LCD companies pay $553m for price fixing in the US

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Source: BBC

The world's largest LCD screens manufacturers agreed to pay $553m to settle claims on price fixing in 8 states in the US. Despite paying the amount, companies continue to deny accusations. Samsung will have to pay $240m, Sharp $115.5m while Chimei Innolux will pay $110m.

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Wed, 28 Dec 2011 12:06:15 GMT

Italy: Yields decline after sic-month Treasury bills sale

Italian Treasury sold 9 billion euros in six-month Treasury bills eyeing sharp decline in yields to 3.25% from 6.50% on the same papers in November. The demand for bills improved since November with bids exceeding supply 1.7 times as compared to 1.5 times a month ago. The yields on 10-year bonds fell to 6.77%.

Wed, 28 Dec 2011 12:04:33 GMT

Grasberg copper mine may face another strike

Workers of Freeport McMoRan's Grasberg mine stopped working because of the dispute with management. Workers protest against forthcoming redundancies as company already laid off 18 workers and kept 101 additional employee on a temporary basis. To end the previous strike that stopped mine production for three months, management agreed to increase wages and not to reduce number of staff. However, currently company considers new

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