. Space Industry and Business News .




.
TECH SPACE
Asian firms to pay $571 mn more in US LCD case
by Staff Writers
New York (AFP) July 3, 2012


Three major Asian manufacturers have agreed to pay fines of $571 million to US states as part of the ongoing case on price-fixing of LCD displays for electronic devices, officials said Thursday.

The settlements were reach with Japan's Toshiba Corporation, AU Optronics of Taiwan and LG of South Korea, according to the New York state attorney general's office.

The case is part of a long-running probe in the United States over a scheme to boost prices for liquid crystal display (LCD) screens used in televisions, computer monitors, and laptops.

New York is among eight states sharing in the settlement and will get some $10 million through recovery for government purchases and penalties, in addition to restitution to consumers.

The companies in the latest round of settlements agreed to pay $543.5 million to settle antitrust claims and two firms will pay $27.5 million in fines and penalties to the states.

Together with seven earlier settlements, the payments will top $1.1 billion.

"This price-fixing scheme created an unlevel playing field for businesses that abide by the rules, and left consumers paying artificially higher costs for televisions, computers and other electronics," said New York State Attorney General Eric Schneiderman.

The complaint alleged that the companies agreed to inflate prices from 1999 on the LCD products.

Rival LCD makers met in secret in karaoke bars, tea rooms, and hotel conference rooms in Taiwan to set prices rather than letting market forces prevail, according to US officials.

When all settlements are in place, officials said consumers in 24 states and the US city of Washington will be eligible for compensation totaling $692 million.

Information about the settlements and the court approval process, is available at www.lcdclass.com

Related Links
Space Technology News - Applications and Research




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries




Klimt gets 21st-century makeover with iPads, apps
Vienna (AFP) July 12, 2012 - Vienna's Belvedere Museum is giving Gustav Klimt a 21st-century makeover even as he turns 150, with smartphones, iPads and tablet computers now guiding the visitor... even beyond the museum's doors.

The Belvedere launched Thursday a new Klimt app, along with a new exhibit, to help visitors enter the artist's world.

A touch of the finger brings up information about a given painting and a short video of the place he depicted or a key location related to it: from the Attersee lake where Klimt spent his summers to Venice's Basilica San Marco, whose byzantine style inspired his "Golden Period."

A free Gustav Klimt world map, downloadable on the Internet, meanwhile lists the main stops in his life, all over Europe, with pictures of the places he visited and the paintings he created in that location.

The Google Maps-powered app even gives directions to each of the sights, from his grave in Vienna to a gallery in London where he once displayed his works.

The use of apps, the first ever by an Austrian state museum, will "provide a new, continuous experience far beyond the visit to the museum and the exhibit," according to the Belvedere.

QR codes also help visitors decipher Klimt's scribbled and hardly legible love letters, now on show for the first time.

"We need to find new ways to present art," curator Alfred Weidinger told journalists Thursday at a preview of the new exhibit.

The only risk could be that visitors will now spend more time absorbed by the stylish and interactive apps than contemplating the art inside this former baroque palace.

The Belvedere inaugurated Thursday a comprehensive new Klimt exhibit with 120 paintings, drawings, letters and other memorabilia, ahead of the artist's 150th birthday on July 14.



.

. 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



TECH SPACE
Global PC sales flat as consumers eye new gadgets
Washington (AFP) July 11, 2012
Worldwide sales of personal computers fell 0.1 percent in the second quarter of the year as consumers turned their attention to newer gadgets like tablets, a survey showed Wednesday. The quarterly report from research firm Gartner showed PC shipments, excluding tablet computers, totaled 87.5 million units in the second quarter of 2012, a small drop year-over year. "In the second quarter ... read more


TECH SPACE
Apple rejoins green tech program after spat

Asian firms to pay $571 mn more in US LCD case

The Day Information Went Global

Metamolecules that switch handedness at light-speed

TECH SPACE
Raytheon's vehicular soldier radio system links 37 different types of US, coalition radios

Lockheed Martin to Support Intelligence Analysis Worldwide Under DIA Solutions Contract

ONR Opens a Gateway to Improved Network Data Sharing on Navy Ships

Raytheon Advanced Tactical System readies for 2.0 launch

TECH SPACE
ILS Proton Launches SES-5 For SES

Eutelsat and Arianespace pursue their longstanding collaboration with the signature of a new launch contract

Ariane 5 ECA orbits EchoStar XVII and MSG-3

ATK Unveils Unique Liberty Capability

TECH SPACE
Phone app will navigate indoors

Announcement of ACRIDS product line for Precision Airdrop Systems

SSTL announces exactView-1 satellite launch date

Galileo pathfinder GIOVE-A retires

TECH SPACE
Boeing Commends ICAO Progress on Developing a Global Aviation Carbon Standard

Taiwan aircraft maker looks to F-16 upgrade deal

Farnborough lives up to reputation

Boeing, Embraer clinch new partnership

TECH SPACE
Toward Achieving One Million Times Increase in Computing Efficiency

Intel pumps billions into computer chip tool maker

Japan's Renesas eyes $550 mn savings, cutting 5,000 jobs

Discovery of material with amazing properties

TECH SPACE
New eyes in the sky

IGARSS 2012 - 'Remote Sensing for a Dynamic Earth'

MSG-3 set to ensure quality of Europe's weather service from geostationary orbit

Images in an Instant: Suomi NPP Begins Direct Broadcast

TECH SPACE
Copper making salmon prone to predators

Science on the stage as green crusade hits Avignon

Clinton faces legacy of Laos bombings

Chinese factories shut amid lead poisoning fears


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - 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