News Headline Summary

Philips (PHIA NA) says will take provision of EUR 509mln in Q4 to cover EU fine

Analysis details (08:06)

- Co. earlier said that it planned to appeal a European Commission fine for violating competition rules in the cathode-ray tubes industry.
- The EU Commission earlier stated: Philips, LG Electronics, Samsung SDI and three other firms were fined a record EUR 1.47bln by EU antitrust regulators for fixing prices of cathode-ray tubes in two cartels lasting nearly a decade.

05 Dec 2012 - 08:04 - Equities - Source: Newswires

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