Tags » Price Fixing

"Whatever Happened To Antitrust?": Ambushed By The Giant Companies It Was Designed To Contain

Last week’s settlement between the Justice Department and five giant banks reveals the appalling weakness of modern antitrust.

The banks had engaged in the biggest price-fixing conspiracy in modern history. 798 more words

Congress

From Smoke-Filled Rooms to Computer Algorithms -- The Evolution of Collusion

The development of self-learning and independent computers has long captured our imagination. The HAL 9000 computer, in the 1968 film, 2001: A Space Odyssey, for example, assured, “I am putting myself to the fullest possible use, which is all I think that any conscious entity can ever hope to do.” Today businesses (and governments) are increasingly relying on big data and big analytics. 1,793 more words

Finance & Economics

Beware – Price Fixing by Algorithms

So, you’ve designed a great looking poster.  Posters are sold all over Twitter and other social media sites, and now you’ve been lucky enough to land a space in Amazon Marketplace. 807 more words

Cured Crimes

We in the United States are apparently cured of our evil ways. We can shave our handlebar mustaches. We can burn our black suits and top hats. 253 more words

Society

Tender Bid Rigging

Cartels in procurement loot railways of Rs 10,000 crore a year: E. Sreedharan

In the final report, the Metro man says the board was set up originally to “make policies, plans, to lay broader principles of railway management, to frame rules, to inspect and guide the railways”. 1,012 more words

Anti-Competitive

Japanese Shipping Exec Gets 18 Months in Price-Fixing Scheme

BALTIMORE — A Japanese shipping company executive is going to U.S. federal prison for conspiring to fix prices for ocean shipments of vehicles.

The Justice Department says Toru Otoda, a former divisional manager at the company known as “K” Line, was sentenced Thursday in Baltimore to 18 months after pleading guilty to an antitrust violation. 96 more words

News