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Procter & Gamble (PG) is slapped with a €233.6M (~$310M) fine for fixing...

  • Thursday, December 8, 2011, 11:46 AM ET
    Procter & Gamble (PG) is slapped with a €233.6M (~$310M) fine for fixing laundry detergent prices in France during 1997-2004; Colgate-Palmolive (CL) and Henkel (HENKY.PK) are hit with smaller fines. The companies "met secretly several times a year in hotels and restaurants to discuss pricing and discount strategies," the French antitrust authority says.
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    Too bad the French (and US) governments don't see the obvious hypocrisy in fining companies for colluding on asset prices.
    8 Dec 2011, 11:49 AM Reply Like
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