By Associated Press
Thursday, June 28, 2007 - Updated: 11:15 AM EST

WASHINGTON - The Supreme Court on Thursday abandoned a 96-year-old ban on manufacturers and retailers setting price floors for products. In a 5-4 decision, the court said that agreements on minimum prices are legal if they promote competition. The ruling means that accusations of minimum pricing pacts will be evaluated case by case.

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Source: Boston Herald / AP

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