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Europe Daily Bulletin No. 10745

6 December 2012
ECONOMY - FINANCE - BUSINESS / (ae) competition
Record €1.47 billion fine on TV and computer cartels

Brussels, 05/12/2012 (Agence Europe) - On 5 December, the European Commission levied record fines of €1.47 billion - the highest yet - on seven international electronics companies for their decade-long involvement in one or two global cartels in cathode ray tubes for colour televisions and computer monitors.

From 1996 to 2006, Chunghwa, Samsung SDI, Philips, LG Electronics, Technicolor (ex-Thomson), Panasonic, Toshiba and MTPD (now a subsidiary of Panasonic) agreed on prices and the...

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