Price fixing costs Bayer $33 million
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Robinson-based Bayer Corp., the US division of Germany&#39;s Bayer AG, yesterday became the first company to settle charges with the US Justice Department for its
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Germany's Bayer AG BAYG.DE has  agreed to plead guilty and pay a $4.7 million fine for taking  part in a conspiracy to fix the prices of synthetic rubber, the  U.S. Justice Department said on Wednesday.
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Germany's Bayer AG  has agreed to plead guilty and pay a &#36;4.7 million fine for taking part in a conspiracy to fix the prices of synthetic rubber, the U.S. Justice Department said on Wednesday.
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Wachovia Corp.'s Boston mutual fund division, Evergreen Investment Management Co., agreed to pay $32.5 million to settle allegations it allowed shareholders to market-time in violation of prospectuses, the Securities and Exchange Commission said yesterday.
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The Schering-Plough Corporation has agreed to pay $435 million and plead guilty to conspiracy to settle charges of marketing drugs for unapproved uses and overcharging Medicaid.
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Standard &amp; Poor&#39;s Equity Research lowered the price target for Boston Scientific (nyse: BSX - news - people ) to $41 from $44 and said the company&#39;s dispute with former partner Medinol will likely go to trial next year.
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Deutsche Lufthansa said it would pay $85 million to settle 80 class-action lawsuits in the United States in a price-fixing inquiry involving its air cargo unit. The payment would release the airline and Swiss International Air Lines, which it is taking over, from pending lawsuits in the United States, Lufthansa said. The settlement is subject to court approval. Lufthansa Cargo is among nine airlines accused of violating antitrust laws by fixing prices in the $50 billion global air cargo market. European Union and United States authorities requested information from at least 12 carriers in February; the inquiry focused on surcharges for fuel and security risks.
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Boston Scientific Corp. will pay $16.75 million to settle state investigations into flawed heart defibrillators sold by Guidant Corp. , whose substantial legal liability Boston Scientific inherited when it bought the firm last year for $27 billion.
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Pfizer Inc.  on Friday said it will take a pretax charge of &#36;369 million in the third quarter for a settlement with plaintiffs who allege they were harmed by products containing asbestos and harmful minerals once sold by a Pfizer subsidiary.
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The Bayer Corporation, a subsidiary of the Bayer Group of Germany, has agreed to plead guilty and pay a $33 million criminal fine for taking part in a conspiracy
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(Reuters Estimates corrects analystsâ average profit estimate to 31 cents from 33 cents, in third paragraph)
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PRICES for cardboard box packaging in Australia have allegedly been the subject of a cartel fix. Australian packaging giant Amcor shocked the business world yesterday when it revealed it &quot;appeared&quot; to have been involved in price fixing.
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Troubled HealthSouth (HLSH:OTC-BB - news - research)has agreed to pay $325 million to settle federal charges that it overbilled Medicare.
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HealthSouth, the US hospital operator, on Thursday settled allegations that it defrauded federal health insurance programmes by agreeing to pay $325m.
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German computer chipmaker Infineon Technologies AG has agreed to plead guilty to price fixing and will pay a $160 million fine, the Justice Department announced yesterday.
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German computer chipmaker Infineon Technologies AG has agreed to plead guilty to price fixing and will pay a $160 million fine, the Justice Department announced Wednesday.
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KANSAS CITY, Mo.  - Monsanto Co. MON.N on Monday  said it would set aside $285 million to cover liabilities tied  to its former affiliate Solutia Inc. SOLUQ.OB in an initial  move to define the cost of a tangle of legal problems stemming  from the bankrupt chemical company.