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Toshiba Fined in U.S. Antitrust Case

Japanese electronics giant Toshiba said Tuesday a jury has ordered it to pay $87 million in a price-fixing case on LCD displays, but that it ultimately may not end up paying damages.

A company statement said the U.S. District Court jury in San Francisco ordered the fine "due to alleged antitrust practices in the LCD business."

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Japan's Olympus Ordered to Pay Back Taxes

Japanese authorities have ordered Olympus to pay about $63 million in back taxes and penalties, reports said Wednesday, as the disgraced firm tries to recover from a loss cover-up scandal.

The liability is tied to a 15 billion yen ($188 million) advisory fee that Olympus claimed to have paid during its 2008 acquisition of British medical equipment maker Gyrus Group, the Nikkei business daily and Jiji Press reported.

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iGoogle Gets Axed in Shakeup

Google said Tuesday it was discontinuing its iGoogle page designed as Web "portal," saying it had become less relevant in the age of the mobile Internet.

The portal, which allowed users to personalize their start page, will be cut in November 2013 and was among a handful of products axed by the California tech giant.

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Life-Saver 'eCall' System Mandatory in New Cars

The European parliament on Tuesday demanded all new cars be forced to be equipped by 2015 with an electronic emergency system known as eCall.

Because the auto industry appears reluctant to voluntarily install the satellite-based system, which automatically alerts emergency services in case of a serious accident, MEPS called for eCall to be mandatory in new cars.

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Google Makes Bid to Dodge European Antitrust Fine

Google chairman Eric Schmidt has submitted a proposal to European regulators in Brussels aimed at avoiding a showdown on the some of the Internet search leader's business practices.

The European Competition Commissioner Joaquin Almunia began investigating Google in 2010, and in May of this year warned the company it needed to quickly propose changes to several practices — notably including the way it promotes its own offerings in search results — or face possible fines.

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Beats Headphone Maker Buys MOG Music Service

Upscale headphone maker Beats Electronics is buying music subscription service MOG in an attempt to improve what goes into playback devices as much as what comes out of them.

Beats, founded by rapper Dr. Dre and recording executive Jimmy Iovine, has devoted its brand to high-quality sound. But headphones and speakers are limited in their ability to improve the sound of songs whose data is compressed to squeeze through narrow pipes like older cellular phone networks.

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Microsoft Takes $6.2B Hit to Account for Ad Woes

Microsoft is absorbing a $6.2 billion charge to reflect that one of the biggest deals in its 37-year history turned out to be a dud.

The non-cash charge announced Monday could saddle Microsoft Corp. with a loss for its fiscal fourth quarter ended in June. Analysts polled by FactSet had predicted Microsoft would earn about $5.3 billion for the period. The company hasn't suffered a quarterly loss during the past 20 years, according to its website.

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Google Urges Governments to Share Disaster Data

Google on Monday urged governments to get better at sharing information to allow citizens and first responders to make better use of the Internet during natural disasters.

At a conference in quake-prone Japan, Rachel Whetstone, the firm's senior vice president of public policy and communications, said some countries hesitate over disclosing data.

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Apple Settles China iPad Trademark Fight for $60 mn

U.S. technology giant Apple has paid a Chinese firm $60 million to settle a long-running dispute over the iPad trademark in China, a court said Monday.

The government body overseeing trademarks has been asked to immediately recognize Apple's rights to the iPad name, the High Court of the southern province of Guangdong said on its website.

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Haier Aims for Europe and 'Made in China' Upgrade

Chinese appliance and electronics giant Haier is aiming to expand into Europe with higher-end products, helping to upgrade China's reputation for churning out mostly cheap, low-quality goods.

However, experts say that even if Haier succeeds the country still has much to do before it emulates the transformation by neighbors Japan and South Korea over recent decades so that their top brands are now synonymous with class.

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