China fines Johnson & Johnson

China fines Johnson & Johnson and others for price fixing:

 

China fines Johnson & Johnson and others for price fixing

China fines Johnson & Johnson and others for price fixing

 

 

 

Johnson & Johnson, Bausch & Lomb Inc and other major producers have been fined more than 19 million yuan ($3.04 million) for fixing prices in China’s eye glass and contact lens market, China’s top economic regulator said on Thursday.

The companies mandated their dealers to set the price of lenses strictly in accordance to a “suggested level”, the National Development and Reform Commission (NDRC) said in a statement on its website.

They also ordered retailers to jointly launch promotions in major Chinese cities all year around to keep prices stable, the notice said.

Dealers and retailers who do not comply with the order will be subject to unspecified financial penalties, it said. Other penalties may include seeing a halt to their supplies from the overseas manufacturers.

Johnson & Johnson executives could not be reached immediately for comment.

Chinese authorities have charged executives at British drugmaker GlaxoSmithKline over bribery and corruption. Swiss drugmaker Roche Holding AG had also been visited by a unit of China’s anti-trust regulator.

Other overseas eyes lenses brands named by NDRC included Essilor International SA, Nikon Corp, Carl Zeiss Meditec AG.

 

Source: reuters.com

 

Expensive Apple iPhone 5

High price connection with an Apple iPhone 5:

High price of connecting Apple iPhone 5

High price of connecting Apple iPhone 5

While I prefer Android smartphones and tablets, I also like my iPod Touch and iPads. Like many iFans, I also own a variety of devices that work with them: a car FM radio adapter, a clock radio, and an attachment for my stereo system. I’d think about buying an Apple iPhone 5 except not a single one of those devices can work with the iPhone’s new Lightning interface. Don’t take my word for it. David Pogue of the New York Times, the biggest Apple fan this side of Daring Fireball’s John Gruber, wrote: the “decade-old iPhone/iPad/iPod charging connector is everywhere: cars, clocks, speakers, docks, even medical devices. But the new iPhone won’t fit any of them.” Still, that’s not too bad, right? All you need to do is buy a 30-pin-to-Lighting adapter… for $29. Hmmm… I don’t know about you, but I’m not happy with the idea of spending $87 just so I can use the iPhone 5 with my three old devices. Don’t think, by the way, that you’ll see cheap 30-pin-to-Lightning adapters any time soon. Apple, of course, has a patent on the Lightning interface. So sure, there will be third-party adapters, but you can expect them to be in the same $29 price range. Apple could have adopted the cheap-as-dirt micro-USB interface instead, but then it couldn’t have charged a fraction of the cost of a Lightning adapter.  Even if you are willing to pay for these new adapters, as Pogue remarks, “not all accessories work with the Lightning, and not all the features of the old connector are available; for example, you can’t send the iPhone’s video out to a TV cable.” Great. Just great. So what’s the best answer if you want to get the most from your iPhone 5? Why, it’s to buy new Lighting-compatible accessories, of course! You may think you’re getting an iPhone 5 for $199-$399, but if you want to use it with other accessories your final tally may end up closing in on a grand. I like the look of the new iPhone, but I don’t like it that much.