Articles about Price Fixing

management governance3

Tech spending in Europe is slowing, a fatter Tech Data belches

Tech Data has said it is countering the slowdown in IT spending across Europe by nabbing market share from Ingram Micro rivals, though it stopped short of naming those leaky ships it is pinching business from. The IT distie titan reported group sales of $6bn, up one per cent year-on-year for Q1 ended 30 April; revenues in the …
Paul Kunert, 27 May 2016
Slices of madeira cake

Dell kills CRT suit

Dell has dropped an eight-year-long price-fixing lawsuit against LG. The two sides have filed in a Northern California District Court to end the case, in which Dell accused LG of illegally conspiring with other CRT monitor makers to hike up prices in the late 1990s. Each side will pay their own costs for the case. LG had been …
Shaun Nichols, 26 Apr 2016

California gets $5m pound of flesh from Samsung, LG, others in price-fix scandal

The state of California has levied fines against five electronics giants for gouging consumers on the cost of TVs and monitors. Attorney General Kamala Harris said the Golden State would be getting a $4.95m total payout from the coffers of Samsung, Panasonic, LG, Toshiba and Hitachi to settle charges of price-fixing. Harris …
Shaun Nichols, 31 Mar 2016
Steve Jobs with OS X interface designers in 2001 shortly before the beta release

Dead Steve Jobs is still a crook – and Apple must cough up $450m for over-pricing ebooks

Apple's long and stubborn efforts to avoid the sting of ebook price-fixing probe and an accompanying $450m fine have finally ended: the US Supreme Court has decided not to hear the iTunes giant's appeal. The Cupertino titan lost its case back in 2013 after it was found guilty of conspiring with publishers Macmillan, Hachette, …
Kieren McCarthy, 07 Mar 2016
Graph of US dollar going up CC 2.0 https://www.flickr.com/photos/68751915@N05/ 401kcalculator.org.

LCD price fixing settlement helps sweeten Tech Data's bottom line

A $35m settlement from LCD vendors over price fixing coupled with some general belt tightening on operating costs helped Tech Data bank a double digit profit bounce in Q4 of fiscal ’16. The world’s second largest tech distributor reported sales of $7.48bn for the three months ended 31 January, up two per cent year-on-year. In …
Paul Kunert, 04 Mar 2016
Apple iBooks

ebook price-fixing saga: Apple rids self of court-appointed watchdog

The watchdog assigned to keep close tabs on Apple after it inflated ebook prices has been told to go home by a US court. In 2013, Apple was found to have conspired with publishers to fix the prices of digital books. The Cupertino goliath was ordered by a court to allow an independent monitor into its hallowed halls and inspect …
Shaun Nichols, 14 Oct 2015
empty_pockets_648

You want the poor to have more money? Well, doh! Splash the cash

Worstall @ the Weekend Phillip from London writes in to note that I'm really not a fan of the minimum wage. So, given that we don't want the poor starving in the streets, or that we might actually think there is some minimum income that a rich country should provide just because, what's the recommended Worstall method of achieving this? To which the …
Tim Worstall, 20 Sep 2015
Pulling the plug

Sorry Samsung, Philips, LG, Technicolor: EU upholds €1.4bn cartel fine

The European Union's General Court has upheld a €1.4bn (£1bn) fine against Samsung, Philips, LG Electronics and Technicolor for cartel-like behaviour, while reducing fines imposed on Toshiba and Panasonic. In 2012, the European Commission fined the companies €1.47bn for participating in either one or both of two distinct …
Kat Hall, 10 Sep 2015

Should all Europeans be able to watch Estonian football? Consultation launched

Europe’s Digital Commissioner wants to know what you think about copyright rules for satellite broadcasters and cable companies. On Monday, digi veep Andrus Ansip launched a public consultation on his favourite topic – geoblocking. The consultation asks whether 22-year-old EU rules that define where and how satellite …
Jennifer Baker, 25 Aug 2015
Snow White and the Seven Dwarfs restored on Blu-ray

