In the announcement of its new OLED TV, LG acknowledges that most of its rivals have abandoned or backed off from the technology. But LG says it is "reinforcing its leadership in this premium display technology," with its new TV.
LG this week announced the extension of its partnership with the NCAA, American college athletics' national governing body and two of its television broadcast partners. The new agreement, with CBS Sports and Turner Sports, runs through 2015.
LG Electronics has sued the U.S. Department of Energy, after the department earlier this year ordered the company to remove Energy Star labels from some of its French Door refrigerators.
According to the Wall Street Journal, the litigation centers around a new required test procedure that LG says the government hasn't made clear to the company.
Lifestyle buys and dropping prices are spurring a strong season for the appliance category By Mike Llewellyn It's been a solid summer for the appliance industry, according to research from the Association of Home Appliance Manufacturers. Increasing shipments to retailers are continuing an already strong year, with the only downer apparently a milder-than-usual summer cooling air conditioner sales. AHAM reports an 8.4-percent increase in June shipments in the core appliance category, which includes everything from the dishwasher to the washing machine. For the year, the category is up 8.7 percent, says the trade association. Depending on whom you ask, there are a variety of explanations for