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Latest Anti-competitive behaviour Stories

2013-02-25 23:04:40

When it occurs, construction bid rigging can drastically increase an organization's construction costs. The Construction Audit & Cost Control Institute is advising organizations to enhance their awareness and their related action steps aimed at detecting and preventing this illegal activity. Dallas, Texas (PRWEB) February 25, 2013 The Construction Audit and Cost Control Institute is encouraging construction project owners to take proactive measures to detect and prevent bid rigging that...

LCD TV Makers Penalized In China For Price-Fixing
2013-01-04 12:44:07

Michael Harper for redOrbit.com — Your Universe Online LCD television manufacturers who have been previously convicted of price-fixing have now met justice in China. LG, Samsung and 4 other Taiwanese companies have been fined a total of $56 million for fixing the prices of their flat-panel TVs.  Part of their penalty involves paying back Chinese television manufacturers who paid too much for their LCDs. This ruling also marks the first time a foreign company has been...

LG, Philips Face EU Fines
2012-11-11 10:48:30

April Flowers for redOrbit.com — Your Universe Online According to unnamed sources, Philips and LG Electronics, along with four other top electronics manufacturers, are facing hefty European Union (EU) fines at the end of the month. Their offense? Price fixing television cathode-ray tubes. The other companies involved are South Korea's Samsung SDI, French group Thomson, which was renamed Technicolor in 2010, and Japanese companies Matsushita, now known as Panasonic Corp, and...

EU Favors Amazon Over Apple in eBook Battle
2012-11-06 18:55:45

Michael Harper for redOrbit.com — Your Universe Online In an exclusive report, Reuters is claiming the antitrust investigation into Apple for their alleged attempts to fix the prices of eBooks in Europe is coming to a close, with Amazon emerging victorious. The European Union regulators are said to be ready to accept a deal from Apple and four publishers that would lessen the price restrictions on Amazon, according to 2 sources who spoke with Reuters. With this decision in place,...


Word of the Day
vermicular
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.
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