Latest Cartel Stories

2009-03-10 19:30:52

U.S. actor Sean Penn is in talks to headline the action drama Cartel, which will mark the dramatic feature directing debut of Asger Leth, Variety.com said. Penn won an Oscar for his portrayal of gay rights activist Harvey Milk in the best picture contender Milk last month. Leth previously helmed the 2006 documentary Ghosts of Cite Soleil. Inspired by the 1993 Italian film La scorta, Cartel is about a man fighting to protect his son after his wife is brutally slain in the gritty world of...

2008-10-10 06:00:31

By Barbara Hagenbaugh WASHINGTON -- Citing a deteriorating world economy, OPEC on Thursday called a special meeting for next month to consider options. The announcement suggests the cartel will likely cut production in a bid to put a floor under rapidly falling oil prices. But given the weakening economy, which likely will lead consumers and businesses around the globe to further reduce oil consumption, the Organization of Petroleum Exporting Countries will have a hard time reversing...

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...

2008-06-27 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...

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...

Word of the Day
  • The call or cry of a bird or other animal to its mate or its young.
'Call-note' is newer than 'bird-call,' which originally referred to 'an instrument for imitating the note of birds' but now also refers to 'the song or cry of a bird.'