ADVFN - Advanced Financial Network.
HOME» NYSE » H » HIT Stock Price » HIT Stock News

Hitachi Share News

 Hitachi, Ltd. Stock Price
HIT Stock Price
 Hitachi, Ltd. Stock Chart
HIT Stock Chart
 Hitachi, Ltd. Stock News
HIT Stock News
 Hitachi, Ltd. Company Information
HIT Company Information
 Hitachi, Ltd. Stock Trades
HIT Stock Trades

EU Court Annuls Some Fines On Gas Insulated Switchgear Cartel

BRUSSELS -(Dow Jones)- The European Court of Justice annulled fines imposed by the European Commission on Japanese companies Mitsubishi Electric Corp. (6503.TO) and Toshiba Corp. (6502.TO) for participating in a cartel of gas-insulated switchgear products. The General Court, the European Union's second highest court, confirmed the EUR50.4 million imposed on Hitachi Ltd. (HIT). In March, the same court upheld a EUR397 million fine levied against German conglomerate Siemens AG (SI) for having operated in the same cartel, but it reduced penalties imposed on Siemens Austria subsidiaries and on French power generation firm Alstom S.A. (ALO.FR) and nuclear giant Areva S.A. Gas insulated switchgear is heavy electrical equipment used to regulate electricity flows within power grids. It is a major component of power substations, where electrical current is converted from high to low voltage, or vice-versa. -By Alessandro Torello, Dow Jones Newswires; +32 2 741 14 88; [email protected]

Stock News for Hitachi (HIT)
No Recent News Available

Hitachi and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations