Sentences with phrase «price gouging»
"Price gouging" refers to the act of selling goods or services at much higher prices than what is considered fair or reasonable, often taking advantage of certain circumstances like emergencies or limited supply. It involves unfairly inflating prices to make excessive profits, which can harm consumers who have no choice but to pay more for essential items or services. Full definition
State Comptroller Thomas P. DiNapoli will investigate for evidence of price gouging in bills submitted to New York State for work following superstorm Sandy.
newsday.com
During a press conference earlier in the day, Bondi said convenience store chain 7 - Eleven has been called out for price gouging on water in more than 100 complaints.
Martin Shkreli, a boastful pharmaceutical executive who came under withering criticism for price gouging vital drugs, denied securities fraud charges on Thursday following an early morning arrest, and was freed on a $ 5 million bond.
State Comptroller Thomas P. DiNapoli will investigate for evidence of price gouging in bills submitted...
In an interview with CNBC's Closing Bell, Florida Attorney General Pam Bondi said her office has received 7,000 complaints through its hotline about price gouging on fuel, water and hotel lodging.
Price gouging like this in the specialty drug market is outrageous.
Believe me, it wasn't competition that kept wireless companies from price gouging for years.
A half dozen California landlords have been charged with price gouging after allegedly spiking rents in the wake of catastrophic wildfires that have driven residents there from their homes.
Florida Rep. Charlie Crist writes letter to Department of Transportation after complaints of price gouging by United Airlines.
On Wednesday, members of the Special Committee on Aging heard health experts speak out sharply against price gouging in which companies acquire older drugs with no generic competition and suddenly raise their price.
«Oh, How I Hope and Pray That They Will, but Today I Am Still... Main N.J. AG Warns Hotels, Merchants About Price Gouging During Storm Emergency»
To Wells Fargo analysts however, the bonuses seem insensitive in light of the company's recent history with drug price gouging allegations.
Now, the company is being accused of price gouging after significantly increasing the EpiPen price in recent years.
CNBC's Deirdre Bosa reports the highlights of a report from Airbnb on hotel price gouging following a New York Times article on the fight between them and the hotel industry.
Lawmakers and regulators (and presidential hopefuls) have been ramping up their scrutiny of drug pricing practices amid several flagrant instances of alleged price gouging (see Turing Pharmaceuticalsand Valeant), and consumer advocates are becoming more vocal about the price of even generic pharmaceuticals.
In response to the outrage over what appears to be blatant price gouging on the part of Turing Pharmaceuticals, the company's founder and CEO Martin Shkreli has announced that Turing will be lowering the price of the drug Daraprim after raising it from $ 13.50 to $ 750 per tablet overnight.
Joanna Mather, «Review to examine price gouging on technology» (Australian Financial Review, 14 April 2014)
The Big 5 or 6 don't care about their customer's wants, they care about price gouging once a series proves itself.
With the recent cold snap increasing the demand for home heating fuel, New York Attorney General Eric Schneiderman says he is looking into numerous reports of late deliveries and possible price gouging from propane suppliers.
By increasing competition in the generics market, Gottlieb aims to limit price gouging.
Price gouging just «creates too much controversy,» Criswell told Mike Colias, who covers GM for Automotive News.
They are an attempt by the home broadband monopolies to create very extreme levels of artificial scarcity where none exists, and to amplify and multiply many times over what already constitutes extreme price gouging.
In the world's top cotton - producing countries — China, India, the United States, Pakistan, Brazil and Uzbekistan — the crop has been linked to supplier price gouging, food insecurity and forced labor.
Remove the stems and stop price gouging.
Morgan first downgraded the stock to «hold» in October, after Valeant's price gouging practices fell under public and government scrutiny.
Seth Kaplan, managing partner at Airline Weekly, discusses the possibility of airline price gouging as people try to leave Florida ahead of Hurricane Irma.
The question is: Why is a 9 % price hike on an existing therapy reasonable, other than by comparison to far more outlandish price gouging?
As the issue of drug - price gouging became part of the political discussion, the documents show that Turing's board sought advice on how to control the damage and frame a decision to cut the price in some instances.
And given the organization's massive new push to shed the industry's price gouging reputation and highlight innovative research, he may not be there for much longer.
The problem, though, is the predatory price gouging that Clinton references in the ad has already been stopped.
«Bitcoin makes banks, essentially price gouging intermediaries and socially unacceptable leeches, obsolete.
Consumers should blame government policy, not retail price gouging for large Canada - US price gaps, according to a new C.D. Howe Institute report.
The Consumer Federation of America, among others including myself, have written about the high cost of tax assistance services for low - income taxpayers and the potential for consumer abuse including price gouging.
Big business in corporate America allows exploitation of employees, manipulation of customers, and even price gouging.
Coles managing director John Durkan came out swinging this week, accusing suppliers of treating Australia like «Treasure Island» and price gouging Australian shoppers to drive profits.
Mr Durkan first accused multinational suppliers of price gouging soon after joining Coles from Britain in 2008, saying Australian consumers were paying at least 10 per cent and as much as 100 per cent more than British consumers for packaged groceries because suppliers had been making excessive profit margins in Australia and relying on annual price increases for margin growth.
Concerns over potential price gouging are mounting after President Donald Trump signed an executive order last Thursday to impose a 10 percent tariff on imported aluminum.
See also Lisa Visentin, «Allegations of petrol price gouging in rural areas prompts ACCC scrutiny» (SMH, 15 January 2015)
Gov. Andrew Cuomo on Wednesday announced a plan that would cap the cost of prescription drugs reimbursed under the Medicaid program in an effort to curtail price gouging.
NEW YORK, NY — Attorney General Eric T. Schneiderman today issued a consumer alert warning both consumers and businesses about price gouging ahead of this weekend's winter storm that is expected to impact parts of New York State.
The governor is asking residents to report suspected price gouging to the Lake Ontario Flood Assistance Hotline at 866-244-3839.
Sen. Andrew Lanza, a Staten Island Republican and Senate sponsor of the bill, said the measure will «help stop ticket price gouging and ensure that consumers have a fair chance to purchase tickets to their favorite sporting events, concerts and shows.»
WHAT YOU SHOULD KNOW By Senator Rev. Rubén Díaz District 32 Bronx It's Time for NYS Attorney General Eric Schneiderman to Investigate Price Gouging for Prescription Medication You should know that after reading an article on September 20, 2015 in -LSB-...]
Who's to Blame To avoid price gouging, consumer advocate Newton and scientist Mills urge insurance companies to be transparent about the models they use for setting premiums — specifically how they factor in catastrophes believed to have been brought on by climate change.
I think many of us remember the craziness of 2010/2011 when there were 20 or so more Anthropologie blogs than there are now and how the hype cycle of us loving certain items created a cottage price gouging market.