A lump of coal for LCD makers

Scott Jagow Dec 12, 2006

TEXT OF STORY

SCOTT JAGOW: I’m guessing flat-panel TVs will be a pretty popular gift this year, but the two biggest LCD companies might make the naughty list.

Today, officials in Japan said they’re investigating South Korea’s Samsung and Philips for possible price-fixing a couple years ago. Anna Fifield is covering the story for the Financial Times.

ANNA FIFIELD: This is likely to be a very complicated case that could last several years, but if they are found guilty in the long run, the fine could be quite significant, about 10 percent of their sales at the time.

Philips says the U.S. Justice Department is also looking into collusion.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.