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Latest Anti-competitive behaviour Stories

2009-01-15 16:24:00

WASHINGTON, Jan. 15 /PRNewswire-USNewswire/ -- Executives from LG Display Co. Ltd. and Chunghwa Picture Tubes Ltd. have agreed to plead guilty and serve jail time in the United States for participating in a global conspiracy to fix prices in the sale of Thin Film Transistor-Liquid Crystal Display (TFT-LCD) panels, the U.S. Department of Justice announced today. According to a one-count felony charge filed today in U.S. District Court in San Francisco, Chang Suk "C.S." Chung, a Korean LG...

2008-12-23 10:36:00

HARRISBURG, Pa., Dec. 23 /PRNewswire-USNewswire/ -- The Department of Environmental Protection today extended the deadline to apply for Illegal Dump Cleanup grants to Jan. 27. Grants of up to $25,000 are available to provide communities with the tools and resources they need to restore illegal dump sites and prevent future dumping. Grant applications are available at www.depweb.state.pa.us, keyword: Illegal Dumping, or by calling DEP's Bureau of Waste Management at 717-787-7381. "The...

2008-10-28 15:00:21

British Airways and Australian airline Qantas reached a combined $15.6 million price-fixing settlement with Australian authorities Tuesday. BA agreed to pay $3.1 million and Qantas $12.5 million to settle claims the companies fixed freight shipping prices, The Times of London reported. Both airlines cooperated with Australian authorities in a case that has been the subject of fines and class action lawsuits in the United States and Britain. Graeme Samuel, chairman of the Australian...

2008-10-01 15:00:31

By WILLIAM TINNING A FORMER British Airways executive has agreed to plead guilty, serve eight months in jail, and pay a criminal fine of Dollar20,000 (GBP11,200) for his part in a cargo price-fixing conspiracy by a number of international airlines, the US Department of Justice announced last night. According to charges filed in the US District Court in the District of Columbia, Keith Packer, a former commercial general manager for British Airways World Cargo, and his co-conspirators...

2008-09-10 09:00:36

Arch Chemicals, Inc.(NYSE: ARJ) announced that the U.S. Department of Commerce (DOC) has made its final determination for the second administrative review period that reduces the antidumping duty rate from 76 percent to less than 1 percent, subject to a review for clerical errors. This ruling relates to chlorinated isocyanurates (isos) that the Company imported from its major Chinese supplier for the period from June 1, 2006 through May 31, 2007. This final determination supersedes the DOC's...

2008-09-05 12:00:18

Transverse, a pioneer of open source business solutions, is officially announcing its company launch today. Transverse is the first company to extend the true promise of open source computing to telecom operational support systems (OSS) -- better quality, higher reliability, more flexibility, lower cost, and an end to vendor lock-in. Legacy systems and proprietary vendor relationships are currently preventing service providers from integrating new revenue streams into existing billing...

2008-08-19 03:00:30

By Anonymous Taiwanese industrialists are relocating their shoe, furniture, and tent fabric manufacturing units to Bangladesh. The units were in China and Vietnam before, but now that the U.S. and EU have levied anti-dumping duties on the two Asian countries, the change became necessary. Production costs had risen in the two countries as well, and that was an added reason for bailing out. The Daily Star (Bangladesh) reported the relocation of factories by the Taiwanese helped Bangladesh...

2008-08-13 15:00:29

WASHINGTON, Aug. 13 /PRNewswire-USNewswire/ -- Kinder Morgan Bulk Terminals Incorporated (KMBT) was sentenced today for a felony violation of federal ocean protection laws before U.S. District Judge Garr M. King, the Justice Department announced. The court sentenced KMBT to pay a total penalty of $240,000. Of this amount, a total of $84,000 will fund various environmental projects in Oregon administered by the congressionally established National Fish and Wildlife Fund through the Oregon...

2008-08-08 18:00:00

FOUR past and present British Airways executives face the possibility of up to five years in jail after trading chiefs yesterday brought price-fixing charges against them. The Office of Fair Trading charges refer to fuel surcharges from July 2004 to April 2006. The four, who include head of sales Andrew Crawley, will appear before City of London magistrates on September 24. The OFT said the four, including former commercial director Martin George, were charged with "having...

2008-08-08 06:00:42

By ALASTAIR DALTON FOUR past and present British Airways executives could face up to five years in jail after they were charged with price-fixing over fuel surcharges. The move against Andrew Crawley, the airline's head of sales, and three former executives, follows an Office of Fair Trading (OFT) investigation into illegal agreements between BA and its rival, Virgin Atlantic, between 2004 and 2006. The others are Martin George, a former commercial director, Iain Burns, a former head...


Word of the Day
mallemaroking
  • Nautical, the visiting and carousing of sailors in the Greenland ships.
This word is apparently from a confusion of two similar Dutch words: 'mallemerok,' a foolish woman, and 'mallemok,' a name for some persons among the crew of a whaling vessel.