non-Microsoft desktop-search software, The Wall Street Journal reported, citing lawyers familiar with the case. Microsoft's own desktop indexing system is almost impossible to turn off, Google claimed in a white paper sent to both the DOJ and states' attorneys general, thereby affecting a computer's performance when running non-Microsoft search index, the report said. Microsoft denied the accusations, saying that its own search indexing could be turned off, although with some difficulty, and that its program did not interfere with the operation of other search indexing software and therefore did not influence performance, according to the report. Despite Google's efforts to draw its rival into a protracted legal fight, the company's antitrust cries are falling on deaf ears, especially at the DOJ, which fought Microsoft over monopoly accusations in the late 1990s until a settlement in 2002, according to The New York Times, which also cited lawyers close to the case. Thomas O. Barnett, now the DOJ's top-ranking antitrust official, recommended in May that the DOJ and state attorneys general reject Google's complaint, the report said. Formerly employed by a law firm that represented Microsoft during the DOJ antitrust suit, Barnett did not work on the case before joining the DOJ, and recused himself from involvement in the DOJ's ongoing monitoring of Microsoft that is part of the 2002 settlement, the report said. However, some state prosecutors may take up the case with or without the DOJ, which is slated to be heard in Federal District Court in Washington later this month, it said.
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Responding to complaints that the  United States is losing its edge to foreign markets, a panel  set up by the nation's biggest business lobby has recommended  structural changes at the Securities and Exchange Commission,  the end of quarterly earnings guidance and a boost in the  nation's retirement savings, The Wall Street Journal reported.
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A string of e-mails between the Justice Department's Kyle Sampson and former White House Counsel Harriet Miers details the plan to fire U.S. attorneys. Attorney General Alberto Gonzales said he is "not aware of every bit of information that passes through the halls of justice," but he admitted mistakes were made.