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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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File photo of mobile phones of various brands including Samsung Electronics and LG Electronics displayed for customers at a shop in Seoul

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
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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

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