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Daily Digit: Record Fine For Electronics Price Fixing
A whopping 1.47 billion euros is today's Daily Digit in Europe - the size of a record fine for price fixing by key electronics companies. The Dutch firm Philips was hit hardest by the European Commission penalty - it must pay 313m euros. EU anti-trust regulators said it, and others, had fixed the price of cathode-ray tubes used in televisions and monitors for nearly a decade. LG Electronics received the next largest penalty at just under 300 million euros.
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