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Trade drags down euro-area economy

Bloomberg Falling exports and a slowdown in spending and investment caused euro-area growth to lose more of its luster in the third quarter, with recent numbers casting doubts over the economy’s potential to rebound. Net trade was the biggest drag on the economy in the period, when growth was the weakest in almost five years. Since then, reports from the ...

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France fines appliance makers for collusion

Bloomberg Whirlpool Corp and five other appliance manufacturers were fined a total of 189 million euros ($214 million) to settle a six-year French price-fixing investigation — the country’s largest antitrust penalty levied this year. Whirlpool must pay 102 million euros to cover its own penalty and one handed to Indesit, which it owns, according to a statement from France’s competition ...

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Akorn CEO steps down after Fresenius fallout

Bloomberg Akorn Inc’s CEO stepped down after the Delaware Supreme Court ruled that a rapid downturn in its business was grounds for Fresenius SE to walk away from a $4.3 billion buyout of the generic drugmaker. Officials of Akorn said that Chief Executive Raj Rai was retiring now that its dispute with the German pharma company had been ended by ...

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