Business
3:04 am
Mon November 11, 2013

Venezuelan Government Gets Tough On Price Gouging Retailers

Originally published on Mon November 11, 2013 4:52 am

In a pre-Christmas offensive to lower prices, the Venezuelan government has taken over a nationwide chain of electronics and appliance stores that it accuses of price gouging. That's led to huge lines outside the stores as shoppers snap up cut-rate refrigerators and computers. As Venezuela's socialist government combats surging inflation, it's warning that more takeovers are ahead.