Three companies to plead guilty in U.S. to fixing capacitor prices
- Apple (AAPL) Tops Q4 EPS by 2c; Issues Solid Outlook
- Wall Street slips on earnings; Apple falls late after results
- Chipotle Mexican Grill (CMG) Posts Q3 EPS of $0.27; Comps Miss Views; Additional Stock Buyback Approved
- Pandora (P) Misses Q3 EPS by 1c, Q4 Revenue Guidance Falls Short
- After-Hours Movers 10/25: (OGXI) (AKAM) (VRTX) Higher; (EW) (NUVA) (CMG) (AAPL) Lower (more...)
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
WASHINGTON (Reuters) - Rubycon Corp, Elna Co Ltd and Holy Stone Holdings Co, Ltd have agreed to plead guilty to fixing the prices of electrolytic capacitors sold in the United States, the Justice Department said on Monday.
Rubycon and Elna, both from Japan, and Holy Stone, which is based in Taipei, will each plead guilty to a single count of price-fixing, which is a felony, the department said in a statement.
Electrolytic capacitors regulate current in electronics such as airbag systems, computers, televisions and a host of other devices.
Two other companies, NEC TOKIN and Hitachi Chemical Co Ltd, previously pleaded guilty to conspiring to fix prices of capacitors, also known as condensers.
Rubycon and Elna did not immediately respond to a request for comment while Holy Stone declined to comment.
(Reporting by Diane Bartz; Editing by Alan Crosby)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Belgians keep EU, Canada in suspense on trade deal
- Mexican presidents do not yearn to 'screw' the country: Pena Nieto
- White House urges ban on non-compete agreements for many workers
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!