EU fines 7 firms for price-fixing
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BRUSSELS Outokumpu, IMI and five other companies were fined a total of E222.3 million on Friday by the European Commission for fixing the prices of copper tubing used in household plumbing.
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The UK government said drugmakers agreed to reduce by 7 percent the price they charge for branded prescription medicines. The reductions, negotiated with the Association of the British
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The European Commission warns that Microsoft could face further fines for failing to comply with its anti-trust rulings.
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European competition regulators met on  Monday to discuss the amount of a fine it will impose on  software giant Microsoft  for failing to comply with a  European Commission antitrust decision.
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A European court struck down fines totaling 100.8 million euros ($125 million) on HVB Group, Dresdner Bank AG and three German competitors for fixing European currency- conversion rates.
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Embattled Russian oil giant Yukos was ordered to pay Â£780 million in fines and penalties today as part of a Â£2.28 billion back-tax claim for 2001.
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The European Commission warned Microsoft  on Thursday it faced further fines in its long-running antitrust battle with Brussels, this time for seeking unreasonable prices from software makers for vital data.
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A junior computer whiz at French bank Societe Generale was accused of racking up a $7 billion loss in bad bets on stocks in the biggest trading scandal in banking history.
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Four Fidelity Investments brokerage units were fined a total of $3.75 million, regulator NASD said yesterday, citing broad record-keeping lapses it said it uncovered while probing the lavish gifts some company traders accepted from outside brokerages.
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All three cell phone operators in the Czech Republic were fined a total of &#36;1.7 million for breaching competition rules, officials said Thursday.
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The  world's largest insurance group pays $126m in fines as part of a settlement with US regulators over its dealings with two firms.
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Supermarkets and dairy producers colluded to fix prices, the competition watchdogs find.
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Individual penalties for the four Infineon executives who pled guilty in a price-fixing scheme follow a record $160 million fine that Infineon agreed to pay in mid-September stemming from the same investigation.
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More vendors report a number of regulatory agencies in different countries are looking into claims of price fixing.
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THE DEPARTMENT of Justice said that four employees of Infineon have pleaded guilty to charges of price fixing DRAM. Three German citizens and one US citizen will each pay $250,000 in fines as well as serving between four to six months in jail.
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Eight eBay sellers were ordered to pay nearly $90,000 (euro 70,000) in restitution and fines after admitting they bid up products online to inflate the prices.
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The European market rules will force deals to be made one country at a time.