On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1320 AM Sioux Falls, SD 107.9 FM Sioux Falls, SD

Weather

Current Conditions(Sioux Falls,SD 57104)

More Weather »
60° Feels Like: 60°
Wind: SSE 23 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Partly Cloudy/Wind 64°

Tonight

Partly Cloudy/Wind 49°

Tomorrow

Few Showers 70°

Alerts

EU raids consumer electronics firms over antitrust concerns

An illuminated euro sign is seen in front of the headquarters of the European Central Bank (ECB) in the late evening in Frankfurt January 8,
An illuminated euro sign is seen in front of the headquarters of the European Central Bank (ECB) in the late evening in Frankfurt January 8,

BRUSSELS (Reuters) - The European Commission said on Thursday its officers had raided several companies involved in making and selling consumer electronics and small domestic appliances, on suspicion they had broken competition rules.

The EU's executive and antitrust regulator said it was concerned the firms had worked together to limit the sale of some goods online to drive up their prices.

It did not give details of the name or location of the companies inspected by its officers on Tuesday.

"The Commission has concerns that the companies concerned may have violated EU antitrust rules that prohibit anticompetitive agreements or concerted practices," it said in a statement.

(Reporting by Jan Strupczewski; Editing by Andrew Heavens)

Comments