Having come down so hard on the commission already, it is possible the court will give them a break this time.

Part of the plan is to move from processing and notification ... and have people go out and look for cartels.

The European Commission overreached itself in the G.E.-Honeywell case. It pushed theories like the 'conglomerate effects' theory too far, and fitted the facts of the case to suit the theory.

That's nonsense. American businesses need to wake up to the reality that there is a merger review process in Europe ... that is a case of the pot calling the kettle black.

We were overdue for some profit-taking after a great run.

Right now, they're close to capacity, so that relief valve isn't there.