The week at a glance...Americas

Americas

Ottawa

Chocolate cartel alleged: Canadian authorities have charged Nestlé, Mars, and Hershey with conspiring to fix the price of chocolate in Canada. The Competition Bureau said Hershey Canada had cooperated with the investigation in exchange for lenient treatment, while Mars Canada and Nestlé Canada planned to put up a vigorous defense. Authorities say senior chocolate executives from rival firms met secretly in coffee shops and restaurants to set prices. Cadbury Adams Canada, which was also implicated, blew the whistle on the alleged scheme and has not been charged. Fines could reach $10 million per company; it’s unclear how much each is alleged to have made on the deal.

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