June 7, 2012 |
A broadening probe of price fixing among auto suppliers has ensnared a Swedish company, Autoliv Inc., which agreed to pay a $14.5-million fine for conspiring to manipulate the price of seat belts, air bags and steering wheels, the Department of Justice said. In addition, an executive at Japanese supplier Yazaki accepted a 14-month term in federal prison for fixing prices on auto wiring components. The actions were the latest in a string of fines and jail terms doled out by the nation's top law enforcement agency as it investigates what it called a multiyear, multi-continent conspiracy to control prices in a specialized auto parts market worth billions.
October 7, 2001
I see where the cost of crude that is used to make gasoline is at a very low price right now ["Energy Chief Says Gas Supply Stable, May Boost Oil Reserve," Sept. 28]. How come the "instant overnight" price at the pump does not come down [overnight]? When the price of crude goes up a bit, the "instant overnight" phenom of a higher price kicks in in a nanosecond. What am I missing here? Ray P. Keesler La Crescenta
January 19, 2003
Re: "Disney Continues Aggressive Pricing, Raises Admission at Southland Parks," Jan. 7. At what point did price gouging become aggressive pricing? It isn't difficult to understand the 8% drop in park attendance. The price of admission for my family of seven -- not parking, not food, not souvenirs, just admission -- would feed my family of seven for a month. That choice is a no-brainer. Robert D. Stevenson Highland
June 17, 2001
I read with amusement "Gasoline Prices' 3-Week Slide Ends" [June 12]. At all of my local stations in Orange County, the price is either at the peak or not more than 2 cents lower. If they are paying a lower price for their supply, they certainly aren't passing it along. If you call 2 cents a "slide," then you'd probably call a nickel drop a collapse. Thanks for letting me get in my two cents' worth. Judd Silver Irvine
January 16, 2000
Gotta mail a letter while away? You'll get a deal in Rio de Janeiro. Selected prices for domestic first-class stamps: Tokyo.....................$0.64 Munich, Germany...........$0.58 Vienna....................$0.53 Copenhagen................$0.52 Paris.....................$0.48 London....................$0.41 Athens....................$0.32 Mexico City...............$0.31 Toronto...................$0.30 Sydney, Australia.........$0.29 Madrid....................$0.22 Hong Kong.................$0.
January 14, 2007
Times staff writer David Streitfeld wrote Jan. 2 about his experiences as a customer of Amazon.com, describing price changes that occurred between when he put books in his "shopping cart" and when he went back later to complete his purchases. About 100 readers have e-mailed responses to his article, "Amazon mystery: pricing of books." Here is a sampling: --- Those darn price "warning" windows have been making my head spin. I am a graduate student and, as you experienced, I have books in my cart that I buy as I need them or dream of purchasing one day. "Bizarre" is too mundane a word to try to explain how a depth-psychology book can rise or fall $5 in one day. I would really like an explanation from Amazon.
August 19, 1990
Two items in your July 25 "Briefly" column really stood out: (1) Domestic car and truck sales off, with Ford dropping 18.8%, the most of all; and (2) Ford Motor Co. said the average price of one of its 1991 cars will be $528, or 3.2% higher, and the average light truck price will increase by 3.6%. How they figure that raising prices will increase sales is mystifying. I can only assume that they use the same convoluted logic that the state Lottery used when deciding that decreasing the odds of winning by adding more numbers would increase revenue.
October 3, 2004
Regarding "Starbucks to Raise Prices 11 Cents a Cup," Sept. 28: In announcing price increases, Starbucks cited the increased cost of coffee as one factor, and noted that there had been no increase since 2000. This is very curious, since New York Board of Trade (www.nybot.com) historic data show that coffee sells for less now than it did in 2000, and Starbucks didn't reduce prices when the price of coffee beans fell dramatically. This Starbucks fan and stockholder thinks a price increase now is just another example of corporate greed.
November 25, 2008 |
Wal-Mart Stores Inc. reached a settlement with the state of California over allegations of price-scanning errors for some products. As part of the agreement, Wal-Mart will give customers $3 back when pricing errors are found at the cash register, state Atty. Gen. Jerry Brown said.
July 20, 2008
Regarding your column, "Filling up but going nowhere," (Consumer Confidential, July 16), the really sad part is now that consumers are used to paying over $4 a gallon for gas, the price of gasoline will probably never go lower. If somehow, something better fuel-wise comes along, and no one demands gasoline, the price will be about the same. Buy a roll of 35-mm Kodak or Fuji film for a camera. The price is about the same as it was before digital cameras became popular. I haven't seen or heard of long lines at the gas pump.