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Unilever’s boldest defence? A Colgate or Nestle deal

  Unilever was all smiles when Kraft Heinz Co. abandoned its attempt to buy the U.K. consumer company for $143 billion. In an unusual joint statement, the two companies referred to their “high regard” for each other. This isn’t how bitterly contested takeover situations normally end. The Anglo-Dutch consumer giant must have wanted to end things amicably — or at ...

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When firms should, and shouldn’t enter political fray

  Even before Donald Trump took office, the calls for boycotts began. “@Amazon we are not shopping with you until u pull all Trump merchandise,” one woman wrote on Twitter in November. Another tweeted: “I’ll NEVER buy @LLBean for my daughter EVER AGAIN. I won’t support any1 that Trump does. Change UR ethics.” These weren’t isolated incidents. For months, a ...

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Citigroup to pay $5.4 million fine to settle rand collusion

  Bloomberg / AP Citigroup Inc. agreed to pay a penalty of almost 70 million rand ($5.4 million) to settle a South African antitrust investigation that said it participated in an alleged cartel to manipulate the value of the rand. Citigroup will make witnesses available to help prosecute other banks that participated in price fixing and market allocation in the ...

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