Hall of shame: Shooting stars put SEBI, exchanges to test.
Byline: Santosh Nair & Ashish Rukhaiyar MUMBAI: It appears to be a busy season for stock manipulators. On Wednesday, KGN Industries soared to an unbelievable price of Rs 55,000 on relisting after nearly seven years. A day later, another obscure firm - Sylph Technologies - which last...

Destination News - Cruise.
Feb 18, 2008 Class Lines Sued Over Fuel Surcharges. A class action suit has been filed against several cruise lines including Carnival Corp., Royal Caribbean Cruise Ltd. and Norwegian Cruise Line claiming the lines acted in cahoots to fix questionable fuel surcharges. The suit comes only a...

Company Watch - Japan Airlines.
Apr 21, 2008 Japan Airlines (JAL) will sell a stake in its credit card unit to Mitsubishi UFJ Financial, a source with knowledge of the matter said on Friday, in a deal reportedly worth nearly USD$500 million. Buffeted by stiff competition and higher fuel prices, JAL has...

Company Watch - British Airways.
Apr 21, 2008 British Airways will start in October daily short-haul routes from Gatwick to Oporto, Portugal[sup.1]s second largest city, and Valencia, Spain. Second daily services to Alicante and Turin will be added from the end of that month. Apr 18, 2008 British Airways will...

Does reimportation reduce price differences for prescription drugs? Lessons from the European Union.
Cross-national differences in prescription drug prices have been a topic of much discussion in the media and in policy circles (Baker 2004; Bright 2006). Researchers have described some of the underlying causes of these price differences, including international exchange rates and differences in patient demand and national income. Government...

Fibre makers sued for price-fixing. (Industry News).
Horizon Sports Technologies (HST), a San Diego, California-based manufacturer of carbon fibre-based composites, has accused its carbon fibre suppliers of price-fixing and has filed a lawsuit against them. Under a recently introduced US law, employees, customers, suppliers or competitors can charge a company with fraud committed against the US...

Indiabulls says not involved in fake F&O deals.
MUMBAI: Indiabulls Financial Services Ltd Wednesday clarified that Indiabulls Securities Ltd or any group companies are not involved in any fake trading or price fixing in futures and options and have not traded directly or indirectly on its own account in the 23 trades mentioned in the Securities and...

Govts turn up the heat on business cartels.
OECD and other organisations have estimated the harm caused by cartels in billions of dollars each year. Developing countries are particularly vulnerable. A World Bank paper estimated that in 1997, developing countries imported $81.1 billion worth of goods from industries which witnessed price fixing conspiracies during 1990s; this represents...

Airline Finance News.
Aug 6, 2007 Airlines known to have been contacted by officials regarding price fixing of passenger and cargo flights include: Air France KLM, Scandinavian airline SAS, Luxembourg-based Cargolux Airlines International and Air Canada's parent, ACE Aviation Holdings. Aug 2, 2007 International passenger growth remains robust...

Company Watch - British Airways.
Aug 13, 2007 British Airways executives are expected to be named in a price fixing probe this month as the US Department of Justice reveals those not covered by a plea deal which it announced with the airline last week, a UK newspaper reported. Two British Airways...