SpectrumCo's sale and transfer of its advanced wireless spectrum to Verizon Wireless is subject to approval by the Federal Communications Commission and review under the Hart-Scott Rodino Act and other customary conditions.

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The acquisition was listed in a Federal Trade Commission document (PDF) as a deal granted early termination under the Hart-Scott-Rodino Act.

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The Boards of Directors of Disney and Lucasfilm have approved the transaction, which is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act, certain non-United States merger control regulations, and other customary closing conditions.

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Just imagine now if it gets its act together under new CEO Scott Thompson.

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And it brings to mind a highly controversial piece of economic work by Professors Andrew Hughes-Hallett and Drew Scott, published last year, which argued that the act of devolving tax power in itself can drive up growth rates, at least temporarily.

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