EU imposes record $1. 92 billion cartel fine on Philips, five others
BRUSSELS (Reuters) – Philips, LG Electronics, Samsung SDI and three other firms were fined a record 1. 47 billion euros ($1. 92 billion) by EU antitrust regulators for fixing prices of TV and monitor cathode-ray tubes for nearly a decade. The European Commission slapped the biggest penalty, of 313. 4 million euros, on Dutch-based Philips on Wednesday. LG Electronics came in second with a 295. 6 million euro fine. The EU competition authority fined Panasonic Corp 157. 5 million euros, Samsung SDI 150. 8 million euros, Toshiba Corp. 28 million euros, and French company Technicolor 38. 6 million euros. . . .
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