When you go to buy tickets for a popular concert or sporting event, you likely know that you’ll ultimately have to make your purchase from a ticket reseller who will mark up the price to try maximize their profit. But the New York state attorney general is calling on the state legislature to put new rules into place that would protect consumers from scalpers who swoop in and buy up every ticket before they are available to actual fans. [More]
Five airlines are at the center of a newly opened federal investigation into price-gouging for their actions in allegedly raising airfares following the May derailment of an Amtrak train in Philadelphia that killed eight people and injured 200 others. [More]
One of the nice things about ride-sharing services like Uber is that the company can compete against taxi cabs by charging decent rates. But the fact that Uber rates are dynamic and can go up in times of high demand means the door could be open to gouging in situations where other transportation options are not available. [More]
In the wake of Hurricane Sandy, many businesses in New Jersey and New York raised their prices in response to higher demand or weakened supply. But when those prices are jacked up so high that it’s disproportionate to the additional cost to the business, that’s gouging. Today, the state of New Jersey filed suit against eight businesses accused of crossing that line. [More]
As hundreds of thousands of East Coast residents pull together to offer up goods and services to those devastated by Hurricane Sandy, there are still plenty of businesses and individuals who are willing to make a buck off someone else’s misfortune. New York Attorney General Eric Schneiderman says his office has launched an investigation into claims of price gouging to go after anyone hiking prices on essential items like food, water, gas, batteries, accommodations and more. [More]
All over Manhattan today, there are hotel guests who were supposed to have checked out but who are forced to stay at least one more night because their flights are canceled — and they couldn’t get to the airport anyway. Making matters worse, a lot of these people are paying higher room rates then they have been. [More]
A gas station owner in California says prices at the pump have gotten so high that people are no longer fueling up their vehicles at his location. So rather than try charging customers nearly $5 a gallon, he decided to lock up his pumps for the day.
Over this past weekend, some crazy rains tore a path through a portion of the Mid-Atlantic, leaving entire areas without power or other utilities and forcing some residents to turn to hotels for shelter. But some people in New Jersey have accused local hotel operators of trying to cash in on area residents’ misfortune.
Almost four years ago, we marveled at the ridiculously high grocery prices in Nunavut, the largest and northernmost Canadian territory. Now, after years of paying $35 for a bottle of V8, $28 for cabbage and a whopping $65/pound for “Best Value” brand chicken, the folks in Nunavut are fighting back.
Singer-songwriter Elvis Costello is apparently so bitter at the pricing of his upcoming box set that he’s telling fans not to buy it and to spend their money on Louis Armstrong’s music instead. A post on his official site calls the price of The Return Of The Spectacular Spinning Songbook “either a misprint or satire.”
Investigating allegations that several drug distributors are buying scarce drugs and reselling them at massive profit to hospitals, a member of the House Oversight and Government Reform Committee has started an investigation. The congressman has requested documentation of what the distributors paid for the drugs and the amounts at which they’re reselling them.
If you get a parking ticket in Northampton, Mass., don’t appeal it unless you want to bet $320, in addition to the cost of your ticket, that you’ll win. The Massachusetts Supreme Judicial Court ruled that the town’s appeals process is valid, ruling against a man who appealed two parking tickets and was forced to cough up about $320 in court fees. The original fine was $15.
After the Food and Drug Administration granted KV Pharmaceuticals sole rights to produce progesterone, a drug that prevents premature births in mothers, the company has begun charging $1,500 per dose of a drug that formerly cost $10.
In an effort to prove that demand for gasoline isn’t quite as constant as oilmen would like to think, consumer advocates are taking to social media sites to get drivers to skip trips to the pump today.
Now that NBC Universal and Comcast have sealed their civil union to become NBCUniversal — isn’t it adorable how she took his name? — it will presumably soon be time for subscribers to give the company its wedding gifts: Higher cable rates.
About 10% of respondents in our informal poll yesterday about health insurance said they pay their own premiums, and according to a new poll from Kaiser Survey, three quarters of those people just faced a premium increase of 20% on average. The recent hikes have prompted the White House to say it will “sternly warn industry executives” today that insurers shouldn’t try to use the new health care law as an excuse to gouge customers, according to the New York Times.