BNET Business Dictionary
Business Definition for: Cartel
- an alliance of business companies formed to control production, competition, and prices
Wiktionary Definition for: Cartel
- A group of businesses that collude to fix prices within an industry or market.
- An official agreement between governments at war, especially one concerning the exchange of prisoners
- # nautical a ship used to negotiate with an enemy in time of war, and to exchange prisoners
Additional Resources
- EU charges Philips, others with forming CRT screen cartel
- IDG News Service - The European Commission has accused manufacturers of cathode-ray tubes of running cartels in the markets for computer monitors and TVs, the regulator said Thursday. The Commission declined to name any of the companies involved, but Dutch consumer electronics manufacturer Philips has received a formal statement of...
- News items 2009-11-26
- VITAMINE CARTEL : EU COURT CUTS BASF AND DAIICHI'S VITAMIN CARTEL FINES.(German chemicals giant BASF was fined a total of 296.16 million)
- 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...
- Research articles 2006-03-24
- INDUSTRIAL GAS : WESTFALEN FAILS IN CARTEL APPEAL.
- 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...
- Research articles 2006-12-13
- Energy chief cans cartel.
- Byline: Nigel Wilson May 08, 2006 (The Australian - ABIX via COMTEX) -- The International Energy Agency IEA does not support an LNG producers' cartel. Executive director of the IEA, Claude Mandil, said that the concept of a cartel was attractive to some...
- Research articles 2006-05-08
- New cartel immunity policy: A rush to the gate.
- Byline: Fergus Smith and Dave Poddar Oct 17, 2005 (Keeping Good Companies - ABIX via COMTEX) -- Only cartel conduct is covered by the Australian Competition & Consumer ...
- Research articles 2005-10-17
- EU brings down lift cartel with record billion-euro fine
- BRUSSELS AFP — EU competition regulators imposed their biggest fine ever on Wednesday, hitting lift makers Otis, Schindler, ThyssenKrupp and Kone with a penalty of nearly a billion euros for running an illegal cartel. "The result of this cartel is that taxpayers, public authorities and property developers have been...
- Research articles 2007-02-21
- ACCC launches consumer guide to cartel conduct.
- M2 PRESSWIRE-21 March 2006-ACCC: ACCC launches consumer guide to cartel conductC1994-2006 M2 COMMUNICATIONS LTD RDATE:21032006 A consumer guide to cartel conduct was launched by Australian Competition and Consumer Commission Chairman, Mr Graeme Samuel, today.* "Cartels are a scourge on...
- Research articles 2006-03-21
- A cartel for every product. (Names in the News).(European Commission)(Brief Article)
- THE EUROPEAN COMMISSION HAS FINED Degussa AG $118 million and Nippon Soda Company Ltd $9 million for participating in a price-fixing cartel in methionine together with Aventis SA. Aventis (formerly Rhone-Poulenc) was granted full immunity from fines because it revealed the cartel's existence to...
- Research articles 2002-07-01
- Merck takes $57 million charge. (News: Europe).(Merck KGAA, cover cost of legal costs related to vitamins cartel)(Brief Article)
- MERCK KGAA has become the latest vitamins producer to announce an extra charge to cover the legal costs resulting from its involvement in a vitamins cartel. Roche revealed earlier this month that it has made additional provisions of SFr1.2 bi ...
- Research articles 2002-10-21
- Susana Sosa-Martinez to Lead Cartel Creativo's U.S. Army Account
- 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.
- Research articles 2005-08-08
- KOREA'S FTC IMPOSES FINES ON GRAPHITE ELECTRODE CARTEL.
- SEOUL, March 21 Asia Pulse - Korea's Fair Trade Commission FTC yesterday imposed penalties of 11.24 billion won (US$8.53 million) on an international cartel comprised of six major graphite electrode makers for price fixing on the Korean market. SEOUL, March 21 Asia Pulse -...
- Research articles 2002-03-21
- Saddam's last laugh? (oil cartel OPEC faces lower prices because of an increase in oil production)(Brief Article)
- 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,...
- Research articles 1996-03-16
- EC issues fines in sorbate cartel case.(News: Europe)(Brief Article)
- 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 ...
- Research articles 2003-10-06
- The cartel that fell out of the driver's seat. (Organization of the Petroleum Exporting Countries)
- The cartel that fell out of the driver's seat The cartel that fell out of the driver's seat
- Research articles 1989-02-04
- S KOREAN FTC FINES 5 FIRMS US$3.8 MLN FOR FORMING PAPER CARTEL.
- SEOUL, Dec 23 Asia Pulse - The Fair Trade Commission FTC said Thursday that it has ordered five local paper companies to pay a total of 4.04 billion won (US$3.83 million) in fines for forming a cartel to push up prices of their products. ...
- Research articles 2004-12-23
- Siemens Announces Clearance from German Federal Cartel Office for Acquisition of CTI Molecular Imaging, Inc
- 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...
- Research articles 2005-04-13
- BASF Faces a Drop in Profits Because of the Vitamin Cartel.(Brief Article)
- 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 ...
- Research articles 2000-03-20
- Big companies abandon cartel for new players. (contracts for garbage disposal in New York City, NY)
- Trash contracts overhauled as bidding brings savings up to 40% Some of New York City's biggest companies are breaking with the notorious garbage cartel and putting their lucrative trash contracts out for competitive bids. Industry experts say this is Trash contracts overhauled as bidding brings savings...
- Research articles 1996-06-24
- KOREA'S FTC ISSUES FINES FOR CEMENT CARTEL ACTIVITIES.
- SEOUL, Sept 8 Asia Pulse - The Fair Trade Commission said today that it will slap fines totaling 26 billion won (US$22.1 million) on seven local cement manufacturers for engaging in cartel activities. SEOUL, Sept 8 Asia Pulse - The Fair Trade Commission said...
- Research articles 2003-09-08
- European commission investigates acrylics cartel.(COMPANY NEWS)
- 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...
- Research articles 2005-10-01
