Three manufacturers to plead guilty to price fixing - U.S
WASHINGTON (Reuters) - Panasonic Corp, its affiliate Sanyo Electric Co Ltd and LG Chem Ltd agreed to plead guilty to separate price-fixing allegations involving automotive parts and battery cells, the U.S. Justice Department said on Thursday.
Panasonic agreed to pay about a $45.8 million criminal fine, Sanyo agreed to pay $10.7 million and LG Chem $1.1 million, the department said in a statement.
(Reporting by David Ingram; Editing by Gerald E. McCormick)
- Tweet this
- Share this
- Digg this
Finance Minister Arun Jaitley favours a cut in interest rates to trigger demand in the construction sector, a newspaper report said on Saturday, but the Reserve Bank of India (RBI) has signalled it will not ease policy until it is confident of lower inflation. Full Article
Euro zone risks "relapse into recession" without structural reforms - Draghi. Full Article
Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw” Full Article