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Ex-Carrefour boss gives up $4.6 million bonus after pay furor

Bloomberg The former boss of top French supermarket chain Carrefour SA walked away from a multi-million-euro payment after the country’s economy minister denounced his package as exorbitant. Former Chief Executive Officer Georges Plassat decided to waive his right to a non-compete fee valued at 4 million euros ($4.6 million) because of the “misunderstanding” surrounding the award, the company said in ...

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American to pay $45mn to end airfare collusion suit

Bloomberg American Airlines Group Inc. agreed to pay $45 million to end a consumer antitrust lawsuit that accused it and three other major US airlines of colluding to limit plane capacity and drive up domestic airfares. The Fort Worth, Texas-based carrier is the second to settle in the three-year-old litigation. Southwest Airlines Co. won preliminary court approval for its offer ...

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Pentagon’s new copter for Afghans lacks lift of old Russian-made ones

Bloomberg The US Army’s Black Hawk helicopters are less capable for some missions conducted by Afghanistan’s Air Force than the Russian-made ones they’re replacing, according to the Pentagon’s inspector general. It’s a setback six years after lawmakers started pushing for the US to stop buying the Mi-17 sold by Rosoboronexport, Russia’s state-owned weapons exporter, in light of President Vladimir Putin’s ...

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