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EU Slaps Gas Firms With $1.5B Fine for Price-Fixing

By Jason Farago,  Newser Staff

Posted Jul 8, 2009 5:48 AM CDT

(Newser) – The European Union's powerful competition commissioner slapped two energy companies with record fines of $1.53 billion today for cartel misbehavior. GDF Suez and E.ON, two of the world's biggest gas producers, colluded to avoid competition in French and German energy markets and drive...   Read full story »

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