Europe Fines Electronics Makers $1.92 Billion
Wednesday, December 5, 2012 8:19
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The Ongoing Decline in Disposable Income and Savings
Europe’s top antitrust regulator on Wednesday announced fines totaling 1.47 billion euros, or $1.92 billion, for seven companies accused of fixing the price of picture tubes for television and computer screens over 10 years, through 2006.
The regulator, Joaquín Almunia, said the activity had helped delay the market adoption of flat-panel screens for TVs and computers.
The fines added up to the largest single penalty for price fixing yet imposed by the European Commission.
