In the news: Johnson & Johnson gets fined, CBRC prepares P2P laws, Volkswagen issues ABS and Chinese companies buy Brookstone

This week Johnson & Johnson and Bausch & Lomb were fined for price fixing, CBRC started drafting P2P lending rules, Volkswagen issued Rmb800 million in securities and Chinese firms won the bid for Brookstone

5 minute read June 06, 2014 at 04:04 AM

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J&J and Bausch & Lomb fined for price fixing

Johnson & Johnson, the world's biggest healthcare products maker, along with Bausch & Lomb, Essilor and Nikon were fined a combined Rmb19.6 million (US$3 million) by the NDRC for price fixing in the country's contact lens and glasses market.

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