Antitrust this! EU Commish goes after HOLLYWOOD’s big guns

After an 18-month investigation, the European Commission on Thursday decided to file antitrust charges against US movie studios 20th Century Fox, Warner Brothers, Sony Pictures, Paramount, NBCUniversal, and Sky TV. Competition head honcho, Margrethe Vestager, has sent a so-called Statement of Objections to Sky and Co, usually …
Jennifer Baker, 24 Jul 2015
Apple iBooks

'This ruling does nothing to change the facts' thunders Apple in latest price-fix appeal blow

Apple has lost its appeal of a federal court decision that found it broke antitrust law by colluding with publishers to fix the prices of ebooks. The US Second Circuit Court of Appeals upheld a 2013 ruling by the US District Court of the Southern District of New York that found Apple had sought to artificially inflate ebook …
Shaun Nichols, 30 Jun 2015
Amazon under a cloud

Commish snaps on rubber gloves, Amazon readies itself for antitrust probe

The European Commish has decided to prod about in Amazon’s contracts with publishers looking for nasty antitrusty behaviour. The Commission is concerned that the contracts, which force publishers to notify Amazon about more favourable terms and conditions with competitors, may make it more difficult for other ebook …
Jennifer Baker, 11 Jun 2015
It's upgrade time again folks...

Lonely Pirate cheers on Big Copyright-bashing EU commissars

The EU's sole Pirate Party MEP has welcomed rumours that the European Commission is to get tough with big Hollywood firms’ geo-blocking activities. According to a Bloomberg report the EU's competition chief, Margrethe Vestager, is set to send a so-called “statement of objections” to US movie studios 20th Century Fox, Warner …
Jennifer Baker, 04 Jun 2015
TVs by Holly at Flickr, CC 2.0 license

US court agrees $563m settlement over CRT anti-trust allegations

A $563m (£372m) settlement has been agreed over alleged price fixing by large TV and computer screen manufactures, including Philips, Pansaonic, Hitachi, Toshiba and Samsung SDI. The lawsuit claims that the defendants fixed the prices of cathode ray tubes (CRTs) from March 1, 1995 to November 25, 2007, which resulted in …
Kat Hall, 02 Jun 2015
The Queen and Prince Philip visit Bletchley Park

Why OH WHY is economics so bleedin' awful, then?

Worstall @ the Weekend As Her Majesty the Queen remarked a few years back, why was it that no economist actually saw the crash coming? There's actually two answers to that. First, the cute one: that sort of violent change cannot be predicted. If it could be predicted then prices would move before it happened, meaning that it would have already …
Tim Worstall, 03 May 2015
Michael Bromwich

Ebook price-fix saga: Official Apple peeler says probe is fruitless

A US court-appointed watchdog tasked with ensuring Apple sticks to its e-book price-fixing settlement promises says the iThing giant is not playing ball. In a report [PDF] submitted to the New York Southern District Court, external compliance monitor Michael Bromwich claims Apple has not cooperated with his efforts to examine …
Shaun Nichols, 17 Apr 2015
Beats Music The Sentence

Take a deep breath, Apple: Europe snaps on gloves for vigorous iTunes stream pat-down

Apple is once again in the headlights of oncoming government regulators, this time over its forthcoming iTunes music-streaming service. Reports from The New York Times and Wall Street Journal cite well-placed sources claiming the Cupertino idiot-tax operation is being scrutinized by the European Commission over its dealings with …
Shaun Nichols, 02 Apr 2015
Android icon desktop toys

El Reg's Giant Mobile Industry Roundup of 2014

Part 1 It has been a crowded year in mobile. Apple breathed life into its iPhone brand, Google tried to take control of Android, while Microsoft fell asleep at the wheel. The Chinese handset tide began to reach Europe. Nokia waved goodbye to its phone division and jumped back in with a tablet – and an unusual business proposition. …
Andrew Orlowski, 31 Dec 2014
Google UK office logos

Blind justice: Google lawsuit silences elected state prosecutor

Comment Google's success in "assassinating" a democratically-elected legal opponent last week raises troubling questions about corporate power and accountability. The feisty attorney for the USA's poorest state is now trying to make peace, after being on the receiving end of a highly unusual lawsuit from Google. Even if you will have …
Andrew Orlowski, 23 Dec 2014
iPad iBooks app

Top Apple exec: 'I knew [ebook] prices were going to go up – hell, the whole world knew'

The head of Apple's software and services has hit out at a court ruling against the iTunes giant in a lawsuit over ebook price-fixing. Speaking in an interview with Fortune, senior vice-president Eddy Cue said Apple will fight to overturn its conviction for conspiring with publishers to inflate the price of digital titles. The …
Shaun Nichols, 03 Dec 2014

Forget the accountancy scandal, our biz is back: Tech Data

If companies operate as intended then sales growth should be a given, and with its accountancy scandal pretty much behind it Tech Data reported business as usual for the fiscal third quarter that ended last month. The world’s second largest tech distributor reported a 6.1 per cent hike in sales to $6.76bn, largely aided by …
Paul Kunert, 27 Nov 2014
Amazon founder and CEO Jeff Bezos

Judge OKs $450m deal to end ebook price-hike row. But Apple just won't let it die

A Manhattan judge has finally approved Apple's settlement in its long-running ebook price-fixing lawsuit: $400m will go to readers who paid over the odds, and $50m will go to the lawyers suing the iTunes Giant. The out-of-court deal was drawn up in June and was granted preliminary approval by District Court Judge Denise Cote in …
Iain Thomson, 22 Nov 2014
Amazon Kindle Touch Wi-Fi eBook reader

Amazon buries the hatchet, not Hachette, in ebook price brouhaha

Amazon has made peace with French publishing house Hachette, finally bringing an end to the months-long battle over ebook pricing and publisher royalty payouts. The two companies did not disclose terms of the deal but did acknowledge in a joint statement that Hachette would get the rights to set prices for its books with what …
Shaun Nichols, 14 Nov 2014
City Lifeline cable guys get busy outside

'Net Neut' activists: Are you just POSEURS, or do you want to Get Something Done?

Analysis On Monday, President Obama wrote out a cheque he knew he couldn't cash. The President is signalling to activists and his Silicon Valley backers that although, yes, he may spend much of the time playing golf, he actually truly and deeply does care. He "gets it". City Lifeline cable guys get busy outside You want cable? It's …
Andrew Orlowski, 13 Nov 2014
iPad iBooks app

Shareholders throw the book at Apple for ebook price-fix drama

Apple is once again being sued by its own investors – this time they're irked by the ebook price-fixing brouhaha. The lawsuit alleges the iThing maker part in the scandal harmed its reputation and thus shareholders' investments. According to a court filing obtained by journalist Jeff Roberts, Apple chief Tim Cook, executive Eddy …
Shaun Nichols, 06 Sep 2014

Britain's housing crisis: What are we going to do about it?

Worstall @ the Weekend We talked last week about how macroeconomics is still pretty terrible at telling us what we ought to do about the world around us, which is why I always rather scratch me head at people who insist that rent control is going to be a good way of solving our current housing crisis. For amongst economists, there's a pretty good …
Tim Worstall, 30 Aug 2014
Photo of burning books

Amazon smacks back at Hachette in e-book pricing battle: We're doing it for the readers

Amazon’s latest PR stunt for its contract dispute with publisher Hachette has seen the mega etailer establish a “Readers United” group in response to writers’ group “Authors United” to put pressure on the publishing house to lower its book prices. This comes after writers including Philip Pullman and John Grisham took out a …
Rainbow Mansion library

Apple ebook price-fix row: Stiffed readers inch closer to $450m windfall

An ebooks price-fixing lawsuit against Apple in the US is close to wrapping up – with the iPhone maker coughing up nearly half a billion dollars as a result, potentially. A US Judge on Friday granted preliminary approval to the $450m payment deal, in which Apple will settle with states' attorneys general over allegations of …
Shaun Nichols, 02 Aug 2014
iPad iBooks app

US judge 'troubled' by Apple's $450m bid to end ebook price-fixing row

US federal judge Denise Cote is not particularly chuffed with Apple and its proposed $450m settlement in an ebook price-fixing lawsuit – because the odds are stacked against customers if the appeals process goes Cupertino's way. Apple and 33 American states and territories came to the deal on how much the company should pay …

Stephen Elop: 'Hello there' (and goodbye to 12,500 of you)

QuoTW How would you like to be told that you may have lost your job? Probably not with an email which started with the phrase: "Hello there." But that's how Microsoft mobile boss Stephen Elop began his missive to the Microsoft Devices Group, burying the news about killing off Nokia X in par four, and the bit about which operations in …
Jasper Hamill, 18 Jul 2014
iBooks example

Apple ebook price-fix settlement: Readers get $400m, lawyers $50m

Details have emerged of Apple's out-of-court settlement with 33 US states that had accused the company of hiking up ebook prices. US attorneys general revealed today that the iPad maker is on the hook to pay out $400m to readers. Lawyers will walk away with as much as $50m on top of that. The conditional settlement will only go …
Shaun Nichols, 16 Jul 2014

Amazon offers Blighty's publishing industry 'assisted suicide'

Amazon wants to dictate book prices, and even print copies of publishers' books itself, a report in trade mag Bookseller suggests. UK publishers are, we're told, none too happy. Over in the US, Amazon is already locked in battle with Hachette, the first publisher whose terms with Amazon are coming up for renegotiation: Amazon …
Andrew Orlowski, 27 Jun 2014
Micro SIM Card

Mobile SIM chip-makers 'will be fined by EU' for price-fixing, say sources

EU antitrust regulators are set to fine Samsung, Philips, Infineon Technologies and other tech firms for fixing the prices of chips used in mobile SIM cards, familiar folks whispered to Reuters. The European Commission kicked off a probe of the chips used in telly smart cards, passports, mobiles and ATM cards all the way back …

Apple settles ebook price-fixing damages lawsuit with US states

Apple has settled out of court with the 33 US states and territories that had been seeking up to $840m in damages for its ebook price-fixing shenanigans. The fruity firm, which was found guilty of engaging in the price-fixing conspiracy with five major book publishers in a separate trial, has always maintained its innocence …
management regulation2

Oi, ebook price fixer. Yes, you, Apple – stop whinging and get your chequebook out

A US appeals court has rejected Apple’s attempt to delay the damages trial over its ebook price-fixing scandal. The iPhone maker had hoped to postpone the hearings until after it’s had a chance to appeal its guilty verdict. In a very short order, seen by The Register, the Court of Appeals for the Second Circuit in New York …
iPad iBooks app

US DoJ to appeals court: Haha, no, seriously – Apple totally inflated ebook prices

The US Department of Justice has urged an appeals court to uphold the verdict against Apple that found the fruity firm had violated antitrust laws and conspired with book publishers to fix the price of ebooks. In paperwork submitted to the US court and seen by The Register, the DoJ claimed Apple’s appeal was just trying to …
Apple iPad 3 aka new iPad

APPLE FAILS to ditch class action suit over ebook PRICE-FIX fiasco

Apple has lost its bid to dismiss an $840m class action lawsuit over the ebook price-fixing fiasco. State attorneys general in 33 states and territories have joined together with lawyers for Apple customers to sue the fruity firm for damages relating to the allegations that it worked with five major publishers to fix prices …
Apple iPad 3 aka new iPad

Apple cooperating at last on antitrust after MONTHS of wrangling – says court watchdog

Apple execs have made a "promising start" to fixing the company's antitrust compliance programme, says the monitor appointed by the court after the iPhone maker was found guilty of conspiring to fix ebook prices last year. However, the Cupertino corp has spent too much time dragging the process out, he said. Scrutinizer …

What price justice? 73 CENTS in book price-gouging case

Amazon has begun offering customers store credit on behalf of publishers who recently settled a price-fixing case. The credit is being distributed to customers as part of a refund program under the terms of a US settlement agreed to by five major e-books publishers. Amazon noted that it was not part of the suit, but was merely …
Shaun Nichols, 26 Mar 2014
Samsung 60nm 1Gb DDR 2 DRAM chip and DIMM

The long war on 'DRAM price fixing' is over: Claim YOUR spoils now (It's worth a few beers)

Remember getting hosed on those 128MB DIMM RAM sticks back in Y2K? Well, it's time to exact your revenge: with a $10 payout. A group of US Attorneys General have agreed to a $310m settlement package with memory chip makers, which is to be distributed among the public, following allegations of price gouging by vendors between the …
Shaun Nichols, 07 Mar 2014
Screaming kid

US Appeal Court slaps Apple for trying to shake antitrust monitor

The US Appeals Court has rejected Apple's bid to oust its court-appointed antitrust monitor, after Cupertino failed to convince the panel of three judges that he was doing the company irreparable harm. Apple was trying to have Michael Bromwich taken off the job for the time being while it pursues appeals both against his …
iPad Mini 2013 and iPad 4

Apple's STILL trying to shake off court-imposed antitrust monitor

Apple hasn't given up the fight to get its court-appointed antitrust monitor thrown out as it takes its case to the US Appeals Court. The fruity firm has been trying to persuade the courts to put off the monitor's appointment until it has appealed against the guilty verdict imposed on it last year for conspiring to fix ebook …

Plaintiffs: 'Hey judge! Soak Apple for $840m in ebook price-fixing suit'

Apple may be on the hook for as much as $840m after having been found guilty of ebook price-fixing. The state attorneys general who joined the price-fixing suit along with the US Department of Justice have told the court that not only should Apple be liable for $280m in damages, but that antitrust law says the amount should be …
Rik Myslewski, 03 Feb 2014

Almost everyone read the Verizon v FCC net neutrality verdict WRONG

Comment Doomsday arrived this week – or is about to. That's if you've been reading the tech blogosphere. "We are the Folk Song Army. Everyone of us cares. We all hate poverty, war, and injustice, Unlike the rest of you squares." - Tom Lehrer A US appeals court ruled on Tuesday that America's communications watchdog the FCC didn't …
Andrew Orlowski, 18 Jan 2014

Apple badmouthing of court's monitor proves it NEEDS him - judge

Apple's objections to its court-appointed antitrust monitor show exactly why the fruity firm needs an outsider keeping watch on its competition practices, the judge in the case has said. US District Judge Denise Cote released a full opinion on why Apple needs the monitor after deciding on Tuesday to reject the company's bid to …
management regulation1

Apple fails to shake antitrust watchdog loose, receives judge slapdown

Apple has lost its bid to get rid of the antitrust monitor installed by the court after it was found guilty of conspiring to fix ebook prices. The fruity firm has complained about the chosen monitor, Michael Bromwich, more or less since he started, claiming that his fees are too high and that he's trying to do far more …
iPad iBooks app

Apple asks judge to axe ebook price-fixing watchdog

Apple has asked a New York court to kick the antitrust monitor the beaks appointed off the company's payroll, accusing him of being biased against the fruity firm. Cupertino has been complaining about the court-appointed external compliance monitor Michael Bromwich practically since he got the job, saying that his fees are …
Punk-styled girl with piercing gazes at an apple

Apple loses sauce, BlackBerry squashed and Microsoft, er, WinsPhones (Nokia's)

Year in Review It was a year where Apple slurped down enormous profits but lost some of its bleeding-edge-tech street cred, while Samsung marched inexorably on. But behind the scenes there was much more going on. Here are the year's trends put through the blender. Apple Apple's strategy is quite simple: instead of making products the …
Andrew Orlowski, 30 Dec 2013
hands waving dollar bills in the air

Apple: 'Court-appointed antitrust regulator is taking advantage of us'

Quotw This was the week when Amazon announced its plans to build a drone army to deliver parcels around the United States... well, to people within a 10-mile radius of a warehouse anyway. The scheme has a number of issues against it - legality, distance and weight problems, etc - although the drones being shot down by thieves isn't …
The Ares lower-stage skirt extension separation test

Our irony meter exploded: Apple moans ebook price-fixing watchdog is too EXPENSIVE

Apple has filed a court motion complaining that Michael Bromwich, the court-appointed antitrust regulator overseeing the fruity firm in the wake of its ebook price-fixing shenanigans, is too charging too much for his services. "Mr Bromwich appears to be simply taking advantage of the fact that there is no competition here or, in …
Iain Thomson, 29 Nov 2013