Friday, June 26, 2009

Online Electronics Stores Caught in Consumer Fraud - City Room Blog -

Online Electronics Stores Caught in Consumer Fraud - City Room Blog - "...These were the illegal tactics used by seven online electronic stores — including Sonic Photo — as they swindled customers seeking cameras, camcorders, projectors and other items out of hundreds of thousands of dollars, the state attorney general, Andrew M. Cuomo, said on Thursday in a news release....The companies, all of which are based in Brooklyn, have agreed to pay a $765,000 settlement after a lengthy investigation by the attorney general’s office...As part of the deal, five of the companies — Best Price Camera, Foto Connection, 1 Way Photo, 86th Street Photo and Broadway Photo — have agreed to change their business practices and accept continual monitoring. Two other companies, Camera Wiz and Sonic Photo, will close."

Monday, June 8, 2009

Canon to build new digital camera factory

Canon to build new digital camera factory: "TOKYO (Dow Jones)--Canon Inc. (7751.TO) has decided to proceed with the construction of a new digital camera factory in southern Japan after a six-month delay, in a sign of the nation's manufacturing sector shifting gear to boost production through capital spending.

Tokyo-based Canon, which makes a wide range of electronics goods, said Friday it will start building the new plant in Nagasaki in July, with operations starting in April 2010. The firm cited a recovery in demand for digital single lens reflex cameras as the reason for its decision."