On This Day

Companies in History

Historical Events

  • 1901-12-24 Private companies allowed to use the word "postcard" in the US. Previously they were labelled "Private Mailing Cards" and known as "souvenir cards".
  • 1912-05-18 Maurits Binger establishes 2 Dutch movie companies
  • 1919-05-12 The Transvaal British Indian Association calls a mass meeting to organise opposition to the proposed Asiatics (Land and Trading) Amendment Act; in the Act, Transvaal Indians are prohibited from owning shares in limited companies
  • 1920-05-20 Mexican President Venustiano Carranza, under attack by American petroleum companies, faces an armed rebellion by right-wing Sonoro triumvirate after nationalizing subsoil rights

Historic Event

1924-05-01 German automobile manufacturers Daimler-Motoren-Gesellschaft and Benz & Cie begin their first joint venture (later merge into Mercedes-Benz)

  • 1938-03-18 President Cardena of Mexico nationalizes US & British oil companies
  • 1941-03-14 Nazi occupiers of Holland forbid Jewish owned companies
  • 1951-04-29 China seizes the assets of the Asiatic Petroleum Company, a joint venture between the Shell and Royal Dutch oil companies in retaliation for the Hong Kong Government's requisitioning of the tanker Yung Hao
  • 1965-03-19 Indonesia nationalizes all foreign oil companies
  • 1971-01-12 Negotiations over price of petroleum begin in Tehran between 6 OPEC Persian Gulf states and 22 oil companies
  • 1971-02-08 Nasdaq Composite stock market index debuts with 50 companies and a starting value of 100
  • 1971-02-14 Tehran agreement signed; oil companies accept 55 percent tax rate, immediate increase in posted prices, and further successive increases
  • 1971-04-02 Libya concludes 5 weeks of negotiations with Western oil companies in Tripoli
  • 1972-01-20 Six oil exporting countries conclude meetings with Western oil companies; an agreement is reached to raise the price of crude
  • 1972-03-11 OPEC threatens "appropriate sanctions" against companies that "fail to comply with . . . any action taken by a Member Country in accordance with [OPEC] decisions."
  • 1972-06-09 In a show of support for Iraq, OPEC moves to prevent companies whose interests were nationalized in Iraq from increasing production elsewhere

Agreement of Interest

1973-01-23 Shah of Iran Mohammad Reza Pahlavi announces that the 1954 operating agreement between a consortium of oil companies and Iran will not be renewed when it expires in 1979

Historic Event

1973-06-14 US President Richard Nixon administration imposes 60-day economy-wide price freeze, superseding Special Rule No. 1 for oil companies

  • 1973-09-01 Libya nationalizes 51 percent of nine other oil companies' concessions
  • 1973-09-15 OPEC supports price hikes and designates six Gulf countries to negotiate collectively with companies over prices; other members to negotiate individually
  • 1973-10-08 OPEC meets with oil companies to discuss revision of 1971 Tehran agreement and oil prices; negotiations fail.
  • 1974-02-11 Libya nationalizes three US oil companies that had not agreed to 51 percent nationalization in September
  • 1975-10-28 Venezuela and foreign oil companies agree on nationalization as of January 1, 1976
  • 1979-11-15 Iran cancels all contracts with U.S. oil companies
  • 1982-01-08 AT&T agrees to divest itself of 22 Bell System companies
  • 1984-01-01 AT&T's 22 owned Bell system companies divests into 8 companies
  • 1992-03-13 FCC rules companies can own 30 AM & 30 FM stations (formerly 12)
  • 1993-08-19 Mattel & Fisher Price toy companies merge
  • 1995-12-13 US Federal Court votes that Cable companies must carry local stations
  • 1996-06-20 The Venezuelan Congress approves deals which allow foreign oil companies to explore and produce oil in Venezuela for the first time since the country's 1975 nationalization of the oil industry

Historic Event

1996-08-06 US President Bill Clinton signs a new bill imposing sanctions on non-US companies which invest over $40 million a year in the energy sectors of Iran or Libya

  • 1998-09-14 Telecommunications companies MCI Communications and WorldCom complete their $37 billion merger to form MCI WorldCom.
  • 2001-02-20 The United States Supreme Court declines to consider an appeal by five major oil companies against Unocal's patent on production of cleaner "reformulated" gasoline sold in California
  • 2001-05-18 Saudi Arabia selects the eight foreign companies to take part in its "Gas Initiative," three core venture gas projects that have an anticipated worth of $25 billion
  • 2001-07-02 Bush Administration announce that it will seek to let oil companies drill on about 1,500,000 acres of the Gulf of Mexico
  • 2001-09-13 Relative calm returns to world oil markets as US retail gasoline prices return to normal levels; energy trading by Houston energy companies resumes and limited commercial aviation starts
  • 2002-10-27 The British ITV Network airs a regional service for the last time in England and Wales, LWT loses its identity completely
  • 2008-09-07 US Government takes control of the two largest mortgage financing companies in the US, Fannie Mae and Freddie Mac
  • 2008-09-21 Goldman Sachs and Morgan Stanley, the two last remaining independent investment banks on Wall Street, become bank holding companies as a result of the subprime mortgage crisis.

Swine Flu Pandemic

2010-01-26 The World Health Organization rejects claims that it overstated the severity of the swine flu pandemic under pressure from vaccine companies

  • 2011-04-15 "Black Friday" for online poker in the US: indictment United States v. Scheinberg shuts down sites, accusing companies of fraud and money laundering
  • 2012-08-08 China announces that it plans to close 23 rare earth mines and up to 50 smelting companies
  • 2012-10-29 Publishing companies Penguin and Random House merge to form the world's largest publisher
  • 2013-12-12 The United States announces sanctions on the two dozen companies who assisted Iran with their nuclear program
  • 2017-03-14 European Court of Justice rules companies can ban staff from wearing religious symbols, including headscarves
  • 2018-07-12 Republic of Ireland will be the first country to sell off its investments in fossil fuel companies after passing legislation in parliament
  • 2018-12-04 French couture house Chanel ends its use of fur and exotic skins following bans by other companies
  • 2019-03-26 European Parliament votes for changes to copyright laws, making internet companies responsible for copyright infringements

Historic Event

2019-05-15 Five of world's biggest tech companies pledge to tackle extremist material at "The Christchurch Call" initiative in Paris hosted by Jacinda Ardern and Emmanuel Macron

Historic Event

2019-05-16 US President Donald Trump declares a national emergency over IT threats, banning US companies from using foreign technology without a license

  • 2019-06-03 US federal government departments and Congress begin anti-trust investigations into large tech companies including Apple, Google, Facebook and Amazon
  • 2019-08-13 Entertainment companies CBS and Viacom announce they will merge with a combined 28 billion revenue
  • 2020-04-12 OPEC and other major oil companies agree to the largest-ever drop in production to stabilize world prices
  • 2020-04-23 US President Donald Trump suggests COVID-19 might be treated by injecting disinfectant or UV lights into a human body at a White House press briefing. Government officials and disinfectant companies quickly state doing so is not only extremely dangerous but potentially deadly.

Historic Event

2020-06-19 Australian government and companies suffer a months-long state-based cyber attack according to PM Scott Morrison

  • 2020-12-14 Russia revealed to have been behind massive cyberattack on US government agencies and private companies since the Spring
  • 2021-02-18 Facebook blocks users in Australia from accessing news sites in response to proposed new laws for tech companies to pay to show news content
  • 2021-08-30 China restricts online gaming for under 18s to one hour on Fridays, weekends and holidays ordering companies to enforce this [1]