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BNET Business Dictionary
- Cartel
- an alliance of business companies formed to control production, competition, and prices
- Cartel definition on BNET »
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- 15 people killed in Mexico carnival of violence
- CIUDAD JUAREZ, Mexico AFP — Police said 15 people were killed Wednesday in northern Chihuahua state, including four men found dead in an empty lot in Ciudad Juarez, near the US border, where drug cartels are waging a bloody turf war. The four victims had been shot to the...
- Research articles 2008-08-20
- Plasterboard cartel fines
- EUROPE The European Court of First Instance CFI has upheld fines imposed by the European Commission EC on three plasterboard producers in 2002, for operating a long-running cartel in the Benelux countries, Germany, France and the UK. However, it has cut the penalty imposed on the UK firm...
- Research articles 2008-08-01
- LAW BRIEFS
- Marine hose trio convicted The first convictions for a cartel offence since criminal prosecution powers were given to the OFT were handed down last month. Three former Dunlop Marine & oil executives were sentenced to imprisonment for between two and three years for bid-rigging. The men, who were arrested last...
- Research articles 2008-07-03
- Six decapitations amid wave of violence in Mexico
- CIUDAD JUAREZ, Mexico AFP — Mexican police found six severed heads Friday, including four gruesomely left in coolers on a roadside, amid a wave of drug-related violence that has claimed hundreds of lives in recent months. "We found four human heads in as many coolers ... and the remains...
- Research articles 2008-05-23
- US House passes anti-OPEC bill
- WASHINGTON AFP — The House of Representatives Tuesday passed a bill authorizing the federal government to sue OPEC in US courts over alleged price fixing, in the latest swipe at the cartel over skyrocketing oil prices. The bill passed the Democratic-led House by 324 to 84 votes, on a...
- Research articles 2008-05-20
- US leader of Tijuana drug cartel arrested in Mexico
- MEXICO CITY AFP — American Gustavo Rivera Martinez, considered by US drug and crime units as a main financial manager of the Tijuana drug cartel, was detained by police in the Mexican state of Baja California, authorities said Wednesday. Rivera Martinez, who was arrested with three accomplices, "concentrated his...
- Research articles 2008-03-12
- Safety in numbers
- [CARTELS] Firms that have been victims of a cartel can lessen the financial and commercial risks of claiming for damages by taking collective action, says Rob Murray Every year billions of pounds are extracted from purchasers by suppliers deliberately engaging in cartel activity (such as price-fixing, bid-rigging and...
- Research articles 2008-02-14
- ANTI-TRUST PROCEDURE IN AIR TRANSPORT.
- The European Commission confirmed, on 21 December, that it has sent a statement of objections to companies suspected of having participated in a cartel in the air freight industry, in violation of Article 81 of the EC Treaty. The statement of objections is one of the steps...
- Research articles 2008-01-17
- Competition and the cartel crusade
- At the heart of the Trade Practices Act is section 45. Over some 20 pages, this section explains the illegality of businesses conspiring to fix prices or otherwise diminish competition in a market. Issues concerning combines, or cartels of firms which avoid competing with each other and share the market,...
- Research articles 2008-01-01
- Australia to send price fixers to prison: minister
- SYDNEY AFP — The Australian government will strengthen anti-competition laws so that business people who collude to fix prices will face up to five years in jail, Competition Minister Chris Bowen said Wednesday. The development comes after one of the country's richest men, cardboard box magnate Richard Pratt, was...
- Research articles 2008-01-01
- Incoming OPEC chief does not rule out output boost
- LIMASSOL, Cyprus AFP — Algerian Energy Minister Chakib Khelil, who takes over the OPEC presidency in January, said on Monday that he does not rule out a boost in the cartel's oil output at its next meeting in February. "I wouldn't... exclude the possibility of increasing production if of...
- Research articles 2007-12-17
- AUDIOVISUAL POLICY : SONY, FUJI AND MAXELL FINED OVER VIDEOTAPE CARTEL.
- The European Commission has slapped a fine of 74.79 million on the Japanese firms Sony, Fuji and Maxell Hitachi Group for their participation in a price-fixing cartel on the market for professional videotapes sold to European customers, it announced on 20 November. "Between 1999...
- Research articles 2007-12-06
- OPEC to hold output meeting in January: Nigerian delegate
- ABU DHABI AFP — The OPEC oil producers' cartel has decided to hold an extraordinary output meeting in January, as it prepares to keep crude production on hold at a gathering here Wednesday, a Nigerian delegate told AFP. Asked to confirm whether a new meeting would definitely be held...
- Research articles 2007-12-05
- Predators and Parasites: Persistent Agents of Transnational Harm and Great Power Authority
- Predators and Parasites: Persistent Agents of Transnational Harm and Great Power Authority by Oded Löwenheim. Ann Arbor: University of Michigan Press, 2006. (280 pages; cloth, paper) Reviewed by Tom Rogers Independent Scholar In Predators and Parasites, Oded Löwenheim defines persistent agents of transnational harm PATHs as non-state groups, networks or...
- Research articles 2007-12-01
- EU hits glass cartel with 487 mln euro fines
- BRUSSELS AFP — EU antitrust regulators fined glass makers Asahi, Guardian, Pilkington and Saint-Gobain 487 million euros (718 million dollars) on Wednesday for running an illegal price fixing cartel. The European Commission accused the companies of conspiring to coordinate price hikes and taking other actions to control prices for...
- Research articles 2007-11-28
- Islamic radicals planned attack on US Fort Huachuca: report
- WASHINGTON AFP — Islamic radicals from Iraq and Afghanistan planned a terrorist attack on a US intelligence center that trains military interrogators for Guantanamo Bay and other detention centers, The Washington Times reported Monday. Citing confidential law enforcement documents, the newpaper said the plot targeted Fort Huachuca, an Army...
- Research articles 2007-11-26
- Mexican drug lord apologizes after life term confirmed
- LOS ANGELES AFP — A notorious Mexican drug lord issued an apology for his crimes on Monday as his life prison sentence for running the murderous Tijuana cartel was confirmed, justice officials said. Francisco Javier Arellano-Felix, 37, was sentenced to life without the possibility of parole after pleading guilty...
- Research articles 2007-11-05
- Australia's third richest man facing record cartel fine
- MELBOURNE AFP — Australia's competition watchdog on Tuesday recommended a company headed by the country's third richest man, cardboard box billionaire Richard Pratt, pay a record fine for participating in a cartel. The Australian Competition and Consumer Commission ACCC called for Pratt's company Visy to pay a 36 million...
- Research articles 2007-10-15
- Drug kingpin's life fodder for two Hollywood biopics: report
- LOS ANGELES AFP — The life and death of colorful Colombian drug kingpin Pablo Escobar is to be the subject of two major Hollywood films, industry press here reported Tuesday. "Escobar" is to be the latest biographical drama by famed director Oliver Stone, director of such classic films as...
- Research articles 2007-10-09
- Australia's third richest man apologises for cartel agreement
- SYDNEY AFP — Australia's third richest man, cardboard box billionaire Richard Pratt, apologised Tuesday for forming a price-fixing cartel with his main rival Amcor. Pratt sent the apology to customers of his company Visy on Monday and publicly released it Tuesday as part of a settlement with Australia's competition...
- Research articles 2007-10-08
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