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Latest Anti-competitive behaviour Stories

2008-07-22 21:00:34

MOSCOW. July 22 (Interfax) - The U.S. is against the idea of setting up a gas cartel similar to OPEC, U.S. Special Envoy for Eurasian Energy Boyden Gray told Interfax. "We are not in favor of cartels of any kind," Gray said. "I have been told [and] taught for some time that natural gas is not a natural product for such a cartel like [an] entity in part because it's not yet a fungible commodity. I've been in Qatar where they are quite explicit - the Qataris are - because of the long- term...

2008-07-03 09:01:08

Ireland's monopoly watchdog, the Competition Authority, has said that it wants to boost competition in the country's retail fuel market by making it easier for service stations to switch suppliers, according to the Irish Times. The Competition Authority has said that an overall ban on exclusive agreements between suppliers and retailers does not apply to most service stations and oil firms which supply them. The exemption applies to suppliers who have made a sizeable investment in the...

2008-06-27 15:02:43

By RICHARD NEWMAN, STAFF WRITER SAS Cargo Group, which has its U.S. hub at Newark Liberty International Airport, is one of four international freight carriers that have agreed to pay a combined $504 million to settle charges they ripped off U.S. customers in a price-fixing scam. The U.S. Justice Department said Thursday that Air France-KLM, Cathay Pacific Airways, Martinair Holland and SAS pleaded guilty to accusations that they conspired to fix cargo rates on shipments. The plea...

2008-06-27 09:02:54

EU fines aluminum fluoride producers for price fixing BRUSSELS, June 25 (Xinhua) -- The European Commission Wednesday fined aluminum fluoride producers 4.97 million euros (7.7 million U.S. dollars) for price fixing. Six companies from Italy, Switzerland, Tunisia, Mexico and Norway were found to have set worldwide target prices and divided markets in the second half of 2000, creating a cartel. The Commission said its investigation was triggered by an application for immunity from...

2008-06-26 15:02:47

WASHINGTON, June 26 /PRNewswire-USNewswire/ -- The following are remarks prepared for delivery by Associate Attorney General Kevin O'Connor at press conference regarding air cargo: Good morning. Thank you for being here. With me today are Scott Hammond, Deputy Assistant Attorney General for the Antitrust Division's Criminal Enforcement Program and Joe Persichini, Assistant Director in Charge of the FBI's Washington Field Office. We are here to announce significant new developments in...

2008-06-26 15:01:45

Several international airlines agreed to plead guilty and pay fines totaling $504 million in a cargo rate price-fixing case, the U.S. Justice Department said. Air France-KLM Royal Dutch Airlines -- now operating under common ownership -- agreed to pay a $350 million criminal fine, the second-highest fine in a criminal antitrust prosecution, the department said Thursday in a release. Documents filed with the U.S. District Court for the District of Columbia indicate the airlines conspired...

2008-06-13 21:00:17

By Peter Rakobowchuk, THE CANADIAN PRESS MONTREAL - Angry Quebecers demanded Friday that gas companies lower the price of fuel at the pumps after news that some of them had acknowledged fixing prices. "Companies are making too much profit," Manon Fairfield complained as her husband filled up at a Shell station in downtown Montreal. "It's always the average person who pays more, while the big companies get more cash. They should just be satisfied with a small profit." Fairfield's...

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2006-11-01 03:10:00

SAN JOSE, Calif. - An obscure corner of the semiconductor industry became an international battleground Tuesday as Sony Corp. became the fifth company ensnared in a U.S. Department of Justice antitrust probe into the sales of a particular type of memory chip. The same day, European Union regulators said they raided several unnamed semiconductor companies in Germany on Oct. 11 as part of a probe into possible price fixing for the same type of chip. Both investigations center on the sale of...

2006-08-28 11:51:18

OTTAWA (Reuters) - Canada's antitrust watchdog has obtained a prohibition order against Sotheby's auction house aimed at preventing it from illegal price-fixing schemes like the one it engaged in with Christie's six years ago. The Competition Bureau obtained the order from the Federal Court of Canada, barring Sotheby's and Sotheby's Canada -- based in New York and Toronto, respectively -- from fixing prices with rivals for international auctions, and forcing the company to inform...

2006-03-01 14:00:33

By Peter Kaplan WASHINGTON (Reuters) - The Supreme Court on Wednesday handed a legal victory to patent-holding companies, making it easier for them to tie the sale of their patented products to other products they sell. The high court reversed a decades-long legal doctrine that had made it easier to sue companies for illegally tying such products together under U.S. antitrust law by assuming a patent gave them monopolistic power. The case grew out of a lawsuit filed by a small...