UPS Inc. is suing the European Union for 1.7 billion euros ($2.1 billion) in compensation for damage it claims to have suffered when regulators wrongly vetoed its attempted takeover of parcel delivery rival TNT Express NV.
February 26, 2018Government, Business
UPS Sues European Union for $2.1 Billion After Botched Veto of TNT Bid
Government, Business, Equipment
Volkswagen’s Scania Fined $1.03 Billion by European Union for Price Fixing
Volkswagen AG’s tarnished reputation suffered another blow after its Scania unit was slapped with a 880.5 million euro ($1.03 billion) fine for fixing truck prices, a year after other members of the cartel reached a record settlement with the European Union.
September 27, 2017Business
Parcel Firms Fined $737 Million for French Price Fixing
France’s competition watchdog fined parcel delivery services including units of Deutsche Post AG’s DHL, FedEx Corp. and TNT Express NV a combined 672.3 million euros ($737 million) for colluding to increase fees.
December 15, 2015