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Truckmakers Face Fines as EU Steps up Cartel Investigation By Clip Syndicate The European Commission has stepped up a wide-ranging cartel investigation that could lead to heavy fines for some of the world's biggest truckmakers. The Commission announced on Thursday that it had sent formal charge sheets to several manufacturers it suspected of price fixing, marking the next phase of a complex investigation that began with raids on a number of companies' headquarters in January 2011. New EU Competition Commissioner Margrethe Vestager said on Thursday that she believed the case would be extremely difficult to resolve though agreed settlements, in which companies typically pay reduced fines in return for admitting anticompetitive behavior to expedite the investigation.

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Euro Zone Consumer Confidence Falls in November By Clip Syndicate Euro zone consumer confidence defied market expectations of improvement and fell in November, a flash estimate from the European Commission showed on Thursday. The Commission said that consumer confidence in the 18 countries using the euro fell to -11.6 this month from -11.1 in October. Economists polled by Reuters had expected an improvement to -10.7.

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U.S. Consumer Prices Unchanged, but Underlying Inflation Picking up By Clip Syndicate U.S. consumer prices were unexpectedly flat in October, but there are signs that underlying inflation pressures are starting to push higher. The Labor Department said on Thursday falling gasoline prices, which offset rising shelter and medical costs, had restrained its Consumer Price Index last month. The CPI had gained 0.1 percent in September and economists polled by Reuters had it slipping 0.1 percent last month. ...Read More »
Norwegian Air CEO Rejects Criticism of Plan for U.S. Budget Airline By Clip Syndicate The chief executive of Norwegian Air Shuttle rejected arguments by U.S. airlines and unions that his efforts to build a low-cost, long-haul airline serving the United States would undermine U.S. wages and working standards. Instead, CEO Bjorn Kjos said U.S. airlines arguing for labor fairness actually fear his cheap ticket prices. ...Read More »
Fiat Expects New Crossover to Outsell 500 Microcar in U.S. By Clip Syndicate Senior executives said on Wednesday that Fiat Chrysler Automobiles NV expects its yet-to-be launched Fiat 500X crossover sport utility vehicle to be even more popular in North America than its 500 microcar. Fiat will begin selling the 500X in the second quarter of next year. It is intended to appeal to consumers looking for a larger car than the tiny, retro-styled 500. Fiat is launching the 500X in 100 countries, and is relying heavily on strong sales in the United States. ...Read More »
Insight: Airbus Deepens Carmaker Thinking to Drive Jet Output By Clip Syndicate An industrial drumbeat is picking up in European aircraft factories as Airbus borrows a new range of carmaking strategies to keep pace with record demand. But their construction, and in particular the way 3 million parts per plane pour into factories, is getting a extra boost from cars as the jet age heads closer towards mass production. ...Read More »
Feds: Employers Cannot Give Workers Stipends To Shop On Government Exchanges By Clip Syndicate The Labor Department warns businesses against giving workers money to buy individual insurance policies in government-run exchanges. Other stories look at the cost of such policies and also advise workers with employer-sponsored coverage what issues to consider during their annual open enrollment. ...Read More »
White House Stresses That Gruber’s Role Was Limited By Clip Syndicate Meanwhile, as controversy continues about the former adviser's remarks about the strategy for pushing through the law, several outlets examine his comments in relation to the tax on Cadillac plans. ...Read More »
Dow Movers: VZ, KO By Clip Syndicate In early trading on Wednesday, shares of Coca-Cola (KO) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 1.0%. Year to date, Coca-Cola registers a 6.5% gain. ...Read More »
Dow Analyst Moves: HD By Clip Syndicate The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, Home Depot (HD) is the #10 analyst pick. Home Depot Inc also comes in above the median of analyst picks among the broader S&P 500 index components, claiming the #198 spot out of 500. ...Read More »

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