China’s anti-monopoly agency announced an investigation Tuesday of Microsoft Corp., stepping up regulatory pressure on foreign technology companies.
The State Administration for Industry and Commerce said it opened a case in June after complaints that Microsoft improperly failed to publish all documentation for its Windows operating system and Office software.
It said investigators visited Microsoft’s China headquarters in Beijing and branches in Shanghai, Guangzhou and Chengdu this week.
“The administration believes the previous investigation cannot eliminate that Microsoft engaged in monopolistic behavior,” the agency said on its website. “The administration has launched an investigation of Microsoft’s monopolistic behavior.”
Microsoft said in a statement that it aims “to build products that deliver the features, security and reliability customers expect, and we will address any concerns the government may have.”
Housing index shows price gains
The Case-Shiller index covers roughly half of U.S. homes. The index measures prices compared with those in January 2000 and creates a three-month moving average. The May figures are the latest available.
Cities in the West and South showed some of the biggest increases. Prices rose 16.9 percent in Las Vegas from a year earlier, the largest gain, followed by a 15.4 percent increase in San Francisco and 13.2 percent in Miami.
Other housing data have painted a mixed picture of the real estate market.
While sales of existing homes have picked up, new home sales plummeted in June. And new home construction has fallen for two straight months. That could lead to fewer construction jobs.
McDonald’s boostsvendor checks
McDonald’s in Japan is increasing its checks on chicken from vendors in China and Thailand after allegations that a Chinese supplier sold expired chicken. It says the scare will hurt its earnings.
The U.S. fast-food chain’s Japan unit on Tuesday withdrew this year’s earnings and sales forecasts, citing uncertainties from the food scandal.
The Chinese food safety agency is investigating allegations that Shanghai Husi Food Co., a McDonald’s supplier, sold expired meat. McDonald’s Japan has stopped using chicken from Husi.
Waste companyto sell subsidiary
Waste Management is selling a subsidiary to Energy Capital Partners for $1.94 billion as part of its effort to focus on its core business.
It is selling Wheelabrator Technologies Inc., which owns or runs 17 waste-to-energy facilities and four independent power-producing plants in the U.S.
The business also has four ash monofill landfills, three transfer stations and an ongoing development and construction project in the United Kingdom. Wheelabrator’s 2013 revenue totaled about $845 million.
Waste Management Inc. said Tuesday that it will enter a long-term agreement to supply waste to certain Wheelabrator facilities once the transaction is complete.