Anti-competitive practices
Practices that prevent or reduce competition in a market by a business or government
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We include updates on Siemens, British Airways, Virgin Atlantic, Roche, Cartel, ThyssenKrupp, Christie's, Northwest Airlines, Sotheby's, SK Hynix, Archer Daniels Midland, YKK, JJB Sports, Saint-Gobain, General Motors streetcar conspiracy, Price fixing ... and more.
| 2024 | Virgin Atlantic continued its growth trajectory, reaching 5.6 million passengers, 24,832 total flights, and maintaining a passenger load factor of 77.0%, with a fleet of 45 aircraft. |
| 2024 | Slight revenue decrease to €75.9 billion, but net income further increased to €9.0 billion, with employee count growing to 327,000 |
| 2024 | Roche projected revenue of 62.39 billion CHF and net income of 9.19 billion CHF, indicating continued financial monitoring. |
| 2024 | The Abu Dhabi sovereign wealth fund ADIA acquired a minority stake in Sotheby's with an investment of approximately $1 billion. |
| 2024 | A judge ordered Sotheby's to reveal the client who put a Nazi-looted Tiepolo painting up for auction, which was originally stolen from Jewish art dealer Otto Fröhlich. |
| 2024 | The damaged letters patent of British Airways' arms was put up for auction online before being withdrawn. |
| November 2024 | Roche acquired Poseida Therapeutics for US $1.0 billion. |
| November 2024 | A pair of rare Ming Dynasty wucai fish jars from the 16th century sold for £9.6 million ($12.5 million) at auction, significantly exceeding their pre-sale estimate of £1 million ($1.3 million). These are the only known complete pair with original covers. |
| September 26 2024 | SK Hynix announced the world's first mass production of 12-layer high bandwidth memory (HBM) chips. |
| July 17 2024 | Sotheby's sold the world's most complete Stegosaurus skeleton for US$44.5 million, establishing a new world record for the most expensive dinosaur skeleton or fossil sold at auction. |
| June 24 2024 | British Airways was voted 2024 Most Family Friendly Airline in the World by Skytrax, recognizing excellence in family travel experience including seating policies, check-in facilities, priority boarding, meals, and child amenities. |
| April 6 2024 | A ground collision occurred at Heathrow between a British Airways plane and a Virgin Atlantic Boeing 787. Both aircraft suffered wing damage, though Heathrow reported no injuries or delays. |
| March 2024 | Siemens announced the creation of a new £100m digital engineering facility in Wiltshire, UK, aimed at replacing its existing rail infrastructure factory in Chippenham with a new research and development centre, expected to open by 2026. |
| March 2024 | Roche sold Genentech's site in Vacaville, California to Lonza for $1.2 billion. |
| 2023 | Siemens announced a partnership with Nvidia to leverage Nvidia's Omniverse platform with Siemens' 3D design capabilities. |
| 2023 | Reported a revenue of €77.7 billion, marking an 8% increase from the previous fiscal cycle. |
| 2023 | Siemens invested €6.1 billion in research and development, with approximately 46,900 employees dedicated to R&D and holding around 43,600 patents worldwide. |
| 2023 | CEO Roland Busch announced the strategic aim to raise software businesses sales share to 20% in the long term. |
| 2023 | Roche was ranked 76th in the Forbes Global 2000 list, maintaining its position as the fifth-largest pharmaceutical company in the world by revenue and the leading global provider of cancer treatments. |
| 2023 | The company's revenue slightly decreased to 60.44 billion CHF, with net income reducing to 12.36 billion CHF. |
| December 2023 | Siemens shares traded at over US$93 per share, with a market capitalization of US$147 billion. Identified by Ernst & Young as one of only two German companies in the top 100 most valuable companies worldwide. |
| November 2023 | Virgin Atlantic announced plans to resume flights to Dubai after a four-year absence. |
| November 28 2023 | Virgin Atlantic successfully operated a test flight between London Heathrow and New York City using 100 percent sustainable aviation fuel on a Boeing 787-9, with no fare-paying passengers. |
| September 6 2023 | Freddie Mercury's Yamaha baby grand piano, used to compose 'Bohemian Rhapsody', sold for $2.1 million, setting a record for a composer's piano. |
| June 2023 | Siemens launched 'Siemens Xcelerator', an open digital platform housing IoT-enabled hardware, software, and digital services from Siemens and third parties, targeting businesses including small and medium-sized enterprises. |
| June 2023 | Agreed to purchase 945 Madison Avenue to house the company's headquarters, with plans to open the new space in 2025. |
| April 17 2023 | British Airways launched a new safety video as part of the 'A British Original' campaign, featuring Emma Raducanu, Robert Peston, Little Simz, and Steven Bartlett. |
| March 2023 | A New York judge ruled that Sotheby's must face trial on fraud charges for four artworks, including Salvator Mundi. The parties later agreed to settle via mediation. |
| March 2 2023 | Virgin Atlantic officially became a part of SkyTeam airline alliance. |
| February 2023 | The International Airlines Group (IAG), owners of British Airways, announced a return to annual profitability, earning €1.3 billion after suffering a €2.8 billion loss in 2021, marking a significant financial recovery post-pandemic. |
| January 2023 | Christened a new Airbus A330-900 (G-VEII) as 'Queen of the Skies' in honor of the late Queen Elizabeth II. |
| 2022 | The airline showed signs of recovery post-pandemic, increasing passenger numbers to 4.4 million, total flights to 21,835, and improving passenger load factor to 73.4%. |
| 2022 | Revenue growth to €71.9 billion, though net income decreased to €3.7 billion, with employee count increasing to 311,000 |
| 2022 | Roche continued its strong financial performance with revenue reaching 66.43 billion CHF and net income of 13.53 billion CHF. |
| 2022 | The company experienced a dramatic increase in travel demand, leading to a worker shortage that forced the cancellation of more than 1,500 flights. |
| 2022 | BA Euroflyer was created to compete with easyJet at Gatwick by providing a lower-cost option. |
| October 2022 | Virgin Atlantic took delivery of its first Airbus A330-900neo, a more efficient version of the A330 family. |
| October 2022 | Launched 'A British Original' advertising campaign with 500 unique executions and 32 short films, coinciding with Ozwald Boateng's new uniform collection |
| September 2022 | Virgin Atlantic announced new gender-neutral uniforms designed by Vivienne Westwood, allowing staff to choose between a bright red skirt suit with high heels or a burgundy trouser suit with a grey waistcoat. Staff can also wear a badge indicating their preferred pronoun. |
| September 2022 | Virgin Atlantic updated its ticketing systems to accommodate gender-neutral passports, allowing passengers to use 'U' or 'X' gender markers and the title 'Mx' on reservations, following passport policies in countries like the United States, India, Pakistan, and others. |
| September 27 2022 | Virgin Atlantic announced it would join the SkyTeam airline alliance in early 2023. |
| May 2022 | Siemens decided to cease its operations in Russia after 170 years due to the war in Ukraine, affecting approximately 3,000 employees and resulting in a second-quarter loss of US$625 million. |
| May 31 2022 | Comair suspended its operations. |
| May 2 2022 | Virgin Atlantic flight VS3, an Airbus A330-343 (G-VWAG) bound for New York's JFK Airport, was forced to turn around over Ireland approximately 35 minutes after takeoff due to a rostering error involving a First Officer who had not fully completed company training. The CAA confirmed the pilot was fully qualified, and the flight resumed after replacing the first officer. |
| 2021 | Gradual recovery with revenue increasing to €62.2 billion and net income rising to €6.1 billion, with workforce stabilizing at 295,000 employees |
| 2021 | Siemens Healthineers acquired Varian Medical Systems, an American company specializing in cancer care technologies. |
| 2021 | The company rebounded with revenue of 62.801 billion CHF and net income of 14.935 billion CHF. |
| 2021 | SK Hynix acquired Intel's NAND business for $9 billion, leading to the establishment of Solidigm. |
| October 25 2021 | 11 Picasso paintings from Steve Wynn's collection sold for $109 million in a Las Vegas pop-up salesroom. |
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This contents of the box above is based on material from the Wikipedia articles List of price fixing cases, Sotheby's, British Airways, Siemens, Roche, Virgin Atlantic & SK Hynix, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.