[Reuters] EU imposes record $1.9 billion cartel fine on Philips, five others

Posted by: UGN Security

[Reuters] EU imposes record $1.9 billion cartel fine on Philips, five others - 12/05/12 10:53 AM

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.