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Europe Fines Key Electronics Companies for Price-Fixing

Posted December 5th, 2012 at 4:50 pm (UTC-5)
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European regulators have fined some of the world’s largest electronics companies a record of nearly $2 billion for fixing the prices of television and computer screens. The European Union’s antitrust chief, Joaquin Almunia, said the companies engaged in some of “the worst kinds of anti-competitive behavior” from the late 1990s through 2006, establishing prices they […]

Tags: , , Posted in Economy

Taiwan Firm Fined $500 Million in US Price-Fixing Case

Posted September 20th, 2012 at 3:45 pm (UTC-5)
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A U.S. judge has fined a Taiwanese electronics firm $500 million in a conspiracy to fix prices for liquid-crystal-display panels, in one of the largest penalties ever in an American anti-trust case. Judge Susan Illston imposed the sentence Thursday in San Francisco against the AU Optronics company. She also sentenced two of its former executives, […]

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Sharp Increase in Grain Prices Raises Alarm

Posted July 20th, 2012 at 6:55 pm (UTC-5)
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A 20-percent spike in maize and wheat prices in just the past three weeks is raising concerns with the United Nations Food and Agriculture Organization. FAO economist Shukri Ahmed tells VOA that the increase in price was sharp and sudden. He says until May, experts were hoping for a huge increase in worldwide maize production. […]

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Oil Prices Falling Sharply

Posted May 16th, 2012 at 3:25 pm (UTC-5)
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The price of oil on world markets continued to fall Wednesday, reaching levels not seen in months. In New York, the price for the West Texas Intermediate crude drilled from U.S. oil rigs dipped to as low as $91.81 a barrel — the lowest point since last November — before edging higher again. In London, […]

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Facebook Boosts Its Initial Stock Price

Posted May 15th, 2012 at 10:05 am (UTC-5)
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Social media giant Facebook says it is raising the price of the company stock it is offering to the public. The Internet-based social network site had initially said the more than 337 million shares of stock it is selling would be priced between $28 and $35 a share. But with strong demand for the stock […]

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Iran Nuclear Tensions Boosting World Oil Prices

Posted February 24th, 2012 at 4:25 pm (UTC-5)
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The price of oil on world markets jumped again Friday amid growing tensions over the West’s attempt to halt oil-producing Iran’s nuclear program. U.S. crude oil on the New York market rose for the seventh straight trading session, ending the week at $109.77 a barrel, a nine-month high. Brent crude sold on the London market […]

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Oil Price Hits Nine-Month High

Posted February 20th, 2012 at 12:30 pm (UTC-5)
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The price of oil is rising, hitting a nine-month high on the New York market as traders worry about the disruption in Iranian oil exports. On Sunday, Iran cut off the small amount of oil it supplies to British and French companies. It was a pre-emptive retaliation against the European Union’s planned embargo of Iranian […]

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Japanese Company to Plead Guilty in US Price-Fixing Case

Posted September 29th, 2011 at 11:50 am (UTC-5)
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A Japanese auto parts supplier and three of its executives have agreed to plead guilty to U.S. allegations that they engaged in a price-fixing and bid-rigging conspiracy. The U.S. Justice Department said Thursday that Tokyo-based Furukawa Electric would pay a $200 million fine for its role in the scheme. The agency said the company conspired […]

Gold Prices Plunge

Posted August 24th, 2011 at 3:00 pm (UTC-5)
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The price of gold plunged more than $100 an ounce Wednesday, just one day after the price of the precious metal hit record highs above $1,900. The price of gold for future delivery fell more than 5 percent to hit $1,761.50 an ounce in New York’s afternoon trading. Gold is a traditional safe haven for […]

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Price of Gold Hits New Record, Edging Toward $1,900

Posted August 22nd, 2011 at 1:30 pm (UTC-5)
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The price of gold has hit a new record as its edged toward $1,900 an ounce. The cost of the precious metal reached nearly $1,898.60 in New York trading Monday before retreating a bit. The price of gold has jumped 15 percent in the first three weeks of August as investors view its purchase as […]

Tags: , Posted in Economy
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