Philips, LG Electronics, four others fined $1.92 billion for EU cartel

The logo of Philips is seen at the company's entrance in BrusselsBRUSSELS (Reuters) – Philips, LG Electronics, Samsung SDI and three other firms were fined a record 1.47 billion euros ($ 1.92 billion) by EU antitrust regulators on Wednesday for fixing prices of TV cathode-ray tubes for more than two decades. The biggest penalty, of 313.4 million euros, was imposed on Dutch-based Philips, followed by LG Electronics with 295.6 million euros. The European Commission fined Panasonic Corp 157.5 million euros, Samsung SDI 150.8 million euros, Toshiba Corp. 28 million euros, and French company Technicolor 38.6 million euros. …

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