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Carnival launcheshostile bid for Princess
MIAMI -- Carnival Corp. launched a $4.4 billion hostile bid Monday to buy Britain's P & amp;O Princess Cruises PLC, which has already agreed to a merger deal with Royal Caribbean Ltd.
Miami-based Carnival announced its effort to go directly to shareholders a day after London-based Princess rejected a friendly takeover. Princess Cruises turned down the offer -- even though it is $1 billion higher than Royal Caribbean's offer -- because of antitrust concerns.
Wal-Mart settlesdiscrimination suit
WASHINGTON -- A federal court judge on Monday approved a $6.8 million settlement of a discrimination lawsuit between Wal-Mart Stores and the Equal Opportunity Employment Commission.
The agency had accused Wal-Mart of using a pre-employment questionnaire that violated the Americans with Disabilities Act between Jan. 1, 1994 and Dec. 31, 1998. The questions sought too much information about the type of disability an applicant had, the government alleged.
Wal-Mart will pay $3.8 million for workers who were turned down and $3 million to a fund for those workers yet to be identified.
Recommendationagainst airline deal
WASHINGTON -- The Justice Department recommended against approval of an alliance between American Airlines and British Airways on Monday, saying the deal would threaten competition. American had sought antitrust immunity to form a marketing alliance with British Airways.
Associated Press