Subscribe free to our newsletters via your
. Energy News .




TRADE WARS
EU regulators suspect worldwide cartel in CD, DVD drives
by Staff Writers
Brussels (AFP) July 24, 2012


The European Commission on Tuesday said it had sent a "statement of objections" to 13 firms suspected of taking part in a cartel for optical disk drives, used to read or write data on CDs and DVDs.

"The Commission has concerns that those suppliers may have coordinated their behaviour in bidding events organised by two major original equipment manufacturers for optical disk drives," a statement said, without naming the firms.

A statement of objections is a formal step in a probe into suspected violations of EU rules prohibiting cartels and restrictive business practices.

Once informed in writing, companies can examine documents on commission files and respond.

The commission statement addded that it "takes the preliminary view that the companies concerned engaged for at least five years in bid rigging, which is one of the most serious breaches of EU antitrust rules."

Should the regulators conclude there was an infringement, it can slap a fine of up to 10 percent of a company's annual worldwide turnover.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








TRADE WARS
Australia bank chief upbeat on China
Sydney (AFP) July 24, 2012
Australia's central bank chief on Tuesday played down fears of a significant slowdown in key trading partner China, describing it as "cyclical" in an upbeat assessment of the domestic economy. Reserve Bank governor Glenn Stevens said Australia's "remarkable" recession-beating performance in the financial crisis had been underpinned by its ties to Beijing, stable banks, a floating dollar and ... read more


TRADE WARS
Roadmap for a Sustainable Energy System in the Dominican Republic

Apollo Energy Assists Businesses Cutting Commercial Energy Costs

Ireland calls for interconnector approval

Report: Canada can be energy superpower

TRADE WARS
Oil prices stage muted rebound on Chinese data

Fire-damaged Turkey pipeline to be fixed 'in a week'

Iraq bars Chevron over Kurdish oil contracts

Armed conflict possible in South China Sea: ICG

TRADE WARS
SeaRoc to provide full installation services on Narec's Offshore Anemometry Hub

Italian police seize giant wind farm in mafia probe

GL Garrad Hassan releases update of WindFarmer 5.0

U.S moves massive wind farm plan forward

TRADE WARS
Solar Module Price Erosion Slows in the Second Half of 2012 as Demand Rises

Next Phase in SolarStrong Project for Sustainable Electricity Production

DECCs 2020 solar ambition achievable with major contribution from solar parks

Speeding up the profitability of flat-roof solar installations

TRADE WARS
40 India nuclear plant workers contaminated: firm

Stanford researchers calculate global health impacts of the Fukushima nuclear disaster

Japan, TEPCO accused of ignoring nuclear accident risks

Fukushima a 'Wake-Up Call' Seen for Sleeping US Nuclear Regulators

TRADE WARS
Brazil to build first algae-based biofuel plant

OriginOil Ships First Production System to Paris-Based Ennesys

Beating the fuel prices: Using yeast for economic production of bioethanol

The Future of Biomaterial Manufacturing: Spider Silk Production from Bacteria

TRADE WARS
Looking Forward to Shenzhou 10

Astronauts in good shape after return

Shenzhou mission sparks 'science fever'

China Beats Russia on Space Launches

TRADE WARS
Asia unlikely to achieve climate, poverty goals unless women's rights are recognized

Generation X is surprisingly unconcerned about climate change

No end in sight for US drought: experts

Worst drought in five decades ravages US




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement