London Greek Radio

Your No.1 Greek Hit Music Station

  • Home
  • Greek News
  • Greek Sport
  • LGR
  • Greek Events
  • Greek Dating
  • Greek Music
  • Greek Flatshare
  • Greek Jobs
  • Greek Travel
  • Greek Directory
  • news
  • cyprus
  • greece
  • britain
  • international
  • community
  • financial
  • entertainment
  • login
  • register

EU fines Microsoft record $1.4bn

BBC News , Reuters - Wednesday 27th of February 2008

The European Commission has fined US computer giant Microsoft for defying sanctions imposed on it for anti-competitive behaviour.

Top stories

  • PM Karamanlis issues message on Olympic Games
  • UN - IACOVOU - TURKISH CYPRIOTS - KOKKINA
  • Spectacular opening for Olympics
email this page to a friend print this page email the editor Discuss

Microsoft must now pay a record 899m euros ($1.4bn; £680.9m) after it failed to comply with a 2004 ruling that it abused its position.

"Microsoft was the first company in 50 years of EU competition policy that the Commission has had to fine for failure to comply with an antitrust decision," Competition Commissioner Neelie Kroes said in a statement.

For years after the decision Microsoft said it was making every effort to comply with the Commission's orders.

"Talk is cheap, flouting the rules is expensive," Kroes said. "We don't want talk and promises. We want compliance."

Microsoft said in a statement the fines concerned "past issues" and it was now looking to the future.



Other headlines

  • Weaknesses ahead for UK economy - 27/02/08
  • Greece : Countdown to Social Security Reform - 27/02/08
  • Brussels satisfied Greece will absorb all 08 funds - 27/02/08
  • Pakistan, Greece to sign MoU for olive oil production - 27/02/08
  • Property market continues to cool - 11/02/08
  • EU warns firms on text charging - 11/02/08
  • Greece launches tender to upgrade Piraeus port - 11/02/08
  • Greek bourse submits bid for Slovenia exchange-CEO - 11/02/08
  • Yahoo rejects Microsoft's bid - 11/02/08
  • US stocks rise on upbeat results - 06/02/08
  • BT revamping its mobile strategy - 06/02/08
  • Virgin would cut jobs at Northern Rock - 06/02/08
  • Economists forecast cut in rates - 06/02/08
  • No sign of inquiry into Egg move - 04/02/08


View Webcam Listen Live
  •   Advertisements
  • Home
  • About Us
  • Contact Us
  • Advertising
  • Public File
  • Login
  • Register

© 2008 London Greek Radio. All rights reserved.
This site is operated from England under English Law
For further information see our terms of use, privacy and refund policies.
Totally Communications - Web Designers London