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S. Korea fines local LPG price cartel $581 mln

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South Korea's anti-trust agency said on Wednesday it would impose fines totalling 669 billion won ($581 million) on six companies over their involvement in a liquefied petroleum gas (LPG) price cartel.

Wal-Mart price pressure hurts China workers: report

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Wal-Mart Stores Inc's demand for rock-bottom prices from suppliers in China means some of these companies are forcing their employees to work in sweatshop-like conditions, a new report said on Wednesday.
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Nissan says Leaf will compete on price, make money

Nissan Motor Co Ltd will keep the price of its upcoming battery-powered Leaf competitive with similar-sized cars and expects to make money on the vehicle despite the cost of its launch, Chief Executive Carlos Ghosn on Friday.
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Philippines to remove fuel price cap on Monday

The Philippines will lift a three-week long cap on fuel prices on its main island of Luzon on Monday, President Gloria Macapagal Arroyo said, responding to a clamour from oil firms. Subject to compliance to all agreements, we can now lift EO (Executive Order) 839, Arroyo told representatives of oil companies on Friday.
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Madoff's NYC, Palm Beach homes get price cuts

It's still not cheap, but Livin' La Vida Madoff may now cost a bit less. Asking prices for homes once occupied by now imprisoned Ponzi schemer Bernard Madoff in Manhattan's Upper East Side and in Palm Beach, Florida, have been cut, after about two months on the market.
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Philippines close to lifting fuel price cap

The Philippines edged closer on Tuesday to lifting a cap on fuel prices in the typhoon-stricken island of Luzon, after the country's president urged a government panel to decide if the area's calamity status should be removed.
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Market Drivers

A Forex market transaction differs from a retail transaction. In a retail environment, the price is predetermined by the seller, and the purchaser measures his need for the item against the price asked and makes his decision to buy or not. In a market transaction, both the seller and the buyer continually adjust their price expectations to the information flowing out from the market to its participants and into the market from outside sources. A seller who thinks that the price may be higher in ...
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Dollar General set to price at rich valuation

Dollar General is set to go public next week, but the discount retailer could see mixed results in its closely watched initial public offering as its private equity backers have valued the company richly.
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Wal-Mart announces second round of toy price cuts

Wal-Mart Stores Inc on Monday announced its second round of price cuts on toys as the world's biggest retailer backs up its intention to be the price leader this holiday shopping season.
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Glaxo gives price pledge as malaria shot holds hope

More than 5,500 children across Africa have been given an experimental new malaria vaccine and the British drugmaker behind it, GlaxoSmithKline, promised on Wednesday that price would be no hurdle if it works.
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Price pressures ground airline sector recovery hopes

Germany's Lufthansa and the airline industry's representative body provided a gloomy outlook for the sector as carriers around the world struggled to make a profit amid a fierce battle for business.
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Verizon's Motorola Droid price and release date confirmed

After weeks of buzz, Verizon Wireless today officially took the wraps off the Droid, a smartphone built by Motorola and powered by Google's Android 2.0 operating system, by confirming the new phone will hit stores on November 6.
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U.S. home price gains may not be sustainable: Shiller

The gains in U.S. home prices in recent months may not be sustainable and increases in some areas of the country appear to be in bubble territory, an economist known for his property market expertise said on Tuesday.
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Analysts cut Baidu price target as outlook disappoints

Wall Street analysts on Tuesday cut their price targets on Baidu Inc, after China's dominant search engine forecast a sequential decline in fourth-quarter revenue due to the transition to a new Internet advertising technology.
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Analysts raise price targets on Microsoft

Brokerages raised their price targets on Microsoft after the software giant's quarterly results smashed Wall Street expectations on Friday.
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Idea Q2 net up 53 percent, says price war to continue

Idea Cellular, India's fifth-ranked mobile operator, posted a 53 percent rise in quarterly profit on higher users, but warned a price war in the world's fastest-growing wireless market will continue for some time.
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Booksellers ask Justice Dept to probe price wars

The American Booksellers Association has asked the U.S. Department of Justice to investigate a recent price war on books sold online between such retail giants as Wal-Mart Stores Inc, Amazon.com Inc and Target Corp ahead of the holidays.
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Housing, price data points to sluggish recovery

Softer-than-expected U.S. housing starts last month and a drop in prices paid at the farm and factory gate pointed to an anemic economic recovery, backing views that interest rates could stay low for a while.
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Tech Round Up: Apple's new lineup, Barnes & Noble Nook, Droid Release Date

Apple updated its entire Mac lineup on Tuesday, including its desktop iMacs, a new unibody MacBook, the Mac mini, and the newest addition to the Apple product line is a wireless, multitouch mouse. The company rolled out the new products just ahead of Window's 7 debut. Coincidence?
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Apple stock price soars on analyst's upgrades

Apple shares continued to trade higher Tuesday morning after the company reported a 47 percent jump in quarterly profits, driven by better-than-expected sales of iPhones, Mac computers and iPods.
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Barnes & Noble e-reader has color, $259 price: report

The new electronic reader from Barnes & Noble Inc, expected to launch on Tuesday, features color, a touchscreen display and the same price tag as Amazon.com Inc's Kindle, the Wall Street Journal reported on Monday.
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Indian Oil says crude price rise not a worry

Indian Oil Corp, the country's biggest petroleum products retailer, is unlikely to be affected by the surge in global oil prices as the average price of Indian imports was still around $63 to $64 a barrel, its chairman said on Friday.
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Seller Optimism Causing Price Climb

Despite the recent market decline, Americans are still willing to borrow a large amount of money to buy a home because they are convinced that housing values will rise, writes Robert J. Shiller in his monthly New York Times column.

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