Six South Korean construction firms have reportedly been fined millions of dollars by national competition regulators for bid-rigging.
South Korea’s Fair Trade Commission announced Monday that a total of $10.4 million has been fined to various companies including GS Engineering and Construction, Halla Energy and Environment, and Daeqoo Engineering and Construction. …read more
Wisconsin Energy Corp. announced Monday that it has entered into a deal to acquire one of its rivals in a merger that will affect millions in the Midwest and potentially spark a new merger spree in the energy industry.
According to reports, Wisconsin Energy will buy natural gas provider Integrys Energy …read more
The European Commission is racing to meet deadline to fine a maker of smart card chips accused of fixing prices, according to unnamed sources.
Two sources said the Commission is looking to fine Royal Philips, based in the Netherlands, for price manipulation before the 10 year statute of limitations runs out, …read more
Power management conglomerate Eaton avoided a potential multibillion dollar antitrust fine in a last-minute settlement reached with Meritor, which sued Eaton for antitrust violations, according to reports.
A jury trial set to begin Monday was called off after Eaton and Meritor reached an agreement to end the suit, filed by Meritor …read more