Carrefour ad appeal fails in taiwan

A taiwanese court has rejected an appeal by french retail giant carrefour against a fine for misleading advertisements,an official said on friday.the supreme administrative court upheld the decision against carrefour for claiming it checked its price lists daily and immediately lowered the price of items found tobe more expensive than competing stores,acourt official said.

despite the claim,made on carrefour's web site and in its catalogs,four of its outlets failed to charge the lowest prices,the fair trade commission had found.following its decision,made in 2006,the commission slapped a fine of 4.44 million taiwan dollars ($138.000) on carrefour for making untruthful and misleading statements on its pricing.