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
- Gorilla Glass maker Corning is set to receive $32 million under the CHIPS and Science Act [Yahoo! Finance]Yahoo! Finance
- Canton Corning plant to get $32 million in CHIPS funding, expecting to add 130 jobs [Yahoo! Finance]Yahoo! Finance
- Pipette Tips Global Strategic Business Report 2024-2030 Featuring Major Players - Biotix, Corning, Eppendorf, Hamilton, Mettler Toledo, Sarstedt, Sartorius, Sorenson, Tecan, & Thermo Fisher Scientific [Yahoo! Finance]Yahoo! Finance
- Corning Incorporated (NYSE: GLW) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Corning Incorporated (NYSE: GLW) had its price target raised by analysts at JPMorgan Chase & Co. from $55.00 to $60.00. They now have an "overweight" rating on the stock.MarketBeat
GLW
Earnings
- 10/29/24 - Beat
GLW
Sec Filings
- 11/12/24 - Form 144
- 11/7/24 - Form 144
- 11/5/24 - Form 4
- GLW's page on the SEC website