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Latest Price fixing Stories

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,...

New iPad Could Have AO Optronics Panel: Rumor
2012-09-13 07:15:21

Michael Harper for redOrbit.com — Your Universe Online In March, Taiwanese display maker AU Optronics was convicted by the US Department of Justice on claims of fixing the prices of LCD screens. According to the DOJ´s accusations, executives from AUO and AUOA, the American subsidiary of the Taiwanese company, met every month with other LCD suppliers in what the company referred to as “Crystal Meetings” over a span of 5 years to adjust their prices. On Tuesday, the...

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2012-09-08 07:15:02

redOrbit Staff & Wire Reports — Your Universe Online The U.S. Justice Department's proposed settlement with three electronic book publishers accused of participating in an ebook price-fixing scheme has been approved by a federal judge, various media outlets have reported. The ruling, handed down by U.S. District Judge Denise Cote in Manhattan on Thursday, decrees that the three publishers involved -- Hachette Book Group, HarperCollins Publishers Inc and Simon & Schuster...

Optical Drive Makers Turn To Cartel To Keep Their Business Afloat
2012-07-25 05:47:16

Michael Harper for redOrbit.com — Your Universe Online The European Commission has just sent out 13 Statement of Objection letters to members of an alleged CD and DVD drive cartel. The European Commission has informed these optical drive companies that they may have infringed against some EU antitrust regulations by participating in a cartel with members from all over the world. The European Commission says they have “concerns” that 2 large companies may have organized...

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2012-07-23 21:18:41

Michael Harper for redOrbit.com - Your Universe Online Apple and the Department of Justice have been exchanging harsh words in the ongoing ebook price-fixing investigation. In May, Apple accused the DOJ of siding “with monopoly, rather than competition” when they sued Apple and 6 other publishers for allegedly adjusting their prices to beat out Amazon´s $9.99 e-book price point. Today, the DOJ has released a document, calling Apple´s actions...

Toshiba Fined $87 Million In Price Fixing Scheme, Might Not Pay
2012-07-04 12:06:49

Michael Harper for redOrbit.com — Your Universe Online Japan electronics company Toshiba has just been ordered to pay $87 million in damages, thanks to a northern California judge and an alleged price-fixing scheme. Customers banded together to bring the class action suit against Toshiba, claiming the company had conspired to fixes prices of the liquid crystal display market. While not the only company accused in the class action, the other defendants opted to settle the case...

Apple, Amazon, And The DOJ
2012-05-25 04:24:29

Michael Harper for RedOrbit.com Apple had some tough words for the Department of Justice (DOJ) on Thursday as they accused them of siding “with monopoly, rather than competition” when they sued Apple and 6 publishers for allegedly price-fixing their e-books. The DOJ filed a lawsuit in April accusing Apple and the other publishers of trying to retaliate against Amazon.com for offering their books at the $9.99 price point. Three of the publishers have decided to settle with...

Jobs Involved In Alleged E-book Price Fixing; Judge Denies Request To Dismiss Case
2012-05-16 06:57:23

A New York-based District Court judge has denied a request by Apple and five major publishers to throw out a case which charges them of colluding to inflate electronic book prices in 2010. The lawsuit by consumers originated from accusations that Apple and the publishers -- Hachette Book Group, HarperCollins, Macmillan, Penguin, and Simon & Schuster of collaborating to inflate prices in order to challenge Amazon.com's cost-based dominance of the e-book marked, Grant McCool of Reuters...


Word of the Day
endocarp
  • The hard inner (usually woody) layer of the pericarp of some fruits (as peaches or plums or cherries or olives) that contains the seed.
This word comes from the Greek 'endon,' in, within, plus the Greek 'kardia,' heart.
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