Economy | ANALYSIS
Households to take hit from tax hike
by Tomoko Otake
The consumption tax increase will hit every household in Japan hard, with many people’s financial future hanging on whether their wages rise enough to offset the hike's impact.
Crime & Legal Sep 25, 2013
Panasonic group exec indicted for price fixing in U.S.
An executive of a Panasonic Corp. group firm has been indicted by a federal grand jury in Detroit for allegedly participating in a price-fixing cartel for auto parts, the U.S. Department of Justice said. From January 2004 to February 2010, and possibly longer, Shinichi ...
Business Jul 31, 2013
JPMorgan to settle market-rigging case
On March 14, 2011, Blythe Masters, head of JPMorgan Chase’s global commodities group, asked one of her top deputies why California power officials were making ominous inquiries into the bank’s arcane and lucrative business of selling electricity. Five months earlier, Masters had been given ...
Crime & Legal Jul 19, 2013
Panasonic, Sanyo fined $57 million for price-fixing
Panasonic and subsidiary Sanyo have each pleaded guilty to fixing prices for auto parts and battery cells in the United States and will pay $56.5 million in fines, the U.S. Justice Department said Thursday. A third company, South Korea’s LG Chem Ltd., also pleaded ...
Tech Jul 11, 2013
Apple's e-book 'conspiracy' said violated antitrust law
A U.S. judge ruled Wednesday that Apple conspired to raise e-book prices, handing the tech giant a bruising loss that could ripple throughout the industry and force companies to rethink how they meet consumer demand for digital products. For 160 pages, U.S. District Judge ...