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ABB Unit Baldor To Pay $2M To End DOL Hiring Probe

By Keith Goldberg (June 26, 2012, 2:26 PM EDT) -- Motor manufacturer and ABB Ltd. unit Baldor Electric Co., which holds $18 million worth of contracts with government agencies, will pay $2 million to settle allegations that its hiring process discriminated against female and minority job applicants, the U.S. Department of Labor said Monday....

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