The week's business headlines

Saint-Gobain shares drop in face of cartel allegations
Shares for French glassmaker Saint-Gobain took a downturn in trading May 24 after analysts increased the predicted fines the company could receive for recent price fixing charges, according to a same-day release from investment company Hemscott Group Ltd. of London ... read more

Alcoa stays firm on bid after Alcan board votes down merger
Officials from Alcoa of Pittsburgh say they will stand firm on their $27.6 billion bid for Alcan, even after the board for the Montreal-based rival rejected the offer, according to a May 24 SeekingAlpha article ... read more

Nippon Sheet Glass shares drop most in six years
Tokyo-based Nippon Sheet Glass shares fell 13 percent after the company’s United Kingdom-based Pilkington unit reserved $691 million for possible price-fixing fines in Europe, according to a May 23 bloomberg.com article … read more

Price drops for glass in India
The price of glass in India is dropping, despite material price inflation for steel, cement and other building products, according to a May 25 article from the Financial Express in India ... read more

Xinyi Glass stocks see boost after Citigroup nod
Stocks increased 9.2 percent May 21 for Chinese glassmaker Xinyi Glass after analysts from financial services company Citigroup named the company its top pick, according to a same-day Dow Jones Newswire release … read more