EU imposes record $1. 9 billion cartel fine on Philips, five others
BRUSSELS (Reuters) – The European Commission imposed the biggest antitrust penalty in its history on Wednesday, fining six firms including Philips, LG Electronics and Panasonic a total of 1. 47 billion euros ($1. 92 billion) for running two cartels for nearly a decade. The Commission said executives from the European and Asian companies met until six years ago to fix prices and divide up markets for TV and computer monitor cathode-ray tubes, technology now mostly made obsolete by flat screens. . . .
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