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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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Cooling in US labour market arrives earlier than expected

Bloomberg The US labour market moderated somewhat in November, a development economists have been preparing for — though maybe not this soon. While job gains of 155,000 missed all forecasts, and the prior month’s reading was revised down, the figures are still consistent with solid economic growth. At the same time, wages which rose less than expected on a monthly ...

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