The heart of CEO Ron Johnson's makeover of J.C. Penney has been "fair and square pricing": eschewing discounts, coupons and sales in favor of everyday low prices. But now there are allegations that all is not so fair and square on those JCP price tags.
The government recouped a staggering $4 billion in fiscal 2010 that was stolen from federal health care programs, the departments of Justice and Health and Human Services announced Monday -- the highest annual amount ever. More than half of the fraud money recovered came from drug companies.
There is already $60 billion worth of orders for the GM IPO. The tremendous demand indicates that the pricing on the IPO was set too low.
Cotton prices are nearing 15-year highs. Last week the price per bale for December delivery hit $85 -- up from $75 last month. High prices are good news for farmers, but it may mean consumers will pay more for T-shirts and jeans.
Macmillan, one of publishing's Big Six, has become the first company to fight Amazon's pricing of e-books. Amazon lost this battle, but it's going to be a long and costly war, with other publishers and with Apple, which unveiled its iPad last week.
Big publishers are in talks with Apple on how to make e-books available for the forthcoming Tablet. They may be pushing towards a new pricing model, one which Amazon has a vested interest in combating with an attractive new royalty rate for would-be e-authors.
