News Summary: LG Electronics profit plunges
SHRINKING PROFIT: LG Electronics first-quarter earnings shrank to less than one-tenth of the year-earlier quarter as its TV business languished, masking a recovery in mobile phone sales. Full story
LG targets March U.S. launch for next-generation TVs
LAS VEGAS (Reuters) - LG Electronics will begin selling televisions based on "OLED" technology, which allows for thinner displays that consume less power, in the United States in March. Full story
LG Elec starts taking orders for next-generation TVs
SEOUL (Reuters) - LG Electronics Inc started taking orders on Wednesday for organic light-emitting diode (OLED) televisions, hoping to outdo rival Samsung Electronics Co Ltd in the next-generation technology that could change the face of electronics displays. Full story
LG Electronics says will appeal against EU ruling on cartels
SEOUL (Reuters) - LG Electronics <066570.KS> said on Thursday it will appeal against the decision by the European Commission to impose its biggest antitrust fine ever on the South Korean company and five others for running two cartels for nearly a decade. Full story
EU imposes record $1.9 billion cartel fine on Philips, five others
BRUSSELS (Reuters) - The European Commission imposed the biggest antitrust penalty in its history on Wednesday, fining six firms including Philips, LG Electronics and Samsung SDI a total of 1.47 billion euros ($1.92 billion) for running two cartels for nearly a decade. Full story
Philips, LG Electronics, others face EU cartel fines
BRUSSELS (Reuters) - Six top electronics firms including Philips and LG Electronics face hefty European Union fines at the end of the month for fixing prices of TV cathode-ray tubes, four people with knowledge of the matter said. Full story
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LG to Produce Internet TV this Month
LG Electronics plans to start making Internet television with a Google platform this month, with CNBC's Julia Boorstin. Jim Iuorio, TJM Institutional Services, offers insight.
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Mobile phones of various brands including Samsung Electronics and LG Electronics are displayed for customers at a shop in Seoul in this August 26, 2011 file photo. Samsung Electronics Co Ltd , the iPhone's main adversary, is expected to post a 46 percent jump in first-quarter earnings in 2013 as sal
Showgoers look at a display of 55-inch OLED televisions in the LG Electronics booth during the first day of the Consumer Electronics Show in Las Vegas
Showgoers look at a display of 55-inch OLED televisions in the LG Electronics booth during the first day of the Consumer Electronics Show in Las Vegas January 8, 2013. REUTERS/Steve Marcus
Customers look at LG Electronics' TV sets at a store in Seoul
Customers look at LG Electronics' TV sets at a store in Seoul January 29, 2013. LG Electronics Inc, the world's No.2 TV maker, reported a 25 percent rise in quarterly operating profit on Wednesday, as its cellphone division swung back to the black. Picture taken January 29, 2013. REUTERS/Kim Hong-J
