Reuters: Regulatory News: China fines six companies for price fixing-Xinhua

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

China fines six companies for price fixing-Xinhua Aug 7th 2013, 03:13 BEIJING | Tue Aug 6, 2013 11:13pm EDT BEIJING Aug 7 (Reuters) - China's economic planner hit six companies with a total of 670 million yuan ($109.5 million) in fines for price fixing, state media said on Wednesday. Biostime, Mead Johnson, Dumex, Abbott, Friesland and Fonterra, were all fined by the National Development and Reform Commission (NDRC), the official Xinhua news agency said. It did not say what products the fines covered. Three companies -- Wyeth, Beingmate and Meiji -- were exempted from punishment for cooperating with the investigation, Xinhua said. The fines coincide with separate pricing investigations into the pharmaceutical sector as well as gold trading.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions