Swiss investigate possible 'abusive pricing' by

A Swiss government agency says it has opened an investigation into possible "abusive pricing" by the online reservations provider

Under Swiss law, the price watchdog agency, a sort of consumer-protection and competition agency, has the authority to intervene and set market prices in cases where a company with dominant market position is deemed to have set prices unfairly.

Agency official Stefan Meierhans said Wednesday that it found "indications" of "abusive high prices charged to hotels" seeking a listing. He said hotel guests were not affected directly.

The agency has said was "not interested in an amicable solution" and "did not want to engage in negotiations with the price watchdog.", a subsidiary of U.S.-based Priceline Group, didn't immediately respond to e-mails from The Associated Press seeking comment.