Arab Today, arab today eu slaps fine on screen producers
Last Updated : GMT 21:10:43
Arab Today, arab today
Arab Today, arab today

EU slaps fine on screen producers

Arab Today, arab today

Arab Today, arab today EU slaps fine on screen producers

London - DW

EU anti-trust regulators have fined six major electronics firms a record total penalty of 1.4 billion euros ($1.9 billion). The companies were deemed to have fixed prices for TV and monitor tubes for nearly a decade. The largest fine, totaling 313 million euros ($409 million), was slapped on Dutch electronics firm Philips, the European Union\'s executive Commission said Wednesday, ahead of a 295-million-euro penalty imposed on LG Electronics, and 157 million for Panasonic. The other electronics giants involved in the international price fixing were Samsung, Toshiba and Technicolor. According to EU Competition Commissioner Joaquin Almunia, the firms fixed global prices for so-called cathode ray tubes. These tubes used to be key components of television screens and computer monitors until flatscreens have started to replace them in recent years. The six companies formed altogether two cartels, one involving TV sets and the other computer monitors, and had been operating on a global scale between 1996 and 2006. \"These cartels feature all the worst kinds of anti-competitive behavior that are strictly forbidden to companies doing business in Europe,\" Almunia said in a statement, adding that the violations were especially harmful to consumers as the tubes accounted for up to 70 percent of screen prices. Taiwanese firm Chunghwa Picture Tubes finally blew the whistle on the cartels and escaped being punished, the EU Commission said. Before Wednesday\'s ruling, the biggest fine imposed for anti-trust violations by the EU amounted to 1.38 billion euros slapped on a car glass cartel in 2008.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu slaps fine on screen producers Arab Today, arab today eu slaps fine on screen producers

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu slaps fine on screen producers Arab Today, arab today eu slaps fine on screen producers

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday