J&J Ordered to Pay Chinese Distributor in Anti-Monopoly Case
Johnson & Johnson said it is pleased to put the dispute behind it after a Shanghai Higher People's Court ruling found vertical monopoly by setting minimum distributor prices for surgical futures. It ordered J&J to compensate the distributor $85,000 for lost sales while noting the company has ended the practice. The decision signals growing Chinese anti-monopoly enforcement affecting Fortune 500 firms.
MENTIONED IN THIS ARTICLE
Beijing
Johnson & Johnson
J&j
Higher People’s Court
Shanghai
China
Bay Area Transit and Union Resume Talks to Avert Strike
Bay Area Rapid Transit managers and union leaders return to bargaining on Sunday after 14 hours of talks to prevent a strike planned for Monday. Key sticking points include wages pensions safety and health care costs but optimism remains that an agreement may avert widespread traffic chaos for San Francisco area commuters. Josie Mooney SEIU 1021 chief negotiator notes incremental moves and hopes for a deal.
MENTIONED IN THIS ARTICLE
San Francisco
Bay Area
San Francisco Area
Josie Mooney
Service Employees International Union 1021
Newsweek Sold Again to IBT Media
Newsweek is being sold to IBT Media by LAC/InteractiveCorp for an undisclosed sum. The Daily Beast is excluded from the deal, which will close soon with IAC guiding Newsweek during a transition period up to 60 days. Newsweek will return to newsweek.com in coming weeks. IBT says it also owns Medical Daily Latin Times and iDigital Times.
MENTIONED IN THIS ARTICLE
New York
Newsweek
International Business Times
LAC/ InterActiveCorp
Time Magazine
Washington Post Co
Sidney Harman
Harman
IAC
The
Daily Beast
IBT Media
IBT
Medical Daily
Latin Times
iDigital Times
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BART
Ben Margot
Oakland
Calif
Southmcgn
Ofing & Win
Family Y
Aiken County
Aiken
Thefamilyy.org
Aiken Standard
Aiken, S.C
Classified
Aikenstandard.com
Pet
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