Tag: deceptive pricing

EU watchdog says pricing at derivatives reporting firms too opaque | Reuters

EU watchdog says pricing at derivatives reporting firms too opaque | Reuters

TRs can be accessed by regulators to see who is behind each trade. The aim is to apply lessons from the financial crisis when Lehman Brothers collapsed but it took time to find out who was exposed to the bank’s derivatives trades. ESMA reviewed fees charged by the TRs and in its report published on […]

HarperCollins settles over Jobs’ cartel | FudZilla

HarperCollins settles over Jobs’ cartel | FudZilla

A rather nasty chapter in Steve Jobs’ biography has finally drawn to a close after publisher HarperCollins has agreed to donate $120,000 in books as part of a settlement with a Canadian law enforcement agency. For those who came in very late,  Apple’s messiah Steve Jobs arranged a pricing cartel which jacked up the prices […]

Law firm that extracted $450M settlement in Apple e-books case is going after company for throttling iPhones | Apple Insider

Law firm that extracted $450M settlement in Apple e-books case is going after company for throttling iPhones | Apple Insider

Hagens Berman, the consumer rights law firm that successfully obtained a $450 million settlement from Apple over e-book price fixing, once again has the tech giant in its sights, and on Friday filed a class-action lawsuit over the iPhone throttling debacle. In a suit filed with the U.S. District Court for the Northern District of […]

Bread price fixing scandal: Sobeys fires back at Loblaw and Galen Weston | Macleans.ca

Bread price fixing scandal: Sobeys fires back at Loblaw and Galen Weston | Macleans.ca

Earlier this week, Loblaw Cos Ltd. and its parent company George Weston Ltd. admitted to participating in a 14-year price-fixing conspiracy that inflated the cost of bread on the shelves of nearly every major grocery chain in Canada. On Friday the Globe and Mail obtained a copy of a letter sent to Loblaw CEO Galen Weston Jr. […]

Consumers using price transparency to budget, not comparison shop | BenefitsPRO

Consumers using price transparency to budget, not comparison shop | BenefitsPRO

People looking for health care coverage aren’t using price transparency tools to shop around for cheaper providers. Instead, says a new study, they use them to plan for out-of-pocket expenses. The Accenture study, reports Modern Healthcare, gives the lie to the claim that consumers will shop around for the cheapest providers if they know the […]

Consumers use price transparency tools to financially plan, not shop around | Modern Healthcare

Consumers use price transparency tools to financially plan, not shop around | Modern Healthcare

The majority of healthcare consumers use price transparency tools to financially plan, a new survey found, contradicting claims that consumers will shop around for the cheapest providers if they know the price before obtaining care. The survey, released this week by Accenture, reported that nearly half of consumers, 46%, seek price information to budget for […]

Comment: Price-fixing of bread would be hard to prove | Times Colonist

Comment: Price-fixing of bread would be hard to prove | Times Colonist

Demonstrating beyond a reasonable doubt that grocers are colluding to keep retail prices artificially high is almost impossible. Several attempts have been made in the past, with mixed results. Grocery stores carry on average more than 15,000 different products, and prices can be affected by an array of factors: commodity prices; energy and labour costs; […]

Amazon Offers New Discounts on Third-Party Sellers’ Goods | Fortune

Amazon Offers New Discounts on Third-Party Sellers’ Goods | Fortune

If you find more goods than usual on Amazon are discounted as the holiday season starts, that may not be because the sellers have chosen to cut their prices. Instead, as The Wall Street Journal reported Sunday, Amazon itself has started briefly discounting certain items sold by sellers, by as much as 9%. This only […]

StubHub, Ticketmaster Under Investigation for Misleading UK Consumers | TicketNews

StubHub, Ticketmaster Under Investigation for Misleading UK Consumers | TicketNews

Findings show that 26% of tickets for comedian Jack Whitehall’s Eventim Apollo show ended up on these four secondary sites, as did 17% of tickets for Lady Gaga at the O2 Arena in London and 15% of tickets for the first night of the BBC Proms at the Royal Albert Hall. Upon the publication of […]

How Amazon can rip you off by changing prices 300 times | Daily Mail Online

How Amazon can rip you off by changing prices 300 times | Daily Mail Online

When Alexander Turney Stewart opened a brand new store in New York in the 1820s, he adopted a radical and original policy. All goods had a fixed price. No longer would salesmen size up the apparent wealth of a customer and see how much they could get away with charging. Rival retailers predicted the Irishman […]