Mercedes-Benz has been found guilty of manipulating prices for after-sales services in China, the official Xinhua news agency reported.» Read More
HONG KONG, Aug 22- A Chinese retailer is offering insurance to customers who buy infant milk powder, highlighting the lengths to which companies are going to address concern about food safety in China.
HONG KONG, Aug 22- A Chinese retailer is offering insurance to customers who buy infant milk powder, highlighting the lengths to which companies are going to address concerns about food safety in China.
SHANGHAI, Aug 18- German luxury car Mercedes-Benz has been found guilty of manipulating prices for after-sales services in China, the official Xinhua news agency reported, citing regulators.
SHANGHAI, Aug 18- German car maker Daimler AG's luxury brand division Mercedes-Benz has been found guilty of manipulating prices for after-sales services in China, the official Xinhua news agency reported, citing authorities in Jiangsu province.
BEIJING, Aug 7- China's recent probes into Microsoft Corp and car companies including Audi and Chrysler have rekindled concerns that Beijing may be using an anti-monopoly law to support domestic firms at the expense of foreign companies.
Chrysler is owned by Fiat SpA while Volkswagen owns Audi, and both are premium brands in China. The NDRC also said it was launching a probe into Mercedes-Benz, owned by Daimler AG, and that it had finished investigating a dozen Japanese spare-part manufacturers on similar anti-trust charges.
SHANGHAI/ BEIJING, Aug 5- Daimler AG's luxury brand Mercedes-Benz said it was cooperating with China's anti-monopoly authorities over an investigation into unspecified matters, after Chinese media reported the German carmaker's Shanghai office had been raided.
*Visit follows Mercedes-Benz weekend parts price cuts. "We confirm that we are assisting the authorities in their investigation," Mercedes-Benz said in a statement, issued in response to a query from Reuters on whether the office had received anti-trust officials from the National Development and Reform Commission.
SHANGHAI/ HONG KONG, July 29- With green-tea flavoured toothpaste and pickled plum juice, an army of Chinese retailers is tapping local tastes to whittle away market share from global rivals that are banking their future growth on the world's second-largest consumer market.
"As a premium market leader Audi has made the price adjustments proactively," Audi said in an emailed statement over the weekend, adding the new prices will be effective Aug 1. "Audi and its joint venture FAW-Volkswagen support the efforts of the NDRC to examine the pricing in the after-sales area in China."
U.S. health officials finalized guidelines for infant formula makers that aim to ensure products meet certain quality controls to keep them safe.
Mead Johnson Nutrition Co in 2011 saw its shares fall when stores pulled some powdered versions of its Enfamil product over concerns about infection, although the FDA later said a recall was not needed. The new rule, the FDA said, is aimed at establishing "good manufacturing practices" that many companies have already adopted voluntarily.
HONG KONG, May 9- Leading eye glass makers operating in China have cut prices by as much as 30 percent following an investigation by the country's price regulator, the official Securities Times newspaper reported on Friday.
PARIS, March 7- If French food group Danone decides to sell its slowing medical nutrition business, it is most likely to invest the proceeds in its faster growth baby food and dairy businesses, targeting acquisitions in Asia and Africa.
BEIJING, March 3- China will present proposals to revamp its behemoth economic planning agency at an annual session of parliament this week, sources said, but the organisation's role as an antitrust regulator could eventually be enhanced.
U.S. carmaker Tesla is taking a bold step to win over Chinese clients by curbing the markup to just half of what its rivals can command.
Weak U.S. manufacturing data sent stocks into a tailspin and signaled to some that the correction in stocks could be deeper than expected.
Some of Friday's midday movers:
As January comes to a close, the stock market is down about 3 percent, and it has set the tone for a much more challenging year.
The "Fast Money" traders share their final trades of the day.