Price Fixing | featured news

The former owner of a California tomato processing company was sentenced Tuesday to six years in federal prison for engaging in a price-fixing scam that authorities said involved bribing purchasing managers at food giants including Kraft Foods Inc. and Frito-Lay.

Chinese regulators have fined South Korean companies LG and Samsung and four Taiwanese companies on charges they fixed prices of flat panel screens sold to Chinese manufacturers.

After a Justice Department investigation into e-book price-fixing, the cost of buying an e-book was supposed to plunge, but sales of e-readers and the content for them have stalled.

The U.S. Justice Department is seeking a $1 billion criminal fine on Taiwan's AU Optronics for its participation in a scheme to fix prices on liquid-crystal-display panels.

Barnes & Noble told the U.S. Justice Department that a proposed price-fixing settlement with several major book publishers will hurt the company and consumers.

The U.S. Justice Department has warned Apple Inc. and five top book publishers that lawsuits over alleged e-book price fixing might be in the offing, according to a report in the Wall Street Journal.

When the airline industry took a nose dive a decade ago, executives at global carriers scrambled to find a quick fix to avoid financial ruin. What they came up with, according to federal prosecutors, was a massive price-fixing scheme among airlines that artificially inflated passenger and cargo fuel surcharges between 2000 and 2006 to make up for lost profits.