Corning faces EU antitrust scrutiny over Gorilla Glass deals with phone makers [Yahoo! Finance]
Corning Incorporated (GLW)
Last corning incorporated earnings: 4/28 07:15 am
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Source: Yahoo! Finance
The European Commission, the 27-nation EU's top antitrust enforcer, said it opened a formal investigation to determine whether Corning Inc. abused its dominant worldwide position for the toughened glass used in smartphones, tablets and other portable devices. The commission, which is the EU's executive branch, said it was concerned about “anti-competitive exclusive supply agreements" requiring device makers to source all or nearly all of their glass from Corning. Under these deals, manufacturers got rebates for buying only Corning glass, and could only take competing offers from rival glass makers if Corning couldn't match the price. Strong competition "is crucial to ensure low prices and high-quality glass," said Margrethe Vestager, the commission's executive vice-president in charge of competition policy. “We are investigating if Corning, a major producer of this special glass, may have tried to exclude rival glass producers, thereby depriving consumers from cheaper and more br
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News
- Corning Incorporated (NYSE: GLW) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
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- Corning Incorporated (NYSE: GLW) had its price target raised by analysts at Morgan Stanley from $39.00 to $48.00. They now have an "equal weight" rating on the stock.MarketBeat
- Cell Line Development Market Size Set for Explosive Growth, with Projections Indicating $ 18.62 billion by 2031 | The Insight Partners [Yahoo! Finance]Yahoo! Finance
- Corning Incorporated (NYSE: GLW) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
GLW
Earnings
- 10/29/24 - Beat
GLW
Sec Filings
- 12/19/24 - Form 4
- 12/18/24 - Form 4
- 12/11/24 - Form 4/A
- GLW's page on the SEC website