EU Antitrust Regulators Fine Asus $74 Million in Online Pricing Case

Asustek Computer Inc. and Royal Philips NV were among four companies fined a total of 111 million euros ($130 million) by European Union antitrust regulators for preventing online retailers from setting prices that undercut traditional stores. Asus received the largest fine, about 63.5 million euros, while Philips owes nearly 30 million euros, the European Commission said in a press release.