EU hits US confectionary company with competition fine
Chicago-based confectionary group Mondelez has been hit with a fine of €337.5 million ($366.5 million) for obstructing cross-border trade in its products, the European Commission announced on Thursday. These illegal practices had allowed Mondelez to charge more for its own products, to the detriment of consumers in the European Union, the commission said. It accused the company, formally known as Kraft Foods, of "engaging in anticompetitive agreements or concerted practices aimed at restricting cross-border trade of various chocolate, biscuit and coffee products." It had also abused its domina...