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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: price fixing

price fixing stories: 9 news summaries

(Newser) - Manufacturers have gone on the offensive to stop discounters from selling their products for less than the minimum advertised price they set, reports the Wall Street Journal. But companies like eBay and Costco are pushing for laws to ban the minimum prices. Some retailers, like Circuit City, use workarounds to... More »

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eBay • Costco • online retailers • price fixing • online shopping • retail businesses

 Salt Deficit May 
 Make This Scary 

States order massive amounts of salt, pinching other areas

Nov 16, 08 5:41 PM CST
(Newser) - City officials in the Midwest are struggling to prepare for another season of heavy snowfall as road salt supplies drop and prices surge, the Los Angeles Times reports. High demand and once-high gas charges have boosted salt prices, but the spike from $40 to $140 per ton seems exorbitant to... More »

MORE ABOUT:
price fixing • gas prices • winter • salt • snow • road safety

Feds Dig Into Price-Fixing by Egg, Tomato Processors

New inquiries add to list of investigations

Sep 23, 08 3:35 PM CDT
(Newser) - The Justice Department is investigating allegations of price-fixing by tomato and egg processors, the Wall Street Journal reports today. California processor SK Foods is facing allegations it bribed buyers at six companies to pay inflated prices for tomato paste and chili peppers. Tomato prices have surged 16% over the past... More »

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Department of Justice • FBI • eggs • tomatoes • price fixing • egg • monopolistic practices • federal prosecution

Feds Think Bad Data May Feed Oil Spikes

Broad market probe focuses on price-fixing weak spots

Sep 4, 08 10:01 AM CDT
(Newser) - Commodity regulators, worried that some companies are manipulating crude oil prices by reporting false numbers on supplies and sales, are conducting a wide-ranging probe focused on energy traders, the Wall Street Journal reports. Sources say a big worry is that firms are falsely reporting oil inventories to create the perception... More »

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oil • price fixing • gas prices • Commodity Futures Trading Commission • oil prices

ANALYSIS

Retailers Struggle With Ruling That OK'd Price-Fixing

Enabling manufacturers to set minimum prices leads to collusion, some say

Aug 18, 08 10:57 AM CDT
(Newser) - A Supreme Court ruling that last year allowed manufacturers to set minimum sale prices for their goods is giving retailers fits, the Wall Street Journal reports. Manufacturers, barred from the practice for nearly a century, are being allowed to punish retailers who discount their products by cutting off supplies. Some... More »

MORE ABOUT:
online retailers • antitrust • price fixing • US Supreme Court • retailing

EU Probes Chocolate Price Fixing

Hershey, Mars, others suspected of conspiracy

Feb 20, 08 6:22 AM CST
(Newser) - The European Commission suspects candy giant Hershey of conspiring with other chocolate and candy manufacturers in an industry-wide price-fixing scheme, AP reports. Both Hershey and rival Mars recently received requests for information from the commission after some 50 civil lawsuits in the US have alleged price fixing. The two companies... More »

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Germany • Mars • Canada • Hershey • conspiracy • Cadbury Schweppes • Kraft • price fixing • chocolate • candy • Nestle • European Commission

Chocolate Makers Face Sticky Probe

US and Canada
investigate possible price-fixing

Dec 20, 07 5:25 PM CST
(Newser) - Following a similar investigation in Canada last month, the Justice Department has launched a probe into possible price-fixing in the US chocolate industry. The suspects form a rich, creamy lineup: M&M maker Mars acknowledged it has been contacted by the DOJ, the Wall Street Journal reports. Nestle, too, says... More »

MORE ABOUT:
Department of Justice • Hershey • antitrust • Cadbury Schweppes • price fixing • chocolate • Nestle

2 Airlines Fined $300M
Each for Price Fixing

British Airways and Korean Air both cooperated with the Justice Department

Aug 23, 07 6:55 PM CDT
(Newser) - A US judge has fined British Airways and Korean Air $300 million apiece for conspiring to fix prices. Both carriers had their fines reduced—British Airways could have faced a fine as high as $900 million—after pleading guilty and cooperating with the Justice Department investigation into a global price-fixing... More »

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Department of Justice • British Airways • Virgin Atlantic • airline • Korean Air • price fixing

Airlines Plead Guilty of
Price Fixing

British Airways and Korean Air socked with $300M fines in ongoing investigation

Aug 2, 07 4:28 AM CDT
(Newser) - British Airways and Korean Air have agreed to plead guilty and pay $300 million each in criminal fines for engaging in massive conspiracies to fix the prices of passenger and cargo flights for the past six years, the US Justice Department said yesterday. BA will pony up another $247million fine... More »

MORE ABOUT:
Department of Justice • airline industry • antitrust • British Airways • conspiracy • Korean Air • planes • price fixing

9 Stories


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