Tag: Fines

China fines domestic medicine companies for monopoly pricing | Post Online Media

China fines domestic medicine companies for monopoly pricing | Post Online Media

The two companies have since restored regular pricing and revived market competition. Monopoly practices in the pharmaceutical sector have been a focus of China’s anti-monopoly supervision for some time. The case will help regulate active pharmaceutical ingredient pricing and ensure a fair environment for medicine purchases and sales, according to the NDRC. The NDRC has […]

Jetstar and Virgin handed penalties for ‘drip pricing’ techniques | The Sydney Morning Herald

Jetstar and Virgin handed penalties for ‘drip pricing’ techniques | The Sydney Morning Herald

The fines, which amount to $200,000 for Virgin and $545,000 for Jetstar, were handed down in the Federal Court on Tuesday, following its finding in November 2015 that their use of “drip pricing” techniques was in contravention of Australian consumer law. “I think this is a very big deal,” said Rod Sims, chairman of the Australian Competition and […]

Pricing law vote postponed by Suffolk legislators | Newsday

Pricing law vote postponed by Suffolk legislators | Newsday

The Suffolk County Legislature Tuesday postponed voting on a bill that would require more retailers to put a price label on almost every item they sell or potentially face fines up to $1,000. The legislature voted Tuesday to table the bill, which was proposed by County Executive Steve Bellone. It would expand the scope of […]

Vodafone NZ fined NZ$165,000 for Red Essentials plan pricing error | ZDNet

Vodafone NZ fined NZ$165,000 for Red Essentials plan pricing error | ZDNet

Vodafone NZ has been fined NZ$165,000 for providing misleading information to its customers on its “Red Essentials” mobile phone plan, and overcharging them by a combined NZ$92,000. The fine, handed down by the Auckland District Court, came as a result of the New Zealand Commerce Commission (ComCom) filing charges in May for Vodafone’s breach of […]

France fines 20 delivery firms €672m (£488m) for price fixing | BBC News

France fines 20 delivery firms €672m (£488m) for price fixing | BBC News

The companies fined include the French divisions of FedEx Express, TNT and DHL Express. TLF, the delivery union, was also among those fined. The authority said that the price rises especially damaged small businesses. An additional fine of €1.4m was issued to 15 of the companies, for agreeing on a system designed to pass on […]

Pricing News Daily > 2/26/15

Pricing News Daily > 2/26/15

Pricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals. This Edition is brought to you by:   Strategic Pricing Associates SPA is the leading provider of pricing analytics to 100′s of complex companies of all types: […]

US banks said to face manipulation probe over metals pricing | Livemint

US banks said to face manipulation probe over metals pricing | Livemint

‘Conduct Issues’ Three banks that settled currency-manipulation claims with US regulators in November—JPMorgan, Citigroup Inc. and Bank of America Corp.—were required under terms of those agreements to review and identify “other trading activities that could raise similar market conduct issues.” Those reviews triggered scrutiny of precious metals trading, another person familiar with the matter said. […]

Pricing News Daily > 2/18/15

Pricing News Daily > 2/18/15

Pricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals. This Edition is brought to you by: Wiser Wiser provides a complete suite of solutions to give retailers, brands, and manufacturers the edge to stay both competitive […]

Target Agrees To $4M Settlement For Inaccurate Pricing | CBS Minnesota

Target Agrees To $4M Settlement For Inaccurate Pricing | CBS Minnesota

The suit, filed by prosecutors in California, claims Target also misrepresented the weights of products and that it didn’t check the accuracy of its pricescanners. A Target representative says some of the problems stemmed from promotional signs not being removed immediately after a promotion ended. Read complete article here: Target Agrees To $4M Settlement For […]

Pricing News Daily > 10/2/14

Pricing News Daily > 10/2/14

Pricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals. This Edition is Sponsored by: Value Innoruption Advisors Founded by Dr. Stephan Liozu, Value Innoruption Advisors provides training and consulting resources for organizations interested in embedding value-based […]