EU fines Microsoft record $1.4bn
The European Commission has fined US computer giant Microsoft for defying sanctions imposed on it for anti-competitive behaviour.
Microsoft must now pay a record 899m euros ($1.4bn; £680
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£41m meters fine for National Grid
UK Power distributor National Grid has been fined £41.6m ($80m USD) for restricting competition in the UK’s gas metering market.
Energy regulator Ofgem said the company, which owns 99% of the UK’s gas meters, had “severely restricted” rival suppliers from replacing its equipment with cheaper or more advanced devices
EU regulator raids Intel offices
Intel, the world’s biggest computer chipmaker, has been raided by European Union competition regulators amid claims it abused its market position.
Chuck Mulloy, a spokesman for Intel, said the regulators raided the company’s office in Munich, Germany.
Mr Mulloy said Intel was co-operating with the investigators
UK Southern Water fined 40million
Regulators have confirmed a £20.3m ($40m USD) fine imposed on Southern Water for poor service and reporting misleading data.
Ofwat first announced the fine in November and confirmed it on Friday after a period of consultation
The AES Corporation in Panama
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Korea jails Lone Star executive
Texan private equity firm Lone Star has been found guilty of stock price manipulation by a South Korean court.
The Seoul court fined the Dallas-based company $27m (£13.6m) and sentenced Paul Yoo, the head of its Korean unit, to five years in prison
Intel faces inquiry in New York
Intel, the world’s biggest computer chipmaker, is being investigated by New York Attorney General Andrew Cuomo over whether it broke anti-trust laws.
Mr Cuomo is looking into claims that Intel stopped customers from dealing with rival Advanced Micro Devices.
Intel has cut prices and tried to boost efficiency as AMD has made efforts to become the world’s top producer
BA accused over air cargo cartel
British Airways has been accused of colluding in setting prices of fuel surcharges and other levies in the provision of air freight services.
BA confirmed it received a letter of complaint from European Union regulators, alleging that it was part of a suspected air freight cartel.
The complaints were also sent to Germany’s Lufthansa, Air France-KLM and Scandinavia’s SAS
Norwich Union fined on £3m fraud
Insurance firm Norwich Union has been fined £1.26m ($2.5m) by the Financial Services Authority (FSA) after customers lost £3
Mitsubishi duo guilty over faults
Two ex-Mitsubishi members of staff have been found guilty of professional negligence over the death of a woman crushed by a wheel falling off a truck.
The Mitsubishi Fuso truck model was later recalled by the Japanese firm.
Hiroshi Murakawa, 61, and Hirotoshi Miki, 59, had been overseeing quality control at Mitsubishi Motors