News: LG Electronics Inc (066570.KS)
6 May 2015
Wed, Apr 29 2015
* Expects Q2 revenue to rise by double-digit rate versus Q1 on launch of new products, seasonal demand for air-conditioning products Further company coverage: (Reporting by Se Young Lee; Editing by Biju Dwarakanath)
SEOUL - South Korean consumer electronics maker LG Electronics Inc on Wednesday reported a weaker-than-expected first-quarter profit, as the television division sank to its first operating loss since 2010.
* Operating profit 305 bln won vs 319 bln won analysts' f'cast
SEOUL, April 29 - South Korea's LG Electronics Inc said on Wednesday its January-March profit fell 36.2 percent from a year earlier, missing expectations as deteriorating economic conditions in key markets undercut its television business.
* Apple has directed buyers to online ordering (Rewrites throughout, adds details)
BRUSSELS - The European Court of Justice upheld on Thursday a 210 million euro ($224.8 million) fine imposed on South Korea's LG Display for participating in a cartel of LCD panel makers between 2001 and 2006.
SEOUL - South Korea's LG Display Co Ltd downplayed risks of a supply glut in the global panel market after reporting its best quarterly profit in more than four years, seeking to assuage fear about a sharp profit decline later this year.
SEOUL, April 2 - South Korean appliances maker LG Electronics has signed a three-year deal to sponsor the country's skeleton team ahead of the 2018 Winter Olympics in Pyeongchang.
SEOUL - South Korean rivals Samsung Electronics Co Ltd and LG Electronics Inc said on Tuesday they have agreed to call off all their legal disputes including a bitter months-long conflict over a set of damaged washing machines.
SEOUL, March 31 - South Korean rivals Samsung Electronics Co Ltd and LG Electronics Inc said on Tuesday they have agreed to end ongoing legal disputes and work out future disagreements through dialogue.
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