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EU imposes record 1.47 billion euro cartel fine on Philips, 5 others
REUTERS
2012/12/07
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European Commissioner for Competition Joaquin Almunia addresses the media, at the European Commission headquarters in Brussels on Dec. 5. The European Union has imposed a massive fine of almost 1.5 billion euro ($2 billion) on seven international companies for fixing the market of television and computer monitor tubes for a decade ending in 2006. (AP photo)
BRUSSELS -- 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.
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