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

|About: The Procter & Gamble Company (PG)|By:, SA News Editor

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.