EU Fines Companies for Needle Cartel
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European Union regulators fined German company William Prym GmbH&amp;Co. KG and Britain's Coats Holdings Ltd a total of 60 million euros (&#36;76.8 million) on Tuesday for running a cartel in the market for needles.
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EuropeÂs biggest drug maker, said that it would pay $3.1 billion to settle a tax dispute with the United States government.
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Microsoft and Time Warner ran into fresh trouble in Europe today as antitrust regulators ordered an in-depth probe of their deal to collaborate in making anti-piracy software.
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French retail giant Carrefour said Tuesday it was fined euro2 million (US$2.69 million) by a French regional court for false advertising, selling items below cost and collusion with suppliers at its hypermarket chain in France.
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The European Union said that from next year, an airline association IATA ticket pricing system under which members may fix prices among themselves for flights within the EU will be banned as a restrictive business practice.
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The case of a man refused funding for drugs by his local care trust is taken to the European Commission.
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More than Â£1m of illegal medicines and veterinary drugs have been seized in a cross-border operation. The authorities said they have helped to smash a criminal ring involved in the manufacture and distribution of illegal antibiotics for use on farms.
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Illegal drugs may be cheaper than ever before in Europe, with prices of heroin slumping 45 percent and cocaine down 22 percent over five years, according to the first Europe-wide report of its kind on drug prices.
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The EU reached a settlement today of its long-running antitrust case against Coca-Cola under which the worldâs biggest soft drinks company agreed to change sales practices that helped it win roughly half of the market in Europe.
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BRUSSELS, Belgium -- The European Union escalated its trans-Atlantic fight with Microsoft Corp. yesterday , threatening huge new fines against the software maker over claims it is asking rivals to pay too much for information that would help their servers work with Windows.
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The company will pay a $1 million criminal fine for lying to the government about a patent deal on its blood-thinning drug Plavix.
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The company had been accused of illegally using its sutures monopoly to increase sales of other surgical products.
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European regulators raided some of the continentâs biggest drug makers in an inquiry over whether patent disputes and lawsuits are keeping generic products off the market.
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The air cargo haulers All Nippon Airways, Air New Zealand and the Malaysian Airline System were charged Thursday with violating European competition rules.
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The European Union's Competition Commission said today it might levy fines of $4 million a day against Microsoft amid concerns that the company is overcharging for the information rivals need to make their products work smoothly with Windows.
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The European Union's top competition regulator Neelie Kroes stepped up her anti-cartel campaign by hitting five companies in the rubber market with the EU's second-highest fine against a cartel.
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The European Union on Wednesday fined French dairy Groupe Danone and Dutch beer giant Heineken NV euro2.5 million (US&#36;3 million) for colluding to control the wholesale beer market in France.