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The wrong word…

January 19, 2010

VENEZUELA-NATIONALIZATION/

Venezuela Chavez nationalizes French-owned retailer

CARACAS, Jan 17 (Reuters) – Venezuela’s socialist President Hugo Chavez on Sunday nationalized a chain of supermarkets controlled by France’s Casino¬†on charges of price gauging after the government devalued the bolivar currency.

“Price gauging” should be “price gouging.”

R.J.

Yes. We corrected: GBU Editor

People shop at a branch of Exito supermarket in Maracaibo January 18, 2010. Venezuela’s socialist President Hugo Chavez nationalized a chain of supermarkets on Sunday controlled by French retailer Casino on charges of price gouging which made Casino shares drop 1.8 percent, the top loser on Paris broad index. REUTERS/Isaac Urrutia

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