Abbott Under Investigation in China

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Anonymous

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(Reuters) - Five foreign infant milk formula companies are under investigation by China's top economic planning agency for possible antitrust violations, the Beijing Times reported on Tuesday quoting sources.

The article said Nestle SA, Abbott Laboratories , Mead Johnson Nutrition Co, Danone's Dumex brand and Wyeth Nutrition are under investigation by China's National Development and Reform Commission (NDRC) for possible price-fixing behaviour and anti-competitive practices.
 




Anonymous said:
(Reuters) - Five foreign infant milk formula companies are under investigation by China's top economic planning agency for possible antitrust violations, the Beijing Times reported on Tuesday quoting sources.

The article said Nestle SA, Abbott Laboratories , Mead Johnson Nutrition Co, Danone's Dumex brand and Wyeth Nutrition are under investigation by China's National Development and Reform Commission (NDRC) for possible price-fixing behaviour and anti-competitive practices.
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Thanks for the upbeat news. You made my day!!!
 








Anonymous said:
(Reuters) - Five foreign infant milk formula companies are under investigation by China's top economic planning agency for possible antitrust violations, the Beijing Times reported on Tuesday quoting sources.

The article said Nestle SA, Abbott Laboratories , Mead Johnson Nutrition Co, Danone's Dumex brand and Wyeth Nutrition are under investigation by China's National Development and Reform Commission (NDRC) for possible price-fixing behaviour and anti-competitive practices.
Click to expand...

Translation: The companies in question didn't hand over enough loot to the Chinese beureaucrats at the "planning agency".
 




Anonymous said:
Translation: The companies in question didn't hand over enough loot to the Chinese beureaucrats at the "planning agency".
Click to expand...

No one is saying that isn't the truth but the news still makes me happy. Therefore, in addition to selling to China, when the time comes that AbbVie really starts outsourcing services there to save a buck, they should think twice about the true costs. I suggest they read up on the subject; but with a CEO who may not be able to read, who knows what fun things may happen.
 




Anonymous said:
No one is saying that isn't the truth but the news still makes me happy. Therefore, in addition to selling to China, when the time comes that AbbVie really starts outsourcing services there to save a buck, they should think twice about the true costs. I suggest they read up on the subject; but with a CEO who may not be able to read, who knows what fun things may happen.
Click to expand...

Are you saying Miles cannot read?
 




Anonymous said:
No one is saying that isn't the truth but the news still makes me happy. Therefore, in addition to selling to China, when the time comes that AbbVie really starts outsourcing services there to save a buck, they should think twice about the true costs. I suggest they read up on the subject; but with a CEO who may not be able to read, who knows what fun things may happen.
Click to expand...

But Gonzo is such a "good guy"...
 








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