Supermarkets guilty of price-fixing: government watchdog
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The competition watchdog accused British supermarkets and dairies on Thursday of colluding to fix prices, resulting in customers being overcharged 270 million pounds for dairy products.
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There could be more supermarkets if changes suggested by the Competition Commission are adopted.
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Ignorance about cheaper deals is costing consumers Â£2.5bn a year, warns an online comparison service.
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Four Infineon executives pled guilty for price fixing computer memory chips and will face a prison sentence of four to six months along with $250,000 in fines, reported the US Department of Justice on Thursday.
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A Beijing court has convicted and fined operators of a pirated DVD shop Monday, the Motion Picture Association (MPA) said.
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Dutch grocery giant Royal Ahold NV yesterday settled Securities and Exchange Commission charges that its Columbia food distribution unit, US Foodservice, and other subsidiaries fraudulently
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More than 1,000 Zimbabwean businessmen and women have been fined for breaking price controls, police say.
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The supermarket giant Asda was fined Â£5,000 ($9000) after UK court ruled yesterday that the claim that the fruit may help fight cancer contravenes the health according to that any labeling claiming that a food prevents, treats or cures a disease is
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BritainÃÂÃÂs four leading supermarkets and dairies colluded to overcharge consumers 270 million pounds by raising the prices of dairy products, the Office of Fair Trade said Thursday.
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GE Capital Bank is fined Â£610,000  after treating customers unfairly while selling payment protection insurance, a watchdog says.
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The British competition watchdog accused British supermarkets and dairies on Thursday of colluding to fix prices, resulting in customers being overcharged 270 million pounds (386 million euros, 542 million dollars) for dairy products.
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Most consumers are complaining about the high cost of milk, but state regulators appear to be worried about supermarkets that sell their milk too cheaply.
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Carphone Warehouse has been fined Â£245,000 by the financial watchdog for mis-selling mobile phone insurance.
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TESCO'S policy of sending money-off vouchers to customers who buy a lot of wine has been questioned by a group of MPs.   John Denham, chairman of the Home Affairs Committee, said the supermarket risked cajoling those with alcohol problems tobuy more drink.
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Nine vendors have agreed to plead  guilty to creating false account records in a scheme that  allowed U.S. Foodservice Inc., a unit of Dutch retailer Ahold  N.V. AHLN.AS, to inflate earnings by more than $800 million,  federal prosecutors said on Thursday.
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Italian pasta makers face an investigation by Italy's regulator into alleged price fixing of one of the country's staple foods.
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Blame shoppers, not supermarkets I don't think Shaw's Supermarkets' ''10 for $10" program ranks very high on the consumer-outrage scale, and I see nothing to criticize supermarkets for (''Supermarket promo is for real, more or less," Dec. 19).