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7Lexus parts prices cut in China amidst antitrust fears

It's been a topsy-turvy summer for foreign businesses in China ever since that country's National Development and Reform Commission and State Administration for Industry & Commerce launched a horde of investigations into anti-monopoly practices. When the law outlining monopolistic behavior was passed in 2008 foreign companies appreciated it, expecting it to illuminate some of the more opaque corners of Chinese government enforcement. That hasn't exactly been the case, and now as more than 1,

40US senators want to know if oil companies are blocking ethanol

Earlier, we mentioned the Renewable Fuels Association's report that most major oil companies are blocking the ethanol blends E15 and E85 from their gas stations. According to the RFA, "Distribution contracts routinely include provisions that make it difficult, needlessly expensive, or simply impossible for a retailer to offer consumers choices like E15 or E85." The report has the attention of two senators who want the Federal Trade Commission to look into the matter of Big Oil engaging in anti-c

AddJohn Edwards calls for Justice Department to investigate gas price gouging

Former Senator and now presidential candidate again John Edwards is trying to make some political hay out of the current high price of gasoline. Edwards dropped by Silicon Valley on Thursday and took aim at the consolidation in the oil industry in the past decade. He laid the blame for high gas prices on companies like ExxonMobil that have merged pretty much without restriction from the anti-trust division of the justice department.

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