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Kahn said he hoped the Times project would be a vigorous competitor.
Nasdaq, the traditional home of technology companies, has for years been a vigorous competitor of the Big Board.
"Absent the merger, American is likely to exit bankruptcy as a vigorous competitor, with strong incentives to grow to better compete with Delta and United," the news release said.
The Justice Department also explained how American could exit bankruptcy as a "vigorous competitor" without the merger, saying it would have "strong incentives to grow to better compete with Delta and United".
Lawyers at the Federal Trade Commission had been concerned that Monarch lacked the resources to turn All Sport into a vigorous competitor, people close to the situation have said.
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For the firm is currently gearing up for a battle with a new and vigorous competitor: Google.Here we Google againGoogle dominates the internet-search business, much as Netscape once ruled in web browsers and RealNetworks did in media players.
It's buying Yahoo to become a much more vigorous competitor in search and advertising, Google's core business".
Mr. Baine said both companies are likely to make DirecTV into a much more vigorous competitor for cable customers.
With no vigorous competitor for France Telecom's mobile-phone arm, Orange, the market ended up "grossly underdeveloped", says Stephen Pentland of Spectrum, a consultancy.
A majority of the F.T.C. commissioners found that the market for P.B.M. services contains numerous, vigorous competitors.
But the commission's majority found that the pharmacy benefits industry was "characterized by numerous, vigorous competitors who are expanding and winning business from traditional market leaders".
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