SAN ANTONIO -- Cartel Creativo, Inc., a strategic partner to The Cartel Group, has appointed Susana Sosa-Martinez, a veteran of multicultural marketing and senior executive at the San Antonio-based communications agency, as Account Director for the U.S. Army, one of the nation's largest ad accounts.
BRUSSELS, Belgium AP _ Gabon says its OPEC dues are too high and it may become the second oil producer in two years to rip up its membership card in the once-mighty cartel.
With the oil price remaining stubbornly above the $30 a barrel mark, oil cartel OPEC decided in January to increase its total production quota by 1.5m barrels a day (b/d). The OPEC ceiling was therefore increased from 23m b/d to 24.5m b/d with effect from 1 February 2003, with further...
HOFFMAN ESTATES, Ill. & KNOXVILLE, Tenn. -- Siemens Medical Solutions USA, Inc., a wholly owned subsidiary of Siemens AG (NYSE:SI), and CTI Molecular Imaging, Inc. (Nasdaq:CTMI) announced today that the German Federal Cartel Office has given its clearance for the previously announced tender offer to acquire all the issued and...
Vitamin manufacturers BASF and Daiichi Pharmaceutical on 15 March won a reduction on fines imposed by the European Commission following cartel action in November 2001 - but the total fine in the vitamin case remains the largest ever levied in anti-ca Vitamin manufacturers BASF and Daiichi...
An opinion from the EU Court of Justice ECJ, issued on 16 November, has found that for cartel activity, repeat offenders may be punished more severely. An opinion from the EU Court of Justice ECJ, issued on 16 November, has found that for cartel...
The German cartel office said on July 10 that it had approved chemical giant BASF AG's purchase of rival Bayer AG's crop science operations, with conditions. The cartel watchdog said BASF had agreed to grant interested third parties an exclusive mark The German cartel office said...
The European Commission EC has taken its investigation into an alleged cartel in acrylic plastics a stage further with the issuing of a statement of objections to the companies under scrutiny. The European Commission EC has taken its investigation into an alleged cartel in...
Dutch company Westfalen Gassen Nederland lost its appeal on 5 December against a cartel fine imposed by the European Commission in 2002. The company was fined 0.43 million in July 2002 for being involved in the Dutch industrial gases cartel. Westfale Dutch company Westfalen Gassen Nederland...
THE EUROPEAN Commission EC has fined five companies a total of 138 million [euro] ($160 million) for their involvement in a sorbates cartel, with Hoechst AG of Germany incurring the largest penalty. An investigation by the EC found that betw ...
NORDIC BUSINESS REPORT-17 December 2003-European Commission fine Outokumpu Oyj for EUR18m for participation in cartelC1994-2003 M2 COMMUNICATIONS LTD http://www.m2.com
OPEC, the oil cartel which once shook the world, may soon be in for a shock itself. Since Iraq's invasion of Kuwait in 1990, Iraqi oil has been kept off world markets by United Nations sanctions. Full sanctions are unlikely to be lifted soon. But this OPEC,...
Germany's federal cartel agency attached a series of conditions to maintain a semblance of competition on domestic routes when finally approving plans by Lufthansa to increase its stake in Regional ... Germany's federal cartel agency attached a series of conditions to maintain a...
High oil prices are due less to scarcity than to the Organisation of Petroleum Exporting Countries Opec exploiting its cartel power, according to a new report. Roger Stern of Johns Hopkins University estimates that the marginal cost of a barrel of High oil prices are...
The company otherwise posted strong results in 1999. BASF SUFFERED a 23 percent drop in operating profit in 1999, mainly because of provisions for fines and damages from its involvement in a vitamins cartel. The company's operating profit fell ...
The European Commission welcomed two judgements handed down on Wednesday 27 September by the Court of Justice in Luxembourg in the cases involving the citric acid cartel (T-43/02 and T-59/02). In function of the seriousness of the offence, the Europe The European Commission welcomed two judgements...
Deterrence is achieved when the cost of collusion, given the probability of detection, outweighs the illegal cartel profits. Fines are the only sanction available in the EC enforcement regime and these may need to be raised in order to achieve deterrence. The EC enforcement problem is that fines are effectively...
The paper deals with the Australian Competition and Consumer Commission ACCC Enforcement and Compliance Project that uses qualitative and quantitative research methods to evaluate the impact of ACCC enforcement strategies on compliance with the Trade Practices Act. This report provides a preliminary analysis of the compliance impact of ACCC enforcement...
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