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Business News Archive - November 11, 2012

LG, Philips Face EU Fines

Philips and LG Electronics, along with four other top electronics manufacturers, are facing hefty European Union (EU) fines at the end of the month for price fixing cathode-ray tubes.

Word of the Day
baudekin
  • A rich embroidered or brocaded silk fabric woven originally with a warp of gold thread.
'Baudekin' seems to be an alternative form of 'baldachin,' from the Italian 'Baldacco,' Baghdad, the city where the material was made.
